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Registered number: 11624961
Ying Hua Limited
Financial Statements
For The Year Ended 31 October 2024
Oakensen (Bristol) Limited
Chartered Accountants
Westbury Court Church Road
Westbury-on-Trym
Bristol
BS9 3EF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11624961
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 550,000 481,080
550,000 481,080
CURRENT ASSETS
Debtors 5 2,930 2,930
Cash at bank and in hand 5,621 6,184
8,551 9,114
Creditors: Amounts Falling Due Within One Year 6 (1,324 ) (1,175 )
NET CURRENT ASSETS (LIABILITIES) 7,227 7,939
TOTAL ASSETS LESS CURRENT LIABILITIES 557,227 489,019
Creditors: Amounts Falling Due After More Than One Year 7 (489,779 ) (490,540 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,095 ) -
NET ASSETS/(LIABILITIES) 54,353 (1,521 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Fair value reserve 10 55,825 -
Profit and Loss Account (1,473 ) (1,522 )
SHAREHOLDERS' FUNDS 54,353 (1,521)
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Q Chen
Director
18 July 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ying Hua Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11624961 . The registered office is Flat 5, 25 Alma Road, Clifton, Bristol, BS8 2BZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the fair value of the consideration received or receivable for the rent of owned property.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable..
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 3
Page 4
4. Investment Property
2024
£
Fair Value
As at 1 November 2023 481,080
Fair value adjustments 68,920
As at 31 October 2024 550,000
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,930 2,930
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 1,324 1,175
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 302,309 303,070
Other creditors 187,470 187,470
489,779 490,540
8. Secured Creditors
Of the creditors falling due within and after more than one year, the following are secured. This is the mortgage on the investment property.
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4
Page 5
10. Reserves
Fair Value Reserve
£
Transfer to profit and loss 55,825
As at 31 October 2024 55,825
Page 5