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REGISTERED NUMBER: 10369306 (England and Wales)















PROJECT A TEAM LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024






PROJECT A TEAM LIMITED (REGISTERED NUMBER: 10369306)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROJECT A TEAM LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: A D Bewley
Mrs A Bewley





REGISTERED OFFICE: 12 Lypiatt Road
Corsham
Wiltshire
SN13 9JD





REGISTERED NUMBER: 10369306 (England and Wales)





ACCOUNTANT: Clear Vision Accountancy Limited
1 Abacus House
Newlands Road
Corsham
Wiltshire
SN13 0BH

PROJECT A TEAM LIMITED (REGISTERED NUMBER: 10369306)

BALANCE SHEET
30 September 2024

30/9/24 30/9/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 93,154 96,677
Investment property 5 380,222 380,222
473,376 476,899

CURRENT ASSETS
Debtors 6 14,061 14,558
Cash at bank 5,889 2,677
19,950 17,235
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

202,168

191,318
NET CURRENT LIABILITIES (182,218 ) (174,083 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

291,158

302,816

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

8

268,891

270,366
NET ASSETS 22,267 32,450

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,167 32,350
22,267 32,450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

PROJECT A TEAM LIMITED (REGISTERED NUMBER: 10369306)

BALANCE SHEET - continued
30 September 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 18 June 2025 and were signed on its behalf by:




A D Bewley - Director



Mrs A Bewley - Director


PROJECT A TEAM LIMITED (REGISTERED NUMBER: 10369306)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Project A Team Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 5% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Going concern
The directors have assessed whether the company is a going concern and have considered all available information about the future and are confident of the company's ability to continue as a going concern, with their support.

3. EMPLOYEES AND DIRECTORS

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

PROJECT A TEAM LIMITED (REGISTERED NUMBER: 10369306)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 101,656
Additions 2,375
At 30 September 2024 104,031
DEPRECIATION
At 1 October 2023 4,979
Charge for year 5,898
At 30 September 2024 10,877
NET BOOK VALUE
At 30 September 2024 93,154
At 30 September 2023 96,677

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 380,222
NET BOOK VALUE
At 30 September 2024 380,222
At 30 September 2023 380,222

The investment property was purchased on 29 July 2022. The value in the accounts is considered to be the fair value of the property at the year end.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors 1,917 3,110
Other debtors 12,144 11,448
14,061 14,558

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Bank loans and overdrafts 1,750 1,920
Trade creditors 444 340
Taxation and social security 3,586 7,761
Other creditors 196,388 181,297
202,168 191,318

PROJECT A TEAM LIMITED (REGISTERED NUMBER: 10369306)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/9/24 30/9/23
£    £   
Bank loans 2,333 3,898
Other creditors 266,558 266,468
268,891 270,366

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 266,558 266,468

9. SECURED DEBTS

The following secured debts are included within creditors:

30/9/24 30/9/23
£    £   
Mortgages 266,558 266,468

The mortgage on the investment property is secured against the property and by personal guarantee from the directors.