N R A P Ltd 02636929 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is Architectural Activities Digita Accounts Production Advanced 6.30.9574.0 true 02636929 2023-09-01 2024-08-31 02636929 2024-08-31 02636929 bus:OrdinaryShareClass1 2024-08-31 02636929 bus:OrdinaryShareClass2 2024-08-31 02636929 bus:OrdinaryShareClass3 2024-08-31 02636929 bus:OrdinaryShareClass4 2024-08-31 02636929 core:CurrentFinancialInstruments 2024-08-31 02636929 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 02636929 core:FurnitureFittings 2024-08-31 02636929 bus:SmallEntities 2023-09-01 2024-08-31 02636929 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 02636929 bus:FilletedAccounts 2023-09-01 2024-08-31 02636929 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 02636929 bus:RegisteredOffice 2023-09-01 2024-08-31 02636929 bus:CompanySecretaryDirector1 2023-09-01 2024-08-31 02636929 bus:Director1 2023-09-01 2024-08-31 02636929 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 02636929 bus:OrdinaryShareClass2 2023-09-01 2024-08-31 02636929 bus:OrdinaryShareClass3 2023-09-01 2024-08-31 02636929 bus:OrdinaryShareClass4 2023-09-01 2024-08-31 02636929 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 02636929 bus:Agent1 2023-09-01 2024-08-31 02636929 core:FurnitureFittings 2023-09-01 2024-08-31 02636929 countries:AllCountries 2023-09-01 2024-08-31 02636929 2023-08-31 02636929 core:FurnitureFittings 2023-08-31 02636929 2022-09-01 2023-08-31 02636929 2023-08-31 02636929 bus:OrdinaryShareClass1 2023-08-31 02636929 bus:OrdinaryShareClass2 2023-08-31 02636929 bus:OrdinaryShareClass3 2023-08-31 02636929 bus:OrdinaryShareClass4 2023-08-31 02636929 core:CurrentFinancialInstruments 2023-08-31 02636929 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 02636929 core:FurnitureFittings 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02636929

N R A P Ltd

trading as Owers Warwick Architects

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

N R A P Ltd

trading as Owers Warwick Architects

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

N R A P Ltd

trading as Owers Warwick Architects

Company Information

Directors

Mr Richard Michael Warwick

Mr Richard Owers

Company secretary

Mr Richard Owers

Registered office

13 - 15 Covent Garden
Cambridge
CAMBRIDGESHIRE
CB1 2HS

Accountants

Tayabali & White 5 High Green
Great Shelford
Cambridge
CB22 5EG

 

N R A P Ltd

trading as Owers Warwick Architects

(Registration number: 02636929)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

45,458

56,298

Current assets

 

Stocks

5

36,000

131,450

Debtors

6

227,801

213,052

Cash at bank and in hand

 

444,593

296,329

 

708,394

640,831

Creditors: Amounts falling due within one year

7

(261,991)

(141,779)

Net current assets

 

446,403

499,052

Total assets less current liabilities

 

491,861

555,350

Provisions for liabilities

(11,364)

(14,800)

Net assets

 

480,497

540,550

Capital and reserves

 

Called up share capital

8

362

362

Retained earnings

480,135

540,188

Shareholders' funds

 

480,497

540,550

For the financial year ending 31 August 2024 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 and 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 28 May 2025 and signed on its behalf by:
 

 

N R A P Ltd

trading as Owers Warwick Architects

(Registration number: 02636929)
Balance Sheet as at 31 August 2024

.........................................
Mr Richard Owers
Company secretary and director

 

N R A P Ltd

trading as Owers Warwick Architects

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

1

General information

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

The company's registered number is 02636929.

The address of its registered office is:
13 - 15 Covent Garden
Cambridge
CAMBRIDGESHIRE
CB1 2HS

These financial statements were authorised for issue by the Board on 28 May 2025.

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 goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

N R A P Ltd

trading as Owers Warwick Architects

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

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.

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:

Asset class

Depreciation method and rate

Fixtures and fittings

15% reducing balance

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

N R A P Ltd

trading as Owers Warwick Architects

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2023 - 16).

 

N R A P Ltd

trading as Owers Warwick Architects

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

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 September 2023

263,206

263,206

Additions

3,630

3,630

Disposals

(23,607)

(23,607)

At 31 August 2024

243,229

243,229

Depreciation

At 1 September 2023

206,908

206,908

Charge for the year

7,653

7,653

Eliminated on disposal

(16,790)

(16,790)

At 31 August 2024

197,771

197,771

Carrying amount

At 31 August 2024

45,458

45,458

At 31 August 2023

56,298

56,298

5

Stocks

2024
£

2023
£

Work in progress

36,000

131,450

6

Debtors

Current

2024
£

2023
£

Trade debtors

198,092

185,795

Prepayments

29,709

27,106

Other debtors

-

151

 

227,801

213,052

 

N R A P Ltd

trading as Owers Warwick Architects

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

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

6,872

8,597

Taxation and social security

167,264

118,443

Accruals and deferred income

84,573

4,311

Other creditors

3,282

10,428

261,991

141,779

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

120

120

120

120

Ordinary B of £1 each

240

240

240

240

Ordinary C of £1 each

1

1

1

1

Ordinary D of £1 each

1

1

1

1

362

362

362

362

9

Dividends

2024

2023

£

£

Interim dividend of £1,641.43 (2023 - £1,390.83) per ordinary share

196,972

166,900

 

 

10

Related party transactions

 

N R A P Ltd

trading as Owers Warwick Architects

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

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

89,752

19,752

Contributions paid to money purchase schemes

260,000

120,000

349,752

139,752