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REGISTERED NUMBER: 04538731 (England and Wales)









CATHAY - EURO (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






CATHAY - EURO (UK) LIMITED (REGISTERED NUMBER: 04538731)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CATHAY - EURO (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mrs S Y Leung
W Y Leung





SECRETARY: Mrs S Y Leung





REGISTERED OFFICE: 20 Edward Street
Birmingham
West Midlands
B1 2RX





REGISTERED NUMBER: 04538731 (England and Wales)





ACCOUNTANTS: UHY Hacker Young (Bham) LLP
9-11 Vittoria Street
Birmingham
B1 3ND

CATHAY - EURO (UK) LIMITED (REGISTERED NUMBER: 04538731)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,136,911 2,136,911

CURRENT ASSETS
Debtors 5 7,866 407
Cash at bank 48,075 15,682
55,941 16,089
CREDITORS
Amounts falling due within one year 6 1,063,436 1,012,598
NET CURRENT LIABILITIES (1,007,495 ) (996,509 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,129,416

1,140,402

CREDITORS
Amounts falling due after more than
one year

7

639,848

738,001
NET ASSETS 489,568 402,401

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 489,468 402,301
489,568 402,401

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CATHAY - EURO (UK) LIMITED (REGISTERED NUMBER: 04538731)

BALANCE SHEET - continued
30 SEPTEMBER 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 Profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by:





Mrs S Y Leung - Director


CATHAY - EURO (UK) LIMITED (REGISTERED NUMBER: 04538731)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Cathay - Euro (UK) 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.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS

Freehold property is held at cost less impairment charges. No depreciation is charged on freehold property.

CATHAY - EURO (UK) LIMITED (REGISTERED NUMBER: 04538731)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 521 -
Other debtors 7,345 407
7,866 407

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 62,867 67,580
Taxation and social security 28,782 15,861
Other creditors 971,787 929,157
1,063,436 1,012,598

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 547,848 646,001
Other creditors 92,000 92,000
639,848 738,001

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 296,382 375,680

8. RELATED PARTY DISCLOSURES

Included within other creditors payable after 1 year are loans from minority shareholders of £92,000 (2023: £92,000).

During the year ended 31st September 2018 Cathay Euro (UK) Limited received overpayments from Alliance Financial Consultants Limited of £13,470. This amount is still outstanding at the balance sheet date and is included in other creditors.