Registered number
10902193
CENTURY CAPITAL INTERNATIONAL LIMITED
Filleted Accounts
31 August 2023
CENTURY CAPITAL INTERNATIONAL LIMITED
Registered number: 10902193
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 830,796 843,127
Current assets
Debtors 4 125,414 144,228
Cash at bank and in hand 63,769 32,629
189,183 176,857
Creditors: amounts falling due within one year 5 (699,509) (701,492)
Net current liabilities (510,326) (524,635)
Total assets less current liabilities 320,470 318,492
Creditors: amounts falling due after more than one year 6 (196,562) (210,779)
Net assets 123,908 107,713
Capital and reserves
Called up share capital 1 1
Profit and loss account 123,907 107,712
Shareholder's funds 123,908 107,713
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms T T Chow
Director
Approved by the board on 17 April 2024
CENTURY CAPITAL INTERNATIONAL LIMITED
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2022 793,800 128,304 922,104
At 31 August 2023 793,800 128,304 922,104
Depreciation
At 1 September 2022 - 78,977 78,977
Charge for the year - 12,331 12,331
At 31 August 2023 - 91,308 91,308
Net book value
At 31 August 2023 793,800 36,996 830,796
At 31 August 2022 793,800 49,327 843,127
4 Debtors 2023 2022
£ £
Trade debtors - 18,814
Amounts owed by group undertakings and undertakings in which the company has a participating interest 125,414 125,414
125,414 144,228
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 24,120 24,120
Amounts owed to group undertakings and undertakings in which the company has a participating interest 126,527 126,527
Taxation and social security costs 1,792 1,775
Other creditors 547,070 549,070
699,509 701,492
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 190,562 210,779
Other creditors 6,000 -
196,562 210,779
7 Controlling party
The company is 100% owned by its parent company Century Capital International Holding Limited.
8 Other information
CENTURY CAPITAL INTERNATIONAL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
2 Downy Birch
Coventry
CV4 8LL
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