XINGZHOU (UK) LIMITED

XINGZHOU (UK) LIMITED

XINGZHOU (UK) LIMITED - Company Information

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XINGZHOU (UK) LIMITED

Company Registration Number:
09611109 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2021

Period of accounts

Start date: 01 July 2020

End date: 30 June 2021

XINGZHOU (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2021

Balance sheet
Notes

XINGZHOU (UK) LIMITED

Balance sheet

As at 30 June 2021


Notes
2021
2020


£
£
Fixed assets
Investments: 3 13,278,362 13,278,362
Total fixed assets: 13,278,362 13,278,362
Current assets
Cash at bank and in hand: 55,291 80,581
Total current assets: 55,291 80,581
Creditors: amounts falling due within one year: 4 (11,622) (11,621)
Net current assets (liabilities): 43,669 68,960
Total assets less current liabilities: 13,322,031 13,347,322
Creditors: amounts falling due after more than one year: 5 (15,585,533) (16,313,710)
Total net assets (liabilities): (2,263,502) (2,966,388)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (2,263,503) (2,966,389)
Shareholders funds: (2,263,502) (2,966,388)

The notes form part of these financial statements

XINGZHOU (UK) LIMITED

Balance sheet statements

For the year ending 30 June 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 March 2022
and signed on behalf of the board by:

Name: Deborah Jane TAYLOR
Status: Director

The notes form part of these financial statements

XINGZHOU (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Other accounting policies

Foreign currency translation:Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

XINGZHOU (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2021

2. Employees

2021 2020
Average number of employees during the period 0 0

XINGZHOU (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2021

3. Fixed investments

Interests in subsidiary is in foreign currency Euro and are measured at a cost converted from Euro into pounds. Investment is a non-monetary and measured at historical cost of transaction. At the end of the reporting period, investments are translated in to pounds at the rate ruling at the date of the transaction.

XINGZHOU (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2021

4. Creditors: amounts falling due within one year note

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

XINGZHOU (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2021

5. Creditors: amounts falling due after more than one year note

Long term creditors include loan and accumulated interest. Loan is a monetary item which is translated at the closing rate of exchange. All differences are charged to profit and loss.