Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-01-01No description of principal activity1515truetruefalse 05145380 2023-01-01 2023-12-31 05145380 2022-01-01 2022-12-31 05145380 2023-12-31 05145380 2022-12-31 05145380 c:Director1 2023-01-01 2023-12-31 05145380 d:FurnitureFittings 2023-01-01 2023-12-31 05145380 d:FurnitureFittings 2023-12-31 05145380 d:FurnitureFittings 2022-12-31 05145380 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05145380 d:ComputerEquipment 2023-01-01 2023-12-31 05145380 d:ComputerEquipment 2023-12-31 05145380 d:ComputerEquipment 2022-12-31 05145380 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05145380 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05145380 d:CurrentFinancialInstruments 2023-12-31 05145380 d:CurrentFinancialInstruments 2022-12-31 05145380 d:Non-currentFinancialInstruments 2023-12-31 05145380 d:Non-currentFinancialInstruments 2022-12-31 05145380 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05145380 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05145380 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 05145380 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 05145380 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 05145380 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 05145380 d:ShareCapital 2023-12-31 05145380 d:ShareCapital 2022-12-31 05145380 d:RetainedEarningsAccumulatedLosses 2023-12-31 05145380 d:RetainedEarningsAccumulatedLosses 2022-12-31 05145380 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-01-01 2023-12-31 05145380 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-12-31 05145380 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-12-31 05145380 c:FRS102 2023-01-01 2023-12-31 05145380 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05145380 c:FullAccounts 2023-01-01 2023-12-31 05145380 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05145380 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 05145380









CLARIDGE ARCHITECTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
CLARIDGE ARCHITECTS LIMITED
REGISTERED NUMBER: 05145380

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
21,905
32,771

  
21,905
32,771

Current assets
  

Stocks
  
253,500
207,000

Debtors: amounts falling due within one year
 5 
393,563
532,554

Cash at bank and in hand
 6 
261
52,345

  
647,324
791,899

Creditors: amounts falling due within one year
 7 
(885,474)
(817,193)

Net current liabilities
  
 
 
(238,150)
 
 
(25,294)

Total assets less current liabilities
  
(216,245)
7,477

Creditors: amounts falling due after more than one year
 8 
(95,887)
(80,915)

Provisions for liabilities
  

Other provisions
  
-
(5,994)

  
 
 
-
 
 
(5,994)

Net liabilities
  
(312,132)
(79,432)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(312,232)
(79,532)

  
(312,132)
(79,432)


Page 1

 
CLARIDGE ARCHITECTS LIMITED
REGISTERED NUMBER: 05145380
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 October 2024.




Mr M Claridge
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
CLARIDGE ARCHITECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Claridge Architects Limited is a private company limited by shares. The company is incorporated in England and Wales and its registered office address is Meridien House, 42 Upper Berkeley Street, London, England, W1H 5QL. The company registration number is 05145380.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company's liabilities exceed its assets, however, the company retains the financial support of its shareholder and as such the director considers it appropriate to prepare the accounts on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
CLARIDGE ARCHITECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
CLARIDGE ARCHITECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Reducing balance basis
Computer equipment
-
33%
Straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
CLARIDGE ARCHITECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2022 - 15).

Page 6

 
CLARIDGE ARCHITECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
99,483
93,410
192,893


Disposals
(5,142)
-
(5,142)



At 31 December 2023

94,341
93,410
187,751



Depreciation


At 1 January 2023
77,896
82,226
160,122


Charge for the year on owned assets
5,397
5,283
10,680


Disposals
(4,956)
-
(4,956)



At 31 December 2023

78,337
87,509
165,846



Net book value



At 31 December 2023
16,004
5,901
21,905



At 31 December 2022
21,587
11,184
32,771


5.


Debtors

2023
2022
£
£


Trade debtors
205,318
297,000

Other debtors
178,194
230,151

Prepayments and accrued income
10,051
5,403

393,563
532,554


Page 7

 
CLARIDGE ARCHITECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
261
52,345

Less: bank overdrafts
(21,048)
-

(20,787)
52,345



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
21,048
-

Bank loans
17,896
30,940

Trade creditors
12,290
108,899

Corporation tax
39,233
70,509

Other taxation and social security
782,748
600,950

Hire purchase
3,582
3,582

Other creditors
6,180
5,083

Accruals and deferred income
2,497
(2,770)

885,474
817,193



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
94,096
75,542

Hire purchase
1,791
5,373

95,887
80,915


Page 8

 
CLARIDGE ARCHITECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
17,896
30,940


17,896
30,940


Amounts falling due 2-5 years

Bank loans
94,096
75,542


94,096
75,542


111,992
106,482



10.


Deferred Tax





Deferred tax

£





At 1 January 2023
5,994


Charged to profit or loss
(5,994)



At 31 December 2023
-

 
Page 9