1 January 2024 false No description of principal activity Taxfiler 2024.6 09030354 business:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09030354 2023-12-31 09030354 2024-01-01 2024-12-31 09030354 business:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09030354 business:FilletedAccounts 2024-01-01 2024-12-31 09030354 2024-12-31 09030354 business:Director1 2024-01-01 2024-12-31 09030354 business:RegisteredOffice 2024-01-01 2024-12-31 09030354 2023-12-31 09030354 core:WithinOneYear 2024-12-31 09030354 core:WithinOneYear 2023-12-31 09030354 core:AfterOneYear 2024-12-31 09030354 core:AfterOneYear 2023-12-31 09030354 core:ShareCapital core:PreviouslyStatedAmount 2024-12-31 09030354 core:ShareCapital core:PreviouslyStatedAmount 2023-12-31 09030354 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-12-31 09030354 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2023-12-31 09030354 core:PreviouslyStatedAmount 2024-12-31 09030354 core:PreviouslyStatedAmount 2023-12-31 09030354 business:SmallEntities 2024-01-01 2024-12-31 09030354 countries:EnglandWales 2024-01-01 2024-12-31 09030354 core:ComputerEquipment 2024-01-01 2024-12-31 09030354 core:ComputerEquipment 2023-12-31 09030354 core:ComputerEquipment 2024-12-31 09030354 2023-03-01 2023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 09030354 (England and Wales)
OLD EMPIRE LTD Unaudited accounts for the year ended 31 December 2024
OLD EMPIRE LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
OLD EMPIRE LTD Company Information for the year ended 31 December 2024
Director
Joshua Retallick
Company Number
09030354 (England and Wales)
Registered Office
71-75 SHELTON STREET LONDON WC2H 9JQ ENGLAND
- 3 -
OLD EMPIRE LTD Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
926
-
Current assets
Debtors
5
8,697
120
Cash at bank and in hand
37,989
63,211
46,686
63,331
Creditors: amounts falling due within one year
6
(12,957)
(8,492)
Net current assets
33,729
54,839
Total assets less current liabilities
34,655
54,839
Creditors: amounts falling due after more than one year
7
(37,448)
(43,555)
Net (liabilities)/assets
(2,793)
11,284
Capital and reserves
Called up share capital
1
1
Profit and loss account
(2,794)
11,283
Shareholders' funds
(2,793)
11,284
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 March 2025 and were signed on its behalf by
Joshua Retallick Director Company Registration No. 09030354
- 4 -
OLD EMPIRE LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
OLD EMPIRE LTD is a private company, limited by shares, registered in England and Wales, registration number 09030354. The registered office is 71-75 SHELTON STREET, LONDON, WC2H 9JQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Straight Line over 3 years
- 5 -
OLD EMPIRE LTD Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 January 2024
4,509
Additions
1,437
At 31 December 2024
5,946
Depreciation
At 1 January 2024
4,509
Charge for the year
511
At 31 December 2024
5,020
Net book value
At 31 December 2024
926
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
1,172
120
Amounts falling due after more than one year
Other debtors
7,525
-
6
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
11,957
-
Taxes and social security
-
2,892
Other creditors
-
2,169
Accruals
1,000
3,431
12,957
8,492
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
37,448
43,555
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -