ACCOUNTS - Final Accounts preparation

Company registration number: 03895071

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	FEREDAY POLLARD ARCHITECTS LIMITED


FEREDAY POLLARD ARCHITECTS LIMITED REGISTERED NUMBER:03895071

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		177,751		180,573
			177,751		180,573
Current assets
Debtors: amounts falling due within one year	5	1,604,574		1,477,929
Cash at bank and in hand		300,553		59,506
		1,905,127		1,537,435
Creditors: amounts falling due within one year	6	(1,077,938)		(1,019,938)
Net current assets			827,189		517,497
Total assets less current liabilities			1,004,940		698,070

Net assets			1,004,940		698,070

Capital and reserves
Called up share capital	50	50
Profit and loss account	1,004,890	698,020
	1,004,940	698,070

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 December 2025.

C Pollard

Director

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FEREDAY POLLARD ARCHITECTS LIMITED REGISTERED NUMBER:03895071

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The notes on pages 3 to 6 form part of these financial statements.

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FEREDAY POLLARD ARCHITECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Fereday Pollard Architects Limited is a private company, limited by shares, registered in England and Wales, company registration number 03895071. The address of the registered office is the same as that of the principal place of business and is disclosed on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that 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.

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FEREDAY POLLARD ARCHITECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Leasehold improvements	-	Over the term of the lease
Plant and machinery	-	20%
Fixtures and fittings	-	20%
Office equipment	-	20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

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FEREDAY POLLARD ARCHITECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.10

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.

Employees

The average monthly number of employees, including directors, during the year was 31 (2024 - 29).

4.	Tangible fixed assets

	Leasehold improvement	Plant and machinery	Fixtures and fittings	Office equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 April 2024	129,117	223,223	48,506	157,432	558,278
Additions	-	-	-	8,229	8,229
At 31 March 2025	129,117	223,223	48,506	165,661	566,507
Depreciation
At 1 April 2024	-	197,962	38,433	141,310	377,705
Charge for the year on owned assets	-	5,052	2,015	3,984	11,051
At 31 March 2025	-	203,014	40,448	145,294	388,756
Net book value
At 31 March 2025	129,117	20,209	8,058	20,367	177,751
At 31 March 2024	129,117	25,261	10,073	16,122	180,573

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FEREDAY POLLARD ARCHITECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Trade debtors	375,137	63,050
Other debtors	781,772	781,749
Prepayments and accrued income	447,665	633,130
	1,604,574	1,477,929

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	242,665	264,524
Amounts owed to group undertakings	262,739	320,502
Corporation tax	324,787	212,125
Other taxation and social security	147,839	136,832
Other creditors	18,157	18,124
Accruals and deferred income	81,751	67,831
	1,077,938	1,019,938

7.	Transactions with directors

Included in other debtors is an amount of £578,323 (2024: £578,323) owed by the director. Interest has been charged at commercial rates and the loan is repayable on demand.
Amounts advanced and repaid during the year amount to £248,380. (2024: £234,176)

8.	Related party transactions
	The company acts as a guarantor for a loan provided to a company within the same group. The liability at the year end was £1,294,096 (2024: £1,338,347) and is secured over the assets of the company by a fixed and floating charge.

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