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REGISTERED NUMBER: SC565243 (Scotland)



















BEIJING SIGHTHILL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2024






BEIJING SIGHTHILL LTD (REGISTERED NUMBER: SC565243)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEIJING SIGHTHILL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Ms Caiyun Lei





REGISTERED OFFICE: 9 Royal Crescent
Glasgow
G3 7SP





REGISTERED NUMBER: SC565243 (Scotland)





ACCOUNTANTS: CW
Chartered Accountants
9 Royal Crescent
Glasgow
G3 7SP

BEIJING SIGHTHILL LTD (REGISTERED NUMBER: SC565243)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 14,340 14,725

CURRENT ASSETS
Inventories 4,500 6,250
Debtors 5 37,515 33,759
Cash at bank and in hand 336,578 83,833
378,593 123,842
CREDITORS
Amounts falling due within one year 6 199,152 157,535
NET CURRENT ASSETS/(LIABILITIES) 179,441 (33,693 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,781

(18,968

)

CREDITORS
Amounts falling due after more than one
year

7

(17,413

)

(27,594

)

PROVISIONS FOR LIABILITIES (3,586 ) (3,682 )
NET ASSETS/(LIABILITIES) 172,782 (50,244 )

BEIJING SIGHTHILL LTD (REGISTERED NUMBER: SC565243)

BALANCE SHEET - continued
31 MAY 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 2,024 2,200
Retained earnings 170,758 (52,444 )
172,782 (50,244 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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 18 February 2025 and were signed by:





Ms Caiyun Lei - Director


BEIJING SIGHTHILL LTD (REGISTERED NUMBER: SC565243)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Beijing Sighthill Ltd is a private company, limited by shares , registered in Scotland. 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.

Turnover and revenue recognition
The turnover shown in the profit and loss account represents the value of sales during the year, exclusive of Value Added Tax. A sale is recognised at the point where a meal is served or handed over to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment and Fittings - 15% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Basic financial instruments
Basic financial instruments such as cash, debtors and creditors are measured at transaction price. Financial liabilities classified as payable within one year are not amortised.

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 balance sheet date.


BEIJING SIGHTHILL LTD (REGISTERED NUMBER: SC565243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 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 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 applicable to operating leases where substantially all of the benefits and the risks of the ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Assets held under hire purchase agreements are capitalised in the balance sheet and depreciated over their useful economic lives. Minimum lease payments are apportioned between the interest charge and the reduction of the outstanding liability using the effective interest method. The related obligations are included in creditors.

Pension costs and employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company contributes to the individual personal pensions of its employees. Contributions payable are charged to the accounts in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 36 ) .

BEIJING SIGHTHILL LTD (REGISTERED NUMBER: SC565243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. PROPERTY, PLANT AND EQUIPMENT
Equipment
and
Fittings
£   
COST
At 1 June 2023 28,224
Additions 4,333
At 31 May 2024 32,557
DEPRECIATION
At 1 June 2023 13,499
Charge for year 4,718
At 31 May 2024 18,217
NET BOOK VALUE
At 31 May 2024 14,340
At 31 May 2023 14,725

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Credit card debtors 7,959 4,119
Prepayments 29,556 29,640
37,515 33,759

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 10,148 9,958
Trade creditors 14,215 20,087
Corporation Tax 83,743 37,449
Social security and other taxes 780 861
VAT 69,641 68,055
Accrued expenses 20,625 21,125
199,152 157,535

BEIJING SIGHTHILL LTD (REGISTERED NUMBER: SC565243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 17,413 27,594

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,148 9,958

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,372 10,168

Amounts falling due between two and five years:
Bank loans - 2-5 years 7,041 17,426

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
Value: £ £
1,200 Ordinary A £1.00 1,200 1,200
640 Ordinary B £1.00 640 800
184 Ordinary C £1.00 184 200
______ ______
2,024 2,200
______ ______