| |
|
2025 |
|
2024 |
| |
|
£ |
£ |
|
£ |
£ |
| Current assets |
|
2,315 |
|
|
6,685 |
|
| Creditors: amount falling due within one year |
|
(28,220) |
|
|
(14,820) |
|
|
Net current assets
|
|
|
(25,905)
|
|
|
(8,135)
|
|
Total assets less current liabilities
|
|
|
(25,905) |
|
|
(8,135) |
|
Net assets
|
|
|
(25,905) |
|
|
(8,135) |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
(25,905) |
|
|
(8,135) |
| |
NOTES TO THE ACCOUNTS
General Information
Nan Fang Ltd is a private company, limited by shares, registered in England and Wales, registration number 14400003, registration address Glasshouse Suite 2f1, Alderley Park Congleton Road, Macclesfield, Cheshire, SK10 4ZE.
| 1. |
Accounting policies
Significant accounting policies
The principle 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 complianceThese financial statements have been prepared in compliance with FRS 105 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.
Going concern basis
The company relies on the support of it's director to continue to operate, the director expect this support to continue and as such have prepared the accounts on the going concern basis.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Current tax liabilities and assets are recognised for current and prior period taxes, measured at the rates that have
been enacted or substantively enacted by the end of the reporting period.
Deferred tax assets and liabilities are the income taxes recoverable or payable in future periods as a result of
differences between the amounts attributed to assets and liabilities from applying IFRS Accounting Standards and
the amounts those assets and liabilities are attributed for tax purposes (called temporary differences).
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
|
| 2. |
Average number of employees
Average number of employees during the year was 2 (2024 : 3).
|
For the year ended 31 October 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 18 July 2026 and were signed by: --------------------------------
NAN Fang
Director |
2
|