F.P. Architects Limited
Unaudited Financial Statements
For the year ended 30 April 2024
Pages for Filing with Registrar
Company Registration No. 04717899 (England and Wales)
F.P. Architects Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
F.P. Architects Limited
Balance Sheet
As at 30 April 2024
Page 1
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
2,805
Cash at bank and in hand
9
2,814
Creditors: amounts falling due within one year
4
(10,940)
(4,489)
Net current liabilities
(10,940)
(1,675)
Capital and reserves
Called up share capital
5
101
101
Profit and loss reserves
(11,041)
(1,776)
Total equity
(10,940)
(1,675)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 20 January 2025 and are signed on its behalf by:
K Priest
Director
Company Registration No. 04717899
F.P. Architects Limited
Notes to the Financial Statements
For the year ended 30 April 2024
Page 2
1
Accounting policies
Company information
F.P. Architects Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, 9 Appold Street, London, United Kingdom, EC2A 2AP.
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 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 directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors continue to support the business and expect that the company will continue in business and meet its liabilities as they fall due. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover represents amounts receivable for services rendered during the year, and is stated net of VAT. Turnover is recognised when the right to consideration has arisen through the performance under each contract. Consideration accrues as the contract progresses. Turnover is not recognised where the right to receive payment is contingent on events outside the control of the company.
Amounts billed on account of work in progress are included in creditors as deferred income to the extent that they exceed the value of the related work in progress.
Turnover which has accrued but not been invoiced at the balance sheet date is shown as debtors.
1.4
Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with banks.
1.5
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other, or basic financial instruments measured at fair value.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
F.P. Architects Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2024
1
Accounting policies
(Continued)
Page 3
1.7
Foreign exchange
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transaction in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit and loss account.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 2 (2023 - 2).
2024
2023
Number
Number
Total
2
2
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts due from undertakings in which the company has a participating interest
2,518
Other debtors
287
-
2,805
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,655
Amounts due to undertakings in which the company has a participating interest
7,700
2,508
Corporation tax
43
Other creditors
3,240
283
10,940
4,489
Included in creditors is an amount of £7,700 (2023: £2,508) due to Fletcher Priest Architects LLP, an entity in which the company has a participating interest.
F.P. Architects Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2024
Page 4
5
Called up share capital
2024
2023
£
£
Issued and fully paid
100 Ordinary shares of £1 each
100
100
1 'Golden' share of £1 each
1
1
101
101
Ordinary shares carry full voting rights and fully participate in dividends.
Golden shares carry the right to vote in relation to voluntary liquidation and membership of Fletcher Priest Architects LLP.
6
Related party transactions
During the year the company provided marketing services to Fletcher Priest Architects LLP amounting to £nil (2023: £2,440), an entity in which the company is a member, incorporated in England and Wales. At the year end £7,700 was due to (2023: £2.508) Fletcher Priest Architects LLP,
7
Parent company
The parent undertaking is FPHL Limited, a company incorporated in England and Wales. The ultimate controlling party is K Priest.