Xai Asset Management Ltd in Canary Wharf, E14 5EU

Description

Data updated on: 01-11-2023

Xai Asset Management is a company located at E14 5EU Canary Wharf at 30 30 Churchill Place. The firm was set up in 2017 and is registered as reg. no. 10592027. The firm has been actively competing on the UK market for seven years now and its current state is active. Despite the fact, that lately it's been known as Xai Asset Management Ltd, it had the name changed. This company was known under the name Penhallow Stockco 171 until 2017-02-07, at which point the name got changed to Wilmotml. The definitive switch took place on 2019-04-13. This business's registered with SIC code 66300 and has the NACE code: Fund management activities. 2022-09-30 is the last time when company accounts were reported.

On Fri, 12th May 2017, the company was employing a Economist/Strategist to fill a full time post in the financial sector in London, London. They offered an annual hours contract with wage £20.5 per hour. The offered position required experienced worker and a postgraduate certificate, Masters degree or a diploma. Xai Asset Management needed people with minimum one year of professional experience.

The info we posses related to this company's members reveals there are two directors: Aric W. and Jonathan W. who assumed their respective positions on 2017-04-20 and 2017-02-07.

Previous company's names
Xai Asset Management Ltd 2019-04-13
Wilmotml Limited 2017-02-07
Penhallow Stockco 171 Limited 2017-01-31

Financial data based on annual reports

Profit & Loss
Date of Accounts	2018-09-30	2019-09-30	2020-09-30	2021-09-30	2022-09-30
Currency

Balance Sheet
Cash Bank On Hand	281 383	166 160	64 203	143 690	187 013
Current Assets	337 095	299 317	225 827	295 716	358 601
Debtors	55 712	133 157	190 027	145 880	171 588
Net Assets Liabilities	181 858	131 472	22 479	-12 435	-62 804
Other Debtors		16 928	45 065	24 658	36 364
Property Plant Equipment	7 553	6 027	4 552	3 510	1 521

Other Financial Data
Audit Fees Expenses	8 500	8 755	9 500	11 500
Accrued Liabilities Deferred Income	13 425	13 992	36 923	33 834	18 640
Accumulated Amortisation Impairment Intangible Assets	1 354	2 257	3 160	4 063	4 966
Accumulated Depreciation Impairment Property Plant Equipment	2 799	4 992	7 342	9 816	11 805
Additions Other Than Through Business Combinations Property Plant Equipment		667	875	1 432
Administrative Expenses	211 651	334 645	282 030	293 106	240 780
Amortisation Expense Intangible Assets	903	903	903	903	903
Amortisation Impairment Expense Intangible Assets	903	903	903	903	903
Average Number Employees During Period		4	5	5	5
Cash Cash Equivalents Cash Flow Value	281 383	166 160	64 203	143 690	187 013
Comprehensive Income Expense				-53 817
Corporation Tax Payable	4 486	16 429
Corporation Tax Recoverable		68 447	98 428	79 637	74 505
Cost Sales	183 909	254 614	248 432	244 857	262 615
Creditors	169 180	179 619	212 903	309 974	426 608
Current Tax For Period	8 085	-68 447	-97 731	-77 513	-76 384
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	965	-260	-160	-358	-126
Depreciation Expense Property Plant Equipment	2 070	2 193	2 350	2 474	1 989
Depreciation Impairment Expense Property Plant Equipment	2 070	2 193	2 350	2 474	1 989
Fixed Assets	15 227	12 798	10 420	8 475	5 583
Further Item Tax Increase Decrease Component Adjusting Items	965	-260	6 641	-358	23 705
Future Minimum Lease Payments Under Non-cancellable Operating Leases			16 875	4 930
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss	-381	-5 860	666	-17 703	13 023
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	-6 927	1 504	-49 713	-97 071	-126 134
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	-252	8 998	26 889	-25 356	24 694
Gross Profit Loss	254 721	215 531	65 078	151 916	100 963
Income Taxes Paid Refund Classified As Operating Activities	-3 599	11 943	89 763	96 303	78 804
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	-199 623	115 224	101 958	-79 487	-43 323
Increase Decrease In Current Tax From Adjustment For Prior Periods			-38 441	1 168	2 712
Increase From Amortisation Charge For Year Intangible Assets		903	903	903	903
Increase From Depreciation Charge For Year Property Plant Equipment		2 193	2 350	2 474	1 989
Intangible Assets	7 674	6 771	5 868	4 965	4 062
Intangible Assets Gross Cost	9 028	9 028	9 028	9 028
Interest Received Classified As Investing Activities		-20	-30	-2	-4
Issue Equity Instruments	150 000
Net Cash Flows From Used In Financing Activities	-150 000
Net Cash Flows From Used In Investing Activities		647	845	1 430	-4
Net Cash Flows From Used In Operating Activities	-49 623	114 577	101 113	-80 917	-43 319
Net Cash Generated From Operations	-53 222	126 520	190 876	15 386	35 485
Net Current Assets Liabilities	167 915	119 698	12 924	-20 404	-68 007
Net Finance Income Costs		20	30	2	4
Operating Profit Loss	43 070	-119 114	-216 952	-141 190	-139 817
Other Creditors	126 947	127 070	144 727	243 500	372 251
Other Interest Income		20	30	2	4
Other Interest Receivable Similar Income Finance Income		20	30	2	4
Other Taxation Social Security Payable	16 173	5 259	6 773	5 406	27 560
Pension Other Post-employment Benefit Costs Other Pension Costs	414	2 558	2 629	4 514	5 049
Prepayments Accrued Income	12 212	47 782	46 534	41 585	27 555
Proceeds From Issuing Shares	-150 000
Profit Loss	34 020	-50 387	-80 590	-63 317	-66 015
Profit Loss On Ordinary Activities Before Tax	43 070	-119 094	-245 325	-141 188	-139 813
Property Plant Equipment Gross Cost	10 352	11 019	11 894	13 326
Provisions For Liabilities Balance Sheet Subtotal	1 284	1 024	865	506
Purchase Property Plant Equipment		-667	-875	-1 432
Social Security Costs	12 406	19 459	20 382	19 625	22 910
Staff Costs Employee Benefits Expense	123 668	202 893	203 900	198 249	215 625
Taxation Including Deferred Taxation Balance Sheet Subtotal				506	380
Tax Decrease From Utilisation Tax Losses	1 472
Tax Expense Credit Applicable Tax Rate	8 183	-22 628	-41 215	-25 021	-26 564
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit		-67 487	-97 731	-77 513	-73 668
Tax Increase Decrease From Effect Capital Allowances Depreciation	394	290	268	198	378
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	980	136	1 102	322	-235
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward				26 306
Tax Tax Credit On Profit Or Loss On Ordinary Activities	9 050	-68 707	-136 332	-77 871	-73 798
Total Assets Less Current Liabilities	183 142	132 496	51 747	3 717	-62 424
Total Current Tax Expense Credit		-68 447	-136 172	-77 513	-73 672
Total Operating Lease Payments	46 243	64 903	41 256	26 677	24 576
Trade Creditors Trade Payables	8 149	16 869	24 480	17 734	8 157
Trade Debtors Trade Receivables	43 500				33 164
Turnover Revenue	438 630	470 145	313 510	396 773	363 578
Wages Salaries	110 848	180 876	180 889	174 110	187 666

