2022-04-012023-03-312023-03-31false13282409XIONG PROPERTY 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XIONG PROPERTY LTD

Registered Number
13282409
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

XIONG PROPERTY LTD
Company Information
for the year from 1 April 2022 to 31 March 2023

Director

ZHOU, Zhu

Registered Address

152-160 City Road
London
EC1V 2NX

Registered Number

13282409 (England and Wales)
XIONG PROPERTY LTD
Statement of Financial Position
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investment property5381,658-
381,658-
Current assets
Debtors-1
Cash at bank and on hand7,128-
7,1281
Creditors amounts falling due within one year6(1,722)-
Net current assets (liabilities)5,4061
Total assets less current liabilities387,0641
Creditors amounts falling due after one year7(383,303)-
Net assets3,7611
Capital and reserves
Called up share capital11
Profit and loss account3,760-
Shareholders' funds3,7611
The financial statements were approved and authorised for issue by the Director on 3 November 2023, and are signed on its behalf by:
ZHOU, Zhu
Director
Registered Company No. 13282409
XIONG PROPERTY LTD
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A, as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
4.Employee information

20232022
Average number of employees during the year00
5.Investment property

£
Additions381,658
At 31 March 23381,658
6.Creditors within one year

2023

2022

££
Trade creditors / trade payables840-
Taxation and social security882-
Total1,722-
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.
7.Creditors after one year

2023

2022

££
Other creditors383,303-
Total383,303-