T2 Architects Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06257882 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

T2 ARCHITECTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

7

DIRECTOR:

J A Tyrrell

REGISTERED OFFICE:

Avebury House

6 St Peter Street

Winchester

Hampshire

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REGISTERED NUMBER:

06257882 (England and Wales)

ACCOUNTANTS:

Rothman Pantall LLP

Chartered Accountants

Avebury House

St Peter Street

Winchester

Hampshire

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FIXED ASSETS

Intangible assets

2

5,984

-

Tangible assets

3

39,172

16,035

45,156

16,035

CURRENT ASSETS

Debtors

193,240

134,343

Cash at bank

154,772

80,748

348,012

215,091

CREDITORS

Amounts falling due within one year

96,316

65,149

NET CURRENT ASSETS

251,696

149,942

TOTAL ASSETS LESS CURRENT
LIABILITIES

296,852

165,977

PROVISIONS FOR LIABILITIES

7,540

2,848

NET ASSETS

289,312

163,129

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

289,212

163,029

SHAREHOLDERS' FUNDS

289,312

163,129

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 27 June 2016 and were signed by:

J A Tyrrell - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents income derived from ordinary activities. The company accounted for VAT under

the Flat Rate Scheme, and turnover is shown gross of the standard rate of VAT, less the percentage

adjustment required under the Flat Rate Scheme. All expenditure in the profit and loss is shown gross

of their directly attributable VAT. The company left the Flat Rate Scheme on 31 December 2015.

Since 1 January 2016, turnover represents the net sales of services, excluding VAT.

Intangible fixed assets

The company has capitalised website development costs which are amortised over the estimated

useful life of 3 years.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

6,732

At 31 March 2016

6,732

AMORTISATION

Amortisation for year

748

At 31 March 2016

748

NET BOOK VALUE

At 31 March 2016

5,984

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

37,114

Additions

34,233

At 31 March 2016

71,347

DEPRECIATION

At 1 April 2015

21,079

Charge for year

11,096

At 31 March 2016

32,175

NET BOOK VALUE

At 31 March 2016

39,172

At 31 March 2015

16,035

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

5.	RELATED PARTY DISCLOSURES

J A Tyrrell

Director of the company.

During the year, the company made a loan to the director of £39,000. This loan is interest free and is

repayable on demand.

2016

2015

£

Amount due from related party at the balance sheet date

48,088

9,088

Jeremy Tyrrell Limited

The parent company of T2 Architects Limited with 100% shareholding.

During the year, the company paid dividends of £38,580 (2015: £46,386) to Jeremy Tyrrell Limited.

2016

2015

£

Amount due from related party at the balance sheet date

2,762

Mr Michael John Westcombe Tyrrell

The father of Mr J A Tyrrell

During the year the company paid professional fees to the value of £475 (2015: £248) to Mr M J W

Tyrrell, the father of Mr J A Tyrrell.

Quintana Exeter Ltd

A company in which Mr J Tyrrell is a shareholder

In the year, sales to the value of £35,465 were made to the above company.

These sales were raised in the normal course of trade.

6.	ULTIMATE CONTROLLING PARTY

The company is 100% owned by Jeremy Tyrrell Limited, a company in which Mr J A Tyrrell is the sole

shareholder.

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages two to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of T2 Architects Limited for the year ended 31 March 2016 which comprise the Profit

and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of T2 Architects Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of T2 Architects Limited and state those matters that we have agreed to state to the director of T2 Architects Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that T2 Architects Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of T2 Architects Limited. You consider that T2 Architects Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of T2 Architects Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothman Pantall LLP

Chartered Accountants

Avebury House

St Peter Street

Winchester

Hampshire

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27 June 2016