Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312023-08-08falsefalseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 15058073 2023-08-07 15058073 2023-08-08 2024-08-31 15058073 2022-09-01 2023-08-07 15058073 2024-08-31 15058073 c:Director1 2023-08-08 2024-08-31 15058073 d:FreeholdInvestmentProperty 2023-08-08 2024-08-31 15058073 d:FreeholdInvestmentProperty 2024-08-31 15058073 d:CurrentFinancialInstruments 2024-08-31 15058073 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 15058073 d:ShareCapital 2024-08-31 15058073 d:RetainedEarningsAccumulatedLosses 2024-08-31 15058073 c:OrdinaryShareClass1 2023-08-08 2024-08-31 15058073 c:OrdinaryShareClass1 2024-08-31 15058073 c:FRS102 2023-08-08 2024-08-31 15058073 c:AuditExempt-NoAccountantsReport 2023-08-08 2024-08-31 15058073 c:FullAccounts 2023-08-08 2024-08-31 15058073 c:PrivateLimitedCompanyLtd 2023-08-08 2024-08-31 15058073 e:PoundSterling 2023-08-08 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 15058073









JINQIYUAN NO 3 LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 AUGUST 2024

 
JINQIYUAN NO 3 LTD
REGISTERED NUMBER: 15058073

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
Note
£

Fixed assets
  

Investment property
 4 
944,398

  
944,398

Current assets
  

Debtors: amounts falling due within one year
 5 
236,472

  
236,472

Creditors: amounts falling due within one year
 6 
(1,182,887)

Net current (liabilities)/assets
  
 
 
(946,415)

Total assets less current liabilities
  
(2,017)

  

Net (liabilities)/assets
  
(2,017)


Capital and reserves
  

Called up share capital 
 7 
100

Profit and loss account
  
(2,117)

  
(2,017)

Page 1

 
JINQIYUAN NO 3 LTD
REGISTERED NUMBER: 15058073
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 April 2025.




................................................
J Chen
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
JINQIYUAN NO 3 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

1.


General information

Jinqiyuan No 3 Ltd is a private company limited by shares and registered in England and Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS. The company was incorporated on 8 August 2023 and commenced to trade on 10 August 2023. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

After reviewing the company's forecasts and projections, the director has reasonable expectation
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 its financial
statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
JINQIYUAN NO 3 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rental Income
Investment properties are rented to tenants under tenancy contracts. The rental income received is recognised through profit or loss on a straight-line basis over the term of the contract. Any rent-free period is spread over the period of the contract. 

 
2.5

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Debtors

Debtors are measured at transaction price, less any impairment.

 
2.7

Creditors

 Creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the Period was 1.

Page 4

 
JINQIYUAN NO 3 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

4.


Investment property


Long-term leasehold investment property

£



Valuation


Additions at cost
944,398



At 31 August 2024
944,398

The 2024 valuations were made by the director, on an open market value for existing use basis.







5.


Debtors

2024
£


Other debtors
236,347

Prepayments and accrued income
125

236,472



6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
3,000

Other creditors
1,166,292

Accruals and deferred income
13,595

1,182,887


Page 5

 
JINQIYUAN NO 3 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

7.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary shares of £1.0 each
100


On 8 August 2023, the company issued 100 Ordinary shares of £1.00 each for cash at par.


8.


Related party transactions

Jinfu Chen, the shareholder of the company, provided the company with an interest free loan. At the
statement of financial position date, Jinqiyuan No 3 Ltd owed Jinfu Chen £1,166,292.


9.


Controlling party

The company is owned and controlled by Jinfu Chen.

 
Page 6