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YU & HE INVESTMENTS LIMITED

Registered Number
SC488383
(Scotland)

Unaudited Financial Statements for the Year ended
31 October 2024

YU & HE INVESTMENTS LIMITED
Company Information
for the year from 1 November 2023 to 31 October 2024

Director

HE, Zongying

Registered Address

9 Royal Crescent
Glasgow
G3 7SP

Registered Number

SC488383 (Scotland)
YU & HE INVESTMENTS LIMITED
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments4450450
Investment property3220,000220,000
220,450220,450
Current assets
Debtors52,0001,909
Cash at bank and on hand35,862117,211
37,862119,120
Creditors amounts falling due within one year6(42,868)(77,287)
Net current assets (liabilities)(5,006)41,833
Total assets less current liabilities215,444262,283
Provisions for liabilities7(2,660)(2,660)
Net assets212,784259,623
Capital and reserves
Called up share capital100100
Revaluation reserve11,34011,340
Profit and loss account201,344248,183
Shareholders' funds212,784259,623
The financial statements were approved and authorised for issue by the Director on 15 July 2025, and are signed on its behalf by:
HE, Zongying
Director
Registered Company No. SC488383
YU & HE INVESTMENTS LIMITED
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
The turnover shown in the profit and loss account represents the rental income receivable for the year. Income is recognised on the basis of rent due for the year.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

20242023
Average number of employees during the year00
3.Investment property
The investment properties were revalued by the director on 31 October 2024. The fair value represents the original cost of £206,000 plus subsequent revaluations totalling £14,000.

£
Fair value at 01 November 23220,000
At 31 October 24220,000
4.Fixed asset investments
The unlisted investment represents 450 shares held in Yu & Lin Properties Limited.

Other investments1

Total

££
Cost or valuation
At 01 November 23450450
At 31 October 24450450
Net book value
At 31 October 24450450
At 31 October 23450450

Notes

1Other investments other than loans
5.Debtors: amounts due within one year

2024

2023

££
Prepayments and accrued income2,0001,909
Total2,0001,909
6.Creditors: amounts due within one year

2024

2023

££
Taxation and social security6,5626,497
Other creditors35,00070,000
Accrued liabilities and deferred income1,306790
Total42,86877,287
Other creditors included a loan from the director which was interest free and repayable by demand.
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)2,6602,660
Total2,6602,660
8.Related party transactions
The director's loan balance due at the year end amounted to £0 (2023: £35,000).