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REGISTERED NUMBER: 09801577 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

CTC Holding Limited

CTC Holding Limited (Registered number: 09801577)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CTC Holding Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mrs Feng Liu





REGISTERED OFFICE: 26-28
Victoria Parade
London
SE10 9FR





REGISTERED NUMBER: 09801577 (England and Wales)





ACCOUNTANTS: Wilson & Co
Chartered Certified Accountants
3rd Floor
9 St. Clare Street
London
EC3N 1LQ

CTC Holding Limited (Registered number: 09801577)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,783,935 1,538,921
Investments 5 100,000 100,000
1,883,935 1,638,921

CURRENT ASSETS
Debtors 6 845 9,091
Cash at bank 14,266 14,144
15,111 23,235
CREDITORS
Amounts falling due within one year 7 699,544 421,309
NET CURRENT LIABILITIES (684,433 ) (398,074 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,199,502

1,240,847

CREDITORS
Amounts falling due after more than one year 8 (764,603 ) (1,177,591 )

PROVISIONS FOR LIABILITIES (44,381 ) -
NET ASSETS 390,518 63,256

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 192,867 -
Retained earnings 197,551 63,156
390,518 63,256

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

CTC Holding Limited (Registered number: 09801577)

Balance Sheet - continued
30 November 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 29 August 2024 and were signed by:





Mrs Feng Liu - Director


CTC Holding Limited (Registered number: 09801577)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

CTC Holding Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

CTC Holding Limited (Registered number: 09801577)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 December 2022 1,503,943 76,519 52,226 7,519 1,640,207
Additions 61,190 - - - 61,190
Revaluations 192,867 - - - 192,867
At 30 November 2023 1,758,000 76,519 52,226 7,519 1,894,264
DEPRECIATION
At 1 December 2022 - 70,113 27,845 3,328 101,286
Charge for year - 1,635 6,101 1,307 9,043
At 30 November 2023 - 71,748 33,946 4,635 110,329
NET BOOK VALUE
At 30 November 2023 1,758,000 4,771 18,280 2,884 1,783,935
At 30 November 2022 1,503,943 6,406 24,381 4,191 1,538,921

Cost or valuation at 30 November 2023 is represented by:

Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
Valuation in 2019 1,503,943 76,519 52,226 7,519 1,640,207
Valuation in 2023 254,057 - - - 254,057
1,758,000 76,519 52,226 7,519 1,894,264

Leasehold properties were valued on revalued basis on 30 November 2023 by surveyor .

CTC Holding Limited (Registered number: 09801577)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022
and 30 November 2023 100,000
NET BOOK VALUE
At 30 November 2023 100,000
At 30 November 2022 100,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors - 2,880
Tax - 2,768
Prepayments 845 3,443
845 9,091

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other loans 523,102 365,285
Trade creditors - 11,843
Tax 48,654 -
Social security and other taxes 1,814 837
VAT 4,058 6,332
Other creditors 257 257
Directors' current accounts 86,440 36,440
Accrued expenses 35,219 315
699,544 421,309

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Other Loan 764,603 380,415
Directors' loan accounts - 797,176
764,603 1,177,591

CTC Holding Limited (Registered number: 09801577)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.11.23 30.11.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Other Loan 764,603 380,415

9. RESERVES
Revaluation
reserve
£   
Property Revaluation Reserve 192,867

At 30 November 2023 192,867

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
Ms Baihui Jing
Balance outstanding at start of year (229,730 ) (229,730 )
Amounts repaid 229,730 -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (229,730 )

Mr Yuandao Liu
Balance outstanding at start of year (230,510 ) (230,510 )
Amounts repaid 230,510 -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (230,510 )

Ms Yige Yang
Balance outstanding at start of year - (229,248 )
Amounts repaid - 229,248
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

CTC Holding Limited (Registered number: 09801577)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr K C P Poon
Balance outstanding at start of year - (171,935 )
Amounts repaid - 171,935
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mr Yezhou Li
Balance outstanding at start of year (207,549 ) (207,549 )
Amounts repaid 207,549 -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (207,549 )

Mr Zhuo Zhao
Balance outstanding at start of year (113,169 ) (113,169 )
Amounts repaid 113,169 -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (113,169 )

Mrs Feng Liu
Balance outstanding at start of year (36,440 ) -
Amounts advanced (50,000 ) (36,440 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (86,440 ) (36,440 )