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Registration number: 10272059

Sinoway Properties Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 August 2025

Sinoway Properties Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Sinoway Properties Limited

Company Information

Director | K Li

Registered office | 43 Newsham Drive Liverpool United Kingdom L6 7UQ

Accountants | Tally Wu Associates Limited Chartered Certified Accountant2 Wetherby Way Chessington KT9 2LE

Sinoway Properties Limited

(Registration number: 10272059)
Balance Sheet as at 30 August 2025

| Note | 2025 | 2024
|  | £ | £ | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 134,454 |  | 133,954
Investment property | 5 |  | 939,184 |  | 939,184
|  |  | 1,073,638 |  | 1,073,138
Current assets |  |  |  |  |
Cash at bank and in hand |  | 2,197 |  | 4,236 |
Creditors: Amounts falling due within one year | 7 | (617,536) |  | (601,013) |
Net current liabilities |  |  | (615,339) |  | (596,777)
Total assets less current liabilities |  |  | 458,299 |  | 476,361
Creditors: Amounts falling due after more than one year | 7 |  | (463,699) |  | (483,592)
Net liabilities |  |  | (5,400) |  | (7,231)
Capital and reserves |  |  |  |  |
Called up share capital | 8 | 10 |  | 10 |
Retained earnings |  | (5,410) |  | (7,241) |
Shareholders' deficit |  |  | (5,400) |  | (7,231)

For the financial year ending 30 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 May 2026

K Li Director

Sinoway Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 August 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
43 Newsham Drive
Liverpool
L6 7UQ
United Kingdom

These financial statements were authorised for issue by the director on 22 May 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures & Fittings | 20% on cost
Land and buildings - Freehold | No depreciation
Office equipment | 20% on cost

Sinoway Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 August 2025

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Sinoway Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 August 2025

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.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amJrtised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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 creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.
Debt Instruments are subsequently carried at amortised cost, using the effective Interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

Sinoway Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 August 2025

4 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Office equipment £ | Total £
Cost or valuation
At 31 August 2024 | 128,893 | 7,598 | 2,099 | 138,590
Additions | 2,000 | - | - | 2,000
At 30 August 2025 | 130,893 | 7,598 | 2,099 | 140,590
Depreciation
At 31 August 2024 | - | 3,934 | 702 | 4,636
Charge for the year | - | 1,080 | 420 | 1,500
At 30 August 2025 | - | 5,014 | 1,122 | 6,136
Carrying amount
At 30 August 2025 | 130,893 | 2,584 | 977 | 134,454
At 30 August 2024 | 128,893 | 3,664 | 1,397 | 133,954

Included within the net book value of land and buildings above is £130,893 (2024 - £128,893) in respect of freehold land and buildings.

5 | Investment properties

| 2025 £
At 31 August | 939,184
At 30 August | 939,184

There has been no valuation of investment property by an independent valuer.

Sinoway Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 August 2025

6 | Debtors

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 22,389 | 22,401
Accruals and deferred income |  | 10,142 | 11,668
Other creditors |  | 585,005 | 566,944
|  | 617,536 | 601,013

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 463,699 | 483,592

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary share capital of £1 each | 10 | 10 | 10 | 10

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 463,699 | 483,592

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 22,389 | 22,401