Pan Rui Limited - Period Ending 2021-06-30
Pan Rui Limited - Period Ending 2021-06-30
Registration number:
Pan Rui Limited
for the Year Ended 30 June 2021
Pan Rui Limited
Contents
Company Information |
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Directors' Report |
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Accountants' Report |
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Statement of comprehensive income |
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Statement of financial position |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
Pan Rui Limited
Company Information
Directors |
Mr Weipeng Gu Mr Rui Pan |
Registered office |
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Accountants |
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Pan Rui Limited
Directors' Report for the Year Ended 30 June 2021
The directors present their report and the financial statements for the year ended 30 June 2021.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is Management consultancy activities other than finacial management
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Pan Rui Limited
for the Year Ended 30 June 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pan Rui Limited for the year ended 30 June 2021 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.
This report is made solely to the Board of Directors of Pan Rui Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Pan Rui Limited and state those matters that we have agreed to state to the Board of Directors of Pan Rui Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pan Rui Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Pan Rui Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Pan Rui Limited. You consider that Pan Rui 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 accounts of Pan Rui 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 accounts.
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Chartered Certified Accountants & Business Advisers
King's Lynn
Norfolk
PE30 1HB
Pan Rui Limited
Statement of comprehensive income
for the Year Ended 30 June 2021
Note |
2021 |
2020 |
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Turnover |
- |
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Gross profit |
- |
|
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Administrative expenses |
( |
( |
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Operating (loss)/profit |
(552) |
3,878 |
|
(Loss)/profit before tax |
( |
|
|
Tax on (loss)/profit |
|
( |
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(Loss)/profit for the financial year |
( |
|
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Pan Rui Limited
(Registration number: 11412137)
Statement of financial position as at 30 June 2021
Note |
2021 |
2020 |
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Current assets |
|||
Debtors |
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|
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Creditors: Amounts falling due within one year |
( |
( |
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Net assets |
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|
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Capital and reserves |
|||
Called up share capital |
100 |
100 |
|
Retained earnings |
40,789 |
41,236 |
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Shareholders' funds |
40,889 |
41,336 |
For the financial year ending 30 June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Approved and authorised by the
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Pan Rui Limited
Statement of Changes in Equity for the Year Ended 30 June 2021
Share capital |
Retained earnings |
Total |
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At 1 July 2020 |
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Loss for the year |
- |
( |
( |
At 30 June 2021 |
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|
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Share capital |
Retained earnings |
Total |
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At 1 July 2019 |
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|
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Profit for the year |
- |
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At 30 June 2020 |
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Pan Rui Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2021
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
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 sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, 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.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income 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 taxable income.
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.
Pan Rui Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2021
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Debtors |
Current |
Note |
2021 |
2020 |
Amounts owed by related parties |
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Other debtors |
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Pan Rui Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2021
Creditors |
Creditors: amounts falling due within one year
2021 |
2020 |
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Due within one year |
||
trade creditors |
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- |
Accruals and deferred income |
|
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Other creditors |
( |
( |
Tax liability |
9,788 |
9,893 |
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Share capital |
Allotted, called up and fully paid shares
2021 |
2020 |
|||
No. |
£ |
No. |
£ |
|
|
|
100 |
|
100 |
Each share is entitled to one vote in any circumstances and each share is also entitled pari passu to dividend payments or any other distribution, including a distribution arising from a winding up of the company.
Related party transactions |
Summary of transactions with parent
Summary of transactions with entities with joint control or significant interest
Income and receivables from related parties
2021 |
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2020 |
Entities with joint control or significant influence |
Sale of goods |
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Loans to related parties
Pan Rui Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2021
2021 |
Parent |
Total |
At start of period |
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At end of period |
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2020 |
Parent |
Total |
Advanced |
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At end of period |
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Parent and ultimate parent undertaking |
The ultimate controlling party is