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REGISTERED NUMBER: 09286878 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

BRITCHAM SHANGHAI LTD

BRITCHAM SHANGHAI LTD (REGISTERED NUMBER: 09286878)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BRITCHAM SHANGHAI LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







Directors: Ms R P Hawes
Mr B M Kelly
Mr A E Roberts





Secretary: Ms R P Hawes





Registered office: Suite 1, 7th Floor
50 Broadway London
London
SW1H 0BL





Registered number: 09286878 (England and Wales)





Accountants: Vistra Trust Company Limited
First Floor, Templeback
10 Temple back
Bristol
BS1 6FL

BRITCHAM SHANGHAI LTD (REGISTERED NUMBER: 09286878)

BALANCE SHEET
31 OCTOBER 2023

31/10/23 31/10/22
Notes £    £   
FIXED ASSETS
Investments 4 - -

CURRENT ASSETS
Debtors 5 1,432 228
Cash at bank 17,934 23,479
19,366 23,707
CREDITORS
Amounts falling due within one year 6 (3,606 ) (2,857 )
NET CURRENT ASSETS 15,760 20,850
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,760

20,850

RESERVES
Other reserves 337,863 337,863
Income and expenditure account (322,103 ) (317,013 )
15,760 20,850

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

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

The directors acknowledge their 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 surplus or deficit 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.

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 Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





Ms R P Hawes - Director


BRITCHAM SHANGHAI LTD (REGISTERED NUMBER: 09286878)

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

1. STATUTORY INFORMATION

Britcham Shanghai LTD is a private company, limited by guarantee and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company’s functional and presentation currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Britcham Shanghai LTD as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

Investments
The investment in subsidiary undertaking is stated at cost, less any provision for impairment.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS

The company's investments at the Balance Sheet date in the share capital of companies include British Chamber of Commerce Shanghai Consulting Co., Ltd, a 100% owned subsidiary.

The investment £291,500 was fully impaired in the year ended 31 October 2019. In the directors' opinion, the circumstances giving rise to the original impairment loss is still applicable at the Balance Sheet date.

BRITCHAM SHANGHAI LTD (REGISTERED NUMBER: 09286878)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Other debtors 1,432 228

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade creditors - 457
Other creditors 3,606 2,400
3,606 2,857

7. LIMITED BY GUARANTEE

The company is limited by guarantee of members and does not have a share capital. The liability of members is limited to £1.