Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31falsefalse2024-02-01No description of principal activity1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1truetrue 14583948 2024-02-01 2024-12-31 14583948 2023-01-11 2024-01-31 14583948 2024-12-31 14583948 2024-01-31 14583948 c:Director1 2024-02-01 2024-12-31 14583948 d:CurrentFinancialInstruments 2024-12-31 14583948 d:CurrentFinancialInstruments 2024-01-31 14583948 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 14583948 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 14583948 d:ShareCapital 2024-12-31 14583948 d:ShareCapital 2024-01-31 14583948 d:RetainedEarningsAccumulatedLosses 2024-12-31 14583948 d:RetainedEarningsAccumulatedLosses 2024-01-31 14583948 c:OrdinaryShareClass1 2024-02-01 2024-12-31 14583948 c:OrdinaryShareClass1 2024-12-31 14583948 c:OrdinaryShareClass1 2024-01-31 14583948 c:FRS102 2024-02-01 2024-12-31 14583948 c:AuditExempt-NoAccountantsReport 2024-02-01 2024-12-31 14583948 c:FullAccounts 2024-02-01 2024-12-31 14583948 c:PrivateLimitedCompanyLtd 2024-02-01 2024-12-31 14583948 2 2024-02-01 2024-12-31 14583948 e:PoundSterling 2024-02-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14583948









JOYWAY LONDON CO LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD FROM 1 FEBRUARY 2024 TO 31 DECEMBER 2024

 
JOYWAY LONDON CO LTD
REGISTERED NUMBER: 14583948

BALANCE SHEET
AS AT 31 DECEMBER 2024

Period ended 31 December
Period ended 31 December
Period ended 31 January
Period ended 31 January
2024
2024
2024
2024
Note
£
£
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
71,629
2,737

Cash at bank and in hand
  
774,333
89,415

  
845,962
92,152

Current liabilities
  

Creditors: Amounts Falling Due Within One Year
 5 
(868,152)
(299,627)

Net current liabilities
  
(22,190)
(207,475)

Total assets less current liabilities
  
 
 
(22,190)
 
 
(207,475)

  

Net liabilities
  
(22,190)
(207,475)


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
(22,290)
(207,575)

  
(22,190)
(207,475)


Page 1

 
JOYWAY LONDON CO LTD
REGISTERED NUMBER: 14583948
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 10 June 2025.



XiangDong Zhang
Director

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

Page 2

 
JOYWAY LONDON CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

Joyway London Co  Ltd is a private company limited by shares and registered in England & Wales. The address of its registered office is 124 Finchley Road, London, United Kingdom, NW3 5JS. The principal place of business is 60 Bishops Road, London, SW6 7AH. 

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 following principal accounting policies have been applied:

 
2.2

Going concern

In evaluating the appropriateness of the going concern basis for the financial statements, the director reviewed the Company’s risks, funding access, liquidity, and performance up to the approval date and anticipated performance for the next 12 months.
Based on this assessment, the director believes the Company will have sufficient resources to continue operations for the foreseeable future. He has also committed to providing necessary financial support and will not seek repayment of amounts owed to him until the Company is capable of doing so.

Despite inherent uncertainties, the director sees no material concerns that would cast doubt on the Company’s ability to continue as a going concern. Therefore, it is deemed appropriate to prepare the financial statements on this basis without adjustments for any potential withdrawal of financial support.

As of the reporting date, the Company had net liability of £22,190 (2024: £207,475). The parent company has also committed to providing necessary working capital. Thus, the going concern basis of accounting is considered appropriate.

 
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

 
JOYWAY LONDON CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Taxation

Tax is recognised in the statement of income and retained earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Debtors

Debtors are measured at transaction price, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Creditors are measured at the transaction price.


3.


Employees

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

Page 4

 
JOYWAY LONDON CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

4.


Debtors

Period ended 31 December
Period ended
31 January
2024
2024
£
£


Trade debtors
71,629
-

Other debtors
-
2,737

71,629
2,737



5.


Creditors: Amounts falling due within one year

Period ended 31 December
Period ended 31 January
2024
2024
£
£

Trade creditors
2,412
89,136

Other taxation and social security
79,538
327

Other creditors
780,939
205,301

Accruals and deferred income
5,263
4,863

868,152
299,627


Page 5

 
JOYWAY LONDON CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

6.


Share capital

Period ended 31 December
Period ended 31 January
2024
2024
£
£
Allotted, called up and fully paid



100 (2024 - 100) Ordinary shares of £1.00 each
100
100



7.


Related party transactions

At the balance sheet date, the Company owed £118,799 (2024: £85,440)to the director, Xiangdong Zhang and £658,930 (2024: 115,784) to the parent company. The amount owed are unsecured, non-interest bearing and repayable on demand with no fixed date for repayment.


8.


Controlling party

The controlling party is Beijing Joyway Culture & Media Co,Ltd. The address of its registered office is 204 Plaza 15, 6th Heping North Street, DongCheng, Beijing, China. 

Page 6