IRIS Accounts Production v23.3.1.45 07937904 Board of Directors 1.3.22 28.2.23 28.2.23 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure079379042022-02-28079379042023-02-28079379042022-03-012023-02-28079379042021-02-28079379042021-03-012022-02-28079379042022-02-2807937904ns16:EnglandWales2022-03-012023-02-2807937904ns15:PoundSterling2022-03-012023-02-2807937904ns11:Director12022-03-012023-02-2807937904ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2807937904ns11:SmallEntities2022-03-012023-02-2807937904ns11:AuditExempt-NoAccountantsReport2022-03-012023-02-2807937904ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2807937904ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-2807937904ns11:FullAccounts2022-03-012023-02-2807937904ns11:Director22022-03-012023-02-2807937904ns11:RegisteredOffice2022-03-012023-02-2807937904ns6:CurrentFinancialInstruments2023-02-2807937904ns6:CurrentFinancialInstruments2022-02-2807937904ns6:ShareCapital2023-02-2807937904ns6:ShareCapital2022-02-2807937904ns6:RetainedEarningsAccumulatedLosses2023-02-2807937904ns6:PlantMachinery2022-03-012023-02-2807937904ns6:ComputerEquipment2022-03-012023-02-2807937904ns6:PlantMachinery2022-02-2807937904ns6:PlantMachinery2023-02-2807937904ns6:PlantMachinery2022-02-2807937904ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-2807937904ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-28
REGISTERED NUMBER: 07937904 (England and Wales)












Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Penson Architecture Limited

Penson Architecture Limited (Registered number: 07937904)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Penson Architecture Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: L J Penson
Mrs L I Penson





REGISTERED OFFICE: Bennett House
The Dean
Alresford
Hampshire
SO24 9BH





REGISTERED NUMBER: 07937904 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
Bennett House
The Dean
Alresford
Hampshire
SO24 9BH

Penson Architecture Limited (Registered number: 07937904)

Balance Sheet
28 February 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,055 5,498

CURRENT ASSETS
Debtors 5 909,545 727,021
Cash at bank 400,784 781,698
1,310,329 1,508,719
CREDITORS
Amounts falling due within one year 6 200,577 116,387
NET CURRENT ASSETS 1,109,752 1,392,332
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,114,807

1,397,830

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 1,114,805 1,397,828
SHAREHOLDERS' FUNDS 1,114,807 1,397,830

Penson Architecture Limited (Registered number: 07937904)

Balance Sheet - continued
28 February 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 29 November 2023 and were signed on its behalf by:





L J Penson - Director


Penson Architecture Limited (Registered number: 07937904)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Penson Architecture Limited 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.

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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Penson Architecture Limited (Registered number: 07937904)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 89,140
Additions 3,368
At 28 February 2023 92,508
DEPRECIATION
At 1 March 2022 83,642
Charge for year 3,811
At 28 February 2023 87,453
NET BOOK VALUE
At 28 February 2023 5,055
At 28 February 2022 5,498

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 630,072 186,139
Other debtors 279,473 540,882
909,545 727,021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade creditors 3,003 500
Amounts owed to group undertakings 1,087 -
Taxation and social security 177,948 102,671
Other creditors 18,539 13,216
200,577 116,387

Penson Architecture Limited (Registered number: 07937904)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
Value: £ £
1 Ordinary £1 1 1
1 Ordinary 'B' £1 1 1
2 2

The Ordinary shares and Ordinary 'B' shares rank separately with regard to voting rights, with Ordinary 'B' shares having no voting rights attached and no rights in respect of capital including on winding up.

The Ordinary and Ordinary 'B' shares also rank separately with regard to entitlement to dividends. The directors may at any time resolve to declare a dividend on one or more class of share and not on the other class of share.

During December 2021, Penson Architecture Limited entered a new group structure, with 100% of the share capital being transferred from the existing shareholders to Penson Architecture Holdings Limited, a new holdings company. Penson Architecture Limited is now a direct subsidiary of the new holdings entity.

8. ULTIMATE CONTROLLING PARTY

During the period under review the company was under the ultimate control of Mr L J Penson, by virtue of his position as director and controlling shareholder prior to the corporate restructure, and by being the controlling shareholder in the parent company, Penson Architecture Holdings Limited, post restructure.