REGISTERED NUMBER: 08790260 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2017

for

AKKORA MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Z Liu

D Xu

REGISTERED OFFICE:

International House

24 Holborn Viaduct

EC1A 2BN

REGISTERED NUMBER:

08790260 (England and Wales)

ACCOUNTANTS:

TMF Accountants

1st Floor

5 Mount Street

London

W1K 3NE

FIXED ASSETS

Tangible assets

4

98,706

105,793

CURRENT ASSETS

Stocks

49,246

3,513

Debtors

5

116,993

114,631

Cash at bank

4,259

24,065

170,498

142,209

CREDITORS

Amounts falling due within one year

6

31,580

17,330

NET CURRENT ASSETS

138,918

124,879

TOTAL ASSETS LESS CURRENT LIABILITIES

237,624

230,672

CREDITORS

Amounts falling due after more than one year

7

280,000

280,000

NET LIABILITIES

(42,376

)

(49,328

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(42,386

)

(49,338

)

SHAREHOLDERS' FUNDS

(42,376

)

(49,328

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 8 August 2018 and were signed on its behalf by:

Z Liu - Director

1.	STATUTORY INFORMATION

AKKORA MANAGEMENT LIMITED is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address can be

found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 December 2016

165,302

-

165,302

Additions

-

17,589

17,589

At 30 November 2017

165,302

17,589

182,891

DEPRECIATION

At 1 December 2016

59,509

-

59,509

Charge for year

21,158

3,518

24,676

At 30 November 2017

80,667

3,518

84,185

NET BOOK VALUE

At 30 November 2017

84,635

14,071

98,706

At 30 November 2016

105,793

-

105,793

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Trade debtors

19,398

89,630

Rent deposit

25,000

25,000

Directors' current accounts

-

1

Accruals

72,595

-

116,993

114,631

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Social security and other taxes

368

589

VAT

2,322

3,308

Other creditors

-

3,000

Wages Control account

3,823

6,313

Director Curr a/c Z Liu

23,567

2,620

Accrued expenses

1,500

1,500

31,580

17,330

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.17

30.11.16

£

£

Director Loan - Dongmin Xu

280,000

280,000