REGISTERED NUMBER: 09488380 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

China Harbour Engineering Company (UK)

Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Feng Lin

China Habour Engineering Company Limited

REGISTERED OFFICE:

Apartment 16.04

Landmark West Tower (Tower 1)

22 Marsh Wall

London

E14 9AH

REGISTERED NUMBER:

09488380 (England and Wales)

AUDITORS:

Shinewing Wilson Accountancy Limited

Chartered Certified Accountants

and Statutory Auditors

9 St Clare Street

London

EC3N 1LQ

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

1,440,000

1,606,000

1,440,000

1,606,000

CURRENT ASSETS

Debtors

6

1,194

1,872

Cash at bank

20

-

1,214

1,872

CREDITORS

Amounts falling due within one year

7

3,007,282

2,917,957

NET CURRENT LIABILITIES

(3,006,068

)

(2,916,085

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,566,068

)

(1,310,085

)

PROVISIONS FOR LIABILITIES

8

-

19,873

NET LIABILITIES

(1,566,068

)

(1,329,958

)

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Retained earnings

(1,666,068

)

(1,429,958

)

SHAREHOLDERS' FUNDS

(1,566,068

)

(1,329,958

)

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 29 September 2025 and were signed on its behalf by:

Feng Lin - Director

1.	STATUTORY INFORMATION

China Harbour Engineering Company (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Going concern

The company incurred a loss before tax of £256K and had net current liabilities of £3 million and net liabilities of £1.57 million as at the balance sheet date, which is mainly due to the amounts owed to group undertakings, no short-term demand on the repayment of the funds is expected to be instructed. The company meets its day to day working capital requirements through financial support from its immediate parent company, which has confirmed to provide financial support to enable the company to meet its obligations as and when they fall due for a minimum period of 12 months from the date of signing the financial statements.Therefore, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors considers to continue to adopt the going concern basis in preparing its financial statements.

Tangible fixed assets

Tangible fixed assets under the cost model, other than investment properties, are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plants and machinery - 20% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Investment properties

Investment property is carried at fair value 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. Changes in fair value are recognised in the Income Statement.

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.

Financial instruments are recognised 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.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, and loans from group undertakings, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest method.

Share capital

Financial instruments issued by the company are classified as equity only to the extent that they do not meet the definition of a financial liability or financial asset.

The company's ordinary shares are classified as equity instruments.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

3,451

7,994

11,445

DEPRECIATION

At 1 January 2024

and 31 December 2024

3,451

7,994

11,445

NET BOOK VALUE

At 31 December 2024

-

-

-

At 31 December 2023

-

-

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

1,606,000

Revaluations

(166,000

)

At 31 December 2024

1,440,000

NET BOOK VALUE

At 31 December 2024

1,440,000

At 31 December 2023

1,606,000

The fair value of the investment property as at 31 December 2024 was £1,440,000. The fair value has been arrived at based on valuations carried out by an independent valuer. The valuation was determined by reference to recent market prices for similar properties in the similar locations and conditions.

Fair value at 31 December 2024 is represented by:

£

Valuation in 2019

131,030

Valuation in 2020

(51,800

)

Valuation in 2024

(166,000

)

Cost

1,526,770

1,440,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

1,194

1,872

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed to group undertakings

2,986,146

2,889,306

Taxation and social security

4,158

-

Other creditors

16,978

28,651

3,007,282

2,917,957

Included in other creditors there was a director loan account balance of £10,430 in 2024 (2023: £22,531).

Amounts owed to group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

8.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

Other timing differences

-

19,873

Deferred

tax

£

Balance at 1 January 2024

19,873

Credit to Income Statement during year

(19,873

)

Balance at 31 December 2024

-

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

The Report of the Auditors was unqualified.

Nijendra Dhungana FCCA (Senior Statutory Auditor)

for and on behalf of Shinewing Wilson Accountancy Limited

10.	RELATED PARTY DISCLOSURES

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.

11.	CONTROLLING PARTY

The immediate parent undertaking is China Harbour Engineering Company Limited, a company registered in P.R. China.

The largest group to consolidate these financial statements is China Communications Construction Limited, a company registered in P.R. China and copies of the consolidated financial statements can be obtained from the company website http://en.ccccltd.cn.

The ultimate parent undertaking is China Communications Construction Group, which is a wholly stated-owned company in the People's Republic of China.