ZHONGSEN STAR CLOUD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
Zhongsen Star Cloud Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 3 Cranwood Street, London, United Kingdom, EC1V 9PE. The principal place of business is 9 The Parade, Watford, WD17 1LQ. On 7th April 2022, the company changed its name from Zhongsen Star Cloud Investment Limited to Zhongsen Star Cloud Limited.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
In assessing whether the going concern basis remains appropriate for the preparation of the
financial statements, the director has reviewed the Company’s principal and emerging risks, access to funding and liquidity position and the Company's performance up to the date these financial
statements were approved and expected performance over the 12 months following the balance
sheet date.
Based on her assessment, the director is of the conclusion that the company will have, available at
its disposal, adequate resources to continue in operational existence for the foreseeable future. The director has also indicated her willingness to continue providing the company with the necessary
financial support for the foreseeable future and will not seek repayment of amounts owed to her by
the Company until such time as the company can repay her.
While there will always remain an inherent uncertainty, the director has no reason to believe that a
material uncertainty exists that may cast significant doubt about the ability of the company to
continue as a going concern and therefore considers it both appropriate to continue to adopt the
going concern basis in preparing the company's financial statements and to not recognise any
adjustments in the financial statements that would arise if the going concern basis were to
become no longer appropriate.
At the reporting date the company had net liabilities of £37,683. The parent company has indicated
its willingness to provide the company with the necessary working capital for the foreseeable future. On this basis, the director considers it appropriate to adopt the going concern basis of accounting. The financial statements do not include adjustments that would result from the withdrawal of this financial support.
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