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REGISTERED NUMBER: 09936074 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

China Investors Club Limited

China Investors Club Limited (Registered number: 09936074)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


China Investors Club Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr William George Franklin





REGISTERED OFFICE: c/o Sterling Partners
Units 15 & 16
7 Wenlock Road
London
N1 7SL





REGISTERED NUMBER: 09936074 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

China Investors Club Limited (Registered number: 09936074)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,510 2,186

CURRENT ASSETS
Debtors 5 11,080 1,190
Cash at bank 5,318 82,116
16,398 83,306
CREDITORS
Amounts falling due within one year 6 7,525 31,919
NET CURRENT ASSETS 8,873 51,387
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,383

53,573

CREDITORS
Amounts falling due after more than one year 7 (174,094 ) (99,985 )

PROVISIONS FOR LIABILITIES (287 ) (415 )
NET LIABILITIES (163,998 ) (46,827 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (164,998 ) (47,827 )
(163,998 ) (46,827 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

China Investors Club Limited (Registered number: 09936074)

Balance Sheet - continued
30 June 2023


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 16 October 2023 and were signed by:





Mr William George Franklin - Director


China Investors Club Limited (Registered number: 09936074)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

China Investors Club 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.

At 30th June 2023, the company had total net liabilities of £163,998 (2022 - £46,827). The company relies on the loan funding provided by its investors. The director is of the opinion that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of support by its investors.

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 - 33% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

China Investors Club Limited (Registered number: 09936074)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 302 5,891 6,193
DEPRECIATION
At 1 July 2022 63 3,944 4,007
Charge for year 27 649 676
At 30 June 2023 90 4,593 4,683
NET BOOK VALUE
At 30 June 2023 212 1,298 1,510
At 30 June 2022 239 1,947 2,186

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 9,735 585
VAT 421 605
Prepayments 924 -
11,080 1,190

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,618 12
Accrued expenses 1,907 1,907
Deferred income - 30,000
7,525 31,919

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Directors' loan accounts 174,094 99,985

China Investors Club Limited (Registered number: 09936074)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Mr William George Franklin
Balance outstanding at start of year (99,985 ) (82,593 )
Amounts advanced 12,610 104,959
Amounts repaid (86,719 ) (122,351 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (174,094 ) (99,985 )

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr William George Franklin.