Stephen Archer Architects LLP LLP accounts

REGISTERED NUMBER: OC307606

Stephen Archer Architects LLP

Unaudited Financial Statements

31 March 2025

Stephen Archer Architects LLP

Financial Statements

Year ended 31 March 2025

Contents	Page

Members' report	1

Statement of comprehensive income	2

Statement of financial position	3

Reconciliation of members' interests	5

Notes to the financial statements	7

Stephen Archer Architects LLP

Members' Report

Year ended 31 March 2025

The members present their report and the unaudited financial statements of the LLP for the year ended 31 March 2025 .

Principal activities

The principal activity of the company during the year is that of architects.

Designated members

The designated members who served the LLP during the year were as follows:

J Rayner
M Sanders
S Archer

Policy regarding members' drawings and the subscription and repayment of amounts subscribed or otherwise contributed by members

Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP.

New members are required to subscribe a minimum level of capital and in subsequent years members are invited to subscribe for further capital, the amounts of which is determined by the performance and seniority of those members. On retirement, capital is repaid to members.

This report was approved by the members on 9 December 2025 and signed on behalf of the members by:

S Archer

Designated Member

Stephen Archer Architects LLP

Statement of Comprehensive Income

Year ended 31 March 2025

	2025	2024
Note	£	£
Turnover	520,615	445,399

Cost of sales	10,113	6,475
	---------	---------
Gross profit	510,502	438,924

Administrative expenses		262,780	267,994
Other operating income		23,821	24,137
		---------	---------
Operating profit	5	271,543	195,067

Interest payable and similar expenses	300	436
	---------	---------
Profit for the financial year before members' remuneration and profit shares available for discretionary division among members	271,243	194,631
	---------	---------

All the activities of the LLP are from continuing operations.

Stephen Archer Architects LLP

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		5,519	5,911

Current assets

Debtors	7	448,595	458,196
Cash at bank and in hand		140,548	103,304
		---------	---------
		589,143	561,500

Creditors: amounts falling due within one year	8	71,485		77,871
		---------		---------
Net current assets			517,658	483,629
			---------	---------
Total assets less current liabilities			523,177	489,540

Creditors: amounts falling due after more than one year	9	3,347	8,972
		---------	---------
Net assets		519,830	480,568
		---------	---------

Represented by:

Loans and other debts due to members

Other amounts	10		519,828	480,566

Members' other interests

Members' capital classified as equity	2	2
Other reserves	–	–
	---------	---------
	519,830	480,568
	---------	---------

Total members' interests

Amounts due from members		(424,555)	(436,024)
Loans and other debts due to members	10	519,828	480,566
Members' other interests		2	2
		---------	---------
		95,275	44,544
		---------	---------

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .

Stephen Archer Architects LLP

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the members and authorised for issue on 9 December 2025 , and are signed on their behalf by:

S Archer

Designated Member

Registered number: OC307606

Stephen Archer Architects LLP

Reconciliation of Members' Interests

Year ended 31 March 2025

	Members' other interests			Loans and other debts due to members less any amounts due from members in debtors		Total members' interests
	Members' capital (classified as equity)	Other reserves	Total	Other amounts	Total	Total 2025
	£	£	£	£	£	£
Amounts due to members				480,566	480,566
Amounts due from members				(436,024)	(436,024)
				---------	---------
Balance at 1 April 2024	2	–	2	44,542	44,542	44,544
Profit for the financial year available for discretionary division among members		271,243	271,243			271,243
	----	---------	---------	---------	---------	---------
Members' interests after profit for the year	2	271,243	271,245	44,542	44,542	315,787
Other division of profits		(271,243)	(271,243)	271,243	271,243	–
Drawings				(220,512)	(220,512)	(220,512)
				---------	---------
Amounts due to members				519,828	519,828
Amounts due from members				(424,555)	(424,555)
	----	---------	---------	---------	---------	---------
Balance at 31 March 2025	2	–	2	95,273	95,273	95,275
	----	---------	---------	---------	---------	---------

Stephen Archer Architects LLP

Reconciliation of Members' Interests (continued)

Year ended 31 March 2025

	Members' other interests			Loans and other debts due to members less any amounts due from members in debtors		Total members' interests
	Members' capital (classified as equity)	Other reserves	Total	Other amounts	Total	Total 2024
	£	£	£	£	£	£
Amounts due to members				441,661	441,661
Amounts due from members				(446,241)	(446,241)
				---------	---------
Balance at 1 April 2023	2	–	2	(4,580)	(4,580)	(4,578)
Profit for the financial year available for discretionary division among members		194,631	194,631			194,631
	----	---------	---------	---------	---------	---------
Members' interests after profit for the year	2	194,631	194,633	(4,580)	(4,580)	190,053
Other division of profits		(194,631)	(194,631)	194,631	194,631	–
Drawings				(145,509)	(145,509)	(145,509)
				---------	---------
Amounts due to members				480,566	480,566
Amounts due from members				(436,024)	(436,024)
	----	---------	---------	---------	---------	---------
Balance at 31 March 2024	2	–	2	44,542	44,542	44,544
	----	---------	---------	---------	---------	---------

Stephen Archer Architects LLP

Notes to the Financial Statements

Year ended 31 March 2025

1.	General information

The LLP is registered in England and Wales. The address of the registered office is 26 Grove Lane, Kingston Upon Thames, Surrey, KT1 2ST.

2.	Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).

3.	Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland": (a) No cash flow statement has been presented for the LLP; (b) Disclosures in respect of financial instruments have not been presented; (c) No disclosure has been given for the aggregate remuneration of key management personnel.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Stephen Archer Architects LLP

Notes to the Financial Statements (continued)

Year ended 31 March 2025

3. Accounting policies (continued)

Members' participation rights (continued)

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold improvement	-	25% straight line
Computer equipment	-	25% straight line
Fixture and fittings	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4.	Employee numbers

The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to 4 (2024: 4 ).

5.	Operating profit

Operating profit or loss is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	3,306	3,062
	-------	-------

6.	Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost
At 1 April 2024	43,287	61,792	30,538	135,617
Additions	–	2,914	–	2,914
	--------	--------	--------	---------
At 31 March 2025	43,287	64,706	30,538	138,531
	--------	--------	--------	---------
Depreciation
At 1 April 2024	43,287	56,093	30,326	129,706
Charge for the year	–	3,245	61	3,306
	--------	--------	--------	---------
At 31 March 2025	43,287	59,338	30,387	133,012
	--------	--------	--------	---------
Carrying amount
At 31 March 2025	–	5,368	151	5,519
	--------	--------	--------	---------
At 31 March 2024	–	5,699	212	5,911
	--------	--------	--------	---------

7.	Debtors

	2025	2024
	£	£
Trade debtors	756	–
Other debtors	447,839	458,196
	---------	---------
	448,595	458,196
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	5,625	5,486
Trade creditors	9,130	17,472
Social security and other taxes	38,677	19,862
Other creditors	18,053	35,051
	--------	--------
	71,485	77,871
	--------	--------

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

	2025	2024
	£	£
Bank loans and overdrafts	3,347	8,972
	-------	-------

10.	Loans and other debts due to members

	2025	2024
	£	£
Amounts owed to members in respect of profits	519,828	480,566
	---------	---------

11.	Operating leases

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

	2025	2024
	£	£
Not later than 1 year	20,125	40,250
Later than 1 year and not later than 5 years	–	20,125
	--------	--------
	20,125	60,375
	--------	--------