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Company Registration No. 03705198 (England and Wales)
Ying Tian Company Limited Unaudited accounts for the year ended 31 July 2023
Ying Tian Company Limited Unaudited accounts Contents
Page
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Ying Tian Company Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,240,932 
1,241,242 
Current assets
Debtors
1,496 
1,297 
Investments
94,931 
79,778 
Cash at bank and in hand
78,008 
76,751 
174,435 
157,826 
Creditors: amounts falling due within one year
(7,215)
(8,279)
Net current assets
167,220 
149,547 
Total assets less current liabilities
1,408,152 
1,390,789 
Creditors: amounts falling due after more than one year
(444,588)
(444,717)
Provisions for liabilities
Deferred tax
(120,412)
(120,471)
Net assets
843,152 
825,601 
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
512,582 
512,582 
Profit and loss account
330,568 
313,017 
Shareholders' funds
843,152 
825,601 
For the year ending 31 July 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 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 and delivered 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.
The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2023 and were signed on its behalf by
Mrs De Ming Fung Director Company Registration No. 03705198
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Ying Tian Company Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Ying Tian Company Limited is a private company, limited by shares, registered in England and Wales, registration number 03705198. The registered office is 12A Lake Close, London, SW19 7EG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Turnover
Turnover represents the total amount receivable by the company in the ordinary course of business.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset, in accordance with FRS 102. Deferred tax assets and liabilities are not discounted.
Comparative figures
Certain comparative figures have been reclassified to conform to the current year's presentation.
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Ying Tian Company Limited Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
1,240,000 
6,877 
7,381 
1,254,258 
At 31 July 2023
1,240,000 
6,877 
7,381 
1,254,258 
Depreciation
At 1 August 2022
- 
6,717 
6,299 
13,016 
Charge for the year
- 
40 
270 
310 
At 31 July 2023
- 
6,757 
6,569 
13,326 
Net book value
At 31 July 2023
1,240,000 
120 
812 
1,240,932 
At 31 July 2022
1,240,000 
160 
1,082 
1,241,242 
The carrying amount of the land and buildings is a valuation provided by the directors in 2016.
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,496 
1,297 
6
Investments held as current assets
2023 
2022 
£ 
£ 
Listed investments
85,806 
70,653 
Unlisted investments
9,125 
9,125 
94,931 
79,778 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
5,115 
6,299 
Accruals
2,100 
1,980 
7,215 
8,279 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
384,250 
384,250 
Other creditors
60,338 
60,467 
444,588 
444,717 
Included in the creditors amounts falling due after more than one year are loans from directors of £60,338 (2022: £60,466), which are interest-free and no term of repayment have been arranged.
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Ying Tian Company Limited Notes to the Accounts for the year ended 31 July 2023
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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