1. Accurate company name, address and registration number 2. Memorandum and articles of association of the target business and its subsidiaries
3. Company registration certificate
4. List of shareholders and directors of the company
5. Does the business have all relevant documents in compliance with the appropriate regulations, such as certificates of title to the property

1. Annual report, including year-end financial statements for the last three years (audited if available) 2. Current financial statements/management accounts (income statement, balance sheet)
3. Has the target business received external funding?
4. Forecast data
5. This year's budget and reasons for differences
6. Financial/business plan for the next 3-5 years, including established goals
7. Financial Ratios
8. Has there been significant capital expenditure in the past 3 years?
9. Immediate capital expenditure requirements
10. Are there any unusual cash inflows/outflows?
11. What is the main use of cash generated from operations?
12. Details of short-term loans, long-term loans and all other borrowings including loan agreements, notes, mortgage and guarantee agreements and all financing arrangements including finance leases
13. Has there been any change in the financial situation in the past 5 years and if so, why?
14. Details of any contingent liabilities? and the cost of debt
15. Assets encumbered and copies of correspondence with lenders
16. What is the real net worth position of the target enterprise?
17. Accounting procedures
18. Has the target company applied for any government grants?
19. Month-end bank and cash book position summary for the current year and the previous two years
20. Obtain a copy of the auditor's letter and report

1. Complete fixed asset register (and general description/location) 2. Any recent valuation of the property
3. The construction period, service life and expected life of the house
4. What is the depreciation policy and is it reasonable?
5. Obtain a copy of the title deed for these assets
6. Are there any committed capital expenditures or requirements?
7. Financial details related to the lease of the property, including lease income and all costs
8. Analyze the rental income situation, rent escalation mechanism and tenants' operating conditions
9. Whether there are environmental risks or pollution problems in the real estate, resulting in price discount
10. All cost details of construction in progress
11. The construction quality of the real estate and the status of facilities and equipment
12. Whether there is a need for repair and update, and evaluate the cost and time of repair

1. System Structure and Function
2. Accuracy and completeness of data in financial systems
3. Analyze the accuracy and reliability of financial reports, including balance sheets, profit and loss statements, and cash flow statements.
4. Internal control measures for the financial system, including access control, authority management, and audit trails.
5. Financial system compliance, including compliance with relevant financial regulations and legal requirements.

6. Evaluate the business processes and process efficiencies supported by the financial system, such as procurement processes, sales processes, and reimbursement processes.

7. Check the integration and interface of financial system and other key systems, such as purchasing system, sales system and human resources system, etc.

1. Tax returns/documents, requirements for the last three years
2. Consider the tax implications of the proposed transaction and any more efficient ways of structuring the transaction
3. Summarize the tax planning arrangements for the past three years
4. Reconcile the taxes shown in the accounts with the current statutory tax rates
5. Describe the relevant accounting treatment of deferred income tax provision.
6. Does HMRC agree with the most recent tax calculations?
7. Has the company participated in any tax avoidance schemes?
8. Are taxes always filed on time? Have you been paying your taxes on time? Has the company ever been penalized?
9. Has the company ever been investigated by HMRC?
10. Details of any correspondence with tax authorities
11. Copies of tax calculations and letters, including the last three years.
12. Is there a backlog of taxes paid to any authority?
13. Does the company have any tax planning plans in recent years?
14. Is there a limit to the availability of any agreed tax losses?
15. Confirm that all relevant selections have been made on time and efficiently.
16. Copies of all tax clearances sought/received.
17. Confirm VAT status
18. A copy of the value-added tax return for the current year and the previous year
19. Value-added tax account (including value-added tax bad debt account), PAYE and national insurance account number
20. Salary and NI Information