ACCOUNTS - Final Accounts

CHINA PATHWAYS LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2018-03-312018-03-31The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseNo description of principal activityfalse2017-04-01 06402279 2017-04-01 2018-03-31 06402279 2016-04-01 2017-03-31 06402279 2018-03-31 06402279 2017-03-31 06402279 c:Director3 2017-04-01 2018-03-31 06402279 d:CurrentFinancialInstruments 2018-03-31 06402279 d:CurrentFinancialInstruments 2017-03-31 06402279 d:CurrentFinancialInstruments d:WithinOneYear 2018-03-31 06402279 d:CurrentFinancialInstruments d:WithinOneYear 2017-03-31 06402279 d:ShareCapital 2018-03-31 06402279 d:ShareCapital 2017-03-31 06402279 d:RetainedEarningsAccumulatedLosses 2018-03-31 06402279 d:RetainedEarningsAccumulatedLosses 2017-03-31 06402279 c:FRS102 2017-04-01 2018-03-31 06402279 c:AuditExempt-NoAccountantsReport 2017-04-01 2018-03-31 06402279 c:FullAccounts 2017-04-01 2018-03-31 06402279 c:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31 iso4217:GBP xbrli:pure

Registered number: 06402279

CHINA PATHWAYS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

CHINA PATHWAYS LIMITED

REGISTERED NUMBER: 06402279

BALANCE SHEET

AS AT 31 MARCH 2018

		2018		2017
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	249		3
Cash at bank and in hand	5	15,140		18,509
		15,389		18,512
Creditors: amounts falling due within one year	6	(9,540)		(11,612)
Net current assets			5,849		6,900
Total assets less current liabilities			5,849		6,900

Net assets			5,849		6,900

Capital and reserves
Called up share capital	3	3
Profit and loss account	5,846	6,897
	5,849	6,900

The directors consider 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 Companies Act 2006.

The directors acknowledge their 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 by:

................................................

David Cronin

Director

Date: 18 December 2018

The notes on pages 3 to 5 form part of these financial statements.

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CHINA PATHWAYS LIMITED

REGISTERED NUMBER: 06402279

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2018

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CHINA PATHWAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

1.	General information

China Pathways Limited is a private company limited by shares, registered in the United Kingdom number 06402279. Its registered office is 26 Hulme Street, Manchester, M1 5BW.
During the year, the principal activity of the company continued to be that of the provision of overseas education and training courses and opportunities.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

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.

2.3

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.4

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.

2.5

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of

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CHINA PATHWAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

2.Accounting policies (continued)

2.5

Financial instruments (continued)

financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.7

Taxation

Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Employees

The average monthly number of employees, including directors, during the year was 2 (2017 - 3).

Debtors

					2018	2017
					£	£


Other debtors	246	-
Prepayments and accrued income	3	3
	249	3

5.	Cash and cash equivalents
		2018	2017
		£	£

Cash at bank and in hand	15,140	18,509
	15,140	18,509

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CHINA PATHWAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

6.	Creditors: Amounts falling due within one year
		2018	2017
		£	£

Trade creditors	3,363	3,363
Corporation tax	-	2,113
Other creditors	5,637	5,637
Accruals and deferred income	540	500
	9,540	11,613

7.	Transactions with directors

During the year David Cronin's directors loan account amounted to £1,287. This was made up of an
opening credit balance of £1,287. This is represented in other creditors.

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