PRC Architecture & Planning Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02844543 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2018

FOR

PRC ARCHITECTURE & PLANNING LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S G Crawford

P M Rutter

SECRETARY:

C I Lockhart

REGISTERED OFFICE:

24 Church Street West

Woking

Surrey

GU21 6HT

REGISTERED NUMBER:

02844543 (England and Wales)

ACCOUNTANTS:

Johnsons, Chartered Accountants

Ground Floor

1 - 2 Craven Road

Ealing

London

W5 2UA

FIXED ASSETS

Intangible assets

4

29,883

10,000

Tangible assets

5

291,549

319,561

Investments

6

100,510

-

421,942

329,561

CURRENT ASSETS

Debtors

2,302,151

1,203,080

Cash at bank - Committed

341,176

341,176

Cash at bank

380,926

618,428

3,024,253

2,162,684

CREDITORS

Amounts falling due within one year

1,521,676

959,077

NET CURRENT ASSETS

1,502,577

1,203,607

TOTAL ASSETS LESS CURRENT LIABILITIES

1,924,519

1,533,168

PROVISIONS FOR LIABILITIES

288,346

287,010

NET ASSETS

1,636,173

1,246,158

CAPITAL AND RESERVES

Called up share capital

73

73

Retained earnings

1,636,100

1,246,085

SHAREHOLDERS' FUNDS

1,636,173

1,246,158

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 16 May 2019 and were signed on its behalf by:

P M Rutter - Director

1.	STATUTORY INFORMATION

PRC Architecture & Planning 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 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.

Preparation of consolidated financial statements

The financial statements contain information about PRC Architecture & Planning Ltd as an individual company

and do not contain consolidated financial information as the parent of a group. The company is exempt under

Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of

Value Added Tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets other than goodwill

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful

economic life of that asset as follows:

Website development - 20% reducing balance

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements - 15% reducing balance

Plant & machinery - 25% reducing balance

Fixtures and fittings - 15% reducing balance

Motor Vehicles - 25% reducing balance

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.

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 50 (2017 - 55 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2017

50,000

Additions

31,104

At 31 August 2018

81,104

AMORTISATION

At 1 September 2017

40,000

Amortisation for year

11,221

At 31 August 2018

51,221

NET BOOK VALUE

At 31 August 2018

29,883

At 31 August 2017

10,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2017

551,931

Additions

32,717

At 31 August 2018

584,648

DEPRECIATION

At 1 September 2017

232,370

Charge for year

60,729

At 31 August 2018

293,099

NET BOOK VALUE

At 31 August 2018

291,549

At 31 August 2017

319,561

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

Additions

100,510

At 31 August 2018

100,510

NET BOOK VALUE

At 31 August 2018

100,510

The company's investments at the Balance Sheet date in the share capital of companies include the following:

L D A (Architects) Limited

Registered office: 24 Church Street West, Woking, Surrey, England, GU21 6HT

Nature of business: Architectural activities

%

Class of shares:

holding

Ordinary shares

100.00

30.6.18

30.6.17

£

£

Aggregate capital and reserves

87,429

51,707

7.	CASH AT BANK - COMMITTED

It represents the cash that the company has committed to invest in a property development company. A total of

£500,000 was committed and £154,824 has been invested as of the balance sheet date. A further £341,176 will

be invested in the following years.