Is there any other record label on earth that can make music enthusiasts salivate like dogs at even the faintest whiff of a new release like XL can? For all the gush and flagellation it's hard to be sceptical when the hit rate is so high. Over the years the label have birthed so many ground-breaking and innovative records from the likes of FKA Twigs, M.I.A., Dizzee Rascal, Radiohead, to name but a few, as well as a couple of fairly popular albums by a singer from London named Adele, it would be obtuse to question the label's cultural significance. The back catalogue speaks for itself. It would be harder still to turn down an invitation to yesterday's showcase to find out what's coming next from the indie behemoths.

I had a few questions going in. Is it true Radiohead are writing the soundtrack to Bridget Jones 3? Was Jai Paul just a hologram invented by bored XL interns? Is the QT drink just a very well-marketed can of cat piss? Sadly none of these 'rumours' could be confirmed despite my best efforts to spy on people in-the-know by standing awkwardly close to them like a desperate London Diary hack with no conception of personal space.

There were in fact only a few clues to what the label will be serving up later in the year. The most notable being a preview of three new tracks from the forthcoming FKA Twigs EP on Young Turks. Projected on to the white walls of the cavernous Sorting Office venue in central London, we were treated to three equally bat-shit crazy videos from the alien-pixie-dancer-wonderkid. It was the second video that got the biggest 'WTF!?!' reaction in the room as it featured Twigs' head being super-imposed on a life-sized sex doll, deflated, draped on a bed, all the while singing "Dress me up, love me rough, I'm your doll, I'm your doll" to a man who you would definitely not want to have sex with under any circumstances. Like most of her work, it's going to take more than one viewing to digest but fans won't be disappointed. She's clearly lost none of her bite for gritty visual aesthetics.

The other big announcement was the return of the XL Recording Chapters series. Back when the label was a primarily a home for house, hardcore and breakbeat artists, they released five compilations of tunes (Aving It Large!). Given the label hasn't released any music like this in recent years this could be an interesting foray back to the label's raving roots. The Sixth Chapter, as it is known, will be released later in the year.

Elsewhere there was a playback of Jamie xx's bombastic 'I Know There's Gonna Be (Good Times)' featuring Young Thug and Popcaan which is bound to be a summer anthem when the album drops on 1 June. There was also a sneak peak of the 250 limited edition vinyl from label owner Richard Russell's latest project RLR featuring Lee Scratch Perry. Those of you wishing to buy one will be disappointed however as they can only be procured by making something in return. Rumour has it he would like replicas of all the trophies Adele won because she wouldn't let him have any. She's so selfish like that.

As for live entertainment, there were three excellent performances from the labels' youngest stars. First up was teenage Liverpudlian Låpsley who takes the minimalist MO from label mates The xx into stark, anguished territory. French-Cuban twins Ibeyi offered up some Yuruban-styled pop from their debut album with a tasty cover of Jay Electronica's 'Better In Tune With The Infinite' thrown in for good measure. It was left to Shamir to close the show. Revealing himself on a hidden stage at the back, he pranced through highlights from his technicolour electro-pop debut Ratchet, released this week (18 May). He also got an opportunity to practice those comedy skills he was telling us about the other day for which I am now aware of the phrase 'eating the devil's ass hole'. Lovely stuff.