REGISTERED NUMBER: 10337380 (England and Wales)

AKT PARTY WALL SURVEYORS LIMITED

FORMERLY EK MCQUADE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J E K Davies

Miss A Reid

REGISTERED OFFICE:

2nd Floor, One Hobbs House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

REGISTERED NUMBER:

10337380 (England and Wales)

ACCOUNTANTS:

Albury Associates Limited

2nd Floor, One Hobbs House,

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Tangible assets

4

2,595

5,588

CURRENT ASSETS

Debtors

5

165,618

191,419

Cash at bank and in hand

14,362

30,855

179,980

222,274

CREDITORS

Amounts falling due within one year

6

133,883

151,298

NET CURRENT ASSETS

46,097

70,976

TOTAL ASSETS LESS CURRENT LIABILITIES

48,692

76,564

CREDITORS

Amounts falling due after more than one year

7

7,732

18,047

NET ASSETS

40,960

58,517

CAPITAL AND RESERVES

Called up share capital

8

5,005

5,005

Retained earnings

9

35,955

53,512

SHAREHOLDERS' FUNDS

40,960

58,517

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 26 September 2025 and were signed on its behalf by:

J E K Davies - Director

1.	STATUTORY INFORMATION

Akt Party Wall Surveyors Limited Formerly EK McQuade Limited 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenues are recognised when chartered surveying and property consultancy services are invoiced to customers.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment - 25% on reducing balance

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

8,691

Disposals

(2,836

)

At 31 December 2024

5,855

DEPRECIATION

At 1 January 2024

3,103

Charge for year

866

Eliminated on disposal

(709

)

At 31 December 2024

3,260

NET BOOK VALUE

At 31 December 2024

2,595

At 31 December 2023

5,588

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

38,998

72,408

Amounts owed by associates

121,912

102,370

Other debtors

4,708

16,641

165,618

191,419

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

14,615

10,060

Trade creditors

19,845

13,162

Amounts owed to associates

14,293

19,406

Taxation and social security

33,240

97,263

Other creditors

51,890

11,407

133,883

151,298

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

7,732

18,047

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2,500

Ordinary A

£1

2,500

2,500

2,500

Ordinary B

£1

2,500

2,500

500

Ordinary C

£0.01

5

5

5,005

5,005

The Ordinary A and Ordinary B shareholders have a right to attend and vote at a meeting of the shareholders, a right to receive dividends and capital distribution on the winding up the company. The Ordinary C shareholders have the right to receive a dividend only.

9.

RESERVES

Retained

earnings

£

At 1 January 2024

53,512

Profit for the year

34,443

Dividends

(52,000

)

At 31 December 2024

35,955

10.	RELATED PARTY DISCLOSURES

At the year-end date, included within debtors, is an amount of £116,549 (2023: £111,411) owed from related entities in which the director Mr J E K Davies has beneficial interest.

This amount is unsecured, interest-free and payable on demand.

At the year-end date, included within creditors, amount falling due within one year, is an amount of £14,293 (2023: £19,406) owed to related entities in which the director Mr J E K Davies has beneficial interest.

At the year-end date, included within creditors, amount falling due within one year, is an amount of £2,313 (2023: £4,401) owed to the director Mr J Davies.

These amounts are unsecured, interest-free and repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J E K Davies by virtue of his shareholdings in the holding company. The holding company is Earl Kendrick Associates Limited, a company registered in England