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REGISTERED NUMBER: SC565243 (Scotland)



















BEIJING SIGHTHILL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2023






BEIJING SIGHTHILL LTD (REGISTERED NUMBER: SC565243)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEIJING SIGHTHILL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: Ms Caiyun Lei





REGISTERED OFFICE: 9 Royal Crescent
Glasgow
G3 7SP





REGISTERED NUMBER: SC565243 (Scotland)





ACCOUNTANTS: Whitelaw Wells
Chartered Accountants
9 Royal Crescent
Glasgow
G3 7SP

BEIJING SIGHTHILL LTD (REGISTERED NUMBER: SC565243)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 14,725 13,658

CURRENT ASSETS
Inventories 6,250 5,500
Debtors 5 33,759 27,315
Cash at bank and in hand 83,833 226,464
123,842 259,279
CREDITORS
Amounts falling due within one year 6 157,535 157,144
NET CURRENT (LIABILITIES)/ASSETS (33,693 ) 102,135
TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,968

)

115,793

CREDITORS
Amounts falling due after more than one
year

7

(27,594

)

(37,632

)

PROVISIONS FOR LIABILITIES (3,682 ) (3,415 )
NET (LIABILITIES)/ASSETS (50,244 ) 74,746

CAPITAL AND RESERVES
Called up share capital 2,200 2,200
Retained earnings (52,444 ) 72,546
(50,244 ) 74,746

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BEIJING SIGHTHILL LTD (REGISTERED NUMBER: SC565243)

BALANCE SHEET - continued
31 MAY 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 February 2024 and were signed by:





Ms Caiyun Lei - Director


BEIJING SIGHTHILL LTD (REGISTERED NUMBER: SC565243)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Beijing Sighthill Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover and revenue recognition
The turnover shown in the profit and loss account represents the value of sales during the year, exclusive of Value Added Tax. A sale is recognised at the point where a meal is served or handed over to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment and Fittings - 15% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Basic financial instruments
Basic financial instruments such as cash, debtors and creditors are measured at transaction price. Financial liabilities classified as payable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

BEIJING SIGHTHILL LTD (REGISTERED NUMBER: SC565243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company contributes to the individual personal pensions of its employees. Contributions payable are charged to the accounts in the period to which they relate.

Going concern
The financial statements have been prepared on the going concern basis which assumes the company will continue to operate for the foreseeable future. In order to do so the company will require the continued support of its directors and creditors. The director has indicated they will continue to support the company for the foreseeable future and are confident of the continued support of the creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2022 - 29 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Equipment
and
Fittings
£   
COST
At 1 June 2022 23,254
Additions 4,970
At 31 May 2023 28,224
DEPRECIATION
At 1 June 2022 9,596
Charge for year 3,903
At 31 May 2023 13,499
NET BOOK VALUE
At 31 May 2023 14,725
At 31 May 2022 13,658

BEIJING SIGHTHILL LTD (REGISTERED NUMBER: SC565243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Loans to shareholders - 4,750
Credit card debtors 4,119 16,905
Tax recoverable - 493
Prepayments 29,640 5,167
33,759 27,315

Loans to shareholders are interest free and repayable on demand.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 9,958 10,003
Trade creditors 20,087 29,931
Corporation Tax 37,449 57,173
Social security and other taxes 861 1,565
VAT 68,055 45,237
Accrued expenses 21,125 13,235
157,535 157,144

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 27,594 37,632

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 9,958 10,003

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,168 9,994

Amounts falling due between two and five years:
Bank loans - 2-5 years 17,426 27,638