Cnuc(UK) Mining Co. Ltd
Cnuc(UK) Mining Co. Ltd
Registered number: 02996686
Financial Statements
For The Year Ended
31 December 2021
CEJR
Cnuc(UK) Mining Co. Ltd
Financial Statements
For The Year Ended
31 December 2021
Financial Statements
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| Page | |
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| Balance Sheet | 1 |
| Notes to the Financial Statements | 2—4 |
Cnuc(UK) Mining Co. Ltd
Balance Sheet
As at
31 December 2021
Balance Sheet
Registered number:
02996686
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
| 2021 | 2020 | ||||
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| Notes | $ | $ | $ | $ | |
| CURRENT ASSETS | |||||
| Debtors | 3 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS/(LIABILITIES) |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 5 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 16,568 | (29,432) | |||
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Director
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The notes on pages 2 to 4 form part of these financial statements.
Cnuc(UK) Mining Co. Ltd
Notes to the Financial Statements
For The Year Ended
31 December 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continuing support of the company's directors and shareholders.
1.3.
Foreign Currencies
Foreign currency translation
(a) Functional and presentational currency
Items included in the financial statements of the Company are measured using the currency of the primary
economic environment in which the company operates ("the functional currency"). These financial statements
are presented in US Dollars ($), which is the Company's functional and presentation currency.
(b) Transactions and balances
Transactions denominated in other currencies are converted to the functional currency at the exchange rate at the
date of transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at year -
end exchange rates. Non - monetary items measured at historical cost are translated using the exchange rate at
the date of the transaction and non - monetary items measured at fair value are translated using the exchange
rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period - end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income
1.4.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
1.5.
Revenue recognition
Fees and charges are measured at the fair value of amounts received, They are included within the financial statements of the financial year in which the service is delivered. Income is recognised net of any refunds for transactions that are not completed, or on transactions where erroneous information is provided by customers.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2020: NIL)
Cnuc(UK) Mining Co. Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 December 2021
3.
Debtors
| 2021 | 2020 | ||
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| $ | $ | ||
| Due within one year | |||
| Trade debtors |
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4.
Creditors: Amounts Falling Due Within One Year
| 2021 | 2020 | ||
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| $ | $ | ||
| Trade creditors |
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| Accruals and deferred income |
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6.
Post Balance Sheet Events
The Covid 19 global pandemic and subsequent intervention from governments worldwide has resulted in a high level of uncertainty and volatility. The outcome of these events is at the time of signing these financial statements unknown and as such the financial impact to revenue and demand cannot be estimated.
7.
FRC Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
8.
Ultimate Controlling Party
The company's ultimate controlling party is State-owned Assets Supervision and Administration Commission of the State Council , Peoples Republic of China by virtue of his ownership of 100% of the issued share capital in the company. which is the present undertaking of the smallest and largest group to consolidate these financial statement. Copies of the State-owned Assets Supervision and Administration Commission of the State Council , Peoples Republic of China consolidated financial statement can be obtained from the registered office at 26 Xuanwumen West Street, Beijing, China, 100053.
9.
Audit Information
The auditors report on the account of Cnuc(UK) Mining Co. Ltd for the year ended 31 December 2021 was unqualified
The auditor's report was signed by
Matthew Brown
(Senior Statutory Auditor)
for and on behalf of
Cartwrights
, Statutory Auditor
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Chartered Accountants and Business Advisors
Statutory Auditor
Regency House
33 Wood Street, Barnet, Hertfordshire
EN5 4BE
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Cnuc(UK) Mining Co. Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 December 2021
10.
General Information
Cnuc(UK) Mining Co. Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
02996686
. The registered office is 113 Gloucester Place, Fly, London, W1U 6JR.