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Registration number: 11578881

Jon Matthews Architects Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

Jon Matthews Architects Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

Jon Matthews Architects Limited

Company Information

Director

Mr Jon Matthews

Registered office

Union House
Albert Square
Manchester
M2 6LW

Accountants

Williamson Croft Accountants Limited
Chartered Certified Accountants
York House
20 York Street
Manchester
M2 3BB

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Jon Matthews Architects Limited
for the Year Ended 31 October 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Jon Matthews Architects Limited for the year ended 31 October 2023 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Jon Matthews Architects Limited, as a body, in accordance with the terms of our engagement letter dated 13 October 2023. Our work has been undertaken solely to prepare for your approval the accounts of Jon Matthews Architects Limited and state those matters that we have agreed to state to the Board of Directors of Jon Matthews Architects Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jon Matthews Architects Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Jon Matthews Architects Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Jon Matthews Architects Limited. You consider that Jon Matthews Architects Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Jon Matthews Architects Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Williamson Croft Accountants Limited
Chartered Certified Accountants
York House
20 York Street
Manchester
M2 3BB

30 July 2024

 

Jon Matthews Architects Limited

(Registration number: 11578881)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

192,837

248,027

Current assets

 

Debtors

5

1,220,538

549,216

Cash at bank and in hand

 

470,286

743,734

 

1,690,824

1,292,950

Creditors: Amounts falling due within one year

6

(921,930)

(1,332,085)

Net current assets/(liabilities)

 

768,894

(39,135)

Total assets less current liabilities

 

961,731

208,892

Provisions for liabilities

(25,967)

(28,422)

Net assets

 

935,764

180,470

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

935,664

180,370

Shareholders' funds

 

935,764

180,470

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 30 July 2024
 

.........................................
Mr Jon Matthews
Director

 

Jon Matthews Architects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Union House
Albert Square
Manchester
M2 6LW
United Kingdom

These financial statements were authorised for issue by the director on 30 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company.

Summary of disclosure exemptions

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

Jon Matthews Architects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold improvements

Over the life of the lease

Office equipment

Straight line over 3 or 5 years

Motor vehicles

Straight line over 4 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Jon Matthews Architects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 27 (2022 - 25).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2022

127,329

236,538

13,242

377,109

Additions

2,165

27,089

-

29,254

At 31 October 2023

129,494

263,627

13,242

406,363

Depreciation

At 1 November 2022

13,986

103,233

11,863

129,082

Charge for the year

26,537

56,528

1,379

84,444

At 31 October 2023

40,523

159,761

13,242

213,526

Carrying amount

At 31 October 2023

88,971

103,866

-

192,837

At 31 October 2022

113,343

133,305

1,379

248,027

Included within the net book value of land and buildings above is £88,971 (2022 - £113,343) in respect of short leasehold land and buildings.
 

 

Jon Matthews Architects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

5

Debtors

2023
£

2022
£

Trade debtors

937,907

476,404

Prepayments

82,621

71,989

Other debtors

200,010

823

1,220,538

549,216

6

Creditors

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

48,465

86,880

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

7,600

600,000

Taxation and social security

 

456,457

372,056

Accruals and deferred income

 

386,407

267,067

Other creditors

 

23,001

6,082

 

921,930

1,332,085

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary share of £1 each

100

100

100

100

       
 

Jon Matthews Architects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments, guarantees and contingencies not included in the balance sheet is £7,454,725 (2022 - £319,856).

9

Related party transactions

The company has taken advantage of the exemption conferred by FRS 102 Section 1A, not to disclose transactions with wholly owned members of the group.

Other transactions with the director

The company has provided a guarantee for certain obligations in respect of a balance totalling £6,732,000 due to the director Mr Matthews and his spouse Mrs Matthews. The guarantee is secured by a fixed and floating charge and negative pledge.

10

Parent and ultimate parent undertaking

The company's immediate parent is Twelve Bankside Limited, incorporated in England and Wales.

 The company's ultimate beneficial owner is the Jon Matthews Architects Employee Ownership Trust which is controlled by JMA (EOT) Ltd the sole trustee. JMA (EOT) Ltd is incorporated in England and Wales.