REGISTERED NUMBER: 10824697 (England and Wales)

Unaudited Financial Statements

For The Period 25 March 2024 to 18 March 2025

for

The Gasworks Project Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N J Hartwright

REGISTERED OFFICE:

C/O the Factory Project Ltd

4 Thameside Industrial Estate

Factory Road

London

E16 2HB

REGISTERED NUMBER:

10824697 (England and Wales)

ACCOUNTANTS:

Fuller Spurling

Mill House

58 Guildford Street

Chertsey

Surrey

KT16 9BE

CURRENT ASSETS

Debtors

5

226,708

233,555

Cash at bank

373

239

227,081

233,794

CREDITORS

Amounts falling due within one year

6

231,836

234,533

NET CURRENT LIABILITIES

(4,755

)

(739

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,755

)

(739

)

CREDITORS

Amounts falling due after more than one year

7

28,636

32,329

NET LIABILITIES

(33,391

)

(33,068

)

RESERVES

Retained earnings

8

(33,391

)

(33,068

)

(33,391

)

(33,068

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 18 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 18 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 3 June 2026 and were signed by:

N J Hartwright - Director

1.	STATUTORY INFORMATION

The Gasworks Project Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents rental income due for the accounting period and is measured at the fair value of the

consideration received or receivable 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.

Plant and machinery

-

25% on cost

Taxation

Taxation represents the sum of tax currently payable, and deferred tax if material.

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, where material, is recognised on all 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. 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.

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.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at Bank and in Hand

Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors

Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Government grants

Grants towards capital expenditure are shown as credits, when received, against the relevant fixed asset heading and are thus effectively released to profit and loss account over the life of the relevant fixed assets by reducing the depreciation charge.

Grants toward revenue expenditure are taken straight to profit and loss account when received and shown as other operating income.

Where there are conditions attaching to the grants, the directors keep these under review such that should any of the grants become repayable, this is then transferred back to creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 25 March 2024

and 18 March 2025

25,515

DEPRECIATION

At 25 March 2024

and 18 March 2025

25,515

NET BOOK VALUE

At 18 March 2025

-

At 24 March 2024

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

18.3.25

24.3.24

£

£

Other debtors

224,365

230,365

VAT

2,343

3,190

226,708

233,555

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

18.3.25

24.3.24

£

£

Bank loans and overdrafts

6,210

5,329

Trade creditors

102,613

104,341

Other creditors

101,070

104,400

Accrued expenses

21,943

20,463

231,836

234,533

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

18.3.25

24.3.24

£

£

Bank loans

28,636

32,329

8.

RESERVES

Retained

earnings

£

At 25 March 2024

(33,068

)

Deficit for the period

(323

)

At 18 March 2025

(33,391

)