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REGISTERED NUMBER: 06800980 (England and Wales)















Haptic Architects Ltd

Unaudited Financial Statements

for the Year Ended 30 June 2025






Haptic Architects Ltd (Registered number: 06800980)

Contents of the Financial Statements
for the year ended 30 June 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Haptic Architects Ltd

Company Information
for the year ended 30 June 2025







Directors: S J Grady
T R Stokke
T F Haedrich





Registered office: Unit 2 Royle Studios
23-41 Wenlock Road
London
N1 7SG





Registered number: 06800980 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Haptic Architects Ltd (Registered number: 06800980)

Balance Sheet
30 June 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 4 4,679 8,359
Investments 5 161,457 161,457
166,136 169,816

Current assets
Work in progress 514,969 134,686
Debtors 6 673,430 469,385
Cash at bank and in hand 797 6,798
1,189,196 610,869
Creditors
Amounts falling due within one year 7 1,140,603 807,037
Net current assets/(liabilities) 48,593 (196,168 )
Total assets less current liabilities 214,729 (26,352 )

Creditors
Amounts falling due after more than one
year

8

173,503

183,865
Net assets/(liabilities) 41,226 (210,217 )

Capital and reserves
Called up share capital 11 304 304
Retained earnings 12 40,922 (210,521 )
Shareholders' funds 41,226 (210,217 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2025 and were signed on its behalf by:



S J Grady - Director


Haptic Architects Ltd (Registered number: 06800980)

Notes to the Financial Statements
for the year ended 30 June 2025


1. Statutory information

Haptic Architects Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

The directors have provided confirmation that their loans will bot be recalled until a suitable date, when the company has sufficient retained earnings and cash available to repay.

Turnover
Turnover represents amounts receivable for architectural and design services net of VAT.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from the bank and other third parties, loans to related parties, and investment in ordinary shares.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments
Investments in group undertakings are recognised at cost.

3. Employees and directors

The average number of employees during the year was 17 (2024 - 18 ) .

Haptic Architects Ltd (Registered number: 06800980)

Notes to the Financial Statements - continued
for the year ended 30 June 2025


4. Tangible fixed assets
Fixtures
and
fittings
£
Cost
At 1 July 2024 66,791
Additions 2,583
At 30 June 2025 69,374
Depreciation
At 1 July 2024 58,432
Charge for year 6,263
At 30 June 2025 64,695
Net book value
At 30 June 2025 4,679
At 30 June 2024 8,359

5. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 July 2024
and 30 June 2025 161,457
Net book value
At 30 June 2025 161,457
At 30 June 2024 161,457

6. Debtors: amounts falling due within one year
2025 2024
£ £
Trade debtors 430,599 277,662
Amounts owed by group undertakings 106,355 84,160
Other debtors 136,476 107,563
673,430 469,385

7. Creditors: amounts falling due within one year
2025 2024
£ £
Bank overdrafts (see note 9) 93,874 54,544
Trade creditors 119,164 63,073
Taxation and social security 280,972 180,304
Other creditors 646,593 509,116
1,140,603 807,037

Haptic Architects Ltd (Registered number: 06800980)

Notes to the Financial Statements - continued
for the year ended 30 June 2025


8. Creditors: amounts falling due after more than one year
2025 2024
£ £
Other creditors 173,503 183,865

9. Loans

Loans and borrowings20252024
£   £   
Bank borrowings338,358416,268
Bank overdrafts93,87454,544
432,232416,268


Included in bank overdrafts is a facility by Barclays Bank PLC, who have a fixed and floating charge over the companies property and assets.

Included in bank borrowings is a loan from Iwoca Tetra with a interest rate of 5% per month. The balance at 30/06/2025 is £43,742, with a termination date of January 2027.

Included in bank borrowings is a loan from Credit 4 Loan with a interest rate of 2.5% per month. The balance at 30/06/2025 is £114,000, with a termination date of February 2028.

Included in bank borrowings is a loan from Love Finance with a interest rate of 2.4% per month. The balance at 30/06/2025 is £48,866, with a termination date of December 2026.

Included in bank borrowings is a loan from Whiteoak with a interest rate of 1.5% per month. The balance at 30/06/2025 is £65,537, with a termination date of March 2028.

Included in bank borrowings is a loan from LDF with a interest rate of 1.5% per month. The balance at 30/06/2025 is £46,032, with a termination date of November 2026.

Included in bank borrowings is a loan from Funding circle with a interest rate of 10% per annum. The balance at 30/06/2025 is £20,181 with a termination date of March 2026.

The full amount of all loans are secured with a personal guarantee from all the Directors.

10. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£ £
Within one year 156,259 204,000
Between one and five years 5,161 153,000
161,420 357,000

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

Haptic Architects Ltd (Registered number: 06800980)

Notes to the Financial Statements - continued
for the year ended 30 June 2025


11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
4 Ordinary £1 4 4
300 Ordinary A £1 300 300
304 304

12. Reserves
Retained
earnings
£

At 1 July 2024 (210,521 )
Profit for the year 443,443
Dividends (192,000 )
At 30 June 2025 40,922