Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-3012023-07-01falseProperty Investment and rental1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11412416 2023-07-01 2024-06-30 11412416 2022-07-01 2023-06-30 11412416 2024-06-30 11412416 2023-06-30 11412416 2022-07-01 11412416 c:Director1 2023-07-01 2024-06-30 11412416 d:CurrentFinancialInstruments 2024-06-30 11412416 d:CurrentFinancialInstruments 2023-06-30 11412416 d:Non-currentFinancialInstruments 2024-06-30 11412416 d:Non-currentFinancialInstruments 2023-06-30 11412416 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 11412416 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 11412416 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 11412416 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 11412416 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 11412416 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 11412416 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 11412416 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 11412416 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-06-30 11412416 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-06-30 11412416 d:ShareCapital 2024-06-30 11412416 d:ShareCapital 2023-06-30 11412416 d:RetainedEarningsAccumulatedLosses 2024-06-30 11412416 d:RetainedEarningsAccumulatedLosses 2023-06-30 11412416 c:OrdinaryShareClass1 2023-07-01 2024-06-30 11412416 c:OrdinaryShareClass1 2024-06-30 11412416 c:OrdinaryShareClass1 2023-06-30 11412416 c:FRS102 2023-07-01 2024-06-30 11412416 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11412416 c:FullAccounts 2023-07-01 2024-06-30 11412416 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11412416 d:OtherDeferredTax 2024-06-30 11412416 d:OtherDeferredTax 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11412416









EMPIRE HOUSE (ROCHESTER) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
EMPIRE HOUSE (ROCHESTER) LIMITED
REGISTERED NUMBER: 11412416

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
815,000
815,000

Current assets
  

Debtors: amounts falling due within one year
 5 
23,296
27,941

Cash at bank and in hand
 6 
12,578
59,525

  
35,874
87,466

Creditors: amounts falling due within one year
 7 
(48,997)
(53,032)

Net current (liabilities)/assets
  
 
 
(13,123)
 
 
34,434

Total assets less current liabilities
  
801,877
849,434

Creditors: amounts falling due after more than one year
 8 
(554,539)
(568,304)

Provisions for liabilities
  

Deferred tax
  
(36,299)
(36,299)

Net assets
  
211,039
244,831


Capital and reserves
  

Called up share capital 
 11 
5,000
5,000

Profit and loss account
  
206,039
239,831

  
211,039
244,831


Page 1

 
EMPIRE HOUSE (ROCHESTER) LIMITED
REGISTERED NUMBER: 11412416
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

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 year 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 financial statements have been prepared 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 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 statement of comprehensive income 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 


P Mills
Director

Date: 12 November 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
EMPIRE HOUSE (ROCHESTER) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Empire House (Rochester) Limited ("the company") is a company incorporated in England and Wales. The company's principal activity is that of property investment and rental. The address of the registered office is Empire House, Sunderland Quay, Rochester, Kent, ME2 4HN.

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 Section 1A of 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

Turnover

Turnover comprises revenue recognised by the company in respect of property rents received during the period, exclusive of Value added Tax and trade discounts. 

 
2.3

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income 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 balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 3

 
EMPIRE HOUSE (ROCHESTER) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by the director, and external valuers where necessary, and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

 
2.6

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.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

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.

 
2.9

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of comprehensive income in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
EMPIRE HOUSE (ROCHESTER) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Fixed asset investments





Investment properties

£



Cost or valuation


At 1 July 2023
815,000



At 30 June 2024
815,000





5.


Debtors

2024
2023
£
£


Trade debtors
15,000
19,200

Prepayments and accrued income
8,296
8,741

23,296
27,941



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
12,578
59,525

12,578
59,525


Page 5

 
EMPIRE HOUSE (ROCHESTER) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
18,440
17,577

Other loan
4,191
6,949

Corporation tax
2,879
5,553

Other taxation and social security
3,463
3,413

Accruals and deferred income
20,024
19,540

48,997
53,032


Bank loans amounting to £572,979 (2023 - £585,881) are secured by a fixed charge against investment property and an intercompany guarantee with Pantera Carpentry (South East) Limited, a company under common control.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
554,539
568,304

554,539
568,304


Page 6

 
EMPIRE HOUSE (ROCHESTER) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Bank loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
18,440
17,577

Amounts falling due 1-2 years

Bank loans
19,676
18,754

Amounts falling due 2-5 years

Bank loans
67,292
64,140

Amounts falling due after more than 5 years

Bank loans
467,571
485,410

572,979
585,881


Bank loans are secured by a fixed charge against investment property and an intercompany guarantee with Pantera Carpentry (South East) Limited, a company under common control.

Page 7

 
EMPIRE HOUSE (ROCHESTER) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Deferred taxation




2024
2023


£

£






At beginning of year
36,299
30,049


Charged to profit or loss
-
6,250



At end of year
36,299
36,299

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Revaluation gain on investment properties
36,299
36,299

36,299
36,299


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



5,000 (2023 - 5,000) Ordinary shares shares of £1.00 each
5,000
5,000


 
Page 8