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REGISTERED NUMBER: 02925254 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

CCIC London Company Limited

CCIC London Company Limited (Registered number: 02925254)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CCIC London Company Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Z Liu





REGISTERED OFFICE: 37-41 Finchley Park
London
N12 9JY





REGISTERED NUMBER: 02925254 (England and Wales)





AUDITORS: Shinewing Wilson Accountancy Limited
Chartered Certified Accountants
and Statutory Auditors
9 St Clare Street
London
EC3N 1LQ

CCIC London Company Limited (Registered number: 02925254)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,581,211 1,608,179

CURRENT ASSETS
Debtors 5 167,683 237,372
Cash at bank 3,471,491 3,361,381
3,639,174 3,598,753
CREDITORS
Amounts falling due within one year 6 1,598,832 198,370
NET CURRENT ASSETS 2,040,342 3,400,383
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,621,553

5,008,562

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 3,620,553 5,007,562
SHAREHOLDERS' FUNDS 3,621,553 5,008,562

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 12 February 2025 and were signed by:





Z Liu - Director


CCIC London Company Limited (Registered number: 02925254)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

CCIC London Company 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
The company had net current assets of £2.0 mil and net assets of £3.6 mil including a cash reserve of £3.5 mil at the balance sheet date to support its working capital requirements. Based on these, the Director has concluded that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing the financial statements.

Comparative figures
Certain comparative figures have been rearranged where necessary to conform with current period presentation.

Turnover
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for services rendered, net of returns, discounts allowed by the company and value added taxes.

The Company provides inspection certificates service and technical services and market development support services. For inspection certificate service, revenue is recognised at the point when the certificate is issued. For technical service, revenue is recognised over the period of service contract.

Tangible fixed assets
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land is not depreciated.
Freehold property - 2% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on cost

CCIC London Company Limited (Registered number: 02925254)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade and other payables, and loans from group undertakings, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest method.

Share capital
Financial instruments issued by the company are classified as equity only to the extent that they do not meet the definition of a financial liability or financial asset.

The company's ordinary shares are classified as equity instruments.

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 statement of financial position date.


CCIC London Company Limited (Registered number: 02925254)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Interest income
Interest income is recongised using the effective interest rate method.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 15 ) .

CCIC London Company Limited (Registered number: 02925254)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 1,841,998 143,489 73,077 2,058,564
Additions - 4,280 - 4,280
At 31 December 2024 1,841,998 147,769 73,077 2,062,844
DEPRECIATION
At 1 January 2024 243,976 133,332 73,077 450,385
Charge for year 23,228 8,020 - 31,248
At 31 December 2024 267,204 141,352 73,077 481,633
NET BOOK VALUE
At 31 December 2024 1,574,794 6,417 - 1,581,211
At 31 December 2023 1,598,022 10,157 - 1,608,179

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 95,951 160,748
Amounts owed by group undertakings 5,867 4,421
Prepayments and accrued income 65,865 72,203
167,683 237,372

Amounts owed by group undertakings represent a balance owed to a fellow subsidiary which is not 100% owned within the group, the balances are unsecured, interest free, have no fixed date of repayment and are repayable on demand, during the year sales made to the fellow subsidiary amounted to £48,995 (2023: £4,421).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 14,706 18,433
Amounts owed to group undertakings 58,627 47,184
Tax 717 20,254
VAT 9,558 4,985
Proposed dividends 1,400,000 -
Other creditors 54,926 39,562
Accruals and deferred income 60,298 67,952
1,598,832 198,370

Amounts owed to group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

CCIC London Company Limited (Registered number: 02925254)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nijendra Dhungana (Senior Statutory Auditor)
for and on behalf of Shinewing Wilson Accountancy Limited

8. PENSION COMMITMENTS

The company operates a basic pension plan for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. Pension payments recognised as an expense during the year amount to £26K (2023: £31K).

9. 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.

10. ULTIMATE CONTROLLING PARTY

The parent undertaking and the smallest and largest group to consolidate these financial statements is China Certification & Inspection (Group) Co., Ltd, a state owned company which registered in P.R. China.

Copies of the consolidated financial statements can be obtained at ZhongJian Building, No.18 Xibahe Dongli Chaoyang District, Beijing, P.R China.