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REGISTERED NUMBER: 09355682 (England and Wales)







Financial Statements for the Year Ended 31 December 2022

for

Huachangda UK Ltd

Huachangda UK Ltd (Registered number: 09355682)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Huachangda UK Ltd

Company Information
for the Year Ended 31 December 2022







DIRECTORS: Z Chen
D Li



SECRETARY: L Tao



REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY



REGISTERED NUMBER: 09355682 (England and Wales)



SENIOR STATUTORY AUDITOR: Lisa White FCCA



AUDITORS: Dunkley's
Statutory Auditor
Chartered Accountants
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

Huachangda UK Ltd (Registered number: 09355682)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes $    $    $    $   
FIXED ASSETS
Investments 4 53,987,825 53,987,825

CURRENT ASSETS
Cash at bank 104,562 109,401

CREDITORS
Amounts falling due within one year 5 54,237,540 54,237,540
NET CURRENT LIABILITIES (54,132,978 ) (54,128,139 )
TOTAL ASSETS LESS CURRENT LIABILITIES (145,153 ) (140,314 )

CAPITAL AND RESERVES
Called up share capital 6 151 151
Retained earnings (145,304 ) (140,465 )
SHAREHOLDERS' FUNDS (145,153 ) (140,314 )

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 Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:




D Li - Director



Z Chen - Director


Huachangda UK Ltd (Registered number: 09355682)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Huachangda UK Ltd 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 US Dollar ($).


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.

Preparation of consolidated financial statements
The financial statements contain information about Huachangda UK Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Investments in subsidiaries
Investments in subsidiaries and associates is recognised at historic cost, less impairment and any provision for diminution in value. Any profits or losses on disposal of investments are taken to the profit and loss account. Income from investments is recognised when entitlement to dividends or interest is established.

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.

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.

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

Going concern
The financial statements have been prepared on a going concern basis. The company has net current liabilities.
The company's parent undertaking has confirmed that it will continue to provide such funding as the company may need to meet its financial obligations for the foreseeable future, and for a period of at least 12 months from the date of signing these financial statement.

3. EMPLOYEES AND DIRECTORS

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

Huachangda UK Ltd (Registered number: 09355682)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
$   
COST
At 1 January 2022
and 31 December 2022 53,987,825
NET BOOK VALUE
At 31 December 2022 53,987,825
At 31 December 2021 53,987,825

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
$    $   
Amounts owed to group undertakings 54,237,540 54,237,540

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: $    $   
100 Ordinary £1 151 151

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lisa White FCCA (Senior Statutory Auditor)
for and on behalf of Dunkley's

8. RELATED PARTY DISCLOSURES

The immediate parent which prepares consolidated financial statements is Huachangda Intelligent Equipment Group Co., Ltd (registered in China). Their registered office is No.9, Dongyi Street , Shiyan, Hubei province, China.