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COMPANY REGISTRATION NUMBER: 04360472
AHP Architects and Surveyors Limited
Filleted Financial Statements
31 March 2024
AHP Architects and Surveyors Limited
Financial Statements
Year ended 31 March 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
AHP Architects and Surveyors Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
8,934
15,354
Current assets
Debtors
6
905,583
960,014
Cash at bank and in hand
895,607
872,327
------------
------------
1,801,190
1,832,341
Creditors: amounts falling due within one year
7
580,532
917,413
------------
------------
Net current assets
1,220,658
914,928
------------
---------
Total assets less current liabilities
1,229,592
930,282
Provisions
Taxation including deferred tax
2,233
2,917
------------
---------
Net assets
1,227,359
927,365
------------
---------
Capital and reserves
Called up share capital
125
125
Share premium account
7,369
7,369
Profit and loss account
1,219,865
919,871
------------
---------
Shareholders funds
1,227,359
927,365
------------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
These financial statements were approved by the board of directors and authorised for issue on 26 July 2024 , and are signed on behalf of the board by:
Mr L M Grady
Director
Company registration number: 04360472
AHP Architects and Surveyors Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 18 St. Johns Hill, Sevenoaks, Kent, TN13 3NP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Property improvements
-
10% straight line
Fixtures and fittings
-
25% reducing balance
Office equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 24 (2023: 22 ).
5. Tangible assets
Property improvements
Fixtures and fittings
Office equipment
Total
£
£
£
£
Cost
At 1 April 2023
24,247
35,705
160,826
220,778
Additions
655
655
Disposals
( 95,214)
( 95,214)
--------
--------
---------
---------
At 31 March 2024
24,247
35,705
66,267
126,219
--------
--------
---------
---------
Depreciation
At 1 April 2023
24,247
34,616
146,561
205,424
Charge for the year
272
6,803
7,075
Disposals
( 95,214)
( 95,214)
--------
--------
---------
---------
At 31 March 2024
24,247
34,888
58,150
117,285
--------
--------
---------
---------
Carrying amount
At 31 March 2024
817
8,117
8,934
--------
--------
---------
---------
At 31 March 2023
1,089
14,265
15,354
--------
--------
---------
---------
6. Debtors
2024
2023
£
£
Trade debtors
851,929
914,058
Amounts owed by group undertakings
6,661
Other debtors
46,993
45,956
---------
---------
905,583
960,014
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
160,614
154,279
Corporation tax
222,450
281,919
Social security and other taxes
140,184
190,879
Other creditors
57,284
290,336
---------
---------
580,532
917,413
---------
---------
8. Summary audit opinion
The auditor's report dated 29 July 2024 was unqualified .
The senior statutory auditor was Thomas Saltmer , for and on behalf of Burgess Hodgson LLP .
9. Related party transactions
At the year end AHP Architects and Surveyors Limited owed £534 to companies under common control and AHP Architects and Surveyors Limited was owed £7,195 from companies under common control. At the year end AHP Architects and Surveyors Limited was owed in aggregate £6,661 (2023: £0) to companies associated under common control.
10. Controlling party
The ultimate parent company is Cobden Holdings Limited , a company registered in England & Wales. The registered address of the ultimate controlling party is: 18 St Johns Hill, Sevenoaks, Kent, TN13 3NP .