Company registration number 03115715 (England and Wales)
MCLEAN ARCHITECTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
MCLEAN ARCHITECTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 8
MCLEAN ARCHITECTS LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
12,534
13,189
Current assets
Debtors
5
376,703
377,006
Cash at bank and in hand
156
156
376,859
377,162
Creditors: amounts falling due within one year
6
(367,123)
(357,861)
Net current assets
9,736
19,301
Net assets
22,270
32,490
Capital and reserves
Called up share capital
7
63,412
63,412
Capital redemption reserve
6,688
6,688
Profit and loss reserves
(47,830)
(37,610)
Total equity
22,270
32,490

For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 March 2025 and are signed on its behalf by:
N Simpson
Director
Company registration number 03115715 (England and Wales)
MCLEAN ARCHITECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 2 -
1
Accounting policies
Company information

McLean Architects Limited is a private company limited by shares incorporated in England and Wales. The registered office is 32 Gallowgate, Newcastle upon Tyne, Tyne and Wear, NE1 4BF.

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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 

The company meets its day to day working capital requirements through an overdraft facility which is repayable on demand. The company is also reliant on advances from the parent LLP, Wellwood Leslie LLP - the partners of this LLP have agreed not to seek repayment of these advances until the company is in a position to do so.

 

The nature of the company's business is such that there can be considerable unpredictable variation in the timing of cash inflows. The directors have prepared projected cash flow information for the period ending 12 months from the date of their approval of these financial statements. On the basis of this cash flow information and discussions with the company's bankers, the directors consider that the company will continue to operate within the facility currently agreed and within that which they expect will be agreed in May 2024, when the company's bankers are due to consider renewing the facility for a further year.

 

However, the margin of facilities over requirements is not larger and, inherently there can be no certainty in relation to these matters. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the overdraft facility by the company's bankers.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

MCLEAN ARCHITECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 3 -

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.4
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
Over the terms of the lease
Leasehold improvements
Enter depreciation rate via StatDB - cd99988
Plant and machinery
20% Reducing Balance Method, 33% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

MCLEAN ARCHITECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.7
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.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions 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 cost 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 any 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, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 cost, 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.

1.8
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.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

MCLEAN ARCHITECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
12
12
MCLEAN ARCHITECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 6 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2023
85,990
Additions
5,518
At 30 November 2024
91,508
Depreciation and impairment
At 1 December 2023
72,801
Depreciation charged in the year
6,173
At 30 November 2024
78,974
Carrying amount
At 30 November 2024
12,534
At 30 November 2023
13,189
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
359,417
362,399
Corporation tax recoverable
9,372
9,987
Other debtors
7,914
4,620
376,703
377,006
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
42,548
48,321
Trade creditors
45,073
20,432
Amounts owed to group undertakings
198,693
195,017
Taxation and social security
54,599
64,031
Other creditors
26,210
30,060
367,123
357,861

The overdraft facility is secured by guarantee from Wellwood Leslie LLP, all four of the directors are partners of Wellwood Leslie LLP.

MCLEAN ARCHITECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 7 -
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A Shares of £1 each
63,334
63,334
63,334
63,334
Ordinary B Shares of £1 each
78
78
78
78
63,412
63,412
63,412
63,412

 

8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
10,692
10,692
9
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Sales
Sales
Purchases
Purchases
2024
2023
2024
2023
£
£
£
£
Entities with control, joint control or significant influence over the company
47,610
43,711
67,584
38,981
Fellow subsidiaries
-
55,000
-
3,096

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due to related parties
£
£
Entities with control, joint control or significant influence over the company
145,370
163,930
Fellow subsidiaries
53,357
35,518
MCLEAN ARCHITECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
9
Related party transactions
(Continued)
- 8 -

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due from related parties
£
£
Entities with control, joint control or significant influence over the company
1,570
6,970
10
Parent company

The company is under the control of Wellwood Leslie LLP, a Limited Liability Partnership, a partnership incorporated in Scotland (SO301999).

2024-11-302023-12-01falsefalsefalse10 March 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityN SimpsonS McPhailK MillerG Stuart031157152023-12-012024-11-30031157152024-11-30031157152023-11-3003115715core:OtherPropertyPlantEquipment2024-11-3003115715core:OtherPropertyPlantEquipment2023-11-3003115715core:CurrentFinancialInstrumentscore:WithinOneYear2024-11-3003115715core:CurrentFinancialInstrumentscore:WithinOneYear2023-11-3003115715core:CurrentFinancialInstruments2024-11-3003115715core:CurrentFinancialInstruments2023-11-3003115715core:ShareCapital2024-11-3003115715core:ShareCapital2023-11-3003115715core:CapitalRedemptionReserve2024-11-3003115715core:CapitalRedemptionReserve2023-11-3003115715core:RetainedEarningsAccumulatedLosses2024-11-3003115715core:RetainedEarningsAccumulatedLosses2023-11-3003115715core:ShareCapitalOrdinaryShares2024-11-3003115715core:ShareCapitalOrdinaryShares2023-11-3003115715bus:Director12023-12-012024-11-3003115715core:LandBuildingscore:OwnedOrFreeholdAssets2023-12-012024-11-3003115715core:LeaseholdImprovements2023-12-012024-11-3003115715core:PlantMachinery2023-12-012024-11-30031157152022-12-012023-11-3003115715core:OtherPropertyPlantEquipment2023-11-3003115715core:OtherPropertyPlantEquipment2023-12-012024-11-3003115715core:WithinOneYear2024-11-3003115715core:WithinOneYear2023-11-3003115715bus:OrdinaryShareClass12023-12-012024-11-3003115715bus:OrdinaryShareClass22023-12-012024-11-3003115715bus:OrdinaryShareClass12024-11-3003115715bus:OrdinaryShareClass12023-11-3003115715bus:OrdinaryShareClass22024-11-3003115715bus:OrdinaryShareClass22023-11-3003115715core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntitycore:SaleOrPurchaseGoods2023-12-012024-11-3003115715core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntitycore:SaleOrPurchaseGoods2022-12-012023-11-3003115715core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity2024-11-3003115715core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity2023-11-3003115715bus:PrivateLimitedCompanyLtd2023-12-012024-11-3003115715bus:FRS1022023-12-012024-11-3003115715bus:AuditExemptWithAccountantsReport2023-12-012024-11-3003115715bus:Director22023-12-012024-11-3003115715bus:Director32023-12-012024-11-3003115715bus:Director42023-12-012024-11-3003115715bus:SmallCompaniesRegimeForAccounts2023-12-012024-11-3003115715bus:FullAccounts2023-12-012024-11-30xbrli:purexbrli:sharesiso4217:GBP