REGISTERED NUMBER: 08648275 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Empire Investment Properties Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M Jaconelli

M J Weaver

Mrs N Jaconelli

Mrs J Weaver

REGISTERED OFFICE:

51 Frederick Street

Sunderland

SR1 1NF

REGISTERED NUMBER:

08648275 (England and Wales)

ACCOUNTANTS:

TTR Barnes Limited

Chartered Accountants

3-5 Grange Terrace

Stockton Road

Sunderland

Tyne & Wear

SR2 7DG

FIXED ASSETS

Investment property

4

905,284

905,284

CURRENT ASSETS

Debtors

5

29,715

18,907

Cash at bank

31,929

5,621

61,644

24,528

CREDITORS

Amounts falling due within one year

6

303,869

291,367

NET CURRENT LIABILITIES

(242,225

)

(266,839

)

TOTAL ASSETS LESS CURRENT LIABILITIES

663,059

638,445

CREDITORS

Amounts falling due after more than one year

7

(98,143

)

(138,316

)

PROVISIONS FOR LIABILITIES

(23,894

)

(20,523

)

NET ASSETS

541,022

479,606

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

541,018

479,602

SHAREHOLDERS' FUNDS

541,022

479,606

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2025 and were signed on its behalf by:

M Jaconelli - Director

M J Weaver - Director

1.	STATUTORY INFORMATION

Empire Investment Properties 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.

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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

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.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Income

Income includes net rents receivable excluding Value Added Tax.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

905,284

NET BOOK VALUE

At 31 March 2025

905,284

At 31 March 2024

905,284

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

108,018

Cost

797,266

905,284

Investment property was valued on an open market basis on 31 March 2024 by the directors .

The investment property open market value is at least that of the net book value at 31 March 2024.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

27,472

16,179

Other debtors

2,243

2,728

29,715

18,907

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

33,419

26,665

Taxation and social security

20,808

14,880

Other creditors

249,642

249,822

303,869

291,367

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

98,143

138,316

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

13,898

42,990

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

126,895

156,314

Bank loans, other than the bounce back loan, are secured on the properties to which they relate.