The Oval Partnership Architecture Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07175347 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

THE OVAL PARTNERSHIP ARCHITECTURE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P P Bruce

C L K Chung

J R Pile

REGISTERED OFFICE:

5 Beaumont Gate

Shenley Hill

Radlett

Hertfordshire

WD7 7AR

REGISTERED NUMBER:

07175347 (England and Wales)

ACCOUNTANTS:

Nagler Simmons

Chartered Accountants

5 Beaumont Gate

Shenley Hill

Radlett

WD7 7AR

FIXED ASSETS

Tangible assets

4

2,674

5,745

CURRENT ASSETS

Debtors

5

127,718

112,072

Cash at bank

6,744

20,590

134,462

132,662

CREDITORS

Amounts falling due within one year

6

8,704

19,616

NET CURRENT ASSETS

125,758

113,046

TOTAL ASSETS LESS CURRENT LIABILITIES

128,432

118,791

CREDITORS

Amounts falling due after more than one
year

7

1,944

4,860

NET ASSETS

126,488

113,931

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

126,388

113,831

SHAREHOLDERS' FUNDS

126,488

113,931

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 3 October 2025 and were signed on its behalf by:

J R Pile - Director

1.	STATUTORY INFORMATION

The Oval Partnership Architecture 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 preparation

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 represents sales of architectural and technical consultancy services, net of VAT.

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 reducing balance

Computer equipment

-

Straight line over 3 years

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.

Operating leases

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 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 January 2024

10,130

18,301

28,431

Additions

-

1,299

Disposals

-

(9,279

)

(9,279

)

At 31 December 2024

10,130

10,321

20,451

DEPRECIATION

At 1 January 2024

9,533

13,153

22,686

Charge for year

150

4,220

4,370

Eliminated on disposal

-

(9,279

)

(9,279

)

At 31 December 2024

9,683

8,094

17,777

NET BOOK VALUE

At 31 December 2024

447

2,227

2,674

At 31 December 2023

597

5,148

5,745

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Work in progress

-

15,000

Amounts owed by group undertakings

83,759

64,568

Other debtors

12,190

12,290

Corporation tax repayable

5,046

6,433

VAT

7,292

5,411

Prepayments and accrued income

19,431

8,370

127,718

112,072

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

-

9,371

Other creditors

3,543

3,711

Accruals and deferred income

5,161

6,534

8,704

19,616

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

Other creditors

1,944

4,860

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

Within one year

31,700

Between one and five years

103,053

126,800

In more than five years

-

7,953

134,753

166,453

9.	RELATED PARTY DISCLOSURES

Included in debtors is an amount owed to The Oval Partnership Limited, a company under common control, and registered in Hong Kong, of £83,759 (2023: debtor of £64,568).

There are no terms as to interest or repayment in respect of these balances.

10.	ULTIMATE PARENT COMPANY

The name of the parent company that draws up the consolidated financial statements is Wanda Services Limited, which is also the ultimate parent undertaking. Its registered office address is Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands.