Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302023-10-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04421889 2023-10-01 2024-09-30 04421889 2022-10-01 2023-09-30 04421889 2024-09-30 04421889 2023-09-30 04421889 c:Director2 2023-10-01 2024-09-30 04421889 d:CurrentFinancialInstruments 2024-09-30 04421889 d:CurrentFinancialInstruments 2023-09-30 04421889 d:Non-currentFinancialInstruments 1 2024-09-30 04421889 d:Non-currentFinancialInstruments 1 2023-09-30 04421889 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 04421889 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 04421889 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 04421889 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 04421889 d:ShareCapital 2024-09-30 04421889 d:ShareCapital 2023-09-30 04421889 d:RevaluationReserve 2024-09-30 04421889 d:RevaluationReserve 2023-09-30 04421889 d:RetainedEarningsAccumulatedLosses 2024-09-30 04421889 d:RetainedEarningsAccumulatedLosses 2023-09-30 04421889 c:OrdinaryShareClass1 2023-10-01 2024-09-30 04421889 c:OrdinaryShareClass1 2024-09-30 04421889 c:OrdinaryShareClass1 2023-09-30 04421889 c:PreferenceShareClass1 2023-10-01 2024-09-30 04421889 c:PreferenceShareClass1 2024-09-30 04421889 c:PreferenceShareClass1 2023-09-30 04421889 c:FRS102 2023-10-01 2024-09-30 04421889 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04421889 c:FullAccounts 2023-10-01 2024-09-30 04421889 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04421889 2 2023-10-01 2024-09-30 04421889 6 2023-10-01 2024-09-30 04421889 f:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04421889









SHUN CHEONG LUNG HOLDING COMPANY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
SHUN CHEONG LUNG HOLDING COMPANY LIMITED
REGISTERED NUMBER: 04421889

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
8,883,238
8,883,238

Current assets
  

Debtors: amounts falling due within one year
 5 
934,490
772,000

Cash at bank and in hand
  
3,103,019
2,955,658

  
4,037,509
3,727,658

Creditors: amounts falling due within one year
 6 
(56,552)
(137,794)

Net current assets
  
 
 
3,980,957
 
 
3,589,864

Total assets less current liabilities
  
12,864,195
12,473,102

Creditors: amounts falling due after more than one year
 7 
(10,000)
(10,000)

  

Net assets
  
12,854,195
12,463,102


Capital and reserves
  

Called up share capital 
 8 
10,000
10,000

Revaluation reserve
  
789,828
789,828

Profit and loss account
  
12,054,367
11,663,274

  
12,854,195
12,463,102


The directors consider 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 directors acknowledge their 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 comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
SHUN CHEONG LUNG HOLDING COMPANY LIMITED
REGISTERED NUMBER: 04421889
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mrs J M Wong
Director

Date: 20 June 2025

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

Page 2

 
SHUN CHEONG LUNG HOLDING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Shun Cheong Lung Holding Company Limited ("the company") is a private company limited by shares, incorporated in England and Wales. Its registered office is SCLA House, 21-25 River Road, Barking, Essex, IG11 0DA. Its registered number is 04421889.

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

The accounts have been prepared on a going concern basis.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

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.

 
2.6

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Interest income

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

Page 3

 
SHUN CHEONG LUNG HOLDING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.9

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.



3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Fixed asset investments





Shares in group undertakings

£



Cost


At 1 October 2023
8,883,238



At 30 September 2024
8,883,238




Page 4

 
SHUN CHEONG LUNG HOLDING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
162,490
-

Other debtors
772,000
772,000

934,490
772,000



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
2,013
4,856

Corporation tax
53,039
131,438

Accruals and deferred income
1,500
1,500

56,552
137,794



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Share capital treated as debt (Note 8)
10,000
10,000


Page 5

 
SHUN CHEONG LUNG HOLDING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Share capital

2024
2023
£
£
Shares classified as equity

Allotted, called up and fully paid



10,000 (2023 - 10,000) Ordinary shares of £1 each
10,000
10,000

2024
2023
£
£
Shares classified as debt

Allotted, called up and fully paid



10,000 (2023 - 10,000) Preference shares of £1 each
10,000
10,000



9.


Related party transactions

At the year end the company was owed £162,490 by (2023 - the company owed £2,843 to) an LLP of which the company is a member.
At the year end the company owed £2,013 
(2023 - £2,013) to subsidiary undertakings.

 
Page 6