Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28false2022-03-01No description of principal activity31truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12487287 2022-03-01 2023-02-28 12487287 2021-03-01 2022-02-28 12487287 2023-02-28 12487287 2022-02-28 12487287 c:Director1 2022-03-01 2023-02-28 12487287 d:OfficeEquipment 2022-03-01 2023-02-28 12487287 d:OfficeEquipment 2023-02-28 12487287 d:OfficeEquipment 2022-02-28 12487287 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 12487287 d:CurrentFinancialInstruments 2023-02-28 12487287 d:CurrentFinancialInstruments 2022-02-28 12487287 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 12487287 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 12487287 d:ShareCapital 2023-02-28 12487287 d:ShareCapital 2022-02-28 12487287 d:RetainedEarningsAccumulatedLosses 2023-02-28 12487287 d:RetainedEarningsAccumulatedLosses 2022-02-28 12487287 c:OrdinaryShareClass1 2022-03-01 2023-02-28 12487287 c:OrdinaryShareClass1 2023-02-28 12487287 c:FRS102 2022-03-01 2023-02-28 12487287 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 12487287 c:FullAccounts 2022-03-01 2023-02-28 12487287 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12487287









ZHONGSEN STAR CLOUD LIMITED 
(FORMERLY ZHONGSEN STAR CLOUD INVESTMENT LIMITED)







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
ZHONGSEN STAR CLOUD LIMITED
REGISTERED NUMBER: 12487287

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
100
-

  
100
-

Current assets
  

Stocks
 5 
2,986
-

Debtors: amounts falling due within one year
 6 
6,235
2,514

Cash at bank and in hand
 7 
5,609
2,027

  
14,830
4,541

Creditors: amounts falling due within one year
 8 
(52,613)
(46,276)

Net current liabilities
  
 
 
(37,783)
 
 
(41,735)

Total assets less current liabilities
  
(37,683)
(41,735)

  

Net liabilities
  
(37,683)
(41,735)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(37,783)
(41,835)

  
(37,683)
(41,735)


Page 1

 
ZHONGSEN STAR CLOUD LIMITED
REGISTERED NUMBER: 12487287
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 October 2023.




Kun Liu
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ZHONGSEN STAR CLOUD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

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

 
2.1

Basis of preparation of financial statements

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:

 
2.2

Going concern


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.

Page 3

 
ZHONGSEN STAR CLOUD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
straight line over 3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
ZHONGSEN STAR CLOUD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including director, during the year was 3 (2022 - 1).

Page 5

 
ZHONGSEN STAR CLOUD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
131



At 28 February 2023

131



Depreciation


Charge for the year on owned assets
31



At 28 February 2023

31



Net book value



At 28 February 2023
100



At 28 February 2022
-


5.


Stocks

2023
2022
£
£

Stock
2,986
-

2,986
-



6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
2,940
-

Other debtors
2,506
2,505

Prepayments and accrued income
789
9

6,235
2,514


Page 6

 
ZHONGSEN STAR CLOUD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
5,609
2,027

5,609
2,027



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
268
-

Other creditors
47,345
41,776

Accruals and deferred income
5,000
4,500

52,613
46,276



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100



10.


Related party transactions

At the balance sheet date, the Company owed £2,899 (2022: £166) to the director, Kun Liu and £43,497 (2022: £41,507) to the parent company. There were no other related party transactions and/or period end balances to report in accordance with the UK Companies Act 2006 and Section 1A of Financial Reporting Standard 102 as part of these financial statements.


11.


Controlling party

The ultimate parent undertaking is Zhongsen Star Cloud (BeiJing) Investment Co., Ltd. The address of its registered office is No. 1, 58 Building Xidian Village, GaoBeiDian, ChaoYang District, BeiJing, China. The ultimate controlling party is Mr Xing Xing.
 
Page 7