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REGISTERED NUMBER: 02860622 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Top Glory Management Limited

Top Glory Management Limited (Registered number: 02860622)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Top Glory Management Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Y Chen





REGISTERED OFFICE: 9 St. Clare Street
London
EC3N 1LQ





REGISTERED NUMBER: 02860622 (England and Wales)





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

Top Glory Management Limited (Registered number: 02860622)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
£    £   
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

-

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings (10,000 ) (10,000 )
- -

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 5 September 2024 and were signed by:





Y Chen - Director


Top Glory Management Limited (Registered number: 02860622)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Top Glory Management 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.

Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future based on the continuing support from its parent company. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

The financial statements do not include the adjustments that would result if the company would be unable to continue in operation.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Top Glory Management Limited (Registered number: 02860622)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Top Glory Management Limited hold bank accounts on behalf of COFCO Corporation, the ultimate parent company. As at 31 December 2022, the total balance amounted to £85,355 (2022: £364,807). The bank balances have not been recognised in these accounts as the company does not have the right to use these bank accounts without instruction from the ultimate parent company.

5. ULTIMATE CONTROLLING PARTY

The immediate parent company is Cofco (UK) Ltd. its immediate parent company, a company registered in the United Kingdom and the ultimate parent company is Cofco Corporation, a company registered in P.R. China.

There is no one ultimate controlling party.