Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-3152022-11-01falseNo description of principal activity7truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08752971 2022-11-01 2023-10-31 08752971 2021-11-01 2022-10-31 08752971 2023-10-31 08752971 2022-10-31 08752971 c:Director1 2022-11-01 2023-10-31 08752971 c:Director2 2022-11-01 2023-10-31 08752971 d:OfficeEquipment 2022-11-01 2023-10-31 08752971 d:OfficeEquipment 2023-10-31 08752971 d:OfficeEquipment 2022-10-31 08752971 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 08752971 d:ComputerEquipment 2022-11-01 2023-10-31 08752971 d:ComputerEquipment 2023-10-31 08752971 d:ComputerEquipment 2022-10-31 08752971 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 08752971 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 08752971 d:CurrentFinancialInstruments 2023-10-31 08752971 d:CurrentFinancialInstruments 2022-10-31 08752971 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 08752971 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 08752971 d:ShareCapital 2023-10-31 08752971 d:ShareCapital 2022-10-31 08752971 d:RetainedEarningsAccumulatedLosses 2023-10-31 08752971 d:RetainedEarningsAccumulatedLosses 2022-10-31 08752971 c:OrdinaryShareClass1 2022-11-01 2023-10-31 08752971 c:OrdinaryShareClass1 2023-10-31 08752971 c:OrdinaryShareClass1 2022-10-31 08752971 c:FRS102 2022-11-01 2023-10-31 08752971 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 08752971 c:FullAccounts 2022-11-01 2023-10-31 08752971 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08752971 2 2022-11-01 2023-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08752971









PALMER LUNN ARCHITECTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

 
PALMER LUNN ARCHITECTS LIMITED
REGISTERED NUMBER: 08752971

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,954
12,443

  
10,954
12,443

Current assets
  

Debtors: amounts falling due within one year
 5 
67,173
84,908

Cash at bank and in hand
 6 
79,023
224,041

  
146,196
308,949

Creditors: amounts falling due within one year
 7 
(37,499)
(65,797)

Net current assets
  
 
 
108,697
 
 
243,152

Total assets less current liabilities
  
119,651
255,595

  

Net assets
  
119,651
255,595


Capital and reserves
  

Called up share capital 
 8 
2
2

Profit and loss account
  
119,649
255,593

  
119,651
255,595


Page 1

 
PALMER LUNN ARCHITECTS LIMITED
REGISTERED NUMBER: 08752971
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Lunn
R Palmer
Director
Director


Date: 17 April 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PALMER LUNN ARCHITECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Palmer Lunn Architects Limited is a private company limited by shares, incorporated and registered in England and Wales (registered number: 08752971).
The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH. The principal place of business address is The Metal Box Factory, 30 Great Guildford Street, London, SE1 0HS.
The principal activity of the Company continued to be that of architectural services.
The financial statements are presented in Sterling, which is the functional currency of the Company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
PALMER LUNN ARCHITECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

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 in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
PALMER LUNN ARCHITECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 7).


4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 November 2022
43,061
5,796
48,857


Additions
-
1,690
1,690



At 31 October 2023

43,061
7,486
50,547



Depreciation


At 1 November 2022
36,414
-
36,414


Charge for the year on owned assets
3,179
-
3,179



At 31 October 2023

39,593
-
39,593



Net book value



At 31 October 2023
3,468
7,486
10,954



At 31 October 2022
6,647
5,796
12,443

Page 5

 
PALMER LUNN ARCHITECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
38,680
59,876

Other debtors
14,351
14,743

Prepayments and accrued income
14,142
10,289

67,173
84,908



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
79,023
224,041

79,023
224,041



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
8,227
6,562

Corporation tax
6,084
29,580

Other taxation and social security
19,634
25,612

Other creditors
554
1,043

Accruals and deferred income
3,000
3,000

37,499
65,797



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2


 
Page 6