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REGISTERED NUMBER: 10566870 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Storey Project Limited

Storey Project Limited (Registered number: 10566870)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Chartered Accountants' Report 1

Balance Sheet 2

Notes to the Financial Statements 4


Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Storey Project Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Storey Project Limited for the year ended 31 March 2024 which comprise the Income Statement, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Storey Project Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Storey Project Limited and state those matters that we have agreed to state to the Board of Directors of Storey Project Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Storey Project Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Storey Project 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 Storey Project Limited. You consider that Storey Project 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 Storey Project 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.






Haggards Crowther LLP
Chartered Accountants
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ


30 October 2024

Storey Project Limited (Registered number: 10566870)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,945 9,567

CURRENT ASSETS
Debtors 5 715,888 471,490
Cash at bank 375,413 582,236
1,091,301 1,053,726
CREDITORS
Amounts falling due within one year 6 579,570 557,425
NET CURRENT ASSETS 511,731 496,301
TOTAL ASSETS LESS CURRENT
LIABILITIES

524,676

505,868

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 524,574 505,766
524,676 505,868

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

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

Storey Project Limited (Registered number: 10566870)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





Mr H Prissick - Director


Storey Project Limited (Registered number: 10566870)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Storey Project Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 10566870 and its registered address is 128 City Road, London, EC1V 2NX, United Kingdom.

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.

Significant judgements and estimates
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. In the opinion of the directors there are no judgements or key sources of estimation uncertainty that affect the preparation of the financial statements.

Turnover
Turnover is stated net of VAT. Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the services provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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.

Storey Project Limited (Registered number: 10566870)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company makes payments to a defined contribution pension scheme. Contributions payable to the pension scheme are charged to the Income Statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 2,153 24,611 26,764
Additions 1,735 7,129 8,864
At 31 March 2024 3,888 31,740 35,628
DEPRECIATION
At 1 April 2023 622 16,575 17,197
Charge for year 418 5,068 5,486
At 31 March 2024 1,040 21,643 22,683
NET BOOK VALUE
At 31 March 2024 2,848 10,097 12,945
At 31 March 2023 1,531 8,036 9,567

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 848,991 440,042
Other debtors (133,103 ) 31,448
715,888 471,490

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 24,582 31
Taxation and social security 397,828 330,951
Other creditors 157,160 226,443
579,570 557,425

Storey Project Limited (Registered number: 10566870)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. RELATED PARTY DISCLOSURES

Included in other debtors is an interest-free loan of £3,542 (2022 - £nil) which has been loaned to Gordian Investments Holdings Limited, a company registered in the UK and which wholly owns Storey Project Limited..

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties of the company are Mr Stephen Adams and Mr Hugh Prissick through their shareholding in the parent company, Gordian Investments Holdings Limited.