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REGISTERED NUMBER: 02730650 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

OLD LAUNDRY PROJECTS LIMITED

OLD LAUNDRY PROJECTS LIMITED (REGISTERED NUMBER: 02730650)

Contents of the Financial Statements
for the year ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OLD LAUNDRY PROJECTS LIMITED

Company Information
for the year ended 31 January 2024







Directors: C R Scott
R P Glossop





Secretary: C R Scott





Registered office: Northern Assurance Buildings
9-21 Princess Street
Manchester
Greater Manchester
M2 4DN





Registered number: 02730650 (England and Wales)





Accountants: Evelyn Partners (Manchester) Limited
Accountants
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

OLD LAUNDRY PROJECTS LIMITED (REGISTERED NUMBER: 02730650)

Balance Sheet
31 January 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 5 3 3

Creditors
Amounts falling due within one year 6 147,630 147,630
Net current liabilities (147,630 ) (147,630 )
Total assets less current liabilities (147,627 ) (147,627 )

Reserves
Income and expenditure account (147,627 ) (147,627 )
(147,627 ) (147,627 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 surplus or deficit 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2024 and were signed on its behalf by:





C R Scott - Director


OLD LAUNDRY PROJECTS LIMITED (REGISTERED NUMBER: 02730650)

Notes to the Financial Statements
for the year ended 31 January 2024


1. Statutory information

Old Laundry Projects Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The company had net liabilities as at 31 January 2024. The company is dependent, in the absence of other funding, on the continued support of its directors. The directors have confirmed their commitment to provide the necessary support. On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that might be necessary if the directors were not to provide further support.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over 6 years

Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price and costs directly attributable to bringing the asset to its working condition for its intended use.

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial liabilities

Basic financial liabilities, including other creditors, that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

4. Employees and directors

The average number of employees during the year was NIL (2023 - NIL).

OLD LAUNDRY PROJECTS LIMITED (REGISTERED NUMBER: 02730650)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


5. Tangible fixed assets
Fixtures
Short and
leasehold fittings Totals
£ £ £
Cost
At 1 February 2023
and 31 January 2024 333,531 2,076 335,607
Depreciation
At 1 February 2023
and 31 January 2024 333,530 2,074 335,604
Net book value
At 31 January 2024 1 2 3
At 31 January 2023 1 2 3

6. Creditors: amounts falling due within one year
2024 2023
£ £
Other creditors 66,342 66,342
Directors' current accounts 80,038 80,038
Accrued expenses 1,250 1,250
147,630 147,630

7. Related party disclosures

Directors of Old Laundry Projects Limited

2024 2023
£ £
Other creditors 80,038 80,038

The above loans are interest free and repayable on demand.

8. Limited by guarantee

The company is a private company limited by guarantee and consequently does not have a share capital. Each of the members is liable to contribute an amount not exceeding £nil towards the assets of the company in the event of liquidation.