Louisa Ghevaert Associates Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

Louisa Ghevaert Associates Limited

Balance Sheet

31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	2,072	2,824
Current assets
Debtors	5	15,990	57,168
Cash at bank and in hand		295,763	311,228
		311,753	368,396
Creditors: Amounts falling due within one year	6	(23,191)	(61,874)
Net current assets		288,562	306,522
Total assets less current liabilities		290,634	309,346
Provisions for liabilities		(393)	(536)
Net assets		290,241	308,810
Capital and reserves
Called up share capital		100	100
Profit and loss account		290,141	308,710
Shareholders' funds		290,241	308,810

Louisa Ghevaert Associates Limited

Balance Sheet

31 March 2026

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 2 September 2026
 

......................................... Louisa Ghevaert Director

Company Registration Number: 11787088

Louisa Ghevaert Associates Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Ground Floor
Centenary House Peninsula Park
Rydon Lane
Exeter
EX2 7XE

These financial statements were authorised for issue by the director on 2 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents amounts chargeable to clients for professional services provided during the year,
net of value added tax. Turnover is recognised when a right to consideration has been obtained
through performance under each contract. Consideration accrues as contract activity progresses by
reference to the value of work performed. Turnover is not recognised where the right to receive
payment is contingent upon events outside the control of the company. Unbilled turnover is included
as "amounts recoverable on contracts" included in other debtors.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation 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 taxable income.

Louisa Ghevaert Associates Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2026

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	20% Reducing balance basis
Computer equipment	3 years straight line basis

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Louisa Ghevaert Associates Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2026

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2025 - 1).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2025	10,027	10,027
Additions	689	689
At 31 March 2026	10,716	10,716
Depreciation
At 1 April 2025	7,202	7,202
Charge for the year	1,442	1,442
At 31 March 2026	8,644	8,644
Carrying amount
At 31 March 2026	2,072	2,072
At 31 March 2025	2,824	2,824

Louisa Ghevaert Associates Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2026

5

Debtors

		2026 £	2025 £
Trade debtors		3,521	48,932
Amounts owed by group undertakings and undertakings in which the company has a participating interest		2,875	1,355
Prepayments		9,339	6,881
Other debtors		255	-
		15,990	57,168

6

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	-	25,650
Taxation and social security	19,627	29,939
Accruals and deferred income	3,550	6,250
Other creditors	14	35
	23,191	61,874