Company No: 07338729 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Director

G W T Hollaway

Registered office	The Tramway Stables
	Rampart Road
	Hythe
	United Kingdom

Company number

07338729 (England and Wales)

Accountant	Kreston Reeves LLP
	37 St Margarets Street
	Canterbury
	Kent
	CT1 2TU

	Note	31.03.2025		31.03.2024
		£		£
Fixed assets
Intangible assets	5	0		145,833
Tangible assets	6	223,399		232,992
		223,399		378,825
Current assets
Debtors	7	894,667		1,293,659
Cash at bank and in hand		294,158		9,594
		1,188,825		1,303,253
Creditors: amounts falling due within one year	8	( 557,524)		( 593,158)
Net current assets		631,301		710,095
Total assets less current liabilities		854,700		1,088,920
Creditors: amounts falling due after more than one year	9	( 9,268)		( 96,797)
Provision for liabilities	10	( 22,205)		( 26,217)
Net assets		823,227		965,906
Capital and reserves
Called-up share capital	11	2,846		2,795
Share premium account		7,757		7,757
Profit and loss account		812,624		955,354
Total shareholders' funds		823,227		965,906

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 financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Guy Hollaway Architects Limited (registered number: 07338729) were approved and authorised for issue by the Director on 28 August 2025. They were signed on its behalf by:

G W T Hollaway Director

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 period, unless otherwise stated.

General information and basis of accounting

Guy Hollaway 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 The Tramway Stables, Rampart Road, Hythe, 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 £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Share-based payment

Equity-settled share-based payment transactions are measured at fair value at the date of grant. The fair value determined at the grant date of the equity-settled share-based payments is expensed on a straight-line basis over the vesting period, based on the Company’s estimate of shares that will eventually vest and adjusted for the effect of non-market-based vesting conditions.

Fair value is measured by use of the [appropriate pricing] model which is considered by management to be the most appropriate method of valuation. The expected life used in the model has been adjusted, based on management’s best estimate, for the effects of non-transferability, exercise restrictions, and behavioural considerations.

Cancellations or settlements (including those resulting from employee redundancies) are treated as an acceleration of vesting and the amount that would have been recognised over the remaining vesting period is recognised immediately.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.

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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is [number] years.

Research and development

Research expenditure is written off as incurred. Development expenditure is also written off, except where the director is satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is capitalised as an intangible asset and amortised over the period during which the Company is expected to benefit. This period is between three and five years. Provision is made for any impairment.

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 on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery etc.	4 - 10 years straight line

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

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

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 Profit and Loss Account 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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

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.

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the director is required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the director has made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements:

Share based payments:

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.

The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme).

Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.

Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.

3. Employees

	Year ended 31.03.2025		Period from 01.11.2022 to 31.03.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	38		43

4. Share-based payments

Equity-settled share-based payment schemes

The Company has an Enterprise Management Incentive share option scheme for key employees.

The scheme provides options for key employees to purchase 470 £1 A Ordinary shares, 75 £1 B Ordinary shares and 150 £1 C Ordinary shares at nominal value in the company. The maximum term is 5 years from the date of the grant. The company is unable to directly measure the fair value of employee services received.

Details of the share options outstanding during the financial year are as follows:

	31.03.2025			31.03.2024
	Weighted Average			Weighted Average
	Number of share options	Average exercise price (£)		Number of share options	Average exercise price (£)
Outstanding at beginning of period	380	82.66		410	76.68
Exercised during the period	( 51)	1.00		( 10)	1.00
Expired during the period	( 147)	1.00		( 20)	1.00
Outstanding at the end of the period	182	86.25		380	82.66
Exercisable at the end of the period	0	0		0	0

The fair value of the share options at the grant date was calculated using the Black Scholes model, which is considered to be the most appropriate generally accepted valuation method of measuring fair value.

The Company recognised total expenses of £ 0 and £ 0 related to equity-settled share-based payment transactions in 2025 and 2024 respectively.

5. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2024	2,500,000		2,500,000
At 31 March 2025	2,500,000		2,500,000
Accumulated amortisation
At 01 April 2024	2,354,167		2,354,167
Charge for the financial year	145,833		145,833
At 31 March 2025	2,500,000		2,500,000
Net book value
At 31 March 2025	0		0
At 31 March 2024	145,833		145,833

6. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 April 2024	152,910		363,368		516,278
Additions	0		29,596		29,596
Disposals	0		( 73,812)		( 73,812)
At 31 March 2025	152,910		319,152		472,062
Accumulated depreciation
At 01 April 2024	0		283,286		283,286
Charge for the financial year	0		38,985		38,985
Disposals	0		( 73,608)		( 73,608)
At 31 March 2025	0		248,663		248,663
Net book value
At 31 March 2025	152,910		70,489		223,399
At 31 March 2024	152,910		80,082		232,992
Leased assets included above:
Net book value
At 31 March 2025	0		10,568		10,568
At 31 March 2024	0		15,267		15,267

7. Debtors

	31.03.2025		31.03.2024
	£		£
Trade debtors	500,645		808,394
Corporation tax	0		46,706
Other debtors	394,022		438,559
	894,667		1,293,659

8. Creditors: amounts falling due within one year

	31.03.2025		31.03.2024
	£		£
Bank loans	82,757		101,479
Trade creditors	128,198		28,427
Taxation and social security	226,424		386,134
Obligations under finance leases and hire purchase contracts	4,855		4,416
Other creditors	115,290		72,702
	557,524		593,158

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

	31.03.2025		31.03.2024
	£		£
Bank loans	0		82,757
Obligations under finance leases and hire purchase contracts	9,268		14,040
	9,268		96,797

Included within the bank loan creditors are debts secured by fixed and floating charges over the undertaking of Guy Hollaway Architects Limited and a personal guarantee given by the director, G W T Hollaway.

10. Provision for liabilities

	31.03.2025		31.03.2024
	£		£
Deferred tax	22,205		26,217

11. Called-up share capital

	31.03.2025		31.03.2024
	£		£
Allotted, called-up and fully-paid
2,500 Ordinary shares of £ 1.00 each	2,500		2,500
236 A ordinary shares of £ 1.00 each (31.03.2024: 190 shares of £ 1.00 each)	236		190
70 B ordinary shares of £ 1.00 each (31.03.2024: 65 shares of £ 1.00 each)	70		65
40 C ordinary shares of £ 1.00 each	40		40
	2,846		2,795

During the year the company issued 46 A Ordinary shares and 5 B Ordinary shares at par value as a result of the exercise of share options.

12. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	31.03.2025		31.03.2024
	£		£
within one year	116,200		150,033
between one and five years	387,333		464,800
after five years	0		48,417
	503,533		663,250

13. Related party transactions

Transactions with the entity's director

	31.03.2025		31.03.2024
	£		£
At the year end, a director owed the company	7,180		9,955

All related party transactions during the current and prior periods, including key management compensation, were concluded under normal market conditions. No interest was charged on the amounts owed by a director to the company and the amounts were repaid within 9 months of the year end.

14. Ultimate controlling party

The controlling party is G W T Hollaway, by virtue of his majority shareholding.