2022-02-01 2023-01-31 13129616 LING WAI LTD false 13129616 2022-02-01 2023-01-31 13129616 uk-bus:Director1 2022-02-01 2023-01-31 13129616 uk-bus:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 13129616 uk-bus:SmallEntities 2022-02-01 2023-01-31 13129616 uk-bus:FullAccounts 2022-02-01 2023-01-31 13129616 uk-bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 13129616 2022-02-01 13129616 2023-01-31 13129616 2022-01-31 xbrli:pure iso4217:GBP 13129616 2021-02-01 2022-01-31
Company Registration Number : 13129616 (England and Wales)
13129616
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-01-31
false
LING WAI LTD
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-02-01
LING WAI LTD
Unaudited filleted financial statements
For the year ended 31 January 2023
LING WAI LTD
Contents
For the year ended 31 January 2023

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


LING WAI LTD
Company Information
For the year ended 31 January 2023

Company registration number 13129616 (England and Wales)
Director Mei Po Tsang
Registered office address 59 Rookery Way
London
England
NW9 6GB
Accountant DNS Associates
Chartered Institute of Management Accountants
382 Kenton Road
Harrow, Middlesex
HA3 8DP
LING WAI LTD
Statement of Financial Position
For the year ended 31 January 2023

2023 2022
Notes £ £
Fixed assets
Property, plant and equipment 622 932
Investment Property 300,000 320,000
6 300,622 320,932
Current assets
Debtors 1,615 1,662
Debtors: Amounts falling due after more than one year 1,710 -
Cash and cash equivalents 139,717 33
143,042 1,695
Current liabilities
Creditors: Amounts falling due within one year (248,777) (311,777)
Corporation tax payable (1,175) -
(249,952) (311,777)
Net current (liabilities)/assets (106,909) (310,081)
Total assets less current liabilities 193,712 10,851
Non-current liabilities
Creditors: Amounts falling due after more than one year (195,000) -
Provision for liabilities - (2,090)
Net (liabilities)/assets (1,288) 8,761
Capital and reserves
Called up share capital 1 2
Retained earnings (1,289) 8,759
Shareholders' funds (1,288) 8,761
For the year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 23 October 2023
.............................
Mei Po TSANG (Director)
Company registration number: 13129616
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-01-31 31 January 2023
2023 2022
£ £
Fixed Assets 300,622 320,932
Current Assets 141,332 1,648
Prepayments and accrued income 0 47
Creditors: amounts falling due within one year (249,952) (311,777)
Net current assets (liabilities) (108,619) (310,081)
Total assets less current liabilities 192,002 10,851
CREDITORS: Amounts falling due more than one year (195,000) 0
Provisions for liabilities 0 (2,090)
Net Assets (liabilities) (1,288) 8,761
Capital and Reserves (1,288) 8,761
For the year ending 1/31/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 31-01-2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 23 October 2023 2023-10-23 and signed on behalf of the board,
.............................
Mei Po TSANG
Director
Company registration number: 13129616
LING WAI LTD
Notes to the Financial Statements
For the year ended 31 January 2023

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 59 Rookery Way, London, England, NW9 6GB.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Rental income
Rental income from operating leases are recognised on a straight-line basis over the term of the relevant lease. Rental Income is included within other income from fixed assets.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment25% straight line
Motor Cars
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Investment Properties
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognized in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an ongoing basis.

(4) Employees
During the year, the average number of employees including director was 0 (2022 : 0).

(5) Investment Properties
These financial statements for the year ended 31 January 2023 are the financial statements of the company prepared in accordance with FRS 102 1a "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The property is being measured at a fair value under FRS 102 1a and there are fair value loss of £20,000 accounted during the year, and deferred tax of £3,800 accounted upon it.

(6) Fixed assets
Tangible

£
Investments
Property
£
Totals

£
Cost
As at 01 February 20221,243320,000321,243
Revaluation-(20,000)(20,000)
As at 31 January 20231,243300,000301,243
Depreciation/Amortisation
As at 01 February 2022311-311
For the year311-311
As at 31 January 2023622-622
Net book value
As at 31 January 2023621300,000300,621
As at 31 January 2022932320,000320,932

(7) Creditors > 1 year (Mortgage Loans)
The mortgage loan is secured on the property under this loan (Hampshire Trust Bank Mortgage > 1 Yrs : £195,000)

(8) Other Creditors
Other creditors includes the shareholder's available balance at the end of the current reporting period amounting to £237,950, which represent deposited fund brought forward from last year against purchase of Investment property.