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REGISTERED NUMBER: 03223682 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Empty Glass Limited

Empty Glass Limited (Registered number: 03223682)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Empty Glass Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: A R Marshall
A J Kenley
J E Price
B F Thornberry
G J Dyer
Y Kenley
S Marshall
S Price
K Sullivan





REGISTERED OFFICE: 39 Main Street
Burton Joyce
Nottingham
NG14 5DX





REGISTERED NUMBER: 03223682 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Alexandra House
43 Alexandra St
Nottingham
Nottinghamshire
NG5 1AY

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Empty Glass Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Empty Glass Limited for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Empty Glass Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Empty Glass Limited and state those matters that we have agreed to state to the Board of Directors of Empty Glass Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Empty Glass Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Empty Glass Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Empty Glass Limited. You consider that Empty Glass Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Empty Glass Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Alexandra House
43 Alexandra St
Nottingham
Nottinghamshire
NG5 1AY


24 November 2023

Empty Glass Limited (Registered number: 03223682)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 530,000 530,000

CURRENT ASSETS
Debtors 5 32,187 3,965
Cash at bank 1,086 37,146
33,273 41,111
CREDITORS
Amounts falling due within one year 6 14,157 2,863
NET CURRENT ASSETS 19,116 38,248
TOTAL ASSETS LESS CURRENT
LIABILITIES

549,116

568,248

PROVISIONS FOR LIABILITIES - 17,674
NET ASSETS 549,116 550,574

CAPITAL AND RESERVES
Called up share capital 285 285
Revaluation reserve 7 242,082 242,082
Retained earnings 306,749 308,207
549,116 550,574

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 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 Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by:





A R Marshall - Director


Empty Glass Limited (Registered number: 03223682)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Empty Glass 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 preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation
of certain financial assets and liabilities and investment properties measured at fair value through profit
or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity rounded
to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents
amounts receivable for rental income from the investment property.

Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the
reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that
it relates to items recognised in other comprehensive income or directly in capital and reserves. In this
case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax
losses and other deferred tax assets are recognised to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is
measured using the tax rates and laws that have been enacted or substantively enacted by the
reporting date that are expected to apply to the reversal of the timing difference.

Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount
being estimated where such indicators exist. Where the carrying value exceeds the recoverable
amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at
each reporting date.

Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past
event, it is probable that the entity will be required to transfer economic benefits in settlement and the
amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the
statement of financial position and the amount of the provision as an expense.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the
contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement
constitutes a financing transaction, where it is recognised at the present value of the future payments
discounted at a market rate of interest for a similar debt instrument.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 6 ) .

Empty Glass Limited (Registered number: 03223682)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. PROPERTY, PLANT AND EQUIPMENT
Investment
properties
£   
COST OR VALUATION
At 1 July 2022
and 30 June 2023 530,000
NET BOOK VALUE
At 30 June 2023 530,000
At 30 June 2022 530,000

Cost or valuation at 30 June 2023 is represented by:

Land and
buildings
£   
Valuation in 2022 530,000

If Investment Property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 256,944 256,944

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 24,065 -
Other debtors 8,122 3,965
32,187 3,965

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,175 1,362
Taxation and social security 8,122 601
Other creditors 860 900
14,157 2,863

7. RESERVES
Revaluation
reserve
£   
At 1 July 2022
and 30 June 2023 242,082

Empty Glass Limited (Registered number: 03223682)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
A R Marshall
Balance outstanding at start of year 3,965 29,410
Amounts advanced 30,065 6,478
Amounts repaid (6,000 ) (31,923 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,030 3,965