Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29112023-03-01falseArchitectural activitiestruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05744451 2023-03-01 2024-02-29 05744451 2022-03-01 2023-02-28 05744451 2024-02-29 05744451 2023-02-28 05744451 c:Director1 2023-03-01 2024-02-29 05744451 d:MotorVehicles 2023-03-01 2024-02-29 05744451 d:MotorVehicles 2024-02-29 05744451 d:MotorVehicles 2023-02-28 05744451 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 05744451 d:FurnitureFittings 2023-03-01 2024-02-29 05744451 d:FurnitureFittings 2024-02-29 05744451 d:FurnitureFittings 2023-02-28 05744451 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 05744451 d:ComputerEquipment 2023-03-01 2024-02-29 05744451 d:ComputerEquipment 2024-02-29 05744451 d:ComputerEquipment 2023-02-28 05744451 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 05744451 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 05744451 d:CurrentFinancialInstruments 2024-02-29 05744451 d:CurrentFinancialInstruments 2023-02-28 05744451 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 05744451 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 05744451 d:ShareCapital 2024-02-29 05744451 d:ShareCapital 2023-02-28 05744451 d:RetainedEarningsAccumulatedLosses 2024-02-29 05744451 d:RetainedEarningsAccumulatedLosses 2023-02-28 05744451 c:FRS102 2023-03-01 2024-02-29 05744451 c:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 05744451 c:FullAccounts 2023-03-01 2024-02-29 05744451 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 05744451 2 2023-03-01 2024-02-29 05744451 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 05744451









ARCHI-TEKT PARTNERSHIP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
ARCHI-TEKT PARTNERSHIP LIMITED
 
 
  
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ARCHI-TEKT PARTNERSHIP LIMITED
FOR THE YEAR ENDED 29 FEBRUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Archi-Tekt Partnership Limited for the year ended 29 February 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the director of Archi-Tekt Partnership Limited in accordance with the terms of our engagement letter dated 12 November 2024Our work has been undertaken solely to prepare for your approval the financial statements of Archi-Tekt Partnership Limited and state those matters that we have agreed to state to the director of Archi-Tekt Partnership Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Archi-Tekt Partnership Limited and its director for our work or for this report. 

It is your duty to ensure that Archi-Tekt Partnership Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Archi-Tekt Partnership Limited. You consider that Archi-Tekt Partnership Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Archi-Tekt Partnership Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  
Fraser Russell Limited
77 Francis Road
Edgbaston
Birmingham
B16 8SP

10 February 2025
Page 1

 
ARCHI-TEKT PARTNERSHIP LIMITED
REGISTERED NUMBER: 05744451

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
8,981
19,943

  
8,981
19,943

Current assets
  

Debtors: amounts falling due within one year
 6 
276,835
283,874

Cash at bank and in hand
 7 
327,070
576,580

  
603,905
860,454

Creditors: amounts falling due within one year
 8 
(423,585)
(658,009)

Net current assets
  
 
 
180,320
 
 
202,445

Total assets less current liabilities
  
189,301
222,388

  

Net assets
  
189,301
222,388


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
189,201
222,288

  
189,301
222,388

Page 2

 
ARCHI-TEKT PARTNERSHIP LIMITED
REGISTERED NUMBER: 05744451
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

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 comprehensive income 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 10 February 2025.


Bhupinder Singh Mann
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
ARCHI-TEKT PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Archi-Tekt Partnership Limited is a company limited by shares incorporated in England within the United Kingdom, having a registration of 05744451. The address of the registered office is 77 Francis Road, Edgbaston, Birmingham, B16 8SP. The principal activity of the company in the year under review was that of providing an architectural service.
The financial statements are presented in sterling which is functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue to receive support from creditors.

Page 4

 
ARCHI-TEKT PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

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.

Page 5

 
ARCHI-TEKT PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.7

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Company can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Page 6

 
ARCHI-TEKT PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Straight line
Fixtures and fittings
-
25%
Straight line
Computer equipment
-
25%
Straight line

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 7

 
ARCHI-TEKT PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Dividends

29 February
28 February
2024
2023
£
£


Dividends
50,000
36,000

50,000
36,000


5.


Tangible fixed assets







Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 March 2023
35,931
13,287
8,906
58,124



At 29 February 2024

35,931
13,287
8,906
58,124



Depreciation


At 1 March 2023
17,967
11,308
8,906
38,181


Charge for the year on owned assets
8,983
1,979
-
10,962



At 29 February 2024

26,950
13,287
8,906
49,143



Net book value



At 29 February 2024
8,981
-
-
8,981



At 28 February 2023
17,964
1,979
-
19,943


6.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
16,835
13,874

Other debtors
260,000
270,000

276,835
283,874


Page 8

 
ARCHI-TEKT PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank
327,070
576,576

327,070
576,576



8.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
38,797
11,600

Corporation tax
63,409
55,295

Other taxation and social security
23,914
55,943

Other creditors
182,465
400,170

Accruals and deferred income
115,000
135,000

423,585
658,008



9.


Related party transactions

Bhupinder Singh Mann is a director and shareholder of the company. 
During the period the company received loans of £16,511 from the director. As at the balance sheet date, the company owed the director £74,964 (2023: £58,453) which is shown in creditors due within one year. 
The above balances are payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.
Bhupinder Singh Mann is also director and shareolder of Arki Tekt Partnership Investment Limited. 
During the year the company received laons of £10,000 from Arki Tekt Partnership Investment Limited.                    As at the balance sheet date, the company was owes £260,000 (2023: £270,000) from Arki tekt Partnership Investment Limited, which is shown in Debtors due within one year.                                                                                       
The above balances are payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.

 
Page 9