Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01false4No description of principal activity4falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11281527 2023-04-01 2024-03-31 11281527 2022-04-01 2023-03-31 11281527 2024-03-31 11281527 2023-03-31 11281527 c:Director1 2023-04-01 2024-03-31 11281527 d:PlantMachinery 2023-04-01 2024-03-31 11281527 d:PlantMachinery 2024-03-31 11281527 d:PlantMachinery 2023-03-31 11281527 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11281527 d:FurnitureFittings 2023-04-01 2024-03-31 11281527 d:FurnitureFittings 2024-03-31 11281527 d:FurnitureFittings 2023-03-31 11281527 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11281527 d:OfficeEquipment 2023-04-01 2024-03-31 11281527 d:OfficeEquipment 2024-03-31 11281527 d:OfficeEquipment 2023-03-31 11281527 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11281527 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11281527 d:FreeholdInvestmentProperty 2024-03-31 11281527 d:FreeholdInvestmentProperty 2023-03-31 11281527 d:CurrentFinancialInstruments 2024-03-31 11281527 d:CurrentFinancialInstruments 2023-03-31 11281527 d:Non-currentFinancialInstruments 2024-03-31 11281527 d:Non-currentFinancialInstruments 2023-03-31 11281527 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11281527 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11281527 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11281527 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11281527 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 11281527 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 11281527 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 11281527 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 11281527 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 11281527 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 11281527 d:ShareCapital 2024-03-31 11281527 d:ShareCapital 2023-03-31 11281527 d:RetainedEarningsAccumulatedLosses 2024-03-31 11281527 d:RetainedEarningsAccumulatedLosses 2023-03-31 11281527 c:OrdinaryShareClass1 2023-04-01 2024-03-31 11281527 c:OrdinaryShareClass1 2024-03-31 11281527 c:FRS102 2023-04-01 2024-03-31 11281527 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11281527 c:FullAccounts 2023-04-01 2024-03-31 11281527 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11281527 d:EntityControlledByKeyManagementPersonnel1 2023-04-01 2024-03-31 11281527 d:EntityControlledByKeyManagementPersonnel1 2024-03-31 11281527 d:EntityControlledByKeyManagementPersonnel2 2023-04-01 2024-03-31 11281527 d:EntityControlledByKeyManagementPersonnel3 2023-04-01 2024-03-31 11281527 d:EntityControlledByKeyManagementPersonnel3 2024-03-31 11281527 d:EntityControlledByKeyManagementPersonnel2 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11281527









EMPIRE MANAGED OFFICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
EMPIRE MANAGED OFFICES LIMITED
REGISTERED NUMBER: 11281527

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024


2024

2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
9,428
12,490

Investment property
 5 
2,786,918
2,786,918

  
2,796,346
2,799,408

Current assets
  

Debtors: amounts falling due within one year
 6 
27,092
22,973

Cash at bank and in hand
 7 
30,110
70,905

  
57,202
93,878

Creditors: amounts falling due within one year
 8 
(925,619)
(925,983)

Net current liabilities
  
 
 
(868,417)
 
 
(832,105)

Total assets less current liabilities
  
1,927,929
1,967,303

Creditors: amounts falling due after more than one year
 9 
(1,680,000)
(1,710,000)

  

Net assets
  
247,929
257,303


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
247,829
257,203

  
247,929
257,303


Page 1

 
EMPIRE MANAGED OFFICES LIMITED
REGISTERED NUMBER: 11281527
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 on 16 January 2025.




R W Empson
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
EMPIRE MANAGED OFFICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Empire Managed Offices Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is Richmond Bridge House, 419 Richmond Road, Twickenham, England, TW1 2EX.
The company specialises in letting and operating of real estate.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company has net current liabilities of £868,417 (2023 - £832,105) arising as a result of amounts payable to the director and a company under common control. That company and the director have indicated their willingness to continue providing financial support to the company to ensure that the company has sufficient current assets to meet its liabilities as they fall due for a period of at least one year from the date of approval of the financial statements. The director therefore continues to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Revenue is recognised according to the rental period to which it relates and for the engaged principal trading activity.

Page 3

 
EMPIRE MANAGED OFFICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

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 reporting date in the countries where the Company operates and generates income.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
EMPIRE MANAGED OFFICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following bases:

Plant & machinery
-
25%
Reducing balance method
Fixtures & fittings
-
25%
Reducing balance method
Office equipment
-
25%
Reducing balance method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

 
2.9

Investment property

Investment properties are held to earn rentals or for capital appreciation, or both. Investment properties are initially measured at cost. At each Statement of financial position date, properties are measured at fair value with changes in fair value recognised in the Statement of comprehensive income.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

Page 5

 
EMPIRE MANAGED OFFICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).


4.


Tangible fixed assets





Plant & machinery
Fixtures & fittings
Office equipment
Total

£
£
£
£



Cost 


At 1 April 2023
15,515
20,591
3,265
39,371


Additions
-
252
-
252



At 31 March 2024

15,515
20,843
3,265
39,623



Depreciation


At 1 April 2023
10,542
13,914
2,425
26,881


Charge for the year
1,243
1,861
210
3,314



At 31 March 2024

11,785
15,775
2,635
30,195



Net book value



At 31 March 2024
3,730
5,068
630
9,428



At 31 March 2023
4,973
6,677
840
12,490


5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
2,786,918



At 31 March 2024
2,786,918

The director considers that the market value of the investment properties is not significantly different from their historical cost value.


Page 6

 
EMPIRE MANAGED OFFICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Trade debtors
27,092
22,921

Other debtors
-
52

27,092
22,973



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
30,110
70,905

30,110
70,905



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
30,000
30,000

Trade creditors
4,443
1,992

Corporation tax
14,003
16,853

Other taxation and social security
11,994
11,859

Other creditors
865,179
865,279

925,619
925,983


The bank loans are secured by fixed and floating charges over the company's assets.


9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,680,000
1,710,000

1,680,000
1,710,000


The bank loans are secured by fixed and floating charges over the company's assets.

Page 7

 
EMPIRE MANAGED OFFICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
30,000
30,000

Amounts falling due 1-2 years

Bank loans
30,000
30,000

Amounts falling due 2-5 years

Bank loans
90,000
90,000

Amounts falling due after more than 5 years

Bank loans
1,560,000
1,590,000

1,710,000
1,740,000



11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100



12.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,080 (2023 - £1,032). At the year end there were accrued contributions of £202 (2023 - £202).

Page 8

 
EMPIRE MANAGED OFFICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

13.


Related party transactions

During the year, the company received rent of £Nil (2023 - £12,900) and recharges £Nil (2023 - £359) from companies under common control. The year-end balance included within trade debtors was £Nil (2023 - £649).
 
Included within other creditors is an amount of £595,940 (2023 - £595,940) due to a company under common control.
 
During the year, the company made purchases of £9,900 (2023 - £9,201) from a company under common control. The year-end balance included within trade creditors was £990 (2023 - £920).
 
Included within other creditors is an amount of £237,050 (2023 - £236,950) due to the director. During the year, the director received loans from the company of £100,000 and repaid amounts totalling £100,100. There is no interest receivable or payable on this loan.


14.


Controlling party

The ultimate controlling party is R W Empson, the director, by virtue of his shareholding.

 
Page 9