ACCOUNTS - Final Accounts preparation

Registered number: 14583948

JOYWAY LONDON CO LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2025

JOYWAY LONDON CO LTD

REGISTERED NUMBER: 14583948

BALANCE SHEET

AS AT 31 DECEMBER 2025

		Year ended 2025		Period ended 2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	16,035		71,629
Cash at bank and in hand		616,443		774,333
		632,478		845,962
Current liabilities
Creditors: Amounts Falling Due Within One Year	5	(788,572)		(868,152)
Net current liabilities		(156,094)		(22,190)
Total assets less current liabilities			(156,094)		(22,190)

Net liabilities			(156,094)		(22,190)

Capital and reserves
Called up share capital	6	100	100
Profit and loss account		(156,194)	(22,290)
		(156,094)	(22,190)

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JOYWAY LONDON CO LTD

REGISTERED NUMBER: 14583948

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 June 2026.

XiangDong Zhang

Director

The notes on pages 3 to 6 form part of these financial statements.

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JOYWAY LONDON CO LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Joyway London Co Ltd is a private company limited by shares and registered in England & Wales. The address of its registered office is 124 Finchley Road, London, United Kingdom, NW3 5JS. The principal place of business is 60 Bishops Road, London, SW6 7AH.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

In evaluating the appropriateness of the going concern basis for the financial statements, the director reviewed the Company’s risks, funding access, liquidity, and performance up to the approval date and anticipated performance for the next 12 months.
Based on this assessment, the director believes the Company will have sufficient resources to continue operations for the foreseeable future. He has also committed to providing necessary financial support and will not seek repayment of amounts owed to him until the Company is capable of doing so.

Despite inherent uncertainties, the director sees no material concerns that would cast doubt on the Company’s ability to continue as a going concern. Therefore, it is deemed appropriate to prepare the financial statements on this basis without adjustments for any potential withdrawal of financial support.

As of the reporting date, the Company had net liability of £156,094 (2024: £22,190). The parent company has also committed to providing necessary working capital. Thus, the going concern basis of accounting is considered appropriate.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

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JOYWAY LONDON CO LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

Taxation

Tax is recognised in the statement of income and retained earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.7

Debtors

Debtors are measured at transaction price, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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JOYWAY LONDON CO LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.9

Creditors

Creditors are measured at the transaction price.

Employees

The average monthly number of employees, including directors, during the Year was 2 (2024 - 1).

Debtors


					Year ended 2025	Period ended 2024
					£	£


Trade debtors	-	71,629
Other debtors	16,035	-
	16,035	71,629

5.	Creditors: Amounts falling due within one year
		Year ended 2025	Period ended 2024
		£	£

Trade creditors	-	2,412
Other taxation and social security	1,583	79,538
Other creditors	780,939	780,939
Accruals and deferred income	6,050	5,263
	788,572	868,152

6.	Share capital
		Year ended 2025	Period ended 2024
		£	£

Allotted, called up and fully paid

100 (2024 - 100) Ordinary shares of £1.00 each	100	100

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JOYWAY LONDON CO LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

7.	Pension commitments

The pension cost charge represents contributions made by the Company towards defined contribution
pension plans in respect of its employees and for the year amounted to £330 (2024: £Nil).

8.	Related party transactions
	At the balance sheet date, the Company owed £118,799 (2024: £118,799) to the director, Xiangdong Zhang and £658,930 (2024: £658,930) to the parent company. The amount owed are unsecured, non-interest bearing and repayable on demand with no fixed date for repayment.

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