Yuanyuan Holdings Ltd - Period Ending 2016-03-31

Registration number: 07178584

Yuanyuan Holdings Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Chatha & Co
Chartered Certified Accountant
115-116 Spon End
Coventry
West Midlands
CV1 3HF

Yuanyuan Holdings Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Yuanyuan Holdings Ltd
(Registration number: 07178584)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					342,132			347,752
Current assets
Debtors					1,301			2,418
Cash at bank and in hand					2,107			2,266
					3,408			4,684
Creditors: Amounts falling due within one year					(191,725)			(184,868)
Net current liabilities					(188,317)			(180,184)
Total assets less current liabilities					153,815			167,568
Creditors: Amounts falling due after more than one year					(145,636)			(160,794)
Net assets					8,179			6,774
Capital and reserves
Called up share capital		4			2			2
Profit and loss account					8,177			6,772
Shareholders' funds					8,179			6,774

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 21 December 2016 and signed on its behalf by:

.........................................
Mrs Wen Graham Pinkney
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Yuanyuan Holdings Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Buildings	2% straight line
Plant and machinery	20% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		365,714			365,714
At 31 March 2016		365,714			365,714
Depreciation
At 1 April 2015		17,962			17,962
Charge for the year		5,620			5,620
At 31 March 2016		23,582			23,582
Net book value
At 31 March 2016		342,132			342,132
At 31 March 2015		347,752			347,752

Page 2

Yuanyuan Holdings Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

3

Creditors

Included in the creditors are the following amounts due after more than five years:

		2016 £			2015 £
After more than five years by instalments		145,636			160,794

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

5	Related party transactions

Directors' advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mr Graham Pinkney
Interest free non instalment loian to the company.	158,718	-	158,618	18,781

Page 3