Company Registration No. 13840799 (England and Wales)
EMPIRE PROPERTIES (SOUTH WEST) LTD
Unaudited accounts
for the year ended 31 December 2023
EMPIRE PROPERTIES (SOUTH WEST) LTD
Unaudited accounts
Contents
EMPIRE PROPERTIES (SOUTH WEST) LTD
Company Information
for the year ended 31 December 2023
Directors
Matthew Anthony Yates
Rosie Marie Yates
Company Number
13840799 (England and Wales)
Registered Office
UNIT 4 OLYMPUS BUSINESS PARK
KINGSTEIGNTON ROAD
NEWTON ABBOT
TQ12 2SN
ENGLAND
Accountants
Mrs Catherine Flannery, FMAAT, FCCA, BSc (Hons)
South Devon Accounting Ltd
6 Orchard Close
Ogwell
Newton Abbot
TQ12 6AL
EMPIRE PROPERTIES (SOUTH WEST) LTD
Statement of financial position
as at 31 December 2023
Tangible assets
319,578
257,872
Cash at bank and in hand
4,321
68,506
Creditors: amounts falling due within one year
(269,879)
(242,773)
Net current liabilities
(265,849)
(171,748)
Total assets less current liabilities
53,729
86,124
Creditors: amounts falling due after more than one year
(98,753)
(98,753)
Provisions for liabilities
Deferred tax
(13,220)
(748)
Net liabilities
(58,244)
(13,377)
Called up share capital
2
2
Profit and loss account
(58,246)
(13,379)
Shareholders' funds
(58,244)
(13,377)
For the year ending 31 December 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 4 September 2024 and were signed on its behalf by
Rosie Marie Yates
Director
Company Registration No. 13840799
EMPIRE PROPERTIES (SOUTH WEST) LTD
Notes to the Accounts
for the year ended 31 December 2023
EMPIRE PROPERTIES (SOUTH WEST) LTD is a private company, limited by shares, registered in England and Wales, registration number 13840799. The registered office is UNIT 4 OLYMPUS BUSINESS PARK, KINGSTEIGNTON ROAD, NEWTON ABBOT, TQ12 2SN, ENGLAND.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance Basis
Fixtures & fittings
25% Reducing Balance Basis
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.
EMPIRE PROPERTIES (SOUTH WEST) LTD
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
253,935
5,249
-
259,184
Additions
-
-
78,363
78,363
At 31 December 2023
253,935
5,249
78,363
337,547
At 1 January 2023
-
1,312
-
1,312
Charge for the year
-
984
15,673
16,657
At 31 December 2023
-
2,296
15,673
17,969
At 31 December 2023
253,935
2,953
62,690
319,578
At 31 December 2022
253,935
3,937
-
257,872
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
267,327
241,770
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).