Company Registration No. 10181723 (England and Wales)
Empire UK Property Services Ltd
Unaudited accounts
for the year ended 31 August 2019
Empire UK Property Services Ltd
Unaudited accounts
Contents
Empire UK Property Services Ltd
Company Information
for the year ended 31 August 2019
Company Number
10181723 (England and Wales)
Registered Office
1 Courtland Avenue
Ilford
Essex
IG1 3DN
England
Empire UK Property Services Ltd
Statement of financial position
as at 31 August 2019
Investment property
1,245,162
1,081,057
Cash at bank and in hand
14,334
14,180
Creditors: amounts falling due within one year
(440,144)
(1,056,013)
Net current liabilities
(425,810)
(1,041,833)
Total assets less current liabilities
819,352
39,224
Creditors: amounts falling due after more than one year
(764,460)
-
Called up share capital
100
100
Profit and loss account
54,792
39,124
Shareholders' funds
54,892
39,224
For the year ending 31 August 2019 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 and authorised for issue on 16 June 2020 and were signed on its behalf by
T Masood
Director
Company Registration No. 10181723
Empire UK Property Services Ltd
Notes to the Accounts
for the year ended 31 August 2019
Empire UK Property Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 10181723. The registered office is 1 Courtland Avenue, Ilford, Essex, IG1 3DN, England.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The financial statements are presented in Sterling and the figures have been rounded to the nearest £ sterling.
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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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.
Fair value at 1 September 2018
1,081,057
At 31 August 2019
1,245,162
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Creditors: amounts falling due within one year
2019
2018
Taxes and social security
64,670
49,879
Other creditors
365,474
984,500
Empire UK Property Services Ltd
Notes to the Accounts
for the year ended 31 August 2019
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Creditors: amounts falling due after more than one year
2019
2018
Included in creditors due after one year is an amount £764,460 secured by a fixed and floating charge over the assets of the company.
The ultimate controlling party during the year was Mr. T Masood, by virtue of his majority shareholding and directorship of the company.
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Average number of employees
During the year the average number of employees was 2 (2018: 2).
