REGISTERED NUMBER: 10521346 (England and Wales)

Report of the Directors and

Financial Statements for the Year Ended 31st December 2024

for

SRE London Limited

Page

Company information

1

Report of the directors

2

Statement of directors' responsibilities

3

Chartered accountants' report

4

Income statement

5

Statement of financial position

6

Statement of changes in equity

7

Notes to the financial statements

8

Directors:

J Shi

E Xin

X L Dong

Registered office:

12 Moorgate G/F, 12 Moorgate, Moorgate

London

EC2R 6DA

Registered number:

10521346 (England and Wales)

Accountants:

Goldwyns London LLP

No. 1 Royal Exchange

London

EC3V 3DG

The directors present their report with the financial statements of the company for the year ended 31st December 2024.

Principal activity

The company's principal activity continues to be that of an asset management company.

Directors

The directors shown below have held office during the whole of the period from 1st January 2024 to the date of this report.

J Shi

E Xin

X L Dong

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

On behalf of the board:

J Shi - Director

30th September 2025

The directors are responsible for preparing the Report of the directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SRE London Limited for the year ended 31st December 2024 which comprise the Income statement, Statement of financial position, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of SRE London Limited, as a body, in accordance with the terms of our engagement letter dated 31st December 2021. Our work has been undertaken solely to prepare for your approval the financial statements of SRE London Limited and state those matters that we have agreed to state to the Board of Directors of SRE London Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SRE London Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that SRE London Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SRE London Limited. You consider that SRE London Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SRE London Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Goldwyns London LLP

No. 1 Royal Exchange

London

EC3V 3DG

30th September 2025

Turnover

365,000

650,000

Administrative expenses

340,189

606,803

24,811

43,197

Other operating income

1

-

Operating profit

4

24,812

43,197

Interest payable and similar expenses

184

-

Profit before taxation

24,628

43,197

Tax on profit

7,025

10,029

Profit for the financial year

17,603

33,168

Fixed assets

Tangible assets

5

16,896

24,956

Current assets

Debtors

6

365,251

375,607

Cash at bank

71,119

56,899

436,370

432,506

Creditors

Amounts falling due within one year

7

427,178

448,977

Net current assets/(liabilities)

9,192

(16,471

)

Total assets less current liabilities

26,088

8,485

Capital and reserves

Called up share capital

8

1

1

Retained earnings

9

26,087

8,484

Shareholders' funds

26,088

8,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 30th September 2025 and were signed on its behalf by:

J Shi - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st January 2023

1

(24,684

)

(24,683

)

Changes in equity

Total comprehensive income

-

33,168

33,168

Balance at 31st December 2023

1

8,484

8,485

Changes in equity

Total comprehensive income

-

17,603

17,603

Balance at 31st December 2024

1

26,087

26,088

1.	Statutory information

SRE London 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 preparation of 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 2.50 years

Motor vehicles - 8 years

Computer equipment - 2.50 years

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Operating leases: the company as lessee

Rentals paid under operating leases are charged to the Statement of Comprehensive Income on a straight line basis over the lease term.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.

The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

Accrued Expenditure

The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.

3.	Employees and directors

The average number of employees during the year was 5 (2023 - 9 ) .

4.	Operating profit

The operating profit is stated after charging:

2024

2023

£

£

Depreciation - owned assets

8,060

7,822

Pension costs

7,263

12,561

5.	Tangible fixed assets

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Cost

At 1st January 2024

and 31st December 2024

11,341

48,639

5,828

65,808

Depreciation

At 1st January 2024

10,547

27,360

2,945

40,852

Charge for year

454

6,080

1,526

8,060

At 31st December 2024

11,001

33,440

4,471

48,912

Net book value

At 31st December 2024

340

15,199

1,357

16,896

At 31st December 2023

794

21,279

2,883

24,956

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Amounts owed by group undertakings

353,799

365,299

Other debtors

1,131

3,808

Social security and other tax

7,159

1,638

VAT

3,162

4,862

365,251

375,607

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

3,300

15,912

Amounts owed to group undertakings

392,628

392,628

Tax

7,025

10,119

Other creditors

18,058

14,163

Pension payable

2,667

1,619

Accrued expenses

3,500

14,536

427,178

448,977

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1

The nominal value per Share is £1 and there is 1 Ordinary Share in issue.

9.

Reserves

Retained

earnings

£

At 1st January 2024

8,484

Profit for the year

17,603

At 31st December 2024

26,087

10.	Related party transactions

Related party transactions are with commonly owned companies as follows:

During the year, the company made sales of £37,600 (2023 - £120,000) to CMSREUK Moorgate Propco Ltd. At the year end the CMSREUK Moorgate Propco Ltd owed the company £243,600 (2023 - £215,100). This balance is interest free and there are no set terms of repayment.

During the year, the company made sales of £327,400 (2023 - £480,000) to CMSREUK Tower Hill Propco Ltd. At the year end the CMSREUK Tower Hill Propco Ltd owed the company £110,199 (2023 - £144,199). This balance is interest free and there are no set terms of repayment.

The company owed £392,628 (2023 - £392,628) at the end of the year to Profit Concept Investments Limited, a parent company. This balance is interest free and there are no set terms of repayment.

During the year the company paid directors' remuneration of £Nil (2023 - £Nil). No amounts were outstanding at the year end.

11.	Parent undertaking and ultimate controlling party

The immediate parent company is Profit Concept Investments Limited, incorporated in Hong Kong.

Ronghe International Group Limited is the parent undertaking of the largest group for which consolidated financial statements are prepared.

The directors consider there to be no ultimate controlling party.