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REGISTERED NUMBER: 10912488 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Project X Global Limited

Project X Global Limited (Registered number: 10912488)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Project X Global Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr S Evans
Ms O M Navarro Parra
Mr P M Bennett





REGISTERED OFFICE: 10 Queen Street Place
London
EC4R 1BE





REGISTERED NUMBER: 10912488 (England and Wales)





ACCOUNTANTS: Litchfields
5 Luke Street
London
EC2A 4PX

Project X Global Limited (Registered number: 10912488)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Stocks - 858,983
Debtors 4 486 8,600
486 867,583
CREDITORS
Amounts falling due within one year 5 191,610 244,784
NET CURRENT (LIABILITIES)/ASSETS (191,124 ) 622,799
TOTAL ASSETS LESS CURRENT
LIABILITIES

(191,124

)

622,799

CREDITORS
Amounts falling due after more than one year 6 440,298 479,850
NET (LIABILITIES)/ASSETS (631,422 ) 142,949

CAPITAL AND RESERVES
Called up share capital 7 1,820 1,820
Share premium 81,693 81,693
Retained earnings (714,935 ) 59,436
SHAREHOLDERS' FUNDS (631,422 ) 142,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Project X Global Limited (Registered number: 10912488)

Balance Sheet - continued
31 December 2023


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

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 December 2023 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 and authorised for issue on 6 September 2024 and were signed on its behalf by:





Ms O M Navarro Parra - Director


Project X Global Limited (Registered number: 10912488)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Project X Global Limited 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.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 7,537
Other debtors 486 1,019
Directors' current accounts - 44
486 8,600

Project X Global Limited (Registered number: 10912488)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 15,750 15,139
Trade creditors 162,513 205,389
Corporation tax - 1,170
Social security and other taxes 71 10,186
Directors' current accounts 10,376 10,000
Accruals and deferred income 2,900 2,900
191,610 244,784

Directors and shareholders loaned the company £10,376.00 which was interest free and repayable on demand.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 18,340 20,252
Bank loans - 2-5 years 18,340 20,252
Other loans - 1-2 years 87,956 413,751
Directors' loan accounts - 25,595
Accrued expenses 315,662 -
440,298 479,850

Other loans are due without any time limit, the company having sufficient cash flow to repay the loan after
taking into account its operational cash needs as approved by the company's board of directors.

Accrued expenses represent amounts due to directors for services rendered.

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
18,200,000 Ordinary shares 0.000 1 1,820 1,820