REGISTERED NUMBER: 14881021 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PROJECT THIRTY FIVE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P A de Savary

A M de Savary

H J de Savary

M A Quantock Shuldham

REGISTERED OFFICE:

55 Loudoun Road

London

NW8 0DL

REGISTERED NUMBER:

14881021 (England and Wales)

ACCOUNTANTS:

MGR Weston Kay LLP

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Investments

4

2

2

CURRENT ASSETS

Debtors

5

22,125

2,125

Cash at bank

3,431

-

25,556

2,125

CREDITORS

Amounts falling due within one year

6

(81,070

)

(2

)

NET CURRENT (LIABILITIES)/ASSETS

(55,514

)

2,123

TOTAL ASSETS LESS CURRENT LIABILITIES

(55,512

)

2,125

CAPITAL AND RESERVES

Called up share capital

7

2,125

2,125

Retained earnings

(57,637

)

-

SHAREHOLDERS' FUNDS

(55,512

)

2,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 23 July 2025 and were signed on its behalf by:

P A de Savary - Director

1.	STATUTORY INFORMATION

Project Thirty Five 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Investments in subsidiaries

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

Going concern

During the year ended 31 March 2025, the company made a loss after tax of £57,637 (2024: Nil) and had net liabilities of £55,512 (2024: net assets of £2,125).

The company continues to meet its day to day working capital requirements through loans from related parties of £70,068 (2024:Nil). Accordingly, the director's considers it appropriate to prepare the financial statements on the going concern basis and does not include any adjustment that would result from withdrawal of support.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

2

NET BOOK VALUE

At 31 March 2025

2

At 31 March 2024

2

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Housing 35 Limited

Registered office: England and Wales

Nature of business: Building of a care home

%

Class of shares:

holding

Ordinary

100.00

31.3.25

£

Aggregate capital and reserves

(63,078

)

Loss for the year

(55,412

)

Intersco (Project 35) Limited

Registered office: England and Wales

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

31.3.25

£

Aggregate capital and reserves

1

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

22,125

2,125

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed to group undertakings

10,100

-

Other creditors

70,970

2

81,070

2

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

2,125

Ordinary

1

2,125

2,125

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, the director owed the company £20,000 (2024: Nil).

9.	RELATED PARTIES

At the year end the company owed £70,068 (2024: Nil) to companies owned by directors.