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REGISTERED NUMBER: 09150574 (England and Wales)















Amanda Levete Architects Limited

Unaudited Financial Statements

for the Year Ended 31 October 2023






Amanda Levete Architects Limited (Registered number: 09150574)

Contents of the Financial Statements
for the year ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Amanda Levete Architects Limited

Company Information
for the year ended 31 October 2023







Directors: A Levete
H Ho-Yin Ng





Registered office: 33 John Street
London
WC1N 2AT





Registered number: 09150574 (England and Wales)





Accountants: Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Amanda Levete Architects Limited (Registered number: 09150574)

Balance Sheet
31 October 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 227,289 322,446
Investments 5 - -
227,289 322,446

Current assets
Debtors 6 1,334,353 1,040,292
Cash at bank 1,637,223 3,338,492
2,971,576 4,378,784
Creditors
Amounts falling due within one year 7 393,188 2,551,767
Net current assets 2,578,388 1,827,017
Total assets less current liabilities 2,805,677 2,149,463

Provisions for liabilities 8 43,185 82,600
Net assets 2,762,492 2,066,863

Capital and reserves
Called up share capital 9 100 100
Retained earnings 10 2,762,392 2,066,763
Shareholders' funds 2,762,492 2,066,863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





A Levete - Director


Amanda Levete Architects Limited (Registered number: 09150574)

Notes to the Financial Statements
for the year ended 31 October 2023


1. Statutory information

Amanda Levete Architects Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

The company engages in projects which can take more than a year to complete. The directors therefore must make estimations in terms of the level of revenue to recognise within each set of annual financial statements. These calculations are determined by the estimated level of completion on these projects and the expected profitability. Such estimations are by their nature judgemental but are backed by reviews of correspondence and resourcing forecasts performed post year end.

The company's tangible assets are depreciated on a straight line basis over their useful economic lives. Management reviews the appropriateness of assets' useful economic lives at least annually and any changes could affect prospective depreciation rates and assets carrying values.

Turnover
Turnover on long term contracts is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Amanda Levete Architects Limited (Registered number: 09150574)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Long term contracts
Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.

Fixed asset investments
Fixed assets investments, in relation to warrants held, are revalued at the end of each period to the realisable fair value less disposal costs. Revaluations are realise through the profit and loss account, in the year they relate.

3. Employees and directors

The average number of employees during the year was 38 (2022 - 55 ) .

4. Tangible fixed assets
Improvements Computer
to property equipment Totals
£ £ £
Cost
At 1 November 2022 411,645 185,659 597,304
Additions - 1,940 1,940
At 31 October 2023 411,645 187,599 599,244
Depreciation
At 1 November 2022 128,085 146,773 274,858
Charge for year 82,329 14,768 97,097
At 31 October 2023 210,414 161,541 371,955
Net book value
At 31 October 2023 201,231 26,058 227,289
At 31 October 2022 283,560 38,886 322,446

Amanda Levete Architects Limited (Registered number: 09150574)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


5. Fixed asset investments

2023 2022
Fair value b'fwd - -
Additions at cost 57,387 1,075,671
Impairment to fair value (57,387 ) (1,075,671 )
Fair value c'fwd - -

6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 148,768 902,587
Amounts owed by group undertakings 151,210 132,881
Other debtors 1,034,375 4,824
1,334,353 1,040,292

7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 166,887 97,927
Amounts owed to group undertakings 103,391 56
Taxation and social security 73,530 507,609
Other creditors 49,380 1,946,175
393,188 2,551,767

8. Provisions for liabilities
2023 2022
£ £
Deferred tax
Accelerated capital allowances 43,185 82,600

Deferred tax
£
Balance at 1 November 2022 82,600
Credit to Income Statement during year (39,415 )
Balance at 31 October 2023 43,185

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100

Amanda Levete Architects Limited (Registered number: 09150574)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


10. Reserves
Retained
earnings
£

At 1 November 2022 2,066,763
Profit for the year 695,629
At 31 October 2023 2,762,392