2022-04-012023-03-312023-03-31false09912603SINOLINK PROPERTIES 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SINOLINK PROPERTIES LIMITED

Registered Number
09912603
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

SINOLINK PROPERTIES LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Director

DONG, Ming Ming

Registered Address

16 Station Approach
Virginia Water
GU25 4DW

Registered Number

09912603 (England and Wales)
SINOLINK PROPERTIES LIMITED
Statement of Financial Position
31 March 2023

Notes

2023

2022

£

£

£

£

Current assets
Debtors1,0004,257
Cash at bank and on hand335,530349,400
336,530353,657
Creditors amounts falling due within one year3(712,765)(712,439)
Net current assets (liabilities)(376,235)(358,782)
Total assets less current liabilities(376,235)(358,782)
Creditors amounts falling due after one year4(27,946)(38,057)
Net assets(404,181)(396,839)
Capital and reserves
Called up share capital11
Profit and loss account(404,182)(396,840)
Shareholders' funds(404,181)(396,839)
The financial statements were approved and authorised for issue by the Director on 15 April 2024, and are signed on its behalf by:
DONG, Ming Ming
Director
Registered Company No. 09912603
SINOLINK PROPERTIES LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Accounting policies
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.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Foreign currency translation
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.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

20232022
Average number of employees during the year01
3.Creditors: amounts due within one year

2023

2022

££
Bank borrowings and overdrafts10,12610,140
Amounts owed to related parties699,298699,298
Other creditors11
Accrued liabilities and deferred income3,3403,000
Total712,765712,439
4.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts27,94638,057
Total27,94638,057
5.Related party transactions
Included within other creditors as at 31 March 2023 is an amount of £699,298 (2022 - £699,298) which is owed to Sinolink Limited, a company in which Ms M Dong is a director and shareholder.
6.Controlling party
The ultimate controlling party of the company is Sinolink Limited by virtue of their 100% shareholding in the company.