Empire Luxury Limited Company accounts

COMPANY REGISTRATION NUMBER: 08612353

Empire Luxury Limited

Unaudited Financial Statements

31 July 2025

Empire Luxury Limited

Financial Statements

Year ended 31 July 2025

Contents	Page

Officers and professional advisers	1

Director's report	2

Report to the director on the preparation of the unaudited statutory financial statements	3

Statement of income and retained earnings	4

Statement of financial position	5

Notes to the financial statements	7

Empire Luxury Limited

Officers and Professional Advisers

Director Mr E Kondokar

- Director

Registered office	2 Bamford Way
	Bamford
	Rochdale
	Lancashire
	England
	OL11 5NA

Accountants	Sterling Finance [UK] Limited
	Chartered accountants
	Westbourne House
	159 Oldham Road
	Ashton Under Lyne
	Lancashire
	United Kingdom
	OL7 9AR

Empire Luxury Limited

Director's Report

Year ended 31 July 2025

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

Principal activities

The principal activity of the company during the year is other letting and operating of own or leased real estate

Director

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

Mr E Kondokar

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 12 November 2025 and signed on behalf of the board by:

Mr E Kondokar
Director

Registered office:

2 Bamford Way

Bamford

Rochdale

Lancashire

England

OL11 5NA

Empire Luxury Limited

Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Empire Luxury Limited

Year ended 31 July 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 Empire Luxury Limited for the year ended 31 July 2025, which comprise the statement of income and retained earnings, statement of financial position 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 the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the director of Empire Luxury Limited in accordance with the terms of our engagement letter dated 10 December 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Empire Luxury Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Empire Luxury Limited and its director for our work or for this report.

It is your duty to ensure that Empire Luxury 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 loss of Empire Luxury Limited. You consider that Empire Luxury 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 Empire Luxury 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.

Sterling Finance [UK] Limited Chartered accountants

Westbourne House 159 Oldham Road Ashton Under Lyne Lancashire United Kingdom OL7 9AR

12 November 2025

Empire Luxury Limited

Statement of Income and Retained Earnings

Year ended 31 July 2025

	2025	2024
Note	£	£
Turnover	70,695	41,210

Cost of sales	40,519	26,287
	--------	--------
Gross profit	30,176	14,923

Administrative expenses	89,018	58,903
	--------	--------
Operating loss	( 58,842)	( 43,980)

Other interest receivable and similar income		374	( 4)
Interest payable and similar expenses		227	394
		--------	--------
Loss before taxation	4	( 58,695)	( 44,378)

Tax on loss	–	–
	--------	--------
Loss for the financial year and total comprehensive income	( 58,695)	( 44,378)
	--------	--------

Retained losses at the start of the year	( 934,230)	( 889,852)
	---------	---------
Retained losses at the end of the year	( 992,925)	( 934,230)
	---------	---------

All the activities of the company are from continuing operations.

Empire Luxury Limited

Statement of Financial Position

31 July 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		2,168	20,048

Current assets

Debtors	6	–	315
Cash at bank and in hand		3,903	13,660
		-------	--------
		3,903	13,975

Creditors: amounts falling due within one year	7	882		863
		-------		--------
Net current assets			3,021	13,112
			-------	--------
Total assets less current liabilities			5,189	33,160

Creditors: amounts falling due after more than one year	8	998,014	967,290
		---------	---------
Net liabilities		( 992,825)	( 934,130)
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 992,925)	( 934,230)
	---------	---------
Shareholders deficit	( 992,825)	( 934,130)
	---------	---------

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 July 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 .

Empire Luxury Limited

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 12 November 2025 , and are signed on behalf of the board by:

Mr E Kondokar
Director

Company registration number: 08612353

Empire Luxury Limited

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Bamford Way, Bamford, Rochdale, Lancashire, OL11 5NA, England.

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.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Fixture and fittings	-	20% straight line
Motor vehicles	-	20% straight line
Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Profit before taxation

Profit before taxation is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	17,880	17,899
	--------	--------

5. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 August 2024 and 31 July 2025	997	563,868	619	565,484
	----	---------	----	---------
Depreciation
At 1 August 2024	997	543,820	619	545,436
Charge for the year	–	17,880	–	17,880
	----	---------	----	---------
At 31 July 2025	997	561,700	619	563,316
	----	---------	----	---------
Carrying amount
At 31 July 2025	–	2,168	–	2,168
	----	---------	----	---------
At 31 July 2024	–	20,048	–	20,048
	----	---------	----	---------

6. Debtors

	2025	2024
	£	£
Other debtors	–	315
	----	----

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	( 425)	863
Social security and other taxes	1,307	–
	-------	----
	882	863
	-------	----

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	34,884	12,096
Amounts owed to group undertakings and undertakings in which the company has a participating interest	322,404	322,404
Other creditors	640,726	632,790
	---------	---------
	998,014	967,290
	---------	---------

9. Financial instruments

1.3 Financial instruments In accordance with FRS 102.22, financial instruments issued by the Company are treated as equity only to the extent that they meet the following two conditions: (a) They include no contractual obligations upon the Company to deliver cash or other financial assets or to exchange financial assets or financial liabilities with another party under conditions that are potentially unfavourable to the Company; and (b) Where the instrument will or may be settled in the Company's own equity instruments, it is either a non-derivative that includes no obligation to deliver a variable number of the Company's own equity instruments or is a derivative that will be settled by the Company's exchanging a fixed amount of cash or other financial assets for a fixed number of its own equity instruments. To the extent that this definition is not met, the proceeds of issue are classified as a financial liability. Where the instrument so classified takes the legal form of the Company's own shares, the amounts presented in these financial statements for called up share capital and share premium account exclude amounts in relation to those shares.

10. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	Balance brought forward and outstanding
	2025	2024
	£	£
Mr E Kondokar	( 477,652)	( 461,356)
	---------	---------

11. Related party transactions

The company was under the joint control of Mr I Kondokar and Mr E Kondokar throughout the current and previous year. Mr I Kondokar and Mr E Kondokar are the director and equal shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard for Smaller Entities.