2023-07-012024-06-302024-06-30false12062729EMPIRE INDUSTRIAL PROPERTIES LTD2024-08-2468209iso4217:GBPxbrli:pure120627292023-07-01120627292024-06-30120627292023-07-012024-06-30120627292022-07-01120627292023-06-30120627292022-07-012023-06-3012062729bus:SmallEntities2023-07-012024-06-3012062729bus:AuditExempt-NoAccountantsReport2023-07-012024-06-3012062729bus:AbridgedAccounts2023-07-012024-06-3012062729bus:PrivateLimitedCompanyLtd2023-07-012024-06-3012062729core:WithinOneYear2024-06-3012062729core:AfterOneYear2024-06-3012062729core:WithinOneYear2023-06-3012062729core:AfterOneYear2023-06-3012062729core:ShareCapital2024-06-3012062729core:SharePremium2024-06-3012062729core:RevaluationReserve2024-06-3012062729core:OtherReservesSubtotal2024-06-3012062729core:RetainedEarningsAccumulatedLosses2024-06-3012062729core:ShareCapital2023-06-3012062729core:SharePremium2023-06-3012062729core:RevaluationReserve2023-06-3012062729core:OtherReservesSubtotal2023-06-3012062729core:RetainedEarningsAccumulatedLosses2023-06-3012062729core:LandBuildings2024-06-3012062729core:PlantMachinery2024-06-3012062729core:Vehicles2024-06-3012062729core:FurnitureFittings2024-06-3012062729core:OfficeEquipment2024-06-3012062729core:NetGoodwill2024-06-3012062729core:IntangibleAssetsOtherThanGoodwill2024-06-3012062729core:ListedExchangeTraded2024-06-3012062729core:UnlistedNon-exchangeTraded2024-06-3012062729core:LandBuildings2023-06-3012062729core:PlantMachinery2023-06-3012062729core:Vehicles2023-06-3012062729core:FurnitureFittings2023-06-3012062729core:OfficeEquipment2023-06-3012062729core:NetGoodwill2023-06-3012062729core:IntangibleAssetsOtherThanGoodwill2023-06-3012062729core:ListedExchangeTraded2023-06-3012062729core:UnlistedNon-exchangeTraded2023-06-3012062729core:LandBuildings2023-07-012024-06-3012062729core:PlantMachinery2023-07-012024-06-3012062729core:Vehicles2023-07-012024-06-3012062729core:FurnitureFittings2023-07-012024-06-3012062729core:OfficeEquipment2023-07-012024-06-3012062729core:NetGoodwill2023-07-012024-06-3012062729core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3012062729core:ListedExchangeTraded2023-07-012024-06-3012062729core:UnlistedNon-exchangeTraded2023-07-012024-06-3012062729core:MoreThanFiveYears2023-07-012024-06-3012062729core:Non-currentFinancialInstruments2024-06-3012062729core:Non-currentFinancialInstruments2023-06-3012062729dpl:CostSales2023-07-012024-06-3012062729dpl:DistributionCosts2023-07-012024-06-3012062729core:LandBuildings2023-07-012024-06-3012062729core:PlantMachinery2023-07-012024-06-3012062729core:Vehicles2023-07-012024-06-3012062729core:FurnitureFittings2023-07-012024-06-3012062729core:OfficeEquipment2023-07-012024-06-3012062729dpl:AdministrativeExpenses2023-07-012024-06-3012062729core:NetGoodwill2023-07-012024-06-3012062729core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3012062729dpl:GroupUndertakings2023-07-012024-06-3012062729dpl:ParticipatingInterests2023-07-012024-06-3012062729dpl:GroupUndertakingscore:ListedExchangeTraded2023-07-012024-06-3012062729core:ListedExchangeTraded2023-07-012024-06-3012062729dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-07-012024-06-3012062729core:UnlistedNon-exchangeTraded2023-07-012024-06-3012062729dpl:CostSales2022-07-012023-06-3012062729dpl:DistributionCosts2022-07-012023-06-3012062729core:LandBuildings2022-07-012023-06-3012062729core:PlantMachinery2022-07-012023-06-3012062729core:Vehicles2022-07-012023-06-3012062729core:FurnitureFittings2022-07-012023-06-3012062729core:OfficeEquipment2022-07-012023-06-3012062729dpl:AdministrativeExpenses2022-07-012023-06-3012062729core:NetGoodwill2022-07-012023-06-3012062729core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3012062729dpl:GroupUndertakings2022-07-012023-06-3012062729dpl:ParticipatingInterests2022-07-012023-06-3012062729dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3012062729core:ListedExchangeTraded2022-07-012023-06-3012062729dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3012062729core:UnlistedNon-exchangeTraded2022-07-012023-06-3012062729core:NetGoodwill2024-06-3012062729core:IntangibleAssetsOtherThanGoodwill2024-06-3012062729core:LandBuildings2024-06-3012062729core:PlantMachinery2024-06-3012062729core:Vehicles2024-06-3012062729core:FurnitureFittings2024-06-3012062729core:OfficeEquipment2024-06-3012062729core:AfterOneYear2024-06-3012062729core:WithinOneYear2024-06-3012062729core:ListedExchangeTraded2024-06-3012062729core:UnlistedNon-exchangeTraded2024-06-3012062729core:ShareCapital2024-06-3012062729core:SharePremium2024-06-3012062729core:RevaluationReserve2024-06-3012062729core:OtherReservesSubtotal2024-06-3012062729core:RetainedEarningsAccumulatedLosses2024-06-3012062729core:NetGoodwill2023-06-3012062729core:IntangibleAssetsOtherThanGoodwill2023-06-3012062729core:LandBuildings2023-06-3012062729core:PlantMachinery2023-06-3012062729core:Vehicles2023-06-3012062729core:FurnitureFittings2023-06-3012062729core:OfficeEquipment2023-06-3012062729core:AfterOneYear2023-06-3012062729core:WithinOneYear2023-06-3012062729core:ListedExchangeTraded2023-06-3012062729core:UnlistedNon-exchangeTraded2023-06-3012062729core:ShareCapital2023-06-3012062729core:SharePremium2023-06-3012062729core:RevaluationReserve2023-06-3012062729core:OtherReservesSubtotal2023-06-3012062729core:RetainedEarningsAccumulatedLosses2023-06-3012062729core:NetGoodwill2022-07-0112062729core:IntangibleAssetsOtherThanGoodwill2022-07-0112062729core:LandBuildings2022-07-0112062729core:PlantMachinery2022-07-0112062729core:Vehicles2022-07-0112062729core:FurnitureFittings2022-07-0112062729core:OfficeEquipment2022-07-0112062729core:AfterOneYear2022-07-0112062729core:WithinOneYear2022-07-0112062729core:ListedExchangeTraded2022-07-0112062729core:UnlistedNon-exchangeTraded2022-07-0112062729core:ShareCapital2022-07-0112062729core:SharePremium2022-07-0112062729core:RevaluationReserve2022-07-0112062729core:OtherReservesSubtotal2022-07-0112062729core:RetainedEarningsAccumulatedLosses2022-07-0112062729core:AfterOneYear2023-07-012024-06-3012062729core:WithinOneYear2023-07-012024-06-3012062729core:Non-currentFinancialInstrumentscore:CostValuation2023-07-012024-06-3012062729core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-07-012024-06-3012062729core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-07-012024-06-3012062729core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-07-012024-06-3012062729core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-012024-06-3012062729core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-07-012024-06-3012062729core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3012062729core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3012062729core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3012062729core:Non-currentFinancialInstrumentscore:CostValuation2024-06-3012062729core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-06-3012062729core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-06-3012062729core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-06-3012062729core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-06-3012062729core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-06-3012062729core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-06-3012062729core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-06-3012062729core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-06-3012062729core:Non-currentFinancialInstrumentscore:CostValuation2023-06-3012062729core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-06-3012062729core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-06-3012062729core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-06-3012062729core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-06-3012062729core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-06-3012062729core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-06-3012062729core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-06-3012062729core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-06-3012062729bus:Director12023-07-012024-06-3012062729bus:Director22023-07-012024-06-30120627291bus:Director12023-07-01120627291bus:Director12023-07-012024-06-30120627291bus:Director12024-06-30120627292bus:Director22023-07-01120627292bus:Director22023-07-012024-06-30120627292bus:Director22024-06-30120627292023-07-01120627292023-07-012024-06-30120627292024-06-30

