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REGISTERED NUMBER: 08599827 (England and Wales)















CHINA KNOT LIMITED

Financial Statements

for the Year Ended 31 March 2022






CHINA KNOT LIMITED (REGISTERED NUMBER: 08599827)

Contents of the Financial Statements
for the year ended 31 March 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHINA KNOT LIMITED

Company Information
for the year ended 31 March 2022







Director: S Tan





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 08599827 (England and Wales)






CHINA KNOT LIMITED (REGISTERED NUMBER: 08599827)

Balance Sheet
31 March 2022

2022 2021
Notes £ £
Current assets
Debtors 4 12,470 -
Cash at bank 20,467 38,896
32,937 38,896
Creditors
Amounts falling due within one year 5 8,961 14,699
Net current assets 23,976 24,197
Total assets less current liabilities 23,976 24,197

Creditors
Amounts falling due after more than one
year

6

23,425

27,000
Net assets/(liabilities) 551 (2,803 )

Capital and reserves
Called up share capital 7 100 100
Retained earnings 8 451 (2,903 )
Shareholders' funds 551 (2,803 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 August 2022 and were signed by:





S Tan - Director


CHINA KNOT LIMITED (REGISTERED NUMBER: 08599827)

Notes to the Financial Statements
for the year ended 31 March 2022


1. Statutory information

China Knot Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents amounts receivable for services provided in the year and is stated net of VAT.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The director acknowledges the current outbreak of COVID-19 which is causing economic disruption in most countries and its potentially adverse economic impact on the Company. This is an additional risk factor which could impact the operations of the Company after year end.

The director is actively monitoring developments closely. Given the nature of the outbreak and the on-going developments, there is a high degree of uncertainty and it is not possible at this time to predict the extent and nature of the overall future impact on the Company.

3. Employees and directors

The average number of employees during the year was 2 (2021 - 2 ) .

4. Debtors: amounts falling due within one year
2022 2021
£ £
Other debtors 12,470 -

5. Creditors: amounts falling due within one year
2022 2021
£ £
Bank loans and overdrafts 3,000 3,000
Tax 2,901 6,918
VAT 3,060 905
Directors' current accounts - 3,876
8,961 14,699

CHINA KNOT LIMITED (REGISTERED NUMBER: 08599827)

Notes to the Financial Statements - continued
for the year ended 31 March 2022


6. Creditors: amounts falling due after more than one year
2022 2021
£ £
Bank loans - 1-2 years 3,000 3,000
Bank loans - 2-5 years 9,000 9,000
Bank loans more 5 yr by instal 11,425 15,000
23,425 27,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,425 15,000

7. Called up share capital


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £ £
100 Ordinary 1 100 100

8. Reserves
Retained
earnings
£

At 1 April 2021 (2,903 )
Profit for the year 10,854
Dividends (7,500 )
At 31 March 2022 451