EMPIRICAL VENTURES LTD


Directors	Johnathan Vincent Matlock
	Benjamin Thomas Miles


Registered Address	85 Great Portland Street
	London
	W1W 7LT


Registered Number	14583433 (England and Wales)

Balance Sheet as at
31 January 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,002		1,253
Investments	4		10,000		5,000
			11,002		6,253
Current assets
Debtors	5	7,959		37,863
Cash at bank and on hand		201,262		41,815
		209,221		79,678
Creditors amounts falling due within one year	6	(156,392)		(106,782)
Net current assets (liabilities)			52,829		(27,104)
Total assets less current liabilities			63,831		(20,851)
Net assets			63,831		(20,851)
Capital and reserves
Called up share capital			20		20
Profit and loss account			63,811		(20,871)
Shareholders' funds			63,831		(20,851)

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 16 September 2025, and are signed on its behalf by:

Johnathan Vincent Matlock
Director
Registered Company No. 14583433

EMPIRICAL VENTURES LTD

Notes to the Financial Statements
for the year ended 31 January 2025

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going concern
	In preparing the annual accounts the directors confirm that they believe the company can continue as a going concern for at least the next 12 months from the date of these accounts. The Directors have confirmed their intention to support the continued operation of the business.

	Revenue from rendering of services
	Revenue arises from the provision of fund management and related services and is recognised as the services are performed. Advisory fees charged to investors are recognised when the service is delivered, while management and ongoing service fees are recognised over the period to which they relate.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Office Equipment	20

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	5		4

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 February 24	1,566	1,566
At 31 January 25	1,566	1,566
Depreciation and impairment
At 01 February 24	313	313
Charge for year	251	251
At 31 January 25	564	564
Net book value
At 31 January 25	1,002	1,002
At 31 January 24	1,253	1,253

4.	Fixed asset investments

	Other investments¹	Total
	£	£
Cost or valuation
At 01 February 24	5,000	5,000
Additions	5,000	5,000
At 31 January 25	10,000	10,000
Net book value
At 31 January 25	10,000	10,000
At 31 January 24	5,000	5,000

	Notes
	¹Other investments other than loans

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	-	30,151
Other debtors	94	20
Prepayments and accrued income	7,865	7,692
Total	7,959	37,863

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	27,776	11,258
Other creditors	94,774	94,324
Accrued liabilities and deferred income	33,842	1,200
Total	156,392	106,782

7.	Directors advances, credits and guarantees
	There were no advances, credits and guarantees granted to the directors during the period.

8.	Guarantees provided on behalf of directors
	There were no financial guarantees or commitments, either ongoing or entered into during the period.

9.	Off-balance sheet arrangements
	The company had no off-balance sheet arrangements at year-end or at any stage during the period.