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REGISTERED NUMBER: 06831219 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

POD ARCHITECTS LTD

POD ARCHITECTS LTD (REGISTERED NUMBER: 06831219)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POD ARCHITECTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr P R Shedden
Mr J Bethel
Mr R P Shedden





REGISTERED OFFICE: Mackenzies Accountants
4 Kings Row
Armstrong Road
Maidstone
Kent
ME15 6AQ





REGISTERED NUMBER: 06831219 (England and Wales)





ACCOUNTANTS: Mackenzies Accountants Limited
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

POD ARCHITECTS LTD (REGISTERED NUMBER: 06831219)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 33,824 42,284

CURRENT ASSETS
Debtors 5 32,696 193,912
Cash at bank and in hand 213,753 539,922
246,449 733,834
CREDITORS
Amounts falling due within one year 6 237,336 630,445
NET CURRENT ASSETS 9,113 103,389
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,937

145,673

CREDITORS
Amounts falling due after more than one
year

7

(9,523

)

(19,665

)

PROVISIONS FOR LIABILITIES 10 (6,426 ) (8,034 )
NET ASSETS 26,988 117,974

CAPITAL AND RESERVES
Called up share capital 11 300 300
Retained earnings 26,688 117,674
SHAREHOLDERS' FUNDS 26,988 117,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

POD ARCHITECTS LTD (REGISTERED NUMBER: 06831219)

BALANCE SHEET - continued
30 JUNE 2024


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:




Mr P R Shedden - Director Mr J Bethel - Director




Mr R P Shedden - Director


POD ARCHITECTS LTD (REGISTERED NUMBER: 06831219)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Pod Architects Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 10% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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.

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.

POD ARCHITECTS LTD (REGISTERED NUMBER: 06831219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Improvements and Computer
to property fittings equipment Totals
£ £ £ £
COST
At 1 July 2023
and 30 June 2024 17,778 12,960 37,401 68,139
DEPRECIATION
At 1 July 2023 2,222 5,277 18,356 25,855
Charge for year 1,778 1,921 4,761 8,460
At 30 June 2024 4,000 7,198 23,117 34,315
NET BOOK VALUE
At 30 June 2024 13,778 5,762 14,284 33,824
At 30 June 2023 15,556 7,683 19,045 42,284

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors - 155,514
Other debtors 22,380 22,380
Prepayments and accrued income 10,316 16,018
32,696 193,912

Other debtors consists of a rent deposit of £12,380 (2023: £12,380) and employee loan of £10,000 (2023: £10,000).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts (see note 8) 10,389 10,260
Trade creditors 111,086 376,308
Tax 60,866 116,427
Social security and other taxes 2,907 9,557
VAT 14,910 59,656
Other creditors 225 2,088
Shedden Associates Limited - 2,363
Directors' loan accounts - 15,464
Accrued expenses 36,953 38,322
237,336 630,445

POD ARCHITECTS LTD (REGISTERED NUMBER: 06831219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Accruals consists of the following amounts:
- Accountancy fees £558 (2023: £4,392)
- Professional indemnity insurance relating to the 'Swindon project' amounting to £10,000 (2023: £13,333)
- Dilapidation provision on leasehold premises £24,759 (2023: £16,506)
- Employee holiday pay provision £1,636 (2023: £4,091)

Other creditors relates to pension contributions payable amounting to £225 (2023: £2,088).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans (see note 8) 9,523 19,665

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 10,389 10,260

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,523 10,260

Amounts falling due between two and five years:
Bank loans - 2-5 years - 9,405

The bank loan is an unsecured Covid Bounce Back loan.

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 50,296 50,296
Between one and five years 56,910 107,206
107,206 157,502

10. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 6,426 8,034

POD ARCHITECTS LTD (REGISTERED NUMBER: 06831219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


10. PROVISIONS FOR LIABILITIES - continued

Deferred tax
£
Balance at 1 July 2023 8,034
Provided during year (1,608 )
Balance at 30 June 2024 6,426

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
285 Ordinary A £1 285 285
5 Ordinary D £1 5 5
5 Ordinary E £1 5 5
5 Ordinary F £1 5 5
300 300

12. RELATED PARTY DISCLOSURES

During the year Shedden Associates Ltd, a company controlled by Paul Shedden provided consultancy services to the company of £21,300 (2023: £Nil), Shedden Investments Ltd, a company controlled by Ryan Shedden provided consultancy services to the company of £60,225 (2023: £Nil) and Jonathan Bethel Design Ltd, a company controlled by Jonathan Bethel provided consultancy services to the company of £60,000 (2023: £Nil). The directors consider these services to have been supplied at open market value on upon normal commercial terms.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party at the balance sheet date was Paul Shedden, a director of the company, by virtue of his controlling interest in Shedden Associates Limited, the company's parent company.

Subsequent to the balance sheet date, on 4th July 2024, Shedden Associates Limited sold its controlling interest of in the company, at open market value, to Shedden Investments Limited. Therefore, with effect from 4th July 2024 the company's ultimate controlling party is Ryan Shedden, a director of the company, by virtue of his controlling interest of in Shedden Investments Limited.