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REGISTERED NUMBER: 02844543 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Prc Architecture And Planning Limited

Prc Architecture And Planning Limited (Registered number: 02844543)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Prc Architecture And Planning Limited

Company Information
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: H M Dhorajiwala
M Evans
C P Lane
J Roe





REGISTERED OFFICE: The Stable Yard
25-33 Vicarage Road
Stony Stratford
Milton Keynes
Buckinghamshire
MK11 1BN





REGISTERED NUMBER: 02844543 (England and Wales)





ACCOUNTANTS: Connolly Accountants & Business Advisors Ltd
Chartered Certified Accountants
The Stable Yard
25-33 Vicarage Road
Stony Stratford
Milton Keynes
Buckinghamshire
MK11 1BN

Prc Architecture And Planning Limited (Registered number: 02844543)

Balance Sheet
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 23,350 17,127
Tangible assets 5 676,532 243,821
Investments 6 75,767 75,767
775,649 336,715

CURRENT ASSETS
Debtors 7 899,011 1,130,711
Cash at bank and in hand 1,633,636 946,265
2,532,647 2,076,976
CREDITORS
Amounts falling due within one year 8 2,620,645 928,628
NET CURRENT (LIABILITIES)/ASSETS (87,998 ) 1,148,348
TOTAL ASSETS LESS CURRENT
LIABILITIES

687,651

1,485,063

CREDITORS
Amounts falling due after more than one year 9 (230,292 ) -

PROVISIONS FOR LIABILITIES (148,290 ) -
NET ASSETS 309,069 1,485,063

CAPITAL AND RESERVES
Called up share capital 25 25
Capital redemption reserve 48 48
Retained earnings 308,996 1,484,990
SHAREHOLDERS' FUNDS 309,069 1,485,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Prc Architecture And Planning Limited (Registered number: 02844543)

Balance Sheet - continued
31 AUGUST 2024


The 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, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by:





C P Lane - Director


Prc Architecture And Planning Limited (Registered number: 02844543)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Prc Architecture And Planning Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets other than goodwill
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Website development - 20% reducing balance

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Prc Architecture And Planning Limited (Registered number: 02844543)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is a contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from related companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised costs, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Prc Architecture And Planning Limited (Registered number: 02844543)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 44 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 September 2023 50,000 49,476 99,476
Additions - 10,000 10,000
At 31 August 2024 50,000 59,476 109,476
AMORTISATION
At 1 September 2023 50,000 32,349 82,349
Charge for year - 3,777 3,777
At 31 August 2024 50,000 36,126 86,126
NET BOOK VALUE
At 31 August 2024 - 23,350 23,350
At 31 August 2023 - 17,127 17,127

Prc Architecture And Planning Limited (Registered number: 02844543)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 175,151 57,057 - 399,458 631,666
Additions - 7,996 443,662 82,978 534,636
Disposals (158,208 ) (12,686 ) - (6,593 ) (177,487 )
At 31 August 2024 16,943 52,367 443,662 475,843 988,815
DEPRECIATION
At 1 September 2023 131,477 36,384 - 219,984 387,845
Charge for year 3,515 3,026 9,243 42,387 58,171
Eliminated on disposal (122,938 ) (7,432 ) - (3,363 ) (133,733 )
At 31 August 2024 12,054 31,978 9,243 259,008 312,283
NET BOOK VALUE
At 31 August 2024 4,889 20,389 434,419 216,835 676,532
At 31 August 2023 43,674 20,673 - 179,474 243,821

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2023
and 31 August 2024 75,767
NET BOOK VALUE
At 31 August 2024 75,767
At 31 August 2023 75,767

The company's investments at the Balance Sheet date in the share capital of companies include the following:

L.D.A. (Architects) Ltd
Registered office: The Stable Yard Vicarage Road, Stony Stratford, Milton Keynes, Buckinghamshire, MK11 1BN
Nature of business: Architectural activities
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 75,767 75,767

Prc Architecture And Planning Limited (Registered number: 02844543)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 713,419 917,345
Amounts owed by group undertakings 8,500 44,160
Other debtors 177,092 169,206
899,011 1,130,711

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 102,566 -
Trade creditors 173,676 58,460
Amounts owed to group undertakings 1,276,794 17,138
Taxation and social security 377,930 190,032
Other creditors 689,679 662,998
2,620,645 928,628

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 230,292 -

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 102,566 -
Between one and five years 230,292 -
332,858 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year 57,575 48,532
Between one and five years 10,474 16,177
68,049 64,709

Hire purchase liabilities outstanding at the balance sheet date are secured against the assets to which they relate.

Prc Architecture And Planning Limited (Registered number: 02844543)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024

11. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. The assets of the scheme are held separately from those of the company in an independently administered fund.

Contributions totalling £26,788 (2023:£28,723) were payable to the fund at the balance sheet date and are included in other creditors.