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REGISTERED NUMBER: 07826064 (England and Wales)












Financial Statements

for the Year Ended 31 October 2024

for

Empire Capital (Derbyshire) Limited

Empire Capital (Derbyshire) Limited (Registered number: 07826064)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Empire Capital (Derbyshire) Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mrs S A Sayers
Miss A R C Sayers
Mrs E Sayers
Miss J Sayers





REGISTERED OFFICE: 47a Queen Street
Derby
DE1 3DE





REGISTERED NUMBER: 07826064 (England and Wales)





ACCOUNTANTS: Bourne & Co.
Chartered Accountants
47a Queen Street
Derby
Derbyshire
DE1 3DE

Empire Capital (Derbyshire) Limited (Registered number: 07826064)

Abridged Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,083 -
Investment property 5 2,867,500 2,867,500
2,892,583 2,867,500

CURRENT ASSETS
Debtors 58,011 74,011
Cash at bank 11,650 26,001
69,661 100,012
CREDITORS
Amounts falling due within one year 251,681 251,278
NET CURRENT LIABILITIES (182,020 ) (151,266 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,710,563

2,716,234

CREDITORS
Amounts falling due after more than one
year

(1,149,535

)

(1,229,535

)

PROVISIONS FOR LIABILITIES (213,709 ) (208,943 )
NET ASSETS 1,347,319 1,277,756

CAPITAL AND RESERVES
Called up share capital 6 100 100
Fair value reserve 7 890,759 890,759
Retained earnings 456,460 386,897
SHAREHOLDERS' FUNDS 1,347,319 1,277,756

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Empire Capital (Derbyshire) Limited (Registered number: 07826064)

Abridged Balance Sheet - continued
31 October 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 January 2025 and were signed on its behalf by:




Miss A R C Sayers - Director Mrs E Sayers - Director




Miss J Sayers - Director Mrs S A Sayers - Director


Empire Capital (Derbyshire) Limited (Registered number: 07826064)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Empire Capital (Derbyshire) Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income receivable less value added tax if an option to tax has been made on the property in question.

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.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Empire Capital (Derbyshire) Limited (Registered number: 07826064)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 28,000
At 31 October 2024 28,000
DEPRECIATION
Charge for year 2,917
At 31 October 2024 2,917
NET BOOK VALUE
At 31 October 2024 25,083

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 2,867,500
NET BOOK VALUE
At 31 October 2024 2,867,500
At 31 October 2023 2,867,500

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2024 2,867,500

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,767,798 1,767,798

The investment property was valued on an open market basis on 31 October 2024 by the directors .

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Fair
value
reserve
£   
At 1 November 2023
and 31 October 2024 890,759