REGISTERED NUMBER: |
Baiyun Power UK Limited |
Financial Statements |
for the Year Ended 30th April 2023 |
REGISTERED NUMBER: |
Baiyun Power UK Limited |
Financial Statements |
for the Year Ended 30th April 2023 |
Baiyun Power UK Limited (Registered number: 10720676) |
Contents of the Financial Statements |
for the Year Ended 30th April 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Baiyun Power UK Limited |
Company Information |
for the Year Ended 30th April 2023 |
Director: |
Registered office: |
Registered number: |
Auditors: |
Accountants & Statutory Auditor |
4th Floor |
100 Fenchurch Street |
London |
EC3M 5JD |
Accountants: |
4th Floor |
100 Fenchurch Street |
London |
EC3M 5JD |
Baiyun Power UK Limited (Registered number: 10720676) |
Statement of Financial Position |
30th April 2023 |
2023 | 2022 |
Notes | £ | £ |
Current assets |
Cash at bank |
Creditors |
Amounts falling due within one year | 4 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
Shareholders' funds | ( |
) | ( |
) |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Baiyun Power UK Limited (Registered number: 10720676) |
Notes to the Financial Statements |
for the Year Ended 30th April 2023 |
1. | Statutory information |
Baiyun Power UK Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Accounting policies |
Basis of preparing the financial statements |
At the balance sheet date, the company's current liabilities exceeded its current assets. The company has received assurance from the investors that it will continue to give financial support to the company for twelve months from the date of signing these financial statements and defer payment of its loan in favour of other creditors. |
On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's financial statements may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The financial statements do not include any adjustments to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate. |
Preparation of consolidated financial statements |
The company was previously exempt under section 401 of the Companies Act 2006 as it was a 100% owned subsidiary undertaking of Baiyun Power Group Company Limited, whose registered office is: No. 1 Dangpu Street, Shilongxu, Shenshan Town, Baiyun District, Guangzhou City, China. |
As at 12th April 2023, the company is no longer part of the group. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
3. | Employees and directors |
The average number of employees during the year was |
Baiyun Power UK Limited (Registered number: 10720676) |
Notes to the Financial Statements - continued |
for the Year Ended 30th April 2023 |
4. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
5. | Disclosure under Section 444(5B) of the Companies Act 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
6. | Related party disclosures |
At the year end the company owed its director £1,820 (2022: £3,741) The loan is repayable on demand and no interest is charged. |
A balance of £105,000 (2022: £135,000) was owed to Baiyun Power Group Company Limited, who are a shareholder of the company. |
7. | Ultimate controlling party |
Since the 12th April 2023, the ultimate controlling party has been Ms L Yang, the director of the company. |
Prior to this, the ultimate parent company was Baiyun Power Group Company Limited whose registered office is No. 1 Dangpu Street, Shilongxu, Shenshan Town, Baiyun District, Guangzhou City, China. |