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Registration number: 04220509

YI-QUAN INVESTMENTS LIMITED

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

YI-QUAN INVESTMENTS LIMITED

Contents

Company Information

1

Directors' Report

2

Profit and Loss Account

3

Statement of Comprehensive Income

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 9

 

YI-QUAN INVESTMENTS LIMITED

Company Information

Directors

Woodford Directors Limited

Ms Andreea Ecaterina Mocanu

Company secretary

Woodford Services Limited

Registered office

3 The Shrubberies
George Lane
London
E18 1BD

Accountants

ACCOUNTING 2 TREND LTD
3 The Shrubberies
George Lane
London
E18 1BD

 

YI-QUAN INVESTMENTS LIMITED

Directors' Report for the Year Ended 30 November 2023

The directors present their report and the financial statements for the year ended 30 November 2023.

Directors of the company

The directors who held office during the year were as follows:

Woodford Directors Limited

Ms Andreea Ecaterina Mocanu

Principal activity

The principal activity of the company is that of an investment holding company.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 4 September 2024 and signed on its behalf by:
 

.........................................
Ms Andreea Ecaterina Mocanu
Director

 

YI-QUAN INVESTMENTS LIMITED

Profit and Loss Account for the Year Ended 30 November 2023

Note

2023

2022

Turnover

 

-

-

Gross profit/(loss)

 

-

-

Administrative expenses

 

(866)

(863)

Operating loss

 

(866)

(863)

Loss before tax

(866)

(863)

Loss for the financial year

 

(866)

(863)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

YI-QUAN INVESTMENTS LIMITED

Statement of Comprehensive Income for the Year Ended 30 November 2023

2023

2022

Loss for the year

(866)

(863)

Total comprehensive income for the year

(866)

(863)

 

YI-QUAN INVESTMENTS LIMITED

(Registration number: 04220509)
Balance Sheet as at 30 November 2023

Note

2023

2022

Fixed assets

 

Investments

4

94,050

94,050

Current assets

 

Cash at bank and in hand

 

57,272

57,272

Creditors: Amounts falling due within one year

5

(9,614)

(8,748)

Net current assets

 

47,658

48,524

Net assets

 

141,708

142,574

Capital and reserves

 

Called up share capital

6

516,458

516,458

Retained earnings

(374,750)

(373,884)

Shareholders' funds

 

141,708

142,574

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 4 September 2024 and signed on its behalf by:
 

.........................................
Ms Andreea Ecaterina Mocanu
Director

 

YI-QUAN INVESTMENTS LIMITED

Statement of Changes in Equity for the Year Ended 30 November 2023

Share capital

Profit and loss account

Total

At 1 December 2022

516,458

(373,884)

142,574

Loss for the year

-

(866)

(866)

Total comprehensive income

-

(866)

(866)

At 30 November 2023

516,458

(374,750)

141,708

Share capital

Retained earnings

Total

At 1 December 2021

516,458

(373,021)

143,437

Loss for the year

-

(863)

(863)

At 30 November 2022

516,458

(373,884)

142,574

 

YI-QUAN INVESTMENTS LIMITED

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
3 The Shrubberies
George Lane
London
E18 1BD
United Kingdom

These financial statements were authorised for issue by the Board on 4 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The financial statements contain information about YI-Quan Investments Limited 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.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

YI-QUAN INVESTMENTS LIMITED

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

4

Investments

2023

2022

Investments in subsidiaries

94,050

94,050

Subsidiaries

Cost or valuation

At 1 December 2022

94,050

Provision

Carrying amount

At 30 November 2023

94,050

At 30 November 2022

94,050

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

YI-QUAN INVESTMENTS LIMITED

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

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2023

2022

Subsidiary undertakings

BU-SEN SRL

VIA MARIO DEL MONACO N.
16 - 61121
PESARO (PU)

ITALY

Ordinary shares

99%

99%

BU-SEN SRL

The principal activity of BU-SEN SRL is that of a real estate company.

5

Creditors

Creditors: amounts falling due within one year

2023

2022

Due within one year

Accruals and deferred income

866

863

Other creditors

8,748

7,885

9,614

8,748

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

No.

Ordinary shares of €1 each

516,458

516,458

516,458

516,458