| MINGZE HOLDING LIMITED |
| Registered number: |
14025340 |
| Balance Sheet |
| as at 30 April 2023 |
|
| Notes |
|
|
2023 |
|
| £ |
|
| Fixed assets |
| Investment property |
3 |
|
|
225,000 |
|
| Current assets |
| Cash at bank and in hand |
|
|
6,052 |
|
| Creditors: amounts falling due within one year |
4 |
|
(204,122) |
|
| Net current liabilities |
|
|
|
(198,070) |
|
|
| Total assets less current liabilities |
|
|
|
26,930 |
|
|
|
| Provisions for liabilities |
|
|
|
(4,528) |
|
|
| Net assets |
|
|
|
22,402 |
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
| Fair value reserve |
|
|
|
19,301 |
| Profit and loss account |
|
|
|
3,001 |
|
| Shareholder's funds |
|
|
|
22,402 |
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Ms Mi Wang |
| Director |
| Approved by the board on 28 March 2024 |
|
| MINGZE HOLDING LIMITED |
| Notes to the Accounts |
| for the period from 5 April 2022 to 30 April 2023 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Revenue recognition |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover represents rentals receivable, and is recognised when the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. |
|
|
Investment property |
|
Investment property is included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2023 |
|
| Number |
|
|
|
Average number of persons employed by the company |
0 |
|
|
|
|
|
|
|
|
|
| 3 |
Investment property |
|
| Investment |
| property |
| £ |
|
Cost |
|
Additions |
201,171 |
|
Revaluation |
23,829 |
|
|
At 30 April 2023 |
225,000 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 30 April 2023 |
201,171 |
|
|
|
|
|
|
|
|
|
|
The director estimated a revaluation to £225,000 based on the market value of the property, deferred taxation of £4,528 has been provided. |
|
|
| 4 |
Creditors: amounts falling due within one year |
2023 |
|
| £ |
|
|
|
Taxation and social security costs |
704 |
|
Other creditors |
203,418 |
|
|
|
|
|
|
204,122 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Other information |
|
|
MINGZE HOLDING LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
34 Palladian Gardens |
|
London |
|
England |
|
W4 2ER |
