Accounts Submission


EMPIRE PROPERTY MANCHESTER LIMITED

Company Registration Number:
08968728 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2020

Period of accounts

Start date: 01 April 2019

End date: 31 March 2020

EMPIRE PROPERTY MANCHESTER LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2020

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

EMPIRE PROPERTY MANCHESTER LIMITED

Company Information

for the Period Ended 31 March 2020




Director: Muhammad SHAHID
Registered office: 1016
Stockport Road
Levenshulme
Manchester
M19 3WN
Company Registration Number: 08968728 (England and Wales)

EMPIRE PROPERTY MANCHESTER LIMITED

Balance sheet

As at 31 March 2020


Notes

2020
£

2019
£
Fixed assets
Tangible assets: 4 3,006,423 2,731,166
Total fixed assets: 3,006,423 2,731,166
Current assets
Cash at bank and in hand: 455,901 108,928
Total current assets: 455,901 108,928
Creditors: amounts falling due within one year: 5 ( 40,269 ) ( 24,886 )
Net current assets (liabilities): 415,632 84,042
Total assets less current liabilities: 3,422,055 2,815,208
Creditors: amounts falling due after more than one year: 6 ( 3,020,395 ) ( 2,459,774 )
Total net assets (liabilities): 401,660 355,434

The notes form part of these financial statements

EMPIRE PROPERTY MANCHESTER LIMITED

Balance sheet continued

As at 31 March 2020


Notes

2020
£

2019
£
Capital and reserves
Called up share capital: 1 1
Revaluation reserve: 7 281,929 281,929
Profit and loss account: 119,730 73,504
Shareholders funds: 401,660 355,434

For the year ending 31 March 2020 the company was entitled to exemption 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 18 January 2021
And Signed On Behalf Of The Board By:

Name: Muhammad SHAHID
Status: Director

The notes form part of these financial statements

EMPIRE PROPERTY MANCHESTER LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover represent sale (net of VAT)

EMPIRE PROPERTY MANCHESTER LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

  • 2. Employees


    2020

    2019
    Average number of employees during the period 1 0

EMPIRE PROPERTY MANCHESTER LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

  • 3. Off balance sheet disclosure

    No

EMPIRE PROPERTY MANCHESTER LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

4. Tangible assets

Land & buildings Total
Cost £ £
At 01 April 2019 2,731,166 2,731,166
Additions 275,257 275,257
Disposals - -
Revaluations - -
Transfers - -
At 31 March 2020 3,006,423 3,006,423
Depreciation
At 01 April 2019 - -
Charge for year - -
On disposals - -
Other adjustments - -
At 31 March 2020 - -
Net book value
At 31 March 2020 3,006,423 3,006,423
At 31 March 2019 2,731,166 2,731,166

EMPIRE PROPERTY MANCHESTER LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

5.Creditors: amounts falling due within one year note


2020
£

2019
£
Trade creditors 2,180
Taxation and social security 10,078 6,475
Other creditors 28,011 18,411
Total 40,269 24,886

EMPIRE PROPERTY MANCHESTER LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

6.Creditors: amounts falling due after more than one year


2020
£

2019
£
Bank loans and overdrafts 1,854,131 1,199,253
Other creditors 1,166,264 1,260,521
Total 3,020,395 2,459,774

Other creditors represent Director Muhammad SHAHID's loan a.c. of £1,166,264 (2019: £1,260,521)

EMPIRE PROPERTY MANCHESTER LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

7. Revaluation reserve


2020
£
Balance at 01 April 2019 281,929
Surplus or deficit after revaluation 0
Balance at 31 March 2020 281,929