Hawkins Brown Design Limited Filleted accounts for Companies House (small and micro)

HAWKINS BROWN DESIGN LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 09427730

Hawkins Brown Design Limited

Filleted Financial Statements

31 March 2020

Hawkins Brown Design Limited

Directors' Responsibilities Statement

Year ended 31 March 2020

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Hawkins Brown Design Limited

Statement of Financial Position

31 March 2020

	2020	2019
Note	£	£

Fixed assets

Investments	5	771	771

Current assets

Stocks		265,004	50,000
Debtors	6	2,895,213	2,075,738
Cash at bank and in hand		3,698,788	1,745,063
		------------	------------
		6,859,005	3,870,801

Creditors: amounts falling due within one year	7	1,932,519	758,766
		------------	------------
Net current assets		4,926,486	3,112,035
		------------	------------
Total assets less current liabilities		4,927,257	3,112,806
		------------	------------

Capital and reserves

Called up share capital	2	2
Profit and loss account	4,927,255	3,112,804
	------------	------------
Shareholders funds	4,927,257	3,112,806
	------------	------------

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

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 15 March 2021 , and are signed on behalf of the board by:

J R Brown

Director

Company registration number: 09427730

Hawkins Brown Design Limited

Notes to the Financial Statements

Year ended 31 March 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 159 St. John Street, London, EC1V 4QJ.

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'.

3. Accounting policies

Basis of preparation

Hawkins Brown Design Limited is a private company, limited by shares, registered in England and Wales, company number 09427730 . The registered address is 159 St. John Street, London, EC1V 4QJ. The principal activity of the company during the year was the provision of architectural services. The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Hawkins Brown Architects LLP which can be obtained from Companies House. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) No disclosure has been given for the aggregate remuneration of key management personnel.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. (i) Significant judgements No critical accounting judgement was made by management in the process of applying the company's accounting policies that have a significant effect on the amounts recognised in the financial statements. (ii) Key sources of estimation uncertainty No critical sources of estimation uncertainty were made by management in the process of applying the company's accounting policies that have a significant effect on the amounts recognised in the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, 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.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

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.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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. 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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2019: Nil).

5. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2019 and 31 March 2020	771
	----
Impairment
At 1 April 2019 and 31 March 2020	–
	----

Carrying amount
At 31 March 2020	771
	----
At 31 March 2019	771
	----

Hawkins Brown Design Limited acquired 100% of the 1,000 ordinary $1 shares in Hawkins Brown USA INC. on incorporation. The wholly owned subsidiary is incorporated in Delaware, USA. The activities of Hawkins Brown USA INC. are the provision of design services.

6. Debtors

	2020	2019
	£	£
Trade debtors	2,554,815	1,730,994
Amounts owed by group undertakings and undertakings in which the company has a participating interest	340,398	344,744
	------------	------------
	2,895,213	2,075,738
	------------	------------

7. Creditors: amounts falling due within one year

	2020	2019
	£	£
Trade creditors	22,116	–
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,281,574	227,660
Corporation tax	532,446	209,023
Social security and other taxes	96,383	322,083
	------------	---------
	1,932,519	758,766
	------------	---------

8. Summary audit opinion

The auditor's report for the year dated 15 March 2021 was unqualified.

The senior statutory auditor was Paul Mattei , for and on behalf of Leaman Mattei .

9. Related party transactions

The company has taken advantage of the exemption granted by paragraph 33.1(a) of FRS102, Related Party Disclosures, not to disclose transactions with group members, being a wholly owned subsidiary of the group.

10. Controlling party

The company is a wholly owned subsidiary of Hawkins Brown Architects LLP.