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PROJEX PROPERTY DEVELOPMENT LTD

Registered Number
15147462
(England and Wales)

Unaudited Financial Statements for the Period ended
30 September 2024

PROJEX PROPERTY DEVELOPMENT LTD
Company Information
for the period from 19 September 2023 to 30 September 2024

Directors

KEARSEY, James Stuart
WARD, Bradley Mark

Registered Address

1 Gemini Court, 42a Throwley Way
Sutton
SM1 4AF

Registered Number

15147462 (England and Wales)
PROJEX PROPERTY DEVELOPMENT LTD
Statement of Financial Position
30 September 2024

Notes

2024

£

£

Current assets
Debtors368,438
68,438
Creditors amounts falling due within one year4(63,085)
Net current assets (liabilities)5,353
Total assets less current liabilities5,353
Net assets5,353
Capital and reserves
Called up share capital100
Profit and loss account5,253
Shareholders' funds5,353
The financial statements were approved and authorised for issue by the Board of Directors on 10 June 2025, and are signed on its behalf by:
KEARSEY, James Stuart
Director
Registered Company No. 15147462
PROJEX PROPERTY DEVELOPMENT LTD
Notes to the Financial Statements
for the period ended 30 September 2024

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.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2.Average number of employees

2024
Average number of employees during the year2
3.Debtors: amounts due within one year

2024

£
Other debtors67,639
Prepayments and accrued income799
Total68,438
4.Creditors: amounts due within one year

2024

£
Trade creditors / trade payables76
Bank borrowings and overdrafts17
Taxation and social security4,725
Other creditors52,655
Accrued liabilities and deferred income5,612
Total63,085
5.Related party transactions
Included in other debtors, an amount of £67,639 was due from Projex Investments Ltd, the company under common control. Included in other creditors, creditors balances totalling £52,656 were due to the companies under common control.