General Information
Zhou Yuelong Snooker Limited is a private company, limited by shares, registered in England and Wales, registration number 11435601, registration address Apartment 261, City Lofts St. Pauls Square, , Sheffield, S1 2LL.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the companys activities.Turnover is shown net of sales/value added tax, returns, rebates and 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 companys 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.
Foreign taxes paid on overseas income are accounted for in accordance with UK tax legislation and relevant double taxation treaties. Relief for foreign tax suffered is claimed as a credit against the UK corporation tax liability relating to the same income stream, limited to the amount of UK tax attributable to that income.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Fixtures, Fittings & Equipment |
25% Reducing Balance
|
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 1 (2024 : 1).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Fixtures, Fittings & Equipment |
|
Total |
| |
£ |
|
£ |
| At 01 April 2024 |
25,034 |
|
25,034 |
| Additions |
3,500 |
|
3,500 |
| Disposals |
- |
|
- |
| At 31 March 2025 |
28,534 |
|
28,534 |
| Depreciation |
| At 01 April 2024 |
18,119 |
|
18,119 |
| Charge for year |
2,318 |
|
2,318 |
| On disposals |
- |
|
- |
| At 31 March 2025 |
20,437 |
|
20,437 |
| Net book values |
| Closing balance as at 31 March 2025 |
8,097 |
|
8,097 |
| Opening balance as at 01 April 2024 |
6,915 |
|
6,915 |
|
| 4. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
1
Class A share of £1.00 each |
1 |
|
1 |
|
1 |
|
1 |
|
2
|