Caseware UK (AP4) 2023.0.135 2023.0.135 No description of principal activity7false2022-08-017truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08146893 2022-08-01 2023-07-31 08146893 2021-08-01 2022-07-31 08146893 2023-07-31 08146893 2022-07-31 08146893 2021-08-01 08146893 c:Director1 2022-08-01 2023-07-31 08146893 c:Director3 2022-08-01 2023-07-31 08146893 c:RegisteredOffice 2022-08-01 2023-07-31 08146893 d:FurnitureFittings 2022-08-01 2023-07-31 08146893 d:FurnitureFittings 2023-07-31 08146893 d:FurnitureFittings 2022-07-31 08146893 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 08146893 d:CurrentFinancialInstruments 2023-07-31 08146893 d:CurrentFinancialInstruments 2022-07-31 08146893 d:Non-currentFinancialInstruments 2023-07-31 08146893 d:Non-currentFinancialInstruments 2022-07-31 08146893 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 08146893 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 08146893 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 08146893 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 08146893 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 08146893 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-07-31 08146893 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 08146893 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-07-31 08146893 d:UKTax 2022-08-01 2023-07-31 08146893 d:UKTax 2021-08-01 2022-07-31 08146893 d:ShareCapital 2022-08-01 2023-07-31 08146893 d:ShareCapital 2023-07-31 08146893 d:ShareCapital 2021-08-01 2022-07-31 08146893 d:ShareCapital 2022-07-31 08146893 d:ShareCapital 2021-08-01 08146893 d:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 08146893 d:RetainedEarningsAccumulatedLosses 2023-07-31 08146893 d:RetainedEarningsAccumulatedLosses 2021-08-01 2022-07-31 08146893 d:RetainedEarningsAccumulatedLosses 2022-07-31 08146893 d:RetainedEarningsAccumulatedLosses 2021-08-01 08146893 c:OrdinaryShareClass1 2022-08-01 2023-07-31 08146893 c:OrdinaryShareClass1 2023-07-31 08146893 c:OrdinaryShareClass1 2022-07-31 08146893 c:FRS102 2022-08-01 2023-07-31 08146893 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 08146893 c:AbridgedAccounts 2022-08-01 2023-07-31 08146893 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 08146893 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 08146893 d:AcceleratedTaxDepreciationDeferredTax 2022-07-31 08146893 e:PoundSterling 2022-08-01 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08146893










Potter Church & Holmes Architects Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 July 2023

 
Potter Church & Holmes Architects Limited
 

Company Information


Directors
Mark Potter 
Ms Polly Church 




Registered number
08146893



Registered office
Worlds End Studios
132-134 Lots Road

London

SW10 0RJ




Accountants
Kreston Reeves LLP
Chartered Accountants

2nd Floor

168 Shoreditch High Street

London

E1 6RA





 
Potter Church & Holmes Architects Limited
Registered number: 08146893

Balance sheet
As at 31 July 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 6 
2,253
3,616

  
2,253
3,616

Current assets
  

Debtors
  
73,812
99,823

Cash at bank and in hand
  
15,637
47,383

  
89,449
147,206

Creditors: amounts falling due within one year
 9 
(57,027)
(81,427)

Net current assets
  
 
 
32,422
 
 
65,779

Total assets less current liabilities
  
34,675
69,395

Creditors: amounts falling due after more than one year
  
(24,873)
(33,834)

Provisions for liabilities
  
(459)
(904)

Net assets
  
9,343
34,657


Capital and reserves
  

Called up share capital 
 13 
75
75

Profit and loss account
  
9,268
34,582

  
9,343
34,657


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 on 30 January 2024.



Mark Potter
Ms Polly Church
Director
Director

The notes on pages 4 to 11 form part of these financial statements.
Page 1

 
Potter Church & Holmes Architects Limited
Registered number: 08146893

Balance sheet (continued)
As at 31 July 2023


Page 2

 
Potter Church & Holmes Architects Limited
 

Statement of changes in equity
For the Year Ended 31 July 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 August 2021
75
56,443
56,518


Comprehensive income for the year

Profit for the year
-
96,539
96,539
Total comprehensive income for the year
-
96,539
96,539


Contributions by and distributions to owners

Dividends: Equity capital
-
(118,400)
(118,400)


Total transactions with owners
-
(118,400)
(118,400)



At 1 August 2022
75
34,582
34,657


Comprehensive income for the year

Profit for the year
-
40,286
40,286
Total comprehensive income for the year
-
40,286
40,286


Contributions by and distributions to owners

Dividends: Equity capital
-
(65,600)
(65,600)


Total transactions with owners
-
(65,600)
(65,600)


At 31 July 2023
75
9,268
9,343


The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
Potter Church & Holmes Architects Limited
 

 
Notes to the financial statements
For the Year Ended 31 July 2023

1.


