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REGISTERED NUMBER: 06946235 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Henry Empire Limited

Henry Empire Limited (Registered number: 06946235)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


Henry Empire Limited (Registered number: 06946235)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £ £
Fixed assets
Investments 4 100 100
Investment property 5 312,448 -
312,548 100

Current assets
Debtors 6 408,444 335,994
Cash at bank 53,272 87,685
461,716 423,679
Creditors
Amounts falling due within one year 7 (285,878 ) (2,774 )
Net current assets 175,838 420,905
Total assets less current liabilities 488,386 421,005

Capital and reserves
Called up share capital 100 100
Capital redemption reserve 397,000 397,000
Retained earnings 91,286 23,905
488,386 421,005

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

Henry Empire Limited (Registered number: 06946235)

Balance Sheet - continued
30 September 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:





Mr N P Henry - Director


Henry Empire Limited (Registered number: 06946235)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. Statement of compliance

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.

2. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investments in associates accounted for in accordance with the cost model are recorded at cost
less any accumulated impairment losses.

Investments in associates accounted for in accordance with the fair value model are initially
recorded at the transaction price. At each reporting date, the investments are measured at fair
value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it
is impracticable to measure fair value reliably without undue cost or effort, the cost model will be
adopted.

Dividends and other distributions received from the investment are recognised as income without
regard to whether the distributions are from accumulated profits of the associate arising before or
after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are
recorded at cost less any accumulated impairment losses.

Investments in jointly controlled entities accounted for in accordance with the fair value model are
initially recorded at the transaction price. At each reporting date, the investments are measured at
fair value, with changes in fair value recognised in other comprehensive income/profit or loss.
Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model
will be adopted.

Dividends and other distributions received from the investment are recognised as income without
regard to whether the distributions are from accumulated profits of the joint venture arising before
or after the date of acquisition.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Henry Empire Limited (Registered number: 06946235)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


2. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Henry Empire Limited (Registered number: 06946235)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 41 (2023 - 3 ) .

4. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 October 2023
and 30 September 2024 100
Net book value
At 30 September 2024 100
At 30 September 2023 100

5. Investment property
Total
£
Fair value
Additions 312,448
At 30 September 2024 312,448
Net book value
At 30 September 2024 312,448

Henry Empire Limited (Registered number: 06946235)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


6. Debtors: amounts falling due within one year
30.9.24 30.9.23
£ £
Amounts owed by group undertakings 140,452 86,530
Other debtors 267,992 249,464
408,444 335,994

7. Creditors: amounts falling due within one year
30.9.24 30.9.23
£ £
Trade creditors 17 16
Other creditors 285,861 2,758
285,878 2,774

8. Related party disclosures

The company has taken advantage of the exemption provided in FRS 102 Section 1A from disclosing transactions with members of the same group that are wholly owned.

During the year the company loaned £18,529 (2023: £56,774) to JPJ Investments Limited, a company of which Mr P and Mrs J Henry are shareholders and directors, leaving a balance owed to Henry Empire Limited of £267,992 (2023: £249,464).

No further transactions were undertaken during the year that require disclosing under FRS 102 Section 1A.