Registered number
10388692
Jinlimei Investments Limited
Filleted Accounts
31 January 2023
Jinlimei Investments Limited
Registered number: 10388692
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £ £ £
Fixed assets
Tangible assets 3 723,403 738,795
Current assets
Debtors 4 236,966 244,363
Cash at bank and in hand 11,136 32,329
248,102 276,692
Creditors: amounts falling due within one year 5 (467,611) (506,464)
Net current liabilities (219,509) (229,772)
Total assets less current liabilities 503,894 509,023
Creditors: amounts falling due after more than one year 6 (570,068) (584,957)
Net liabilities (66,174) (75,934)
Capital and reserves
Called up share capital 100 100
Profit and loss account (66,274) (76,034)
Shareholder's funds (66,174) (75,934)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms Meiyun Wu
Director
Approved by the board on 17 October 2023
Jinlimei Investments Limited
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the letting of own properties.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Investment properties
Investment property is initially recognised at cost and then subsequently measured at fair value. Changes in value are recognised in profit or loss.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 February 2022 769,579
At 31 January 2023 769,579
Depreciation
At 1 February 2022 30,784
Charge for the year 15,392
At 31 January 2023 46,176
Net book value
At 31 January 2023 723,403
At 31 January 2022 738,795
4 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 221,966 226,706
Other debtors 15,000 17,657
236,966 244,363
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 13,745 14,113
Amounts owed to group undertakings and undertakings in which the company has a participating interest 401,650 442,700
Other creditors 52,216 49,651
467,611 506,464
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 570,068 584,957
7 Related party transactions
Included within amounts owed to group undertakings are £274,100 (2022 - £274,100) due to Shuang Yun Building Contractor Ltd and £127,550 (2022 - £168,600) due to Aomei Developments Ltd. Included within amounts owed by group undertakings are £221,216 (2022 - £226,956) due from Hongeran Properties Ltd and £750 (2022 - £750) due from Young Deere Development Ltd. Aomei Developments Limited, Jinlimei Investments Limited and Young Deere Development Ltd are wholly-owned subsidiaries of Hongeran Properties Limited, which is owned by Shuang Yun Building Contractor Limited.
Included within other creditors are £32,275 (2022 - £32,000) due to the participators.
8 Controlling party
Hongeran Properties Ltd, controls the company by virtue of a controlling of 100% of the issued ordinary share capital and its registered office is:
1st Floor, 267 High Road
Leyton
London
E10 5QN
9 Other information
Jinlimei Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
1st Floor, 267 High Road
Leyton
London
E10 5QN
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