X2 Holdings Limited - Limited company - abbreviated

REGISTERED NUMBER: 06434514 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

FOR

X2 HOLDINGS LIMITED

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Investments

2

1,238,151

CREDITORS

Amounts falling due within one year

1,010,984

NET CURRENT LIABILITIES

(1,010,984

)

(1,010,984

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

227,167

CAPITAL AND RESERVES

Called up share capital

3

100,000

Share premium

114,287

Profit and loss account

12,880

SHAREHOLDERS' FUNDS

227,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30 October 2014 and were signed by:

I A Cramb - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting

policies adopted in the preparation of the financial statements are set out below.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

The company was dormant throughout the year ended 30 June 2014. However, reference to information relating

to the year ended 30 June 2013 has been made where appropriate.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 July 2013

and 30 June 2014

1,238,151

NET BOOK VALUE

At 30 June 2014

1,238,151

At 30 June 2013

1,238,151

The company's investments at the balance sheet date in the share capital of companies include the following:

X2 (UK) Limited

Nature of business: Transport and distribution

%

Class of shares:

holding

Ordinary

100.00

2014

2013

£

Aggregate capital and reserves

462,072

422,212

Profit/(loss) for the year

39,860

(73,783

)

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

100,000

Ordinary

£1

100,000

4.	ULTIMATE PARENT COMPANY

X2 FLS Holdings Limited is regarded by the director as being the company's ultimate parent company.

5.	CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in

respect of the financial and operating policies of the company.

X2 Holdings Limited - Limited company - abbreviated - 11.6

X2 Holdings Limited - Limited company - abbreviated - 11.6