Conran And Partners Ltd. - Limited company accounts 25.1

REGISTERED NUMBER: 02354408 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2025

FOR

CONRAN AND PARTNERS LTD.

Page

Company information

1

Report of the directors

2

Consolidated income statement

3

Consolidated balance sheet

4

Company balance sheet

6

Notes to the consolidated financial statements

8

DIRECTORS:

T P Bowder-Ridger

Ms K H Clarke

S O Conran

S J Kincaid

Ms T Norden

Ms G M Thoma Conran

W H Tong

REGISTERED OFFICE:

30a Great Sutton Street

London

EC1V 0DU

REGISTERED NUMBER:

02354408 (England and Wales)

ACCOUNTANTS:

Johnsons, Chartered Accountants

1-2 Craven Road

Ealing

London

W5 2UA

The directors present their report with the financial statements of the company and the group for the year ended 30 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of architects and interior designers.

REVIEW OF BUSINESS

Conran and Partners is an international award-winning practice of architects and interior designers working on sizeable and high-profile projects, across all sectors and geographical territories within these disciplines from its London and Hong Kong studios. In practice, the Company operates as a group with Conran and Partners Ltd and its subsidiary Conran and Partners HK Limited, in view of which, consolidated results are presented in this report.

The directors consider turnover, EBITDA (earnings before interest, tax, depreciation and amortisation) and profit or loss for the year as the key performance indicators for the Company. Turnover for the year ending 30 March 2025 increased from £6,514,310 in 2024 to £7,510,862 in 2025. The EBITDA profit (excluding exceptional costs) decreased from a profit of £620,500 in 2024 to a loss of £77,974 in 2025, and the net result decreased from a profit of £200,989 in 2024,to a loss of £714,832 in 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 31 March 2024 to the date of this report.

T P Bowder-Ridger

Ms K H Clarke

S O Conran

S J Kincaid

Ms T Norden

Ms G M Thoma Conran

W H Tong

WH Tong served as a director throughout the financial year and resigned on 28 April 2025, after the year end.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Ms K H Clarke - Director

29 December 2025

TURNOVER

7,510,862

6,514,310

Cost of sales

4,239,554

2,605,000

GROSS PROFIT

3,271,308

3,909,310

Administrative expenses

3,740,236

3,701,649

OPERATING (LOSS)/PROFIT

4

(468,928

)

207,661

Interest receivable and similar income

182,688

169,733

(286,240

)

377,394

Interest payable and similar expenses

428,592

176,405

(LOSS)/PROFIT BEFORE TAXATION

(714,832

)

200,989

Tax on (loss)/profit

-

(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(714,832

)

200,989

(Loss)/profit attributable to:

Owners of the parent

(714,832

)

200,989

FIXED ASSETS

Tangible assets

6

663,930

796,847

Investments

7

-

663,930

796,847

CURRENT ASSETS

Debtors

8

2,842,382

3,948,764

Cash at bank and in hand

315,992

435,092

3,158,374

4,383,856

CREDITORS

Amounts falling due within one year

9

(2,016,752

)

(2,624,988

)

NET CURRENT ASSETS

1,141,622

1,758,868

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,805,552

2,555,715

CREDITORS

Amounts falling due after more than one
year

10

(191,079

)

(226,410

)

NET ASSETS

1,614,473

2,329,305

CAPITAL AND RESERVES

Called up share capital

16,000

Share premium

396,353

Capital redemption reserve

1,778

Retained earnings

1,200,342

1,915,174

SHAREHOLDERS' FUNDS

1,614,473

2,329,305

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2025.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 30 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

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

The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by:

Ms K H Clarke - Director

FIXED ASSETS

Tangible assets

6

657,524

788,247

Investments

7

10

657,534

788,257

CURRENT ASSETS

Debtors

8

2,611,200

3,190,390

Cash at bank and in hand

236,374

220,346

2,847,574

3,410,736

CREDITORS

Amounts falling due within one year

9

(2,042,047

)

