REGISTERED NUMBER: OC333741 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Project 5 Architecture LLP

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Ms M Plowman

P B Short

C R Sears

REGISTERED OFFICE:

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

BUSINESS ADDRESS:

1 Quilter Street

London

E2 7BS

REGISTERED NUMBER:

OC333741 (England and Wales)

ACCOUNTANTS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

FIXED ASSETS

Tangible assets

4

14,626

15,160

CURRENT ASSETS

Debtors

22,615

26,544

Cash at bank

31,393

24,049

54,008

50,593

CREDITORS

Amounts falling due within one year

26,300

23,100

NET CURRENT ASSETS

27,708

27,493

TOTAL ASSETS LESS CURRENT LIABILITIES

42,334

42,653

CREDITORS

Amounts falling due after more than one year

1,667

12,500

NET ASSETS ATTRIBUTABLE TO MEMBERS

40,667

30,153

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

40,667

30,153

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

40,667

30,153

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 2 October 2025 and were signed by:

P B Short - Designated member

1.	STATUTORY INFORMATION

Project 5 Architecture LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% on reducing balance

Motor vehicles - 20% on reducing balance

Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

31,482

Additions

2,765

At 31 March 2025

34,247

DEPRECIATION

At 1 April 2024

16,322

Charge for year

3,299

At 31 March 2025

19,621

NET BOOK VALUE

At 31 March 2025

14,626

At 31 March 2024

15,160

5.	SECURED DEBTS

On the 29th May 2020 the company received a government backed loan in light of the Covid 19 pandemic. The loan is secured by the government over a 5 year period. The loan is repayable by instalments which began on 29th June 2021. Interest is charged at 2.5% per annum from the first repayment date.

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts to members rank equally along with other creditors.