REGISTERED NUMBER: 14585800 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Xinmao Investment Co., Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Xiong

L Teng

SECRETARY:

Reed Smith Corporate Services Limited

REGISTERED OFFICE:

1 Blossom Yard

Fourth Floor

London

E1 6RS

REGISTERED NUMBER:

14585800 (England and Wales)

AUDITORS:

Cartwrights

Chartered Accountants and Business Advisors

Statutory Auditor

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

FIXED ASSETS

Investments

4

87,373,269

83,252,307

CURRENT ASSETS

Debtors

5

4,731,178

4,483,852

Cash at bank

82,003

94,558

4,813,181

4,578,410

CREDITORS

Amounts falling due within one year

6

93,997,881

87,756,622

NET CURRENT LIABILITIES

(89,184,700

)

(83,178,212

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,811,431

)

74,095

CAPITAL AND RESERVES

Called up share capital

81

81

Share premium

5,013

5,013

Retained earnings

(1,816,525

)

69,001

(1,811,431

)

74,095

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

L Teng - Director

1.	STATUTORY INFORMATION

Xinmao Investment Co., Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

83,252,307

Additions

5,687,765

Impairments

(1,566,803

)

At 31 December 2024

87,373,269

NET BOOK VALUE

At 31 December 2024

87,373,269

At 31 December 2023

83,252,307

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Other debtors

4,731,178

4,483,852

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade creditors

1

-

Taxation and social security

19,884

19,472

Other creditors

93,977,996

87,737,150

93,997,881

87,756,622

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ahsan Khan FCCA (Senior Statutory Auditor)

for and on behalf of Cartwrights