Project Yonder Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

Registered number: 13099065

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		24,990		30,333

			24,990		30,333
CURRENT ASSETS
Stocks	5	29,556		86,744
Debtors	6	130,504		110,746
Cash at bank and in hand		97,387		6,158

		257,447		203,648
Creditors: Amounts Falling Due Within One Year	7	(245,002 )		(115,306 )

NET CURRENT ASSETS (LIABILITIES)			12,445		88,342

TOTAL ASSETS LESS CURRENT LIABILITIES			37,435		118,675

Creditors: Amounts Falling Due After More Than One Year	8		(228,000 )		(229,051 )

NET LIABILITIES			(190,565 )		(110,376 )

CAPITAL AND RESERVES
Called up share capital	10		100		100
Income Statement			(190,665 )		(110,476 )

SHAREHOLDERS' FUNDS			(190,565)		(110,376)

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Project Yonder Ltd

Statement of Financial Position (continued)

As At 31 January 2025

For the year ending 31 January 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Ms G Robertson

Director

22 October 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Project Yonder Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13099065 . The registered office is Unit 8 Platform Business Centre, Haywood Way, Hastings, East Sussex, TN35 4FB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis, despite the loss for the period and deficit of shareholders' funds, as the group's directors and financers have confirmed that they will continue to provide financial support to the group for the foreseeable future to enable it to meet its financial liabilities as they fall due.

2.3. Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	25% on cost
Plant & Machinery	25% on cost
Motor Vehicles	25% on reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Project Yonder Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 4)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 February 2024	4,885	19,864	26,728	51,477
Additions	2,645	2,899	-	5,544

As at 31 January 2025	7,530	22,763	26,728	57,021

Depreciation
As at 1 February 2024	2,905	6,874	11,365	21,144
Provided during the period	1,717	5,329	3,841	10,887

As at 31 January 2025	4,622	12,203	15,206	32,031

Net Book Value
As at 31 January 2025	2,908	10,560	11,522	24,990

As at 1 February 2024	1,980	12,990	15,363	30,333

5. Stocks

	2025	2024
	£	£
Stock	20,000	6,917
Work in progress	9,556	79,827

	29,556	86,744

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Project Yonder Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	5,410	-
Amounts owed by group undertakings	74,764	74,764
Other debtors	50,330	35,982

	130,504	110,746

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Amounts owed to group undertakings	110,875	108,875
Other creditors	127,748	5,567
Taxation and social security	6,379	864

	245,002	115,306

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Amounts owed to group undertakings	195,000	195,000
Other creditors	33,000	34,051

	228,000	229,051

9. Provisions for Liabilities

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Later than one year and not later than five years	18,000	31,000

	18,000	31,000

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Project Yonder Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

12. Related Party Transactions

During the previous year, the company received loans from its parent company, Project Yonder Holdings Ltd ("PYH"). As at 31 January 2025, the company owed PYH £303,875 (2024: £303,875).

During the previous year, the company made payments on behalf of Project Yonder IP Limited ("PYIP"), a fellow group undertaking, and recharged directors' salary costs of £41,118 and rent of £9,613. As at 31 January 2025, PYIP owed the company £74,764 (2024: £74,764).

Both loans are interest free.

13. Ultimate Parent Undertaking and Controlling Party

The company is a wholly owned subsidiary of Project Yonder Holdings Ltd. The group is classified as small as defined by The Companies Act 2006 and is therefore exempt from the requirement to prepare consolidated financial statements.

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