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Company Registration No. 14024358 (England and Wales)
Empowered Properties Ltd Filleted accounts for the year ended 30 April 2023
Empowered Properties Ltd Filleted accounts Contents
Page
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Empowered Properties Ltd Company Information for the year ended 30 April 2023
Directors
Enemute Flinders Ian Flinders
Company Number
14024358 (England and Wales)
Registered Office
10 Arkwright Road Sanderstead Surrey CR2 0LD
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Empowered Properties Ltd Statement of financial position as at 30 April 2023
2023 
Notes
£ 
Fixed assets
Investment property
1,890,319 
Current assets
Debtors
13,163 
Cash at bank and in hand
79,433 
92,596 
Creditors: amounts falling due within one year
(2,034,651)
Net current liabilities
(1,942,055)
Net liabilities
(51,736)
Capital and reserves
Called up share capital
100 
Profit and loss account
(51,836)
Shareholders' funds
(51,736)
For the year ending 30 April 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2024 and were signed on its behalf by
Enemute Flinders Director Company Registration No. 14024358
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Empowered Properties Ltd Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Empowered Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 14024358. The registered office is 10 Arkwright Road, Sanderstead, Surrey, CR2 0LD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2023 
£ 
Additions
1,890,319 
At 30 April 2023
1,890,319 
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Empowered Properties Ltd Notes to the Accounts for the year ended 30 April 2023
5
Debtors
2023 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
11,000 
Accrued income and prepayments
2,163 
13,163 
6
Creditors: amounts falling due within one year
2023 
£ 
Amounts owed to group undertakings and other participating interests
22,000 
Loans from directors
2,011,975 
Accruals
676 
2,034,651 
7
Share capital
2023 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
Shares issued during the period:
100 Ordinary shares of £1 each
100 
8
Average number of employees
During the year the average number of employees was 1.
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