Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsetruefalseNo description of principal activity2023-03-131trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14726263 2023-03-12 14726263 2023-03-13 2023-12-31 14726263 2022-03-31 2023-03-12 14726263 2023-12-31 14726263 c:Director1 2023-03-13 2023-12-31 14726263 d:LeaseholdInvestmentProperty 2023-03-13 2023-12-31 14726263 d:LeaseholdInvestmentProperty 2023-12-31 14726263 d:CurrentFinancialInstruments 2023-12-31 14726263 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14726263 d:ShareCapital 2023-12-31 14726263 d:RetainedEarningsAccumulatedLosses 2023-12-31 14726263 c:OrdinaryShareClass1 2023-03-13 2023-12-31 14726263 c:OrdinaryShareClass1 2023-12-31 14726263 c:FRS102 2023-03-13 2023-12-31 14726263 c:AuditExempt-NoAccountantsReport 2023-03-13 2023-12-31 14726263 c:FullAccounts 2023-03-13 2023-12-31 14726263 c:PrivateLimitedCompanyLtd 2023-03-13 2023-12-31 14726263 e:PoundSterling 2023-03-13 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14726263









SU EMPIRE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
SU EMPIRE LIMITED
REGISTERED NUMBER: 14726263

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2023
Note
£
£

Fixed assets
  

Investment property
 4 
16,622,535

  
16,622,535

Current assets
  

Debtors: amounts falling due within one year
 5 
388,731

  
388,731

Creditors: amounts falling due within one year
 6 
(16,917,378)

Net current (liabilities)/assets
  
 
 
(16,528,647)

Total assets less current liabilities
  
93,888

  

Net assets
  
93,888


Capital and reserves
  

Called up share capital 
 7 
1

Profit and loss account
  
93,887

  
93,888


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
B Su
Director
Page 1

 
SU EMPIRE LIMITED
REGISTERED NUMBER: 14726263
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023


Date: 21 August 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
SU EMPIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Su Empire Limited is a private company limited by shares registered in England and Wales. The address of the Company's registered office is 124 Finchley Road, London, United Kingdom, NW3 5JS. The company was incorporated on 13 March 2023 and commenced to trade on 22 August 2023. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue comprises turnover recognised by the Company in respect of rental income receivable during the year with amounts recognised in accordance with the underlying contractual arrangement on a straight line basis over the term of occupancy and is measured at the fair value of the consideration receivable.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.4

Investment properties

Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. After initial recognition, investment properties are carried at fair value derived from current market rent and investment property yields for comparable real estate; adjusted, where considered necessary, for differences in either the nature, location and/or condition of the specific real estate asset. No depreciation is provided against investment properties with changes in fair value recognised through profit or loss.
In accordance with Financial Reporting Standard 102, the fair value assessment is conducted annually by the director.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
SU EMPIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including the director, during the period was as follows:


        2023
            No.






Director
1


4.


Investment properties


Long term leasehold investment property

£



Valuation


Additions at cost
16,622,535



At 31 December 2023
16,622,535

The 2023 valuations were made by director, on an open market value for existing use basis.








5.


Debtors

2023
£


Trade debtors
355,321

Prepayments and accrued income
33,410

388,731

Page 4

 
SU EMPIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
3,204

Corporation tax
29,205

Other creditors
16,668,632

Accruals and deferred income
216,337

16,917,378



7.


Share capital

2023
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1


The shares were issued on 13 March 2023. The consideration was £1.


8.


Related party transactions

There is a non-interest bearing loan of £16,668,632 due to the director, Mr Binghai SU.


9.


Controlling party

The ultimate controlling party during the period was Mr Binghai SU.
Page 5