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Company Registration No. 14754344 (England and Wales)
Projects Affairs Ltd Unaudited accounts for the year ended 31 March 2025
Projects Affairs Ltd Unaudited accounts Contents
Page
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Projects Affairs Ltd Company Information for the year ended 31 March 2025
Director
Olubukola Adegoke
Company Number
14754344 (England and Wales)
Registered Office
95 Rutland Drive Bury Lancashire BL9 9DR England
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Projects Affairs Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
558,166 
555,426 
Current assets
Cash at bank and in hand
1,651 
20,267 
Creditors: amounts falling due within one year
(380,848)
(396,958)
Net current liabilities
(379,197)
(376,691)
Total assets less current liabilities
178,969 
178,735 
Creditors: amounts falling due after more than one year
(176,817)
(176,817)
Net assets
2,152 
1,918 
Capital and reserves
Called up share capital
10,000 
10,000 
Profit and loss account
(7,848)
(8,082)
Shareholders' funds
2,152 
1,918 
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 April 2025 and were signed on its behalf by
Olubukola Adegoke Director Company Registration No. 14754344
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Projects Affairs Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Projects Affairs Ltd is a private company, limited by shares, registered in England and Wales, registration number 14754344. The registered office is 95 Rutland Drive, Bury, Lancashire, BL9 9DR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2024
544,086 
12,000 
556,086 
Additions
6,700 
- 
6,700 
At 31 March 2025
550,786 
12,000 
562,786 
Depreciation
At 1 April 2024
- 
660 
660 
Charge for the year
- 
3,960 
3,960 
At 31 March 2025
- 
4,620 
4,620 
Net book value
At 31 March 2025
550,786 
7,380 
558,166 
At 31 March 2024
544,086 
11,340 
555,426 
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Taxes and social security
1,628 
- 
Other creditors
(11,609)
- 
Loans from directors
390,829 
396,659 
Accruals
- 
299 
380,848 
396,958 
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Projects Affairs Ltd Notes to the Accounts for the year ended 31 March 2025
6
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
176,817 
176,817 
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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