The Property Design Studio Ltd 07993297 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is that of architectural design. Digita Accounts Production Advanced 6.30.9574.0 true 07993297 2024-04-01 2025-03-31 07993297 2025-03-31 07993297 core:CurrentFinancialInstruments 2025-03-31 07993297 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 07993297 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 07993297 core:OfficeEquipment 2025-03-31 07993297 bus:SmallEntities 2024-04-01 2025-03-31 07993297 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07993297 bus:FilletedAccounts 2024-04-01 2025-03-31 07993297 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07993297 bus:RegisteredOffice 2024-04-01 2025-03-31 07993297 bus:Director1 2024-04-01 2025-03-31 07993297 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07993297 core:Buildings 2024-04-01 2025-03-31 07993297 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07993297 core:OfficeEquipment 2024-04-01 2025-03-31 07993297 countries:EnglandWales 2024-04-01 2025-03-31 07993297 2024-03-31 07993297 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 07993297 core:OfficeEquipment 2024-03-31 07993297 2023-04-01 2024-03-31 07993297 2024-03-31 07993297 core:CurrentFinancialInstruments 2024-03-31 07993297 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07993297 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 07993297 core:OfficeEquipment 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 07993297

The Property Design Studio Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

The Property Design Studio Ltd

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 6

 

The Property Design Studio Ltd

(Registration number: 07993297)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

6

3,676

4,322

Current assets

 

Debtors

7

14,245

16,979

Cash at bank and in hand

 

35,436

23,469

 

49,681

40,448

Creditors: Amounts falling due within one year

8

(19,161)

(16,742)

Net current assets

 

30,520

23,706

Total assets less current liabilities

 

34,196

28,028

Provisions for liabilities

(384)

(350)

Net assets

 

33,812

27,678

Capital and reserves

 

Called up share capital

100

100

Retained earnings

33,712

27,578

Shareholders' funds

 

33,812

27,678

 

The Property Design Studio Ltd

(Registration number: 07993297)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 May 2025 and signed on its behalf by:
 

.........................................
Mr N W Pitcher
Director

 

The Property Design Studio Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of architectural design services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

The Property Design Studio Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Asset class

Depreciation method and rate

Office equipment

15% straight line basis

Freehold property

10% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for architectural design services.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Taxation

2025

2024

£

£

Corporation tax

14,691

10,813

Deferred tax

34

(235)

14,725

10,578

4

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

The Property Design Studio Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

5

Profit before tax

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

1,859

2,066

6

Tangible assets

Land and buildings
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2024

8,276

11,724

20,000

Additions

-

1,474

1,474

Disposals

-

(623)

(623)

At 31 March 2025

8,276

12,575

20,851

Depreciation

At 1 April 2024

5,796

9,882

15,678

Charge for the year

828

1,031

1,859

Eliminated on disposal

-

(362)

(362)

At 31 March 2025

6,624

10,551

17,175

Carrying amount

At 31 March 2025

1,652

2,024

3,676

At 31 March 2024

2,480

1,842

4,322

7

Debtors

Current

2025
£

2024
£

Trade debtors

-

6,324

Other debtors

14,245

10,655

 

14,245

16,979

 

The Property Design Studio Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

8

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

240

241

Taxation and social security

18,206

15,371

Other creditors

715

1,130

19,161

16,742

9

Related party transactions

During the year, A Pitcher had a loan with the company. At the balance sheet date, the amount owing to A
Pitcher is £715 (2024: £1,130).