Registered number
10388767
Aomei Developments Limited
Unaudited Filleted Accounts
31 January 2024
Aomei Developments Limited
Registered number: 10388767
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Tangible assets 3 1,874,789 1,752,999
Current assets
Debtors 4 169,555 127,550
Cash at bank and in hand 530,043 2,029
699,598 129,579
Creditors: amounts falling due within one year 5 (1,368,701) (1,437,418)
Net current liabilities (669,103) (1,307,839)
Total assets less current liabilities 1,205,686 445,160
Creditors: amounts falling due after more than one year 6 (1,192,253) (414,852)
Net assets 13,433 30,308
Capital and reserves
Called up share capital 100 100
Profit and loss account 13,333 30,208
Shareholder's funds 13,433 30,308
The director is 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 director acknowledges his 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 Meiyun Wu
Director
Approved by the board on 31 October 2024
Aomei Developments Limited
Notes to the Accounts
for the year ended 31 January 2024
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 letting of own properties.
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:
Freehold land nil
Freehold buildings over 50 years
Investment properties
Investment property is initially recognised at cost and then subsequently measured at fair value. Changes in value are recognised in profit or loss.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 February 2023 1,804,122
Additions 150,000
At 31 January 2024 1,954,122
Depreciation
At 1 February 2023 51,123
Charge for the year 28,210
At 31 January 2024 79,333
Net book value
At 31 January 2024 1,874,789
At 31 January 2023 1,752,999
4 Debtors 2024 2023
£ £
Trade debtors 1,000 -
Amounts owed by group undertakings and undertakings in which the company has a participating interest 132,555 127,550
Other debtors 36,000 -
169,555 127,550
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,634 24,471
Trade creditors 250,000 292,200
Amounts owed to group undertakings and undertakings in which the company has a participating interest 787,892 779,892
Taxation and social security costs - 8,415
Other creditors 320,175 332,440
1,368,701 1,437,418
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,192,253 414,852
7 Related party transactions
Included within amounts owed to group undertakings are £378,892 (2023 - £370,892) due to Hongeran Properties Limited and £409,000 (2023 - £409,000) due to Young Deere Development Ltd.
Included within amounts owed by group undertakings is £132,555 (2023 - £127,550) owed by Jinlimei Investments Limited.
Aomei Developments Limited, Jinlimei Investments Limited and Young Deere Development Ltd are wholly-owned subsidiaries of Hongeran Properties Limited, which is owned by Shuang Yun Building Contractor Limited.
Included within other creditors are £301,708 (2023 - £316,798) due to the participators.
8 Other information
Aomei Developments Limited is a private company limited by shares and incorporated in England. Its registered office is:
1st Floor, 267 High Road
Leyton
London
E10 5QN
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