F.P. Architects Limited
Unaudited Financial Statements
For the year ended 30 April 2023
Pages for Filing with Registrar
Company Registration No. 04717899 (England and Wales)
F.P. Architects Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
F.P. Architects Limited
Balance Sheet
As at 30 April 2023
Page 1
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
2,805
2,621
Cash at bank and in hand
9
8
2,814
2,629
Creditors: amounts falling due within one year
4
(4,489)
(3,223)
Net current liabilities
(1,675)
(594)
Capital and reserves
Called up share capital
5
101
101
Profit and loss reserves
(1,776)
(695)
Total equity
(1,675)
(594)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The financial statements were approved by the board of directors and authorised for issue on 30 January 2024 and are signed on its behalf by:
K Priest
Director
Company Registration No. 04717899
F.P. Architects Limited
Notes to the Financial Statements
For the year ended 30 April 2023
Page 2
1
Accounting policies
Company information

F.P. Architects Limited is a private company limited by shares incorporated in England and Wales. The registered office is First Floor, Middlesex House, 34/42 Cleveland Street, London, W1T 4JE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors continue to monitor the effects of the current economic and political situations on the business and expect that the company will continue in business and meet its liabilities as they fall due. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover
Turnover represents amounts receivable for services rendered during the year, and is stated net of VAT. Turnover is recognised when the right to consideration has arisen through the performance under each contract. Consideration accrues as the contract progresses. Turnover is not recognised where the right to receive payment is contingent on events outside the control of the company.

Amounts billed on account of work in progress are included in creditors as deferred income to the extent that they exceed the value of the related work in progress.

Turnover which has accrued but not been invoiced at the balance sheet date is shown as debtors.
1.4
Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other, or basic financial instruments measured at fair value.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

 

F.P. Architects Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2023
1
Accounting policies
(Continued)
Page 3
1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Foreign exchange

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transaction in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit and loss account.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 2 (2022 - 2).

2023
2022
Number
Number
Total
2
2
F.P. Architects Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2023
Page 4
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts due from group undertakings and undertakings in which the company has a participating interest
2,518
2,387
Other debtors
287
234
2,805
2,621
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,655
644
Amounts due to group undertakings and undertakings in which the company has a participating interest
2,508
2,150
Corporation tax
43
3
Other creditors
283
426
4,489
3,223
5
Called up share capital
2023
2022
£
£
Issued and fully paid
100 Ordinary shares of £1 each
100
100
1 'Golden' share of £1 each
1
1
101
101

Ordinary shares carry full voting rights and fully participate in dividends.

 

Golden shares carry the right to vote in relation to voluntary liquidation and membership of Fletcher Priest Architects LLP.

6
Related party transactions

During the year the company provided marketing services to Fletcher Priest Architects LLP amounting to £2,470 (2022: £2,414), an entity in which the company is a member, incorporated in England and Wales. At the year end £2,508 was due to (2022: £2.150) Fletcher Priest Architects LLP,

7
Parent company

The parent undertaking is FPHL Limited, a company incorporated in England and Wales. The ultimate controlling party is K Priest.

2023-04-302022-05-01falseCCH SoftwareCCH Accounts Production 2023.200No description of principal activityM FletcherK Priest047178992024-01-30047178992022-05-012023-04-30047178992023-04-30047178992022-04-3004717899core:CurrentFinancialInstrumentscore:WithinOneYear2023-04-3004717899core:CurrentFinancialInstrumentscore:WithinOneYear2022-04-3004717899core:ShareCapital2023-04-3004717899core:ShareCapital2022-04-3004717899core:RetainedEarningsAccumulatedLosses2023-04-3004717899core:RetainedEarningsAccumulatedLosses2022-04-3004717899core:ShareCapitalOrdinaryShares2023-04-3004717899core:ShareCapitalOrdinaryShares2022-04-3004717899bus:Director22022-05-012023-04-30047178992021-05-012022-04-3004717899core:CurrentFinancialInstruments2023-04-3004717899core:CurrentFinancialInstruments2022-04-3004717899bus:PrivateLimitedCompanyLtd2022-05-012023-04-3004717899bus:SmallCompaniesRegimeForAccounts2022-05-012023-04-3004717899bus:FRS1022022-05-012023-04-3004717899bus:AuditExemptWithAccountantsReport2022-05-012023-04-3004717899bus:Director12022-05-012023-04-3004717899bus:FullAccounts2022-05-012023-04-30xbrli:purexbrli:sharesiso4217:GBP