David Rea Architects Ltd
Registered number: 06779444
Statement of Financial Position
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 653 871
Current assets
Debtors 4 5,513 6,420
Cash at bank and in hand 97 21
5,610 6,441
Creditors: amounts falling due within one year 5 (151,367) (117,200)
Net current liabilities (145,757) (110,759)
Net liabilities (145,104) (109,888)
Capital and reserves
Called up share capital 100 100
Profit and loss account (145,204) (109,988)
Shareholder's funds (145,104) (109,888)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Rea
Director
Approved by the board on 26 September 2024
David Rea Architects Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Going concern
The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The company is continuing to trade as the director of the company is funding the company in the form of a director’s loan. The director is planning to continue this financial support for the company for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Employees and directors 2023 2022
Number Number
Average number of directors and persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 2,045
At 31 December 2023 2,045
Depreciation
At 1 January 2023 1,174
Charge for the year 218
At 31 December 2023 1,392
Net book value
At 31 December 2023 653
At 31 December 2022 871
4 Debtors 2023 2022
£ £
Trade debtors 62,280 -
Bad debt provision (62,280) -
Prepayments 4,429 3,780
Other debtors 1,084 2,640
5,513 6,420
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,046 1,132
Accruals 3,054 1,392
Other taxes and social security costs 21,038 29,259
Other creditors 126,229 85,417
151,367 117,200
6 Other information
David Rea Architects Ltd is a private company limited by shares and incorporated in England. Its registered office is:
16 Powis Mews
London
W11 1JN
David Rea Architects Ltd 06779444 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts April 2024 D Rea No description of principal activity 06779444 2022-01-01 2022-12-31 06779444 core:WithinOneYear 2022-12-31 06779444 core:ShareCapital 2022-12-31 06779444 core:RetainedEarningsAccumulatedLosses 2022-12-31 06779444 2023-01-01 2023-12-31 06779444 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06779444 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 06779444 bus:Director40 2023-01-01 2023-12-31 06779444 1 2023-01-01 2023-12-31 06779444 2 2023-01-01 2023-12-31 06779444 core:PlantMachinery 2023-01-01 2023-12-31 06779444 countries:England 2023-01-01 2023-12-31 06779444 bus:FRS102 2023-01-01 2023-12-31 06779444 bus:FilletedAccounts 2023-01-01 2023-12-31 06779444 2023-12-31 06779444 core:WithinOneYear 2023-12-31 06779444 core:ShareCapital 2023-12-31 06779444 core:RetainedEarningsAccumulatedLosses 2023-12-31 06779444 core:PlantMachinery 2023-12-31 06779444 2022-12-31 06779444 core:PlantMachinery 2022-12-31 iso4217:GBP xbrli:pure