2022-07-012023-06-302023-06-30false12062729EMPIRE INDUSTRIAL PROPERTIES LTD2023-08-0468209iso4217:GBPxbrli:pure120627292022-07-01120627292023-06-30120627292022-07-012023-06-30120627292021-07-01120627292022-06-30120627292021-07-012022-06-3012062729bus:SmallEntities2022-07-012023-06-3012062729bus:AuditExempt-NoAccountantsReport2022-07-012023-06-3012062729bus:AbridgedAccounts2022-07-012023-06-3012062729bus:PrivateLimitedCompanyLtd2022-07-012023-06-3012062729core:WithinOneYear2023-06-3012062729core:AfterOneYear2023-06-3012062729core:WithinOneYear2022-06-3012062729core:AfterOneYear2022-06-3012062729core:ShareCapital2023-06-3012062729core:SharePremium2023-06-3012062729core:RevaluationReserve2023-06-3012062729core:OtherReservesSubtotal2023-06-3012062729core:RetainedEarningsAccumulatedLosses2023-06-3012062729core:ShareCapital2022-06-3012062729core:SharePremium2022-06-3012062729core:RevaluationReserve2022-06-3012062729core:OtherReservesSubtotal2022-06-3012062729core:RetainedEarningsAccumulatedLosses2022-06-3012062729core:LandBuildings2023-06-3012062729core:PlantMachinery2023-06-3012062729core:Vehicles2023-06-3012062729core:FurnitureFittings2023-06-3012062729core:OfficeEquipment2023-06-3012062729core:NetGoodwill2023-06-3012062729core:IntangibleAssetsOtherThanGoodwill2023-06-3012062729core:ListedExchangeTraded2023-06-3012062729core:UnlistedNon-exchangeTraded2023-06-3012062729core:LandBuildings2022-06-3012062729core:PlantMachinery2022-06-3012062729core:Vehicles2022-06-3012062729core:FurnitureFittings2022-06-3012062729core:OfficeEquipment2022-06-3012062729core:NetGoodwill2022-06-3012062729core:IntangibleAssetsOtherThanGoodwill2022-06-3012062729core:ListedExchangeTraded2022-06-3012062729core:UnlistedNon-exchangeTraded2022-06-3012062729core:LandBuildings2022-07-012023-06-3012062729core:PlantMachinery2022-07-012023-06-3012062729core:Vehicles2022-07-012023-06-3012062729core:FurnitureFittings2022-07-012023-06-3012062729core:OfficeEquipment2022-07-012023-06-3012062729core:NetGoodwill2022-07-012023-06-3012062729core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3012062729core:ListedExchangeTraded2022-07-012023-06-3012062729core:UnlistedNon-exchangeTraded2022-07-012023-06-3012062729core:MoreThanFiveYears2022-07-012023-06-3012062729core:Non-currentFinancialInstruments2023-06-3012062729core:Non-currentFinancialInstruments2022-06-3012062729dpl:CostSales2022-07-012023-06-3012062729dpl:DistributionCosts2022-07-012023-06-3012062729dpl:AdministrativeExpenses2022-07-012023-06-3012062729core:LandBuildings2022-07-012023-06-3012062729core:PlantMachinery2022-07-012023-06-3012062729core:Vehicles2022-07-012023-06-3012062729core:FurnitureFittings2022-07-012023-06-3012062729core:OfficeEquipment2022-07-012023-06-3012062729core:NetGoodwill2022-07-012023-06-3012062729core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3012062729dpl:GroupUndertakings2022-07-012023-06-3012062729dpl:ParticipatingInterests2022-07-012023-06-3012062729dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3012062729core:ListedExchangeTraded2022-07-012023-06-3012062729dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3012062729core:UnlistedNon-exchangeTraded2022-07-012023-06-3012062729dpl:CostSales2021-07-012022-06-3012062729dpl:DistributionCosts2021-07-012022-06-3012062729dpl:AdministrativeExpenses2021-07-012022-06-3012062729core:LandBuildings2021-07-012022-06-3012062729core:PlantMachinery2021-07-012022-06-3012062729core:Vehicles2021-07-012022-06-3012062729core:FurnitureFittings2021-07-012022-06-3012062729core:OfficeEquipment2021-07-012022-06-3012062729core:NetGoodwill2021-07-012022-06-3012062729core:IntangibleAssetsOtherThanGoodwill2021-07-012022-06-3012062729dpl:GroupUndertakings2021-07-012022-06-3012062729dpl:ParticipatingInterests2021-07-012022-06-3012062729dpl:GroupUndertakingscore:ListedExchangeTraded2021-07-012022-06-3012062729core:ListedExchangeTraded2021-07-012022-06-3012062729dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-07-012022-06-3012062729core:UnlistedNon-exchangeTraded2021-07-012022-06-3012062729core:NetGoodwill2023-06-3012062729core:IntangibleAssetsOtherThanGoodwill2023-06-3012062729core:LandBuildings2023-06-3012062729core:PlantMachinery2023-06-3012062729core:Vehicles2023-06-3012062729core:FurnitureFittings2023-06-3012062729core:OfficeEquipment2023-06-3012062729core:AfterOneYear2023-06-3012062729core:WithinOneYear2023-06-3012062729core:ListedExchangeTraded2023-06-3012062729core:UnlistedNon-exchangeTraded2023-06-3012062729core:ShareCapital2023-06-3012062729core:SharePremium2023-06-3012062729core:RevaluationReserve2023-06-3012062729core:OtherReservesSubtotal2023-06-3012062729core:RetainedEarningsAccumulatedLosses2023-06-3012062729core:NetGoodwill2022-06-3012062729core:IntangibleAssetsOtherThanGoodwill2022-06-3012062729core:LandBuildings2022-06-3012062729core:PlantMachinery2022-06-3012062729core:Vehicles2022-06-3012062729core:FurnitureFittings2022-06-3012062729core:OfficeEquipment2022-06-3012062729core:AfterOneYear2022-06-3012062729core:WithinOneYear2022-06-3012062729core:ListedExchangeTraded2022-06-3012062729core:UnlistedNon-exchangeTraded2022-06-3012062729core:ShareCapital2022-06-3012062729core:SharePremium2022-06-3012062729core:RevaluationReserve2022-06-3012062729core:OtherReservesSubtotal2022-06-3012062729core:RetainedEarningsAccumulatedLosses2022-06-3012062729core:NetGoodwill2021-07-0112062729core:IntangibleAssetsOtherThanGoodwill2021-07-0112062729core:LandBuildings2021-07-0112062729core:PlantMachinery2021-07-0112062729core:Vehicles2021-07-0112062729core:FurnitureFittings2021-07-0112062729core:OfficeEquipment2021-07-0112062729core:AfterOneYear2021-07-0112062729core:WithinOneYear2021-07-0112062729core:ListedExchangeTraded2021-07-0112062729core:UnlistedNon-exchangeTraded2021-07-0112062729core:ShareCapital2021-07-0112062729core:SharePremium2021-07-0112062729core:RevaluationReserve2021-07-0112062729core:OtherReservesSubtotal2021-07-0112062729core:RetainedEarningsAccumulatedLosses2021-07-0112062729core:AfterOneYear2022-07-012023-06-3012062729core:WithinOneYear2022-07-012023-06-3012062729core:Non-currentFinancialInstrumentscore:CostValuation2022-07-012023-06-3012062729core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-07-012023-06-3012062729core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-07-012023-06-3012062729core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-07-012023-06-3012062729core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-07-012023-06-3012062729core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-07-012023-06-3012062729core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-07-012023-06-3012062729core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-07-012023-06-3012062729core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-07-012023-06-3012062729core:Non-currentFinancialInstrumentscore:CostValuation2023-06-3012062729core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-06-3012062729core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-06-3012062729core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-06-3012062729core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-06-3012062729core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-06-3012062729core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-06-3012062729core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-06-3012062729core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-06-3012062729core:Non-currentFinancialInstrumentscore:CostValuation2022-06-3012062729core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-06-3012062729core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-06-3012062729core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-06-3012062729core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-06-3012062729core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-06-3012062729core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-06-3012062729core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-06-3012062729core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-06-3012062729bus:Director12022-07-012023-06-3012062729bus:Director22022-07-012023-06-30120627291bus:Director12022-07-01120627291bus:Director12022-07-012023-06-30120627291bus:Director12023-06-30120627292bus:Director22022-07-01120627292bus:Director22022-07-012023-06-30120627292bus:Director22023-06-30120627292022-07-01120627292022-07-012023-06-30120627292023-06-30

