Howat O'Farrell Architecture LLP OC413259 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is the provision of architectural services. Digita Accounts Production Advanced 6.30.9574.0 OC413259 2023-09-01 2024-08-31 OC413259 2024-08-31 OC413259 core:CurrentFinancialInstruments 2024-08-31 OC413259 bus:SmallEntities 2023-09-01 2024-08-31 OC413259 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 OC413259 bus:FilletedAccounts 2023-09-01 2024-08-31 OC413259 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 OC413259 bus:RegisteredOffice 2023-09-01 2024-08-31 OC413259 bus:PartnerLLP1 2023-09-01 2024-08-31 OC413259 bus:PartnerLLP2 2023-09-01 2024-08-31 OC413259 bus:LimitedLiabilityPartnershipLLP 2023-09-01 2024-08-31 OC413259 bus:Agent1 2023-09-01 2024-08-31 OC413259 countries:AllCountries 2023-09-01 2024-08-31 OC413259 2022-09-01 2023-08-31 OC413259 2023-08-31 OC413259 core:CurrentFinancialInstruments 2023-08-31 iso4217:GBP xbrli:pure

Registration number: OC413259

Howat O'Farrell Architecture LLP

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Howat O'Farrell Architecture LLP

Contents

Limited liability partnership information

1

Members' Report

2

Statement of Members' Responsibilities

3

Accountants' Report

4

Financial Statements

5 to 9

Statement of Financial Position

5

Statement of Changes in Members’ Interests

7

Notes to the Financial Statements

8

 

Howat O'Farrell Architecture LLP

Limited liability partnership information

Designated members

O'Farrell Architecture Limited

Grace Howat Architects Ltd
 

LLP number

OC413259

Registered office

Knoll House
Knoll Road
Camberley
Surrey
GU15 3SY

Accountants

Stewart & Co Accountants LLP
Chartered Accountants
Knoll House
Knoll Road
Camberley
Surrey
GU15 3SY

 

Howat O'Farrell Architecture LLP

Members' Report for the Year Ended 31 August 2024

The members present their report and the unaudited financial statements for the year ended 31 August 2024.

Designated members

The members who held office during the year were as follows:

O'Farrell Architecture Limited

Grace Howat Architects Ltd

Members' drawings and the subscription and repayment of members' capital

The members are entitled to draw monthly, on account of profit, such sums as may from time to time be mutually agreed.

The capital requisite for carrying on the business of the LLP shall be agreed and contributed by the members from time to time. The total amount of and the relating contributions of the members to the fixed capital of the LLP shall be in the shares in which they are entitled to the net profits of the LLP. Partners moving up in relative profit sharing will contribute the relevant proportion of additional capital before being entitled to more shares.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, as applied to limited liability partnerships.

Approved by the Board on 1 April 2025 and signed on its behalf by:

.........................................
Grace Howat Architects Ltd
Designated member

 

Howat O'Farrell Architecture LLP

Statement of Members' Responsibilities for the Year Ended 31 August 2024

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The Limited Liability Partnerships (Accounts & Audit) (Application of Companies Act 2006) Regulations 2008 require the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under Company law as applied to LLPs the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the limited liability partnership and of the profit or loss of the limited liability partnership for that year. In preparing these financial statements, the members are required to:

select suitable accounting policies and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Partnership will continue in business.

The members are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the limited liability partnership and enable them to ensure that the financial statements comply with the Companies Act 2006, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, and in accordance with the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships (issued January 2017). They are also responsible for safeguarding the assets of the limited liability partnership and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

These responsibilities are exercised by the Board on behalf of the members.

 

Chartered Accountants' Report to the Members on the Preparation of the Unaudited Statutory Accounts of
Howat O'Farrell Architecture LLP
for the Year Ended 31 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, as applied to limited liability partnerships, we have prepared for your approval the accounts of Howat O'Farrell Architecture LLP for the year ended 31 August 2024 set out on pages 5 to 9 from the limited liability partnership's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the members of Howat O'Farrell Architecture LLP, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Howat O'Farrell Architecture LLP and state those matters that we have agreed to state to the members of Howat O'Farrell Architecture LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Howat O'Farrell Architecture LLP and its members as a body for our work or for this report.