General information

The company is registered as a private company limited by shares, incorporated and domiciled in England & Wales. The company's registered office is Worlds End Studios, 132-134 Lots Road, London, SW10 0RJ.
The Company's principal activity during the year was that of consulting Architects.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of the services supplied during
the year, exclusive of Value Added Tax and trade discounts.

 
2.3

Going concern

The directors have prepared these financial statements on the going concern basis.The directors have reviewed the company's position and the long term position and are satisfied that it is able to continue without any major issues and that the going concern basis of preparation is the correct basis.

 
2.4

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures, fittings and equipments
-
20%
straight line

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.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

Page 4

 
Potter Church & Holmes Architects Limited
 

 
Notes to the financial statements
For the Year Ended 31 July 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Creditors

Short term creditors are measured at the transaction price. 

 
2.8

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

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.

 
2.11

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.12

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
Potter Church & Holmes Architects Limited
 

 
Notes to the financial statements
For the Year Ended 31 July 2023

2.Accounting policies (continued)

 
2.13

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

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


4.


Directors' remuneration

2023
2022
£
£

Directors' emoluments
46,747
36,570

Company contributions to defined contribution pension schemes
7,224
2,438

53,971
39,008


Page 6

 
Potter Church & Holmes Architects Limited
 

 
Notes to the financial statements
For the Year Ended 31 July 2023

5.


Taxation


2023
2022
£
£

Corporation tax


Current tax on profits for the year
9,455
22,645

Adjustments in respect of previous periods
(1,702)
(13,211)


7,753
9,434


Total current tax
7,753
9,434

Deferred tax


Origination and reversal of timing differences
(445)
(248)

Total deferred tax
(445)
(248)


Taxation on profit on ordinary activities
7,308
9,186

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of  19% (2022 - 19%).



Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 7

 
Potter Church & Holmes Architects Limited
 

 
Notes to the financial statements
For the Year Ended 31 July 2023

6.


Tangible fixed assets





Fixtures, fittings and equipments

£



Cost or valuation


At 1 August 2022
38,109


Additions
309



At 31 July 2023

38,418



Depreciation


At 1 August 2022
34,492


Charge for the year on owned assets
1,673



At 31 July 2023

36,165



Net book value



At 31 July 2023
2,253



At 31 July 2022
3,617

Page 8

 
Potter Church & Holmes Architects Limited
 

 
Notes to the financial statements
For the Year Ended 31 July 2023

7.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
2,200
4,800


2023
2022
£
£

Due within one year

Trade debtors
51,679
82,445

Other debtors
11,423
7,000

Prepayments and accrued income
8,510
5,578

71,612
95,023



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
15,637
47,383



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
9,893
10,648

Trade creditors
3,182
11,496

Corporation tax
9,455
22,645

Other taxation and social security
23,001
24,654

Other creditors
6,313
7,321

Accruals and deferred income
5,183
4,663

57,027
81,427



10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Government loans
24,873
33,835


Page 9

 
Potter Church & Holmes Architects Limited
 

 
Notes to the financial statements
For the Year Ended 31 July 2023

11.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
9,893
10,648

Amounts falling due 1-2 years

Bank loans
10,142
10,648

Amounts falling due 2-5 years

Bank loans
14,731
23,187


34,766
44,483



12.


Deferred taxation




2023
2022


£

£






At beginning of year
(904)
(1,152)


Charged to profit or loss
445
248



At end of year
(459)
(904)

The deferred tax balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(459)
(904)

(459)
(904)

Comprising:

Liability
(459)
(904)

(459)
(904)


Page 10

 
Potter Church & Holmes Architects Limited
 

 
Notes to the financial statements
For the Year Ended 31 July 2023

13.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



75 (2022 - 75) Ordinary shares of £1 each
75
75


On the 10 May 2019 the 75 Ordinary Shares were restated as to:
25 'A' ordinary shares of £1 each
25 'B' ordinary shares of £1 each
25 'C' ordinary shares of £1 each


14.


Dividends

2023
2022
£
£


Dividends paid on ordinary shares
65,600
118,400


15.


Related party transactions

During the year company paid dividends amounting to £65,600 (2022 - £118,400) to the directors.
As at 31 July 2023 the company owed £1,274 (2022 - £1,238) to Mark Potter, and was owed £7,000 by Polly Church (2022 - £7,000 owed by Polly Church).


16.


Controlling party

The company is controlled by the directors who jointly own 100% of the issued share capital in the
company.


Page 11