Powis Projects Limited

Powis Projects Limited
Statement of Financial Position
As at 31 July 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	480,721	480,721
		480,721	480,721
Current assets
Cash at bank and in hand		87,831	40,732
Creditors: amount falling due within one year	4	(12,521)	(12,878)
Net current assets		75,310	27,854

Total assets less current liabilities		556,031	508,575
Creditors: amount falling due after more than one year	5	(503,338)	(479,488)
Net assets		52,693	29,087

Capital and reserves
Called up share capital		500	500
Profit and loss account		52,193	28,587
Shareholders' funds		52,693	29,087

For the year ended 31 July 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the director on 25 November 2025 and were signed by:

-------------------------------
Rory Pennant-Rea
Director

Powis Projects Limited
Notes to the Financial Statements
For the year ended 31 July 2025

General Information

Powis Projects Limited is a private company, limited by shares, registered in England and Wales, registration number 10276642, registration address First Floor, 132 Whitechapel Road , London, E1 1JE.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Website cost

Planning and operating costs for the company's website are charged to the income statement as incurred.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings

25% Straight Line

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 1 (2024 : 1).

Tangible fixed assets

Cost or valuation	Land and Buildings	Total
	£	£
At 01 August 2024	480,721	480,721
Additions	-	-
Disposals	-	-
At 31 July 2025	480,721	480,721
Depreciation
At 01 August 2024	-	-
Charge for year	-	-
On disposals	-	-
At 31 July 2025	-	-
Net book values
Closing balance as at 31 July 2025	480,721	480,721
Opening balance as at 01 August 2024	480,721	480,721

Creditors: amount falling due within one year

	2025 £	2024 £
Corporation Tax	5,960	6,659
Accrued Expenses	1,260	1,200
Deferred Income	5,299	5,019
Other Creditors	2	0
	12,521	12,878

Creditors: amount falling due after more than one year

	2025 £		2024 £
Directors' Loan Accounts	503,338		479,488
	503,338		479,488

Advances and Credits

Rory Marcus PENNANT-REA
Creditors include £503,338 owed to the director of the company (2024:£479,488). The amount was lent to the company by the director to purchase the investment property.

Current year (2025)

	Brought Forward £		Amount £		Interest £		Repaid £		Written Off £		Waived £		Carry Forward £
Rory Marcus PENNANT-REA	(479,488)		(23,850)		0		0		0		0		(503,338)
	-479488		-23850		0		0		0		0		-503338

Previous year (2024)

	Brought Forward £		Amount £		Interest £		Repaid £		Written Off £		Waived £		Carry Forward £
Rory Marcus PENNANT-REA	(493,738)		14,250		0		0		0		0		(479,488)
	-493738		14250		0		0		0		0		-479488


Registered Number: 10276642
England and Wales
POWIS PROJECTS LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 August 2024 End date: 31 July 2025