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Logo On Report
Registered Number: 10476903
England and Wales

 

 

 

LI PING LTD



Abridged Accounts
 


Period of accounts

Start date: 01 December 2023

End date: 30 November 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 13,155    13,385 
Tangible fixed assets 4 271,784    271,784 
284,939    285,169 
Current assets      
Debtors 10,689    12,129 
Cash at bank and in hand 22    174 
10,711    12,303 
Creditors: amount falling due within one year (56,365)   (56,419)
Net current assets (45,654)   (44,116)
 
Total assets less current liabilities 239,285    241,053 
Creditors: amount falling due after more than one year (229,127)   (229,127)
Net assets 10,158    11,926 
 

Capital and reserves
     
Called up share capital 5 12    12 
Profit and loss account 10,146    11,914 
Shareholders' funds 10,158    11,926 
 


For the year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 18 August 2025 and were signed by:


-------------------------------
Steven Lumley
Director
1
General Information
Li Ping Ltd is a private company, limited by shares, registered in England and Wales, registration number 10476903, registration address Bank House, 6-8 Church Street, Adlington, Chorley, PR7 4EX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Intangible fixed assets

Cost Lease   Total
  £   £
At 01 December 2023 13,767    13,767 
Additions  
Disposals  
At 30 November 2024 13,767    13,767 
Amortisation
At 01 December 2023 382    382 
Charge for year 230    230 
On disposals  
At 30 November 2024 612    612 
Net book values
At 30 November 2024 13,155    13,155 
At 30 November 2023 13,385    13,385 


4.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 December 2023 271,784    271,784 
Additions  
Disposals  
At 30 November 2024 271,784    271,784 
Depreciation
At 01 December 2023  
Charge for year  
On disposals  
At 30 November 2024  
Net book values
Closing balance as at 30 November 2024 271,784    271,784 
Opening balance as at 01 December 2023 271,784    271,784 


5.

Share Capital

Authorised
12 Class A shares of £1.00 each
Allotted, called up and fully paid
2024
£
  2023
£
12 Class A shares of £1.00 each 12    12 
12    12 

2