EMPIRE ASSET HOLDINGS LTD

Company Registration Number:
14049704 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2023

Period of accounts

Start date: 15 April 2022

End date: 30 April 2023

EMPIRE ASSET HOLDINGS LTD

Contents of the Financial Statements

for the Period Ended 30 April 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

EMPIRE ASSET HOLDINGS LTD

Company Information

for the Period Ended 30 April 2023




Director: Aiden Yusuf
Mohammad Yousuf
Registered office: T M S House
Cray Avenue
Orpington
England
BR5 3QB
Company Registration Number: 14049704 (England and Wales)

EMPIRE ASSET HOLDINGS LTD

Directors' Report Period Ended 30 April 2023

The directors present their report with the financial statements of the company for the period ended 30 April 2023

Principal Activities

The company's principal activity during the period was that of a holding company of existing rental properties, new build development sites and SPVs.

Directors

The director(s) shown below were appointed to the company during the period
Aiden Yusuf
15 April 2022
Mohammad Yousuf
15 April 2022

This report was approved by the board of directors on 2 October 2023
And Signed On Behalf Of The Board By:

Name: Aiden Yusuf
Status: Director

Name: Mohammad Yousuf
Status: Director

EMPIRE ASSET HOLDINGS LTD

Profit and Loss Account

for the Period Ended 30 April 2023


Notes
13 months to
30 Apr 2023
£
Gross Profit or (Loss) 205,225
Administrative Expenses ( 24,000 )
Operating Profit or (Loss) 181,225
Profit or (Loss) Before Tax 181,225
Profit or (Loss) for Period 181,225

The notes form part of these financial statements

EMPIRE ASSET HOLDINGS LTD

Balance sheet

As at 30 April 2023


Notes
13 months to
30 Apr 2023
£
Fixed assets
Tangible assets: 4 2,167,000
Total fixed assets: 2,167,000
Current assets
Cash at bank and in hand: 251,000
Total current assets: 251,000
Net current assets (liabilities): 251,000
Total assets less current liabilities: 2,418,000
Total net assets (liabilities): 2,418,000

The notes form part of these financial statements

EMPIRE ASSET HOLDINGS LTD

Balance sheet continued

As at 30 April 2023


Notes
13 months to
30 Apr 2023
£
Capital and reserves
Called up share capital: 2,236,775
Profit and loss account: 181,225
Shareholders funds: 2,418,000

For the year ending 30 April 2023 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

This report was approved by the board of directors on 2 October 2023
And Signed On Behalf Of The Board By:

Name: Aiden Yusuf
Status: Director

Name: Mohammad Yousuf
Status: Director

The notes form part of these financial statements

EMPIRE ASSET HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

EMPIRE ASSET HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 2. Employees

    13 months to
    30 Apr 2023
    Average number of employees during the period 2

EMPIRE ASSET HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 3. Off balance sheet disclosure

    Further properties are held in trust; but construction is in progress. Empire Asset Holdings Ltd will become the beneficiary of the said properties once the relevant projects have been completed and the titles are unencumbered.

EMPIRE ASSET HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Tangible Assets

Total
Cost £
Additions -
Disposals -
Revaluations -
Transfers 2,167,000
At 30 April 2023 2,167,000
Depreciation
Charge for year -
On disposals -
Other adjustments -
At 30 April 2023 -
Net book value
At 30 April 2023 2,167,000

Empire Asset Holdings Ltd is the trustee and beneficiary of numerous properties that accrue rental incomes

EMPIRE ASSET HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

5. Revaluation reserve

13 months to
30 Apr 2023
£
Balance at 30 April 2023 0