China's Republic of People Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07518959 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2015

for

China's Republic of People Limited

Page

Company Information

1

Report of the Accountants

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

E China

Mrs I C H China

REGISTERED OFFICE:

Unit 31

Basepoint Business Centre

1 Winnall Valley Road

Winchester

Hampshire

SO23 0LD

REGISTERED NUMBER:

07518959 (England and Wales)

ACCOUNTANTS:

Poolemead Accountants (Winchester) Ltd

31 Basepoint Business Centre

1 Winnall Valley Road

Winchester

Hampshire

SO23 0LD

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements, from which the unaudited abbreviated

accounts (set out on pages three to seven) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2015 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Poolemead Accountants (Winchester) Ltd

31 Basepoint Business Centre

1 Winnall Valley Road

Winchester

Hampshire

SO23 0LD

27 July 2016

FIXED ASSETS

Tangible assets

2

84,127

1,860

Investments

3

200

-

84,327

1,860

CURRENT ASSETS

Debtors

4

405,299

517,147

Cash at bank

30,964

10,768

436,263

527,915

CREDITORS

Amounts falling due within one year

160,888

102,313

NET CURRENT ASSETS

275,375

425,602

TOTAL ASSETS LESS CURRENT
LIABILITIES

359,702

427,462

CREDITORS

Amounts falling due after more than
one year

(30,110

)

-

ACCRUALS AND DEFERRED INCOME

(4,250

)

(2,750

)

NET ASSETS

325,342

424,712

CAPITAL AND RESERVES

Called up share capital

5

2

Profit and loss account

325,340

424,710

SHAREHOLDERS' FUNDS

325,342

424,712

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of each financial year and of its profit or loss for each financial year in
accordance with the requirements of Sections 394 and 395 and which otherwise comply with
the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 July 2016 and were
signed on its behalf by:

E China - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the

company qualifies as a small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Depreciation is charged in the year of purchase but not in the year of disposal.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

2,790

Reclassification/transfer

284,549

At 31 October 2015

287,339

DEPRECIATION

At 1 November 2014

930

Charge for year

930

Reclassification/transfer

201,352

At 31 October 2015

203,212

NET BOOK VALUE

At 31 October 2015

84,127

At 31 October 2014

1,860

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

205

Impairments

(5

)

At 31 October 2015

200

NET BOOK VALUE

At 31 October 2015

200

The company's investments at the Balance Sheet date in the share capital of companies

include the following:

Cummfy Banana Ltd

Nature of business: Manufacture and hire of specialist vehicles

%

Class of shares:

holding

0rdinary shares of £1

100.00

31.10.15

31.10.14

£

Aggregate capital and reserves

(362,198

)

(126,757

)

Loss for the year

(235,441

)

(129,196

)

Grease Junkie Garage Ltd

Nature of business: Maintenance and repair of motor vehicles

%

Class of shares:

holding

Ordinary shares of £1

100.00

31.10.15

31.10.14

£

Aggregate capital and reserves

(501,960

)

(464,215

)

Loss for the year

(37,743

)

(130,018

)

Subsequent to the year end the subsidiary was put into liquidation and full provision made

for the amounts due from the subsidiary. The amount provided was £427,275.

GreaseJunkie.Com Ltd

Nature of business: Internet reseller of Edd China endorsed products

%

Class of shares:

holding

Ordinary shares of £1

100.00

31.10.15

£

Aggregate capital and reserves

31

Profit for the year

69

Grease Junkie Products ltd

Nature of business: Dormant

%

Class of shares:

holding

Ordinary shares of £1

100.00

31.10.15

£

Aggregate capital and reserves

100

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 362,198 (31.10.14 -

£ 514,747 )

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.15

31.10.14

value:

£

2

Ordinary shares of £1

£1

2

6.	POST BALANCE SHEET EVENTS

Subsequent to the year end, a trading subsidiary of the company, Grease Junkie Garage Ltd

was put into liquidation. Provision has been made in the year in full for all amounts owed to

the company by the subsidiary.