EMPIRE INDUSTRIAL PROPERTIES LTD

Registered Number
12062729
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

EMPIRE INDUSTRIAL PROPERTIES LTD
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

BUNDY, David
WILSON, Andrew

Registered Address

Unit 36 City Industrial Park
Southern Road
Southampton
SO15 1HA

Registered Number

12062729 (England and Wales)
EMPIRE INDUSTRIAL PROPERTIES LTD
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3430,000430,000
Investments522
430,002430,002
Current assets
Debtors643,3811,558
Cash at bank and on hand313,38115,800
356,76217,358
Creditors amounts falling due within one year7(662,558)(320,308)
Net current assets (liabilities)(305,796)(302,950)
Total assets less current liabilities124,206127,052
Creditors amounts falling due after one year8(80,846)(91,508)
Net assets43,36035,544
Capital and reserves
Called up share capital1,0001,000
Profit and loss account42,36034,544
Shareholders' funds43,36035,544
The financial statements were approved and authorised for issue by the Board of Directors on 24 August 2024, and are signed on its behalf by:
BUNDY, David
Director
Registered Company No. 12062729
EMPIRE INDUSTRIAL PROPERTIES LTD
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the rental income, net of value added taxes.
Current taxation
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.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 July 23430,000
At 30 June 24430,000
Net book value
At 30 June 24430,000
At 30 June 23430,000
4.Revaluation of property, plant and equipment
Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value are recognised through the profit and loss account.

2024

2023

££
Property, plant and equipment / tangible fixed assets430,000430,000
5.Fixed asset investments

Total

£
Cost or valuation
At 01 July 232
At 30 June 242
Net book value
At 30 June 242
At 30 June 232
6.Debtors: amounts due within one year

2024

2023

££
Amounts owed by associates and joint ventures / participating interests-730
Other debtors43,211-
Prepayments and accrued income170828
Total43,3811,558
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables131863
Bank borrowings and overdrafts11,00011,160
Amounts owed to related parties270-
Taxation and social security2,235339
Other creditors646,921301,921
Accrued liabilities and deferred income2,0016,025
Total662,558320,308
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts80,84691,508
Total80,84691,508
9.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
BUNDY, David3650500(135)
WILSON, Andrew3650500(135)
73001,000(270)
10.Related party transactions
During the year monies were loaned from Empire Industrial Doors Ltd, a company D Bundy and A Wilson are also directors and shareholders of. At the year end £ 644,233 was owed to the company ( 2023: £ 299,233).