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REGISTERED NUMBER: 11107096 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Empire Studios Ltd

Empire Studios Ltd (Registered number: 11107096)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Empire Studios Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: C McDougall
J L McLeod-Ross





REGISTERED OFFICE: Hartley Court House Hartley Court Rd
Three Mile Cross
Reading
Berkshire
RG7 1NJ





REGISTERED NUMBER: 11107096 (England and Wales)





ACCOUNTANTS: We`ll Mind Your Own Business LTD
39 Long Acre
London
WC2E 9LG

Empire Studios Ltd (Registered number: 11107096)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,476 10,348

CURRENT ASSETS
Debtors 5 271,332 84,374
Cash in hand 46,739 11,624
318,071 95,998
CREDITORS
Amounts falling due within one year 6 139,094 155,452
NET CURRENT ASSETS/(LIABILITIES) 178,977 (59,454 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

183,453

(49,106

)

CREDITORS
Amounts falling due after more than
one year

7

198,310

-
NET LIABILITIES (14,857 ) (49,106 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (14,858 ) (49,107 )
(14,857 ) (49,106 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Empire Studios Ltd (Registered number: 11107096)

Balance Sheet - continued
31 December 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 December 2024 and were signed on its behalf by:





J L McLeod-Ross - Director


Empire Studios Ltd (Registered number: 11107096)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Empire Studios Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Patents and licences are being amortised evenly over their estimated useful life of five years.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
Thus, the directors continue to adopt the going concern basis of accounting in preparing financial statements

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Empire Studios Ltd (Registered number: 11107096)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 January 2023 98,400
Disposals (5,000 )
At 31 December 2023 93,400
AMORTISATION
At 1 January 2023 88,052
Amortisation for year 2,122
Charge written back (1,250 )
At 31 December 2023 88,924
NET BOOK VALUE
At 31 December 2023 4,476
At 31 December 2022 10,348

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 267,332 78,824
Directors' current accounts 4,000 5,550
271,332 84,374

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 66 1,738
Tax - 1,873
Other creditors 129,950 150,941
Directors' current accounts 1,078 -
Accruals and deferred income 8,000 900
139,094 155,452

Empire Studios Ltd (Registered number: 11107096)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 198,310 -

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the beginning of the year, the directors owed the company £5,550. During the year further loans were provided and incurred expenses on behalf of the company. At the year-end, the balance of £4,000 was due from the directors to the company.