REGISTERED NUMBER: 02066639 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

HGP ARCHITECTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C J Callard

M J Williams

REGISTERED OFFICE:

Furzehall Farm, Wickham Road

Fareham

Hampshire

PO16 7JH

REGISTERED NUMBER:

02066639 (England and Wales)

AUDITORS:

Shaw Gibbs (Audit) Limited

Chartered Certified Accountants

Statutory Auditor

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

297,546

313,971

CURRENT ASSETS

Stocks

89,218

83,477

Debtors

5

1,699,980

1,900,368

Cash at bank and in hand

966,451

1,253,796

2,755,649

3,237,641

CREDITORS

Amounts falling due within one year

6

1,515,814

1,988,917

NET CURRENT ASSETS

1,239,835

1,248,724

TOTAL ASSETS LESS CURRENT LIABILITIES

1,537,381

1,562,695

CREDITORS

Amounts falling due after more than one year

7

-

(67,363

)

PROVISIONS FOR LIABILITIES

(69,817

)

(73,574

)

NET ASSETS

1,467,564

1,421,758

CAPITAL AND RESERVES

Called up share capital

10

15,500

15,500

Capital redemption reserve

9,500

9,500

Retained earnings

1,442,564

1,396,758

SHAREHOLDERS' FUNDS

1,467,564

1,421,758

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 15th October 2025 and were signed on its behalf by:

C J Callard - Director

1.	STATEMENT OF COMPLIANCE

HGP Architects Limited is a private company, limited by shares, incorporated in England and Wales. The address of the registered office is Furzehall Farm, Wickham Road, Fareham, Hampshire, PO16 7JH. The registration number is 02066639.

The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest pound.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue recognition

In accordance with the principles of revenue recognition as stated in section 23, paragraph 23.14 and 23.21 of FRS 102, Reporting the Substance of Transactions, income is recognised as the right to consideration obtained through the performance of contractual obligations. Long term contracts are invoiced in line with the terms of the contract.

Interest income is recognised on bank balances in the period to which is it relates.

Tangible fixed assets

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

Improvements to leasehold property

-

Straight line over 15 years

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

20% on cost

HGP Architects Limited has adopted the policy of not capitalising any individual asset under the value of £500 effective from the 1st April 2016.

Financial instruments

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

Cash and cash equivalents

These comprise cash at bank and other short term liquid investments.

Debtors

Short term debtors are stated at their nominal value. Loans receivable are measured initially at their nominal value and are measured subsequently at amortised cost using the effective interest method. Appropriate allowances for the estimated irrecoverable amounts are recognised in the profit and loss account when there is objective evidence that the asset is impaired.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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 benefits

The company provides a range of benefits to the employees, including paid holidays arrangements and defined contribution plans.

(i) Short term benefits

Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is rendered.

Termination benefits provided as a result of an entity terminating employment are recognised when the company has communicated it's plan of termination to the affected employees.

(ii) Defined contribution pension plans

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit or loss in the period to which they relate. Amounts not paid are shown in other creditors in the balance sheet.

Long-term contracts

Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs for that contract.Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 54 (2024 - 57 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

908,432

Additions

90,761

Disposals

(39,018

)

At 31st March 2025

960,175

DEPRECIATION

At 1st April 2024

594,461

Charge for year

104,079

Eliminated on disposal

(35,911

)

At 31st March 2025

662,629

NET BOOK VALUE

At 31st March 2025

297,546

At 31st March 2024

313,971

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,091,062

1,033,333

Amounts recoverable on long

term contracts

124,269

84,822

Amounts owed by group undertakings

-

522,560

Other debtors

6,967

22,616

Directors' current accounts

-

63

Tax

245,277

-

Prepayments and accrued income

232,405

236,974

1,699,980

1,900,368

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

67,363

27,539

Trade creditors

148,074

48,949

Payments received on account

729,262

1,190,353

Tax

17,071

60,136

Social security and other taxes

52,488

50,079

VAT

327,974

329,205

Other creditors

22,351

28,064

Accruals and deferred income

151,231

254,592

1,515,814

1,988,917

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

-

67,363

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2025

2024

£

£

Net obligations repayable:

Within one year

67,363

27,539

Between one and five years

-

67,363

67,363

94,902

Non-cancellable

operating leases

2025

2024

£

£

Within one year

113,228

127,729

Between one and five years

335,256

26,494

448,484

154,223

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

67,363

94,902

The bank has a fixed and floating charge over the assets of the company for their overdraft facility, the company has not used its overdraft facility during the year.

The hire purchase liabilities are secured over the assets to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

15,500

Ordinary

1

15,500

15,500

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Harriet Sergeant BA (Hons) FCA (Senior Statutory Auditor)

for and on behalf of Shaw Gibbs (Audit) Limited

12.	CONTINGENT LIABILITIES

The company is a guarantor for the mortgage held by HGP Holdings (2016) Limited, the balance as at 31st March 2025 is £328,512 (2024: £387,209).

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

£

M J Williams

Balance outstanding at start of year

63

-

Amounts advanced

-

63

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

63

This balance was repaid on the 13th May 2024.

14.	RELATED PARTY DISCLOSURES

Name

Country of incorporation

Registered office

Principal activity

Ownership of ordinary shares %

HGP Holdings

England

Furzehall Farm

Parent

100

(2016) Limited

and Wales

Wickham Road

company

Fareham

Hampshire

PO16 7JH