REGISTERED NUMBER: 11107096 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Empire Studios Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C McDougall

J L McLeod-Ross

REGISTERED OFFICE:

Hartley Court House Hartley Court Rd

Three Mile Cross

Reading

Berkshire

RG7 1NJ

REGISTERED NUMBER:

11107096 (England and Wales)

ACCOUNTANTS:

We`ll Mind Your Own Business LTD

39 Long Acre

London

WC2E 9LG

FIXED ASSETS

Intangible assets

4

2,354

4,476

CURRENT ASSETS

Debtors

5

267,962

271,332

Cash in hand

43,162

46,739

311,124

318,071

CREDITORS

Amounts falling due within one year

6

94,483

139,094

NET CURRENT ASSETS

216,641

178,977

TOTAL ASSETS LESS CURRENT LIABILITIES

218,995

183,453

CREDITORS

Amounts falling due after more than one year

7

253,078

198,310

NET LIABILITIES

(34,083

)

(14,857

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(34,084

)

(14,858

)

(34,083

)

(14,857

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by:

J L McLeod-Ross - Director

1.	STATUTORY INFORMATION

Empire Studios Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Thus, the directors continue to adopt the going concern basis of accounting in preparing financial statements

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 January 2024

and 31 December 2024

93,400

AMORTISATION

At 1 January 2024

88,924

Amortisation for year

2,122

At 31 December 2024

91,046

NET BOOK VALUE

At 31 December 2024

2,354

At 31 December 2023

4,476

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

263,962

267,332

Directors' current accounts

4,000

4,000

267,962

271,332

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

1,955

66

Other creditors

-

129,950

Directors' current accounts

1,078

1,078

Accruals and deferred income

91,450

8,000

94,483

139,094

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

253,078

198,310

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, a balance of £4,000 was due from the directors to the company. This balance relates to prior periods. The additional Section 455 charge was applied and paid in 2022.