(2,204,282

)

NET CURRENT ASSETS

805,527

1,206,454

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,463,061

1,994,711

CREDITORS

Amounts falling due after more than one
year

10

(191,079

)

(226,410

)

NET ASSETS

1,271,982

1,768,301

CAPITAL AND RESERVES

Called up share capital

16,000

Share premium

396,353

Capital redemption reserve

1,778

Retained earnings

857,851

1,354,170

SHAREHOLDERS' FUNDS

1,271,982

1,768,301

Company's (loss)/profit for the financial year

(496,319

)

169,083

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2025 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by:

Ms K H Clarke - Director

1.	STATUTORY INFORMATION

Conran And Partners 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 General Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

20% on cost

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The group operates a defined contribution pension scheme. Contributions payable to the group'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 64 (2024 - 74 ) .

4.	OPERATING (LOSS)/PROFIT

The operating loss (2024 - operating profit) is stated after charging:

2025

2024

£

Depreciation - owned assets

203,008

239,369

5.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income statement of the parent company is not presented as part of these financial statements.

6.	TANGIBLE FIXED ASSETS

Group

Improvements

Fixtures

to

and

property

fittings

Totals

£

COST

At 31 March 2024

1,292,668

1,222,178

2,514,846

Additions

24,005

21,641

45,646

Exchange differences

(5,546

)

(13,280

)

(18,826

)

Reclassification/transfer

16,511

33,022

At 30 March 2025

1,327,638

1,247,050

2,574,688

DEPRECIATION

At 31 March 2024

612,307

1,105,692

1,717,999

Charge for year

138,000

65,008

203,008

Exchange differences

(5,289

)

(4,960

)

(10,249

)

At 30 March 2025

745,018

1,165,740

1,910,758

NET BOOK VALUE

At 30 March 2025

582,620

81,310

663,930

At 30 March 2024

680,361

116,486

796,847

Company

Improvements

Fixtures

to

and

property

fittings

Totals

£

COST

At 31 March 2024

1,089,472

1,023,921

2,113,393

Additions

24,005

13,090

37,095

Reclassification/transfer

16,511

33,022

At 30 March 2025

1,129,988

1,053,522

2,183,510

DEPRECIATION

At 31 March 2024

409,111

916,035

1,325,146

Charge for year

138,000

62,840

200,840

At 30 March 2025

547,111

978,875

1,525,986

NET BOOK VALUE

At 30 March 2025

582,877

74,647

657,524

At 30 March 2024

680,361

107,886

788,247

7.	FIXED ASSET INVESTMENTS

Company

Shares in

group

undertakings

£

COST

At 31 March 2024

and 30 March 2025

10

NET BOOK VALUE

At 30 March 2025

10

At 30 March 2024

10

8.

DEBTORS

Group

Company

2025

2024

2025

2024

£

Amounts falling due within one year:

Trade debtors

933,143

1,576,859

756,448

1,212,674

Amounts recoverable on contract

1,141,361

1,575,958

678,848

782,653

Other debtors

430,378

458,447

838,404

857,563

2,504,882

3,611,264

2,273,700

2,852,890

Group

Company

2025

2024

2025

2024

£

Amounts falling due after more than one

year:

Other debtors

337,500

Aggregate amounts

2,842,382

3,948,764

2,611,200

3,190,390

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

2025

2024

2025

2024

£

Trade creditors

326,379

45,241

339,028

130,161

Taxation and social security

216,731

221,533

216,731

221,533

Other creditors

1,473,642

2,358,214

1,486,288

1,852,588

2,016,752

2,624,988

2,042,047

2,204,282

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group

Company

2025

2024

2025

2024

£

Other creditors

191,079

226,410

191,079

226,410

11.	RELATED PARTY DISCLOSURES

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.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is Collaborative Principals Group Ltd. The principal address of Collabroative Principals Group Limited is Ground Floor, 30a Great Sutton Street, London, United Kingdom, EC1V 0DU.