PROJEX BROADWAY LTD


Directors	KEARSEY, James Stuart
	WARD, Bradley Mark


Registered Address	1 Gemini Court, 42a Throwley Way
	Sutton
	SM1 4AF


Registered Number	15052100 (England and Wales)

Statement of Financial Position
31 August 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		80,000		90,000
Investment property	4		961,238		918,686
			1,041,238		1,008,686
Current assets
Debtors	5	55,564		23,861
Cash at bank and on hand		3,251		32,015
		58,815		55,876
Creditors amounts falling due within one year	6	(656,682)		(569,402)
Net current assets (liabilities)			(597,867)		(513,526)
Total assets less current liabilities			443,371		495,160
Creditors amounts falling due after one year	7		(539,444)		(536,111)
Net assets			(96,073)		(40,951)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(96,173)		(41,051)
Shareholders' funds			(96,073)		(40,951)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 26 May 2026, and are signed on its behalf by:

KEARSEY, James Stuart
Director
Registered Company No. 15052100

PROJEX BROADWAY LTD

Notes to the Financial Statements
for the year ended 31 August 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	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).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The directors are aware of their responsibilities whilst trading insolvent.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Amortisation
	Goodwill is amortised on a straight line over 10 years.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 September 24	100,000	100,000
At 31 August 25	100,000	100,000
Amortisation and impairment
At 01 September 24	10,000	10,000
Charge for year	10,000	10,000
At 31 August 25	20,000	20,000
Net book value
At 31 August 25	80,000	80,000
At 31 August 24	90,000	90,000

4.	Investment property


		£
	Fair value at 01 September 24	918,686
	Additions	42,552
	At 31 August 25	961,238

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	52,651	20,991
Prepayments and accrued income	2,913	2,870
Total	55,564	23,861

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	6,300	-
Other creditors	631,875	565,900
Accrued liabilities and deferred income	18,507	3,502
Total	656,682	569,402

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	396,127	396,127
Other creditors	143,317	139,984
Total	539,444	536,111

8.	Related party transactions
	Within the Other Debtor balance £52,651.47 is due from related parties. Within Other Creditors £626,035 is due to related parties.

9.	Further information regarding the company's financial position
	The company has two charges from Ortus Secured Finance Ltd over their Properties.