Company staff

Aric W.

Role: Director

Appointed: 20 April 2017

Latest update: 23 January 2024

Jonathan W.

Role: Director

Appointed: 07 February 2017

Latest update: 23 January 2024

People with significant control

Executives who have control over the firm are as follows: Jonathan W. owns over 3/4 of company shares. Aric W. owns over 3/4 of company shares.

Jonathan W.

Notified on 14 June 2017

Nature of control:

over 3/4 of shares

Aric W.

Notified on 6 June 2017

Nature of control:

over 3/4 of shares

Penhallow Company Services Limited

Address: The Linhay, Penhallow Manor Altarnun, Launceston, Cornwall, PL15 7SJ, United Kingdom

Legal authority Companies Act

Legal form Limited Company

Country registered England And Wales

Place registered England And Wales

Registration number 08476361

Notified on 31 January 2017

Ceased on 1 June 2017

Nature of control:

over 3/4 of shares

3/4 to full of voting rights

right to manage directors

Accounts Documents

Account next due date	30 June 2024
Account last made up date	30 September 2022
Confirmation statement next due date	22 January 2024
Confirmation statement last made up date	08 January 2023

Annual Accounts
Start Date For Period Covered By Report	2018-10-01
End Date For Period Covered By Report	2019-09-30
Annual Accounts
Start Date For Period Covered By Report	2019-10-01
End Date For Period Covered By Report	2020-09-30
Annual Accounts
Start Date For Period Covered By Report	2020-10-01
End Date For Period Covered By Report	2021-09-30
Annual Accounts
Start Date For Period Covered By Report	2021-10-01
End Date For Period Covered By Report	2022-09-30

Economist/Strategist in London, posted on Friday 12th May 2017
Region / City	London, London
Industry	Financial sector
Salary	£40000.00 per year
Experience	at least one year
Work hours	Annual hours
Job type	full time
Career level	experienced (non-managerial)
Education level	a Masters degree or a postgraduate certificate or diploma

Xai Asset Management Ltd

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Aric W.

Jonathan W.

Craig E.

People with significant control

Jonathan W.

Aric W.

Penhallow Company Services Limited

Accounts Documents

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Company filings

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