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REGISTERED NUMBER: 10627295 (England and Wales)








REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

IMPERIAL 21 HOLDINGS LTD

IMPERIAL 21 HOLDINGS LTD (REGISTERED NUMBER: 10627295)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024




Page

Company Information 1

Report of the Director 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


IMPERIAL 21 HOLDINGS LTD

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTOR: Mr Y Xu





REGISTERED OFFICE: 67 Ayres Road
Old Trafford
Manchester
Greater Manchester
M16 9NH





REGISTERED NUMBER: 10627295 (England and Wales)





ACCOUNTANTS: Cadishead Accountancy Services Limited
Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD

IMPERIAL 21 HOLDINGS LTD (REGISTERED NUMBER: 10627295)

REPORT OF THE DIRECTOR
for the Year Ended 29 February 2024

The director presents his report with the financial statements of the company for the year ended 29 February 2024.

DIRECTOR
Mr Y Xu held office during the whole of the period from 1 March 2023 to the date of this report.

His beneficial interest in the shares of the company, according to the register of directors' interests, was as follows:

29.2.24 1.3.23
Ordinary shares of £1.00 each 4 4

He did not hold any non-beneficial interests in the shares of the company.

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

ON BEHALF OF THE BOARD:





Mr Y Xu - Director


29 November 2024

IMPERIAL 21 HOLDINGS LTD (REGISTERED NUMBER: 10627295)

BALANCE SHEET
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Investments 4 102 102
Investment property 5 758,113 758,113
758,215 758,215

CURRENT ASSETS
Debtors 6 21,047 1,010
Cash at bank 42,509 8,454
63,556 9,464
CREDITORS
Amounts falling due within one year 7 (117,419 ) (45,844 )
NET CURRENT LIABILITIES (53,863 ) (36,380 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

704,352

721,835

CREDITORS
Amounts falling due after more than one
year

8

(337,439

)

(362,380

)
NET ASSETS 366,913 359,455

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 366,909 359,451
SHAREHOLDERS' FUNDS 366,913 359,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

IMPERIAL 21 HOLDINGS LTD (REGISTERED NUMBER: 10627295)

BALANCE SHEET - continued
29 February 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2024 and were signed by:





Mr Y Xu - Director


IMPERIAL 21 HOLDINGS LTD (REGISTERED NUMBER: 10627295)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Imperial 21 Holdings Ltd 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property is recorded to reflect current fair value at year end.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

IMPERIAL 21 HOLDINGS LTD (REGISTERED NUMBER: 10627295)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 102
NET BOOK VALUE
At 29 February 2024 102
At 28 February 2023 102

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 758,113
NET BOOK VALUE
At 29 February 2024 758,113
At 28 February 2023 758,113

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Amounts owed by group undertakings 20,000 -
Amounts owed by associates 1,047 1,010
21,047 1,010

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 23,565 23,565
Amounts owed to group undertakings 76,745 10,695
Taxation and social security 1,941 5,512
Other creditors 15,168 6,072
117,419 45,844

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 337,439 362,380

IMPERIAL 21 HOLDINGS LTD (REGISTERED NUMBER: 10627295)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
29.2.24 28.2.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 235,574 260,515

9. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 361,004 385,945

The bank loan is secured on the property owned by the Company.

10. RELATED PARTY DISCLOSURES

During the year there was money owing to its subsidiary Shizhen TCM (UK) Ltd amounting to £76,745 (2023 : £10,695).

During the year there was money owed from Imperial 21 Investments Ltd amounting to £1,047 (2023 : £1,010). Of which Dr Xu is currently 100% shareholder and director.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Y Xu.