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REGISTERED NUMBER: 10562508 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

FOR

SINDA CORPORATION UK LIMITED

SINDA CORPORATION UK LIMITED (REGISTERED NUMBER: 10562508)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SINDA CORPORATION UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2022







Director: Mr Hongbin Chen





Registered office: 124 City Road
London
EC1V 2NX





Registered number: 10562508 (England and Wales)





Accountants: Vistra Trust Company Limited
First Floor, Templeback
10 Temple back
Bristol
BS1 6FL

SINDA CORPORATION UK LIMITED (REGISTERED NUMBER: 10562508)

BALANCE SHEET
31 JANUARY 2022

31.1.22 31.1.21
Notes £    £   
FIXED ASSETS
Tangible assets 4 9,746 5,902

CURRENT ASSETS
Debtors 5 11,661 2,735
Cash at bank and in hand 32,143 46,227
43,804 48,962
CREDITORS
Amounts falling due within one year 6 (26,045 ) (51,191 )
NET CURRENT ASSETS/(LIABILITIES) 17,759 (2,229 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,505

3,673

CREDITORS
Amounts falling due after more than one year 7 (23,509 ) (26,059 )
NET ASSETS/(LIABILITIES) 3,996 (22,386 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,896 (22,486 )
3,996 (22,386 )

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

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

The director acknowledges his 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 14 September 2022 and were signed by:





Mr Hongbin Chen - Director


SINDA CORPORATION UK LIMITED (REGISTERED NUMBER: 10562508)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

1. STATUTORY INFORMATION

Sinda Corporation UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

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 - 25% on cost

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


SINDA CORPORATION UK LIMITED (REGISTERED NUMBER: 10562508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Other income
Other operating income represents grants received under Coronavirus Job Retention Scheme. The grants are recognised at fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 February 2021 7,229
Additions 6,558
At 31 January 2022 13,787
Depreciation
At 1 February 2021 1,327
Charge for year 2,714
At 31 January 2022 4,041
Net book value
At 31 January 2022 9,746
At 31 January 2021 5,902

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Social security and other tax 1,050 -
VAT 146 264
Prepayments 10,465 2,471
11,661 2,735

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Bank loans and overdrafts 4,612 2,857
Amounts owed to group undertakings 6,000 6,000
Social security and other taxes - 4,808
Loan 2 2,739 1,826
Wages control account 2,120 2,120
Directors' loan accounts 9,274 22,163
Accrued expenses 1,300 11,417
26,045 51,191

SINDA CORPORATION UK LIMITED (REGISTERED NUMBER: 10562508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Included within other creditors due within one year is a bank loan of £2,739 (2021 £1,826). This amount represents the amount due within one year and is a part of the loan, which is unsecured, at 2.5% annual interest rate and repayable in 10 years.

Directors' loan of £9,274 (2021 £22,163) is unsecured, interest free and repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.22 31.1.21
£    £   
Loan 1 3,445 3,235
Loan 2 20,064 22,824
23,509 26,059

Included within creditors more than one year are two loans.

Loan from Sinda Asia Ltd. of £3,000 (2021 £3,000) plus accrued interest is unsecured, at 7% annual interest rate and repayable by 14th January 2022.

Bank loan of £20,064 (2021 £22,824) represents the amount due within more than one year and is a part of the loan, which is unsecured, at 2.5% annual interest rate and repayable in 10 years.

8. ULTIMATE CONTROLLING PARTY

The ultimate parent company.is Sinda Poland Corporation.