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Company registration number: 01994233







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


MH ARCHITECTS LIMITED






































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MH ARCHITECTS LIMITED
 


 
COMPANY INFORMATION


Directors
Mr H J Groucott 
Mr N J King-Smith 




Company secretary
Mrs S R Thompson



Registered number
01994233



Registered office
Bicentennial Building
Southern Gate

Chichester

West Sussex

PO19 8EZ




Independent auditor
Menzies LLP
Chartered Accountants & Statutory Auditor

3000a Parkway

Whiteley

Hampshire

PO15 7FX




Bankers
National Westminster Bank Plc
5 East Street

Chichester

West Sussex

PO19 1HH





 


MH ARCHITECTS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 6


 


MH ARCHITECTS LIMITED
REGISTERED NUMBER:01994233



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
4,626
2,337

  
4,626
2,337

Current assets
  

Debtors: amounts falling due within one year
 6 
972,229
936,871

Cash at bank and in hand
  
54,306
111,705

  
1,026,535
1,048,576

Creditors: amounts falling due within one year
 7 
(342,394)
(389,894)

Net current assets
  
 
 
684,141
 
 
658,682

Total assets less current liabilities
  
688,767
661,019

Creditors: amounts falling due after more than one year
 8 
-
(6,886)

  

Net assets
  
688,767
654,133


Capital and reserves
  

Called up share capital 
  
10,800
10,800

Capital redemption reserve
  
1,200
1,200

Profit and loss account
  
676,767
642,133

  
688,767
654,133


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr H J Groucott
Director

Date: 18 July 2025

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 


MH ARCHITECTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

These financial statements have been prepared in compliance with FRS102 section 1A, 'The Financial Reporting
Standard applicable in the UK and the Republic of Ireland'.  MH Architects Limited is a private company limited by shares, registered in England and Wales. The address of its registered office, which is the same as its principal place of business,  is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

The directors have prepared and reviewed budgets & forecasts for the 12 month period from the date that these financial statements were issued. They have concluded that the Company remains a going concern and there is no material uncertainty surrounding this. Accordingly, the accounts have been drawn up on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 2

 


MH ARCHITECTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.


 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold property improvements
-
straight line over lease term
Office equipment
-
straight line over 4 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 3

 


MH ARCHITECTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Revenue
The majority of contracts are either longer than a year, or span the period end. Revenue recognition for long term contracts is based on management's expertise with reference to the contract costs and estimated progress, which are reviewed on a regular basis.


4.


Employees

The average monthly number of employees, including directors, during the year was 24 (2023 - 23).


5.


Tangible fixed assets





Long-term leasehold property
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
17,347
175,841
193,188


Additions
-
3,475
3,475



At 31 December 2024

17,347
179,316
196,663



Depreciation


At 1 January 2024
17,347
173,504
190,851


Charge for the year on owned assets
-
1,186
1,186



At 31 December 2024

17,347
174,690
192,037



Net book value



At 31 December 2024
-
4,626
4,626



At 31 December 2023
-
2,337
2,337

Page 4

 


MH ARCHITECTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
349,832
405,537

Amounts owed by group undertakings
300,669
218,257

Other debtors
16,016
15,634

Prepayments and accrued income
64,069
54,860

Amounts recoverable on long term contracts
241,643
242,583

972,229
936,871



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,022
60,748

Trade creditors
47,253
46,536

Corporation tax
18,939
32,360

Other taxation and social security
163,303
140,562

Other creditors
15,438
30,502

Accruals and deferred income
92,439
79,186

342,394
389,894


Bank borrowing, and that in Crimson Architects Limited,  is secured over the assets of the Company by way of a debenture.
In relation to the bank loan the directors have provided personal guarantees of £70,000.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
6,886

-
6,886


Page 5

 


MH ARCHITECTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
79,919
60,781

Later than 1 year and not later than 5 years
99,964
23,442

179,883
84,223


10.


Related party transactions

The Company has not disclosed transactions with its parent company under Financial Reporting Standard 102 section 33 on the grounds that it is wholly owned.


11.


Ultimate parent undertaking

The Company's ultimate parent undertaking is Crimson Architects Limited and its registered office address is  3000a Parkway, Whiteley, Hampshire PO15 7FX.


12.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 18 July 2025 by Andrew Galliers FCA (Senior Statutory Auditor) on behalf of Menzies LLP.

 
Page 6