Xendica Limited Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 05160920

Xendica Limited

Filleted Unaudited Financial Statements

31 March 2018

Xendica Limited

Financial Statements

Year ended 31 March 2018

Contents	Page

Officers and professional advisers	1

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Xendica Limited

Officers and Professional Advisers

The board of directors	C M Harris
	D A Kennedy

Registered office	727-729 High Road
	London
	N12 0BP

Accountants	Complete Accounting Solutions
	Chartered Certified Accountants
	727-729 High Road
	London
	N12 0BP

Xendica Limited

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Xendica Limited

Year ended 31 March 2018

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2018, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Complete Accounting Solutions Chartered Certified Accountants

727-729 High Road London N12 0BP

Xendica Limited

Statement of Financial Position

31 March 2018

	2018		2017
Note	£	£	£

Fixed assets

Tangible assets	5	3,335	393
Investments	6	–	2
		-------	----
		3,335	395

Current assets

Debtors	7	78,486	36,307
Cash at bank and in hand		725	3,097
		--------	--------
		79,211	39,404

Creditors: amounts falling due within one year	8	161,850		116,453
		---------		---------
Net current liabilities			82,639	77,049
			--------	--------
Total assets less current liabilities			( 79,304)	( 76,654)
			--------	--------
Net liabilities			( 79,304)	( 76,654)
			--------	--------

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 79,306)	( 76,656)
	--------	--------
Shareholders funds	( 79,304)	( 76,654)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Xendica Limited

Statement of Financial Position (continued)

31 March 2018

These financial statements were approved by the board of directors and authorised for issue on 21 December 2018 , and are signed on behalf of the board by:

C M Harris

Director

Company registration number: 05160920

Xendica Limited

Notes to the Financial Statements

Year ended 31 March 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Investments

Investments are carried forward at the lower of cost and net realisable value.

Going concern

In our opinion, on the basis of information and enquiries that are pertinent to the company's circumstances and which we believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular we believe that adequate cash resources will be available to cover the company's requirements for working capital for at least twelve months from the date of signing the financial statements.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

No significant judgements have had to be made by the directors in preparing these financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Office Equipment	-	33% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2017: 2 ).

5. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 April 2017	18,396	18,396
Additions	3,476	3,476
	--------	--------
At 31 March 2018	21,872	21,872
	--------	--------
Depreciation
At 1 April 2017	18,003	18,003
Charge for the year	534	534
	--------	--------
At 31 March 2018	18,537	18,537
	--------	--------
Carrying amount
At 31 March 2018	3,335	3,335
	--------	--------
At 31 March 2017	393	393
	--------	--------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2017	2
Disposals	( 2)
	----
At 31 March 2018	–
	----
Impairment
At 1 April 2017 and 31 March 2018	–
	----

Carrying amount
At 31 March 2018	–
	----
At 31 March 2017	2
	----

The investments above were written off in their entirety during the year.

7. Debtors

	2018	2017
	£	£
Trade debtors	68,283	7,335
Amounts owed by group undertakings and undertakings in which the company has a participating interest	–	24,829
Other debtors	10,203	4,143
	--------	--------
	78,486	36,307
	--------	--------

8. Creditors: amounts falling due within one year

	2018	2017
	£	£
Trade creditors	638	1,856
Social security and other taxes	991	1,058
Other creditors	160,221	113,539
	---------	---------
	161,850	116,453
	---------	---------

9. Controlling party

The parent company is Oak Nominees Limited.