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Louisa Ghevaert Associates Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 March 2025

Registration number: 11787088

 

Louisa Ghevaert Associates Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Louisa Ghevaert Associates Limited

Balance Sheet

31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

2,824

2,986

Current assets

 

Debtors

5

57,168

12,804

Cash at bank and in hand

 

311,228

312,129

 

368,396

324,933

Creditors: Amounts falling due within one year

6

(61,874)

(60,176)

Net current assets

 

306,522

264,757

Total assets less current liabilities

 

309,346

267,743

Provisions for liabilities

(536)

(567)

Net assets

 

308,810

267,176

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

308,710

267,076

Shareholders' funds

 

308,810

267,176

 

Louisa Ghevaert Associates Limited

Balance Sheet

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.

Director's 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 director acknowledges 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 10 July 2025
 

.........................................
Louisa Ghevaert
Director

Company Registration Number: 11787088

 

Louisa Ghevaert Associates Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Towngate House
2-8 Parkstone Road
Poole
Dorset
BH15 2PW

These financial statements were authorised for issue by the director on 10 July 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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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 represents amounts chargeable to clients for professional services provided during the year,
net of value added tax. Turnover is recognised when a right to consideration has been obtained
through performance under each contract. Consideration accrues as contract activity progresses by
reference to the value of work performed. Turnover is not recognised where the right to receive
payment is contingent upon events outside the control of the company. Unbilled turnover is included
as "amounts recoverable on contracts" included in other debtors.

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.

The current corporation 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.

 

Louisa Ghevaert Associates Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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

Furniture, fittings and equipment

20% Reducing balance basis

Computer equipment

3 years straight line basis

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

Louisa Ghevaert Associates Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

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 the director) during the year, was 1 (2024 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2024

8,899

8,899

Additions

1,128

1,128

At 31 March 2025

10,027

10,027

Depreciation

At 1 April 2024

5,913

5,913

Charge for the year

1,290

1,290

At 31 March 2025

7,203

7,203

Carrying amount

At 31 March 2025

2,824

2,824

At 31 March 2024

2,986

2,986

 

Louisa Ghevaert Associates Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

5

Debtors

2025
£

2024
£

Trade debtors

 

48,932

2,371

Amounts owed by group undertakings and undertakings in which the company has a participating interest

1,355

477

Prepayments

 

6,881

9,956

 

57,168

12,804

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

25,650

-

Taxation and social security

29,939

33,030

Accruals and deferred income

6,250

3,100

Other creditors

35

24,046

61,874

60,176