2023-01-132023-12-312023-12-31false14591931PROJECT HOUSE TRADING 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PROJECT HOUSE TRADING LTD

Registered Number
14591931
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2023

PROJECT HOUSE TRADING LTD
Company Information
for the period from 13 January 2023 to 31 December 2023

Directors

BARRATT, Samual Conway
BROWN, Thomas Alexander Chevalier
CLARK, Nathan Scott
KOLLAKOWSKI, Ashley Oliver
LEWIS, Benjamin
STEVENS, Simon James

Registered Address

1st Floor Blayds House
21 Blayds Yard
Leeds
LS1 4AD

Registered Number

14591931 (England and Wales)
PROJECT HOUSE TRADING LTD
Balance Sheet as at
31 December 2023

Notes

2023

£

£

Fixed assets
Tangible assets3866,851
866,851
Current assets
Debtors75,905
Cash at bank and on hand59,882
135,787
Creditors amounts falling due within one year4(281,185)
Net current assets (liabilities)(145,398)
Total assets less current liabilities721,453
Creditors amounts falling due after one year5(993,902)
Net assets(272,449)
Capital and reserves
Called up share capital100
Profit and loss account(272,549)
Shareholders' funds(272,449)
The financial statements were approved and authorised for issue by the Board of Directors on 26 November 2024, and are signed on its behalf by:
STEVENS, Simon James
Director
Registered Company No. 14591931
PROJECT HOUSE TRADING LTD
Notes to the Financial Statements
for the period ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on Land & buildings over the life of the lease, and for all other tangible fixed assets as follows:

Straight line (years)
Land and buildings10
Plant and machinery5
Fixtures and fittings5
Office Equipment3
2.Average number of employees

2023
Average number of employees during the year21
3.Tangible fixed assets

Land & buildings

Plant & machinery

Total

£££
Cost or valuation
Additions661,533246,605908,138
At 31 December 23661,533246,605908,138
Depreciation and impairment
Charge for year25,41915,86841,287
At 31 December 2325,41915,86841,287
Net book value
At 31 December 23636,114230,737866,851
At 12 January 23---
4.Creditors: amounts due within one year

2023

£
Trade creditors / trade payables244,723
Bank borrowings and overdrafts5
Accrued liabilities and deferred income36,457
Total281,185
5.Creditors: amounts due after one year

2023

£
Amounts owed to related parties993,902
Total993,902
6.Related party transactions
House of Fu Leeds Limited: The company is related to PROJECT HOUSE TRADING LTD by virtue of common shareholders and Directors. The amount owed to House of Fu Leeds at the balance sheet date was £77,500. House of Fu Manchester Limited: The company is related to PROJECT HOUSE TRADING LTD by virtue of common shareholders and Directors. The amount owed by House of Fu Manchester at the balance sheet date was £25,000. Super Friendz Limited: The company is related to PROJECT HOUSE TRADING LTD by virtue of common shareholders and Directors. The amount owed to Super Friendz at the balance sheet date was £1,624. Brudenell Presents Limited: The company is related to PROJECT HOUSE TRADING LTD by virtue of common shareholders and Directors. The amount owed to Brudenell Presents at the balance sheet date was £195,000.