NW Projects Limited

(Registration number: 06485174)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Current assets
Debtors	5	453	-
Cash at bank and in hand		153,236	212,694
		153,689	212,694
Creditors: Amounts falling due within one year	6	(3,817)	(9,812)
Net assets		149,872	202,882
Capital and reserves
Called up share capital	7	1,000	1,000
Profit and loss account		148,872	201,882
Total equity		149,872	202,882

NW Projects Limited

(Registration number: 06485174)
Balance Sheet as at 31 January 2025 (continued)

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 29 October 2025
 

......................................... N R W Waugh Director

NW Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
43 Canynge Square
Clifton
Bristol
BS8 3LB

2	Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

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

Tax

The tax expense for the period comprises current tax.Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible fixed assets

Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation.

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

NW Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

2	Accounting policies (continued)

Office equipment	33% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

NW Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

4	Tangible fixed assets

	Office equipment  £
Cost
At 1 February 2024	8,199
At 31 January 2025	8,199
Depreciation
At 1 February 2024	8,199
At 31 January 2025	8,199
Carrying amount
At 31 January 2025	-
At 31 January 2024	-

5	Debtors: amounts falling due within one year

	2025 £	2024 £
Corporation tax	453	-
	453	-

NW Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

6

Creditors

	2025 £	2024 £
Corporation tax	-	6,754
Social security and other taxes	231	231
Accruals	1,320	1,750
Director's loan account	2,266	1,077
	3,817	9,812

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	1,000	1,000	1,000	1,000