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REGISTERED NUMBER: 13289617 (England and Wales)

Unaudited Financial Statements

for the Period 24 March 2021 to 31 March 2022

for

Empire Special Situations 1 Limited

| Empire Special Situations 1 Limited (Registered number: 13289617) |

Contents of the Financial Statements

for the Period 24 March 2021 to 31 March 2022

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Empire Special Situations 1 Limited |

Company Information

for the Period 24 March 2021 to 31 March 2022

| DIRECTOR: | P T Rothwell

| REGISTERED OFFICE: | Empire House

| 92-98 Cleveland street

| Doncaster

| DN1 3DP

| REGISTERED NUMBER: | 13289617 (England and Wales)

| ACCOUNTANTS: | SKS Bailey Group Limited

| Wynyard Business Park

| Wynyard Avenue

| Billingham

| Cleveland

| TS22 5TB

| Empire Special Situations 1 Limited (Registered number: 13289617) |

Balance Sheet

31 March 2022

| Notes | £ |

| CURRENT ASSETS

| Debtors | 3 | 6,786,580 |  |

| Cash at bank and in hand | 10,937 |  |

6,797,517 |  |

| CREDITORS

| Amounts falling due within one year | 4 | (6,868,332 | ) |

| NET CURRENT LIABILITIES | (70,815 | ) |

| TOTAL ASSETS LESS CURRENT LIABILITIES | (70,815 | ) |

| CAPITAL AND RESERVES

| Called up share capital | 5 | 100 |  |

| Retained earnings | 6 | (70,915 | ) |

| SHAREHOLDERS' FUNDS | (70,815 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

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 4 October 2023 and were signed by:

P T Rothwell - Director

| Empire Special Situations 1 Limited (Registered number: 13289617) |

Notes to the Financial Statements

for the Period 24 March 2021 to 31 March 2022

1. | Accounting policies

| BASIS OF PREPARING THE FINANCIAL STATEMENTS

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

| TAXATION

| Taxation for the period 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 period 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.

2. | Employees and directors

| The average number of employees during the period was NIL.

3. | Debtors: amounts falling due within one year |

£ |

| Amounts owed by group undertakings | 200,237 |  |

| Other debtors | 6,586,343 |  |

6,786,580 |  |

4. | Creditors: amounts falling due within one year |

£ |

| Trade creditors | 30,173 |  |

| Amounts owed to group undertakings | 269,000 |  |

| Other creditors | 6,567,059 |  |

| Accrued expenses | 2,100 |  |

6,868,332 |  |

| Empire Special Situations 1 Limited (Registered number: 13289617) |

Notes to the Financial Statements - continued

for the Period 24 March 2021 to 31 March 2022

5. | Called up share capital

| Allotted, issued and fully paid:

| Number: | Class: | Nominal

| value: | £ |

| 100 | Ordinary Shares | 1 | 100 |  |

6. | Reserves

| Retained

| earnings

£ |

| Deficit for the period | (70,915 | ) |

| At 31 March 2022 | (70,915 | ) |