Company registration number 04754758 (England and Wales)
HENNING STUMMEL ARCHITECTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
HENNING STUMMEL ARCHITECTS LTD
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
HENNING STUMMEL ARCHITECTS LTD
STATEMENT OF FINANCIAL POSITION
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
282
598
Current assets
Debtors
77,129
52,166
Cash at bank and in hand
565
835
77,694
53,001
Creditors: amounts falling due within one year
(57,160)
(54,823)
Net current assets/(liabilities)
20,534
(1,822)
Total assets less current liabilities
20,816
(1,224)
Provisions for liabilities
(54)
(113)
Net assets/(liabilities)
20,762
(1,337)
Capital and reserves
Called up share capital
4
1
1
Profit and loss reserves
20,761
(1,338)
Total equity
20,762
(1,337)
HENNING STUMMEL ARCHITECTS LTD
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 2 -
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
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.
These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 28 January 2025
Mr H F Stummel
Director
Company registration number 04754758 (England and Wales)
HENNING STUMMEL ARCHITECTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
1
Accounting policies
Company information
Henning Stummel Architects Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Tin House, 2 Smugglers Yard, London, United Kingdom, W12 8HU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue is recognised at the point of sale.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% on cost
Fixtures and fittings
25% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
HENNING STUMMEL ARCHITECTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
2
3
Tangible fixed assets
Total
£
Cost
At 1 May 2023 and 30 April 2024
27,892
Depreciation and impairment
At 1 May 2023
27,294
Depreciation charged in the year
316
At 30 April 2024
27,610
Carrying amount
At 30 April 2024
282
At 30 April 2023
598
4
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1
1
1
1
HENNING STUMMEL ARCHITECTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 5 -
5
Related party transactions
Mr H Stummel
Director and shareholder of the company
In a previous year the director advanced £47,852 as working capital to the company. During the year the director advanced a further £1,029. The advance is unsecured and no terms of repayment or interest have been agreed. However the director has agreed not to withdraw this funding to the detriment of other unsecured creditors and to continue to provide sufficient working capital for the company to continue as a going concern.
At the year end the amount owed to the director was £48,881 (2023: £47,852).
Baynes Street Ltd
Company which Mr Stummel is a director
The company loaned Baynes Street Ltd £11,230 in a previous period for working capital. During the year no further money was loaned, nor was any repaid. The loan is unsecured and no repayment terms or interest have been agreed, although the loan is repayable on demand.
Alice Dawson Ltd
Company which Mr Stummel is a shareholder
During the year the company charged Alice Dawson Ltd, a company owned and run by the wife of the sole director and shareholder, £60,500 (2023: £40,000) for management services on an arms length basis.