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Company Registration No. 09417131 (England and Wales)
Empathy Software Ltd Unaudited accounts for the year ended 31 March 2026
Empathy Software Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Empathy Software Ltd Company Information for the year ended 31 March 2026
Directors
Mr Nicholas John Tune Carole Reichenbach
Company Number
09417131 (England and Wales)
Registered Office
71-75 Shelton Street Covent Garden London WC2H 9JQ United Kingdom
Accountants
Virtue Accounting Limited 53 Warwick Street Coventry CV5 6ET
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Empathy Software Ltd Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
2
682
Current assets
Debtors
-
3,356
Cash at bank and in hand
26,563
52,990
26,563
56,346
Creditors: amounts falling due within one year
(27,239)
(1,394)
Net current (liabilities)/assets
(676)
54,952
Total assets less current liabilities
(674)
55,634
Creditors: amounts falling due after more than one year
774
-
Provisions for liabilities
Deferred tax
-
(132)
Net assets
100
55,502
Capital and reserves
Called up share capital
5
100
100
Profit and loss account
-
55,402
Shareholders' funds
100
55,502
For the year ending 31 March 2026 the company was entitled to exemption from audit 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2026 and were signed on its behalf by
Mr Nicholas John Tune Director Company Registration No. 09417131
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Empathy Software Ltd Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Empathy Software Ltd is a private company, limited by shares, registered in England and Wales, registration number 09417131. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom. The company is in the process of being wound up.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Straight Line
Computer equipment
33% Straight Line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
Empathy Software Ltd ceased to trade on 31st March 2026
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Empathy Software Ltd Notes to the Accounts for the year ended 31 March 2026
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 April 2025
6,260
Disposals
(6,260)
At 31 March 2026
-
Depreciation
At 1 April 2025
5,578
Charge for the year
453
On disposals
(6,033)
At 31 March 2026
(2)
Net book value
At 31 March 2026
2
At 31 March 2025
682
5
Share capital
2026
2025
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
6
Loans to directors
Movements on directors' loan accounts represents timing differences between amounts owed, and payments made to, directors in respect of expenses, remuneration and dividends. At the reporting date the amount owed to the company by Mr Tune was £774, a movement of £774 from the £nil owed by the company at the beginning of the period. Interest has not been charged on these balances and no guarantees have been provided by either the company or the directors.
7
Average number of employees
During the year the average number of employees was 2 (2025: 2).
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