Empathy Rooms Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC515235

Empathy Rooms Limited

Filleted Unaudited Financial Statements

31 March 2026

Empathy Rooms Limited

Financial Statements

Year ended 31 March 2026

Contents	Page

Chartered accountants report to the director on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	3

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 2026

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 2026, which comprise the 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 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

17 August 2026

Empathy Rooms Limited

Statement of Financial Position

31 March 2026

	2026		2025
Note	£	£	£

Fixed assets

Intangible assets	5	62,283	100,696
Tangible assets	6	61,125	39,920
		---------	---------
		123,408	140,616

Current assets

Debtors	7	1,031	683
Cash at bank and in hand		127,455	105,807
		---------	---------
		128,486	106,490

Creditors: amounts falling due within one year	8	45,280		45,768
		---------		---------
Net current assets			83,206	60,722
			---------	---------
Total assets less current liabilities			206,614	201,338
			---------	---------

Capital and reserves

Called up share capital	1	1
Revaluation reserve	72,248	88,460
Profit and loss account	134,365	112,877
	---------	---------
Shareholders funds	206,614	201,338
	---------	---------

These financial statements have been prepared and delivered 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'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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.

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 17 August 2026 , and are signed on behalf of the board by:

Mr S Queen
Director

Company registration number: SC515235

Empathy Rooms Limited

Notes to the Financial Statements

Year ended 31 March 2026

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 (2025: 1 ).

5. Intangible assets

	Other intangible assets
	£
Cost
At 1 April 2025	100,696
Additions	–
Revaluations	( 38,413)
	---------
At 31 March 2026	62,283
	---------
Amortisation
At 1 April 2025 and 31 March 2026	–
	---------
Carrying amount
At 31 March 2026	62,283
	---------
At 31 March 2025	100,696
	---------

6. Tangible assets

	Precious Metals	Plant and machinery	Equipment	Total
	£	£	£	£
Cost or valuation
At 1 April 2025	37,208	1,250	27,116	65,574
Additions	–	–	552	552
Revaluations	22,201	–	–	22,201
	--------	-------	--------	--------
At 31 March 2026	59,409	1,250	27,668	88,327
	--------	-------	--------	--------
Depreciation
At 1 April 2025	–	1,000	24,654	25,654
Charge for the year	–	250	1,298	1,548
	--------	-------	--------	--------
At 31 March 2026	–	1,250	25,952	27,202
	--------	-------	--------	--------
Carrying amount
At 31 March 2026	59,409	–	1,716	61,125
	--------	-------	--------	--------
At 31 March 2025	37,208	250	2,462	39,920
	--------	-------	--------	--------

7. Debtors

	2026	2025
	£	£
Trade debtors	560	220
Prepayments and accrued income	471	463
	-------	----
	1,031	683
	-------	----

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	56	–
Corporation tax	15,029	14,298
Director loan accounts	30,195	30,528
Other creditors	–	942
	--------	--------
	45,280	45,768
	--------	--------

9. Director's advances, credits and guarantees

The balance owed to Mr S Queen , director, as at 31st March 2026 amounted to £ 30,195 (2025: £30,528).