EMPIRE INDUSTRIAL PROPERTIES LTD

Registered Number
12062729
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

EMPIRE INDUSTRIAL PROPERTIES LTD
Company Information
for the year from 1 July 2022 to 30 June 2023

Directors

BUNDY, David
WILSON, Andrew

Registered Address

Unit 36 City Industrial Park
Southern Road
Southampton
SO15 1HA

Registered Number

12062729 (England and Wales)
EMPIRE INDUSTRIAL PROPERTIES LTD
Balance Sheet as at
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets6430,000392,300
Investments82-
430,002392,300
Current assets
Debtors1,5581,853
Cash at bank and on hand15,80036,355
17,35838,208
Creditors amounts falling due within one year11(320,308)(314,225)
Net current assets (liabilities)(302,950)(276,017)
Total assets less current liabilities127,052116,283
Creditors amounts falling due after one year12(91,508)(120,860)
Net assets35,544(4,577)
Capital and reserves
Called up share capital1,0001,000
Profit and loss account34,544(5,577)
Shareholders' funds35,544(4,577)
The financial statements were approved and authorised for issue by the Board of Directors on 4 August 2023, and are signed on its behalf by:
BUNDY, David
Director
WILSON, Andrew
Director

Registered Company No. 12062729
EMPIRE INDUSTRIAL PROPERTIES LTD
Notes to the Financial Statements
for the year ended 30 June 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
5.Employee information

20232022
Average number of employees during the year22
6.Property, plant and equipment

Total

£
Cost or valuation
At 01 July 22392,300
Revaluations37,702
Disposals(2)
At 30 June 23430,000
Net book value
At 30 June 23430,000
At 30 June 22392,300
7.Revaluation of property, plant and equipment
Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value are recognised through the profit and loss account.

2023

2022

££
Property, plant and equipment / tangible fixed assets430,000-
8.Fixed asset investments

Total

£
Cost or valuation
Additions2
At 30 June 232
Net book value
At 30 June 232
At 30 June 22-
9.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
BUNDY, David36500365
WILSON, Andrew36500365
73000730
10.Debtors within one year

2023

2022

££
Trade debtors / trade receivables-1,123
Amounts owed by associates and joint ventures / participating interests730730
Prepayments and accrued income828-
Total1,5581,853
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
11.Creditors within one year

2023

2022

££
Trade creditors / trade payables86370
Bank borrowings and overdrafts11,16011,640
Taxation and social security339726
Other creditors301,921301,095
Accrued liabilities and deferred income6,025694
Total320,308314,225
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
12.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts91,508120,860
Total91,508120,860