Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30true12023-10-01falseNo description of principal activity1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09217487 2023-10-01 2024-09-30 09217487 2022-10-01 2023-09-30 09217487 2024-09-30 09217487 2023-09-30 09217487 c:Director1 2023-10-01 2024-09-30 09217487 d:FurnitureFittings 2023-10-01 2024-09-30 09217487 d:FurnitureFittings 2024-09-30 09217487 d:FurnitureFittings 2023-09-30 09217487 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 09217487 d:LeaseholdInvestmentProperty 2023-10-01 2024-09-30 09217487 d:LeaseholdInvestmentProperty 2024-09-30 09217487 d:LeaseholdInvestmentProperty 2023-09-30 09217487 d:CurrentFinancialInstruments 2024-09-30 09217487 d:CurrentFinancialInstruments 2023-09-30 09217487 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 09217487 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 09217487 d:ShareCapital 2024-09-30 09217487 d:ShareCapital 2023-09-30 09217487 d:RetainedEarningsAccumulatedLosses 2024-09-30 09217487 d:RetainedEarningsAccumulatedLosses 2023-09-30 09217487 c:OrdinaryShareClass1 2023-10-01 2024-09-30 09217487 c:OrdinaryShareClass1 2024-09-30 09217487 c:OrdinaryShareClass1 2023-09-30 09217487 c:FRS102 2023-10-01 2024-09-30 09217487 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 09217487 c:FullAccounts 2023-10-01 2024-09-30 09217487 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09217487









HONGYI UK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
HONGYI UK LIMITED
REGISTERED NUMBER: 09217487

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
12,106
5,619

Investment property
 5 
1,835,037
1,067,749

  
1,847,143
1,073,368

Current assets
  

Debtors: amounts falling due within one year
 6 
5,843
189,580

Cash at bank and in hand
 7 
4,068
-

  
9,911
189,580

Creditors: amounts falling due within one year
 8 
(1,833,315)
(1,257,814)

Net current liabilities
  
 
 
(1,823,404)
 
 
(1,068,234)

Total assets less current liabilities
  
23,739
5,134

  

Net assets
  
23,739
5,134


Capital and reserves
  

Called up share capital 
 9 
1,000
1,000

Profit and loss account
  
22,739
4,134

  
23,739
5,134


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 year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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 by: 



Page 1

 
HONGYI UK LIMITED
REGISTERED NUMBER: 09217487
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024


................................................
Yan Zou
Director

Date: 19 June 2025

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
HONGYI UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

HongYi UK Limited is a private company limited by shares and registered in England and Wales. The address of its registered office is  Regina House, 124 Finchley Road, London, NW3 5JS.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

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. 

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. 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 by management.

Page 3

 
HONGYI UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Furniture, fixtures and fittings
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.6

Investment properties

Investment properties are carried at fair value determined 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 the statement of income and retained earnings.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

Page 4

 
HONGYI UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3.


Employees

The average monthly number of employees, including director, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Furniture, fixtures and fittings

£



Cost or valuation


At 1 October 2023
6,250


Additions
8,932



At 30 September 2024

15,182



Depreciation


At 1 October 2023
631


Charge for the year on owned assets
2,445



At 30 September 2024

3,076



Net book value



At 30 September 2024
12,106



At 30 September 2023
5,619

Page 5

 
HONGYI UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Investment properties


Long term leasehold investment properties

£



Valuation


At 1 October 2023
1,067,749


Additions at cost
767,288



At 30 September 2024
1,835,037

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








6.


Debtors

2024
2023
£
£


Other debtors
2,247
187,875

Prepayments and accrued income
3,596
1,705

5,843
189,580



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
4,068
-

4,068
-


Page 6

 
HONGYI UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
4,015
1,118

Other creditors
1,808,724
1,248,024

Accruals
20,576
8,672

1,833,315
1,257,814



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary  shares of £1.00 each
1,000
1,000



10.


Related party transactions

At the year end the company owed to Yan Zou £1,808,724 (2023: £1,248,024).


11.


Controlling party

The company is owned by Yan Zou, as she owns all the issued share capital. 

 
Page 7