It is your duty to ensure that Howat O'Farrell Architecture LLP has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Howat O'Farrell Architecture LLP. You consider that Howat O'Farrell Architecture LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Howat O'Farrell Architecture LLP. 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 accounts.

image-name


Stewart & Co Accountants LLP
Chartered Accountants
Knoll House
Knoll Road
Camberley
Surrey
GU15 3SY

1 April 2025

 

Howat O'Farrell Architecture LLP

(Registration number: OC413259)
Statement of Financial Position as at 31 August 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

10,799

40,665

Cash and short-term deposits

 

44,027

75,437

 

54,826

116,102

Creditors: Amounts falling due within one year

6

(1,900)

(31,090)

Net assets attributable to members

 

52,926

85,012

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

52,926

85,012

   

52,926

85,012

Total members' interests

 

Loans and other debts due to members

 

52,926

85,012

   

52,926

85,012

For the year ending 31 August 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions of the Companies Act 2006, as applied by the Limited Liability Partnerships (Accounts and Audit)(Application of Companies Act 2006) Regulations 2008, applicable to LLPs subject to the small LLPs regime and the option not to file the Profit and Loss Account has been taken.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The financial statements of Howat O'Farrell Architecture LLP (registered number OC413259) were approved by the Board and authorised for issue on 1 April 2025. They were signed on behalf of the limited liability partnership by:

 

Howat O'Farrell Architecture LLP

(Registration number: OC413259)
Statement of Financial Position as at 31 August 2024

.........................................
Grace Howat Architects Ltd
Designated member

 

Howat O'Farrell Architecture LLP

Statement of Changes in Members’ Interests
At 31 August 2024

 

Loans and other debts due to/(from) members

   

Members' capital classified as a liability
£

Total debt
£

Total
2024
£

Members' interest at 1 September 2023

85,012

85,012

85,012

Members' remuneration charged as an expense

47,394

47,394

47,394

Members' interests after total comprehensive income

132,406

132,406

132,406

Drawings (including tax payments)

(79,480)

(79,480)

(79,480)

At 31 August 2024

52,926

52,926

52,926


 

 

Loans and other debts due to/(from) members

   

Members' capital classified as a liability
£

Total debt
£

Total
2023
£

Members' interest at 1 September 2022

58,780

58,780

58,780

Members' remuneration charged as an expense

166,343

166,343

166,343

Members' interests after total comprehensive income

225,123

225,123

225,123

Drawings (including tax payments)

(140,111)

(140,111)

(140,111)

At 31 August 2023

85,012

85,012

85,012

 

Howat O'Farrell Architecture LLP

Notes to the Financial Statements for the Year Ended 31 August 2024

1

General information

Howat O'Farrell Architecture LLP (LLP number: OC413259) is a limited liability partnership incorporated in England and Wales. Its registered office is Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY.

The financial statements have been prepared under the historical cost convention in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006 and in accordance with the Statement of Recommended Practice ‘Accounting for Limited Liability Partnerships’ issued in December 2018.

The presentation currency of the financial statements is the Pounds Sterling (£).

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts and VAT.

Members' remuneration and division of profits

Members' participation rights are the rights of a member against the LLP that arise under the members'
agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

 

Howat O'Farrell Architecture LLP

Notes to the Financial Statements for the Year Ended 31 August 2024

Taxation

The taxation payable on the partnership's profits is the personal liability of the members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements.

other taxes policy

Financial instruments

The LLP only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 2 (2023 - 2).

4

Debtors

2024
 £

2023
 £

Trade debtors

-

28,049

Prepayments and accrued income

10,799

12,616

10,799

40,665

5

Loans and other debts due to members

2024
 £

2023
 £

Loans and other debts due to members

52,926

85,012

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding-up. There is no legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of "Members' other interests".

6

Creditors: Amounts falling due within one year

2024
 £

2023
 £

Trade creditors

-

20,257

Accruals and deferred income

1,693

1,615

Taxation and social security

207

9,218

1,900

31,090