Empathy Rooms Limited Company accounts

COMPANY REGISTRATION NUMBER: SC515235

Empathy Rooms Limited

Unaudited Financial Statements

31 March 2025

Empathy Rooms Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Director's report	1

Chartered accountants report to the director on the preparation of the unaudited statutory financial statements	2

Statement of comprehensive income	3

Statement of financial position	4

Statement of changes in equity	5

Notes to the financial statements	6

Empathy Rooms Limited

Director's Report

Year ended 31 March 2025

The director presents his report and the unaudited financial statements of the company for the year ended 31 March 2025 .

Director

The director who served the company during the year was as follows:

Mr S Queen

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 14 July 2025 and signed on behalf of the board by:

Mr S Queen
Director

Registered office:

22 Toftcombs Avenue

Stonehouse

South Lanarkshire

ML9 3QY

Empathy Rooms Limited

Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Empathy Rooms Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Empathy Rooms Limited for the year ended 31 March 2025, which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the director of Empathy Rooms Limited. Our work has been undertaken solely to prepare for your approval the financial statements of Empathy Rooms Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Empathy Rooms Limited and its director for our work or for this report.

It is your duty to ensure that Empathy Rooms Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Empathy Rooms Limited. You consider that Empathy Rooms Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Empathy Rooms Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

GILLILAND & COMPANY Chartered Accountants

216 West George Street Glasgow G2 2PQ

14 July 2025

Empathy Rooms Limited

Statement of Comprehensive Income

Year ended 31 March 2025

	2025	2024
Note	£	£
Turnover	89,820	84,640

Cost of sales	1,500	1,259
	--------	--------
Gross profit	88,320	83,381

Administrative expenses	29,404	29,629
	--------	--------
Operating profit	58,916	53,752

Other interest receivable and similar income		3,026	1,606
		--------	--------
Profit before taxation	5	61,942	55,358

Tax on profit	14,299	14,293
	--------	--------
Profit for the financial year	47,643	41,065
	--------	--------

Revaluation of tangible assets	9,928	2,769
Revaluation of intangible assets other than goodwill	64,466	7,898
	--------	--------
Other comprehensive income for the year	74,394	10,667
	---------	--------
Total comprehensive income for the year	122,037	51,732
	---------	--------

All the activities of the company are from continuing operations.

Empathy Rooms Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	6	100,696	36,229
Tangible assets	7	39,920	28,847
		---------	--------
		140,616	65,076

Current assets

Debtors	8	683	2,225
Cash at bank and in hand		105,807	83,693
		---------	--------
		106,490	85,918

Creditors: amounts falling due within one year	9	45,768		45,693
		---------		--------
Net current assets			60,722	40,225
			---------	---------
Total assets less current liabilities			201,338	105,301
			---------	---------

Capital and reserves

Called up share capital	1	1
Revaluation reserve	88,460	14,066
Profit and loss account	112,877	91,234
	---------	---------
Shareholders funds	201,338	105,301
	---------	---------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 14 July 2025 , and are signed on behalf of the board by:

Mr S Queen
Director

Company registration number: SC515235

Empathy Rooms Limited

Statement of Changes in Equity

Year ended 31 March 2025

			Called up share capital	Revaluation reserve	Profit and loss account	Total
Note			£	£	£	£
At 1 April 2023			1	3,399	76,169	79,569

Profit for the year					41,065	41,065
Other comprehensive income for the year:
	Revaluation of tangible assets	7	–	2,769	–	2,769
	Revaluation of intangible assets other than goodwill	6	–	7,898	–	7,898
			----	--------	--------	--------
Total comprehensive income for the year			–	10,667	41,065	51,732

Dividends paid and payable			–	–	( 26,000)	( 26,000)
			----	--------	--------	--------
Total investments by and distributions to owners			–	–	( 26,000)	( 26,000)

At 31 March 2024			1	14,066	91,234	105,301

Profit for the year					47,643	47,643
Other comprehensive income for the year:
	Revaluation of tangible assets	7	–	9,928	–	9,928
	Revaluation of intangible assets other than goodwill	6	–	64,466	–	64,466
			----	--------	--------	---------
Total comprehensive income for the year			–	74,394	47,643	122,037

Dividends paid and payable			–	–	( 26,000)	( 26,000)
			----	----	--------	--------
Total investments by and distributions to owners			–	–	( 26,000)	( 26,000)

			----	--------	---------	---------
At 31 March 2025			1	88,460	112,877	201,338
			----	--------	---------	---------

Empathy Rooms Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 22 Toftcombs Avenue, Stonehouse, South Lanarkshire, ML9 3QY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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 of value.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% straight line
Equipment	-	33% straight line

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	1,548	6,043
	-------	-------

6. Intangible assets

	Other intangible assets
	£
Cost
At 1 April 2024	36,229
Additions	–
Revaluations	64,467
	---------
At 31 March 2025	100,696
	---------
Amortisation
At 1 April 2024 and 31 March 2025	–
	---------
Carrying amount
At 31 March 2025	100,696
	---------
At 31 March 2024	36,229
	---------

7. Tangible assets

	Precious Metals	Plant and machinery	Equipment	Total
	£	£	£	£
Cost or valuation
At 1 April 2024	27,280	1,250	24,423	52,953
Additions	–	–	2,693	2,693
Revaluations	9,928	–	–	9,928
	--------	-------	--------	--------
At 31 March 2025	37,208	1,250	27,116	65,574
	--------	-------	--------	--------
Depreciation
At 1 April 2024	–	750	23,356	24,106
Charge for the year	–	250	1,298	1,548
	--------	-------	--------	--------
At 31 March 2025	–	1,000	24,654	25,654
	--------	-------	--------	--------
Carrying amount
At 31 March 2025	37,208	250	2,462	39,920
	--------	-------	--------	--------
At 31 March 2024	27,280	500	1,067	28,847
	--------	-------	--------	--------

8. Debtors

	2025	2024
	£	£
Trade debtors	220	2,225
Prepayments and accrued income	463	–
	----	-------
	683	2,225
	----	-------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	14,298	14,260
Director loan accounts	30,528	30,463
Other creditors	942	970
	--------	--------
	45,768	45,693
	--------	--------

10. Director's advances, credits and guarantees

The balance owed to Mr S Queen , director, as at 31st March 2025 amounted to £30,528 (2024: £30,462).