Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalse22falseDevelopment of building projects2023-03-01true 07779359 2023-03-01 2024-02-29 07779359 2024-02-29 07779359 2022-03-01 2023-02-28 07779359 2023-02-28 07779359 c:Director1 2023-03-01 2024-02-29 07779359 d:CurrentFinancialInstruments 2024-02-29 07779359 d:CurrentFinancialInstruments 2023-02-28 07779359 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 07779359 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 07779359 d:ShareCapital 2024-02-29 07779359 d:ShareCapital 2023-02-28 07779359 d:CapitalRedemptionReserve 2024-02-29 07779359 d:CapitalRedemptionReserve 2023-02-28 07779359 d:RetainedEarningsAccumulatedLosses 2024-02-29 07779359 d:RetainedEarningsAccumulatedLosses 2023-02-28 07779359 c:FRS102 2023-03-01 2024-02-29 07779359 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 07779359 c:FullAccounts 2023-03-01 2024-02-29 07779359 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07779359 4 2023-03-01 2024-02-29 07779359 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Registered number: 07779359


PROJECTLAB (UK) LIMITED








UNAUDITED

PAGES FOR FILING WITH REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
PROJECTLAB (UK) LIMITED
REGISTERED NUMBER: 07779359

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
£
£


Current assets

Debtors: amounts falling due within one year
58,404
200,117

Cash at bank and in hand
257
1,515

58,661
201,632

Creditors: amounts falling due within one year
(17,341)
(33,453)

Net current assets
 
 
41,320
 
 
168,179

Total assets less current liabilities
41,320
168,179


Net assets
41,320
168,179


Capital and reserves

Called up share capital 
275
275

Capital redemption reserve
125
125

Profit and loss account
40,920
167,779

41,320
168,179


Page 1

 
PROJECTLAB (UK) LIMITED
REGISTERED NUMBER: 07779359
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



................................................
A Budgen
Director
Date: 29 November 2024

Page 2

 
PROJECTLAB (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Projectlab (UK) Limited is a private company, limited by shares, domiciled in England and Wales, registration number 04281434. The registered office is 1 Vincent Square, London, SW1P 2PN.
The principal activity of the company in the year under review was that of architecture and design.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 3

 
PROJECTLAB (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
58,404
200,117

58,404
200,117



5.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
257
1,515

257
1,515



6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
1,372
2,400

Other taxation and social security
14,769
14,853

Other creditors
-
15,000

Accruals and deferred income
1,200
1,200

17,341
33,453



7.


Related party transactions

As at the balance sheet date, included within other debtors due within one year are amounts of £22,475 (2023: £22,475), £nil (2023: £141,714), £12,144 (2023: £12,144), £20,000 (2023: £20,000), and £3,510 (2023: £3,510) from The Lab Developments (Creative Living) Ltd, Urbanlab Ltd, Clarendon Rise Developments Limited, 1 Stanhope Gardens Limited and West Ham Lane Developments Ltd respectively, companies under the common control of the directors, A Budgen and N Lonsdale. 
As at the balance sheet date, included within other creditors due within one year is an amount of £nil (2023: £15,000) due to SpacelabUK Limited, a company under the common control of the directors, A Budgen and N Lonsdale.

 
Page 4