Registered No. OC433385 (England and Wales)
My-Architect Studio LLP
Unaudited accounts
for the year ended 30 September 2024
My-Architect Studio LLP
LLP Information
for the year ended 30 September 2024
Designated members
Mr Harry Edward Molyneux
Registered Number
OC433385 (England and Wales)
Registered Office
58 Noel Road
London
N1 8HB
England
Accountants
The Accountancy Cloud
1 Fore Street Avenue
London
EC2Y 9DT
My-Architect Studio LLP
Statement of financial position
as at 30 September 2024
Tangible assets
21,863
28,560
Cash at bank and in hand
44,835
23,123
Creditors: amounts falling due within one year
(50,744)
(26,249)
Net current (liabilities)/assets
(1,215)
3,625
Total assets less current liabilities
20,747
32,284
Creditors: amounts falling due after more than one year
-
(20,324)
Net assets attributable to members
20,747
11,960
Loans and other debts due to members
20,113
11,660
Members' capital classified as equity
300
300
My-Architect Studio LLP
Statement of financial position
as at 30 September 2024 (continued)
Loans and other debts due to members
20,113
11,660
Members' other interests
634
300
For the year ending 30 September 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 23 June 2025.
Mr Harry Edward Molyneux
Designated member
Limited Liability Partnership Registration No. OC433385
My-Architect Studio LLP
Notes to the Accounts
for the year ended 30 September 2024
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
4 years on a straight line basis
Motor vehicles
5 years on a straight line basis
Computer equipment
3 years on a straight line basis
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense.
Members' shares in the profit or loss for the year are accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.
The directors have a reasonable expectation that the Partnership has adequate resources to continue in operational existence for the foreseeable future. The Partnership therefore continues to adopt the going concern basis in preparing its financial statements.
My-Architect Studio LLP is a limited liability partnership, incorporated in England and Wales, registration number OC433385. Its registered office is 58 Noel Road, London, N1 8HB, England.
My-Architect Studio LLP
Notes to the Accounts
for the year ended 30 September 2024
3
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
3,574
31,121
4,764
39,459
At 30 September 2024
3,574
31,121
6,380
41,075
At 1 October 2023
947
7,262
2,690
10,899
Charge for the year
893
6,224
1,196
8,313
At 30 September 2024
1,840
13,486
3,886
19,212
At 30 September 2024
1,734
17,635
2,494
21,863
At 30 September 2023
2,627
23,859
2,074
28,560
4
Investments
Subsidiary undertakings
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
28,563
9,884
Amounts owed to group undertakings and other participating interests
-
87
Taxes and social security costs
22,765
15,121
Other creditors
(584)
1,157
6
Creditors: amounts falling due after more than one year
2024
2023
7
Loans and other debts due to members
2024
2023
Loans from members
39,900
34,700
Amounts due to members in respect of profits
(19,787)
(23,040)
Amounts falling due within one year
20,113
11,660
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
The Partnership currently owes Mark Molyneux (director) £39,900. This is repayable on demand, and is interest-free.
My-Architect Studio LLP
Notes to the Accounts
for the year ended 30 September 2024
At the year end, Pension Commitments of (£65.82) were outstanding (2023: £797).
9
Average number of employees
During the year the average number of employees was 5 (2023: 4).