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Company No: 05433641 (England and Wales)

BBH CHARTERED ARCHITECTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

BBH CHARTERED ARCHITECTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

BBH CHARTERED ARCHITECTS LIMITED

BALANCE SHEET

As at 31 December 2024
BBH CHARTERED ARCHITECTS LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 588,215 609,965
588,215 609,965
Current assets
Stocks 6,035 7,256
Debtors 4 249,732 252,776
Cash at bank and in hand 105,546 110,162
361,313 370,194
Creditors: amounts falling due within one year 5 ( 287,297) ( 313,747)
Net current assets 74,016 56,447
Total assets less current liabilities 662,231 666,412
Creditors: amounts falling due after more than one year 6 ( 288,875) ( 308,967)
Provision for liabilities ( 21,993) ( 24,729)
Net assets 351,363 332,716
Capital and reserves
Called-up share capital 7 1,000 1,000
Share premium account 1,264 1,264
Profit and loss account 349,099 330,452
Total shareholders' funds 351,363 332,716

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of BBH Chartered Architects Limited (registered number: 05433641) were approved and authorised for issue by the Board of Directors on 27 June 2025. They were signed on its behalf by:

Mr A R Benns
Director
Mr P B Myers
Director
BBH CHARTERED ARCHITECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
BBH CHARTERED ARCHITECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

BBH Chartered Architects Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 9 Duke Street, Dartmouth, Devon, TQ6 9PY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Employee benefits

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

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings 50 years straight line
Leasehold improvements 6 years straight line
Plant and machinery 20 % reducing balance
Vehicles 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 22 20

3. Tangible assets

Land and buildings Leasehold improve-
ments
Plant and machinery Vehicles Total
£ £ £ £ £
Cost
At 01 January 2024 533,717 12,807 174,928 47,308 768,760
Additions 0 0 5,534 15,579 21,113
Disposals 0 0 ( 57,554) 0 ( 57,554)
At 31 December 2024 533,717 12,807 122,908 62,887 732,319
Accumulated depreciation
At 01 January 2024 19,278 12,310 125,236 1,971 158,795
Charge for the financial year 10,675 249 8,442 13,606 32,972
Disposals 0 0 ( 47,663) 0 ( 47,663)
At 31 December 2024 29,953 12,559 86,015 15,577 144,104
Net book value
At 31 December 2024 503,764 248 36,893 47,310 588,215
At 31 December 2023 514,439 497 49,692 45,337 609,965

4. Debtors

2024 2023
£ £
Trade debtors 189,673 208,759
Amounts owed by associates 25,187 0
Prepayments 34,872 44,017
249,732 252,776

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans (secured) 14,785 13,811
Trade creditors 5,566 4,742
Amounts owed to directors 37,294 56,102
Accruals 4,100 5,294
Corporation tax 90,726 105,444
Other taxation and social security 128,575 118,716
Obligations under finance leases and hire purchase contracts (secured) 3,567 3,567
Other creditors 2,684 6,071
287,297 313,747

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 265,418 281,943
Obligations under finance leases and hire purchase contracts (secured) 23,457 27,024
288,875 308,967

The bank loans are secured upon the assets owned by the Company.

Hire purchase contracts are secured over the assets they are taken out for.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000 1,000