PROJEX INVESTMENTS LTD


Directors	KEARSEY, James Stuart
	WARD, Bradley Mark


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


Registered Number	13048947 (England and Wales)

Statement of Financial Position
30 November 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investment property	3		1,333,837		1,223,443
			1,333,837		1,223,443
Current assets
Debtors	4	31,571		24,373
Current asset investments	5	25		25
Cash at bank and on hand		5,793		65,461
		37,389		89,859
Prepayments and accrued income		775		3,706
Creditors amounts falling due within one year	6	(351,178)		(343,549)
Net current assets (liabilities)			(313,014)		(249,984)
Total assets less current liabilities			1,020,823		973,459
Creditors amounts falling due after one year	7		(1,031,596)		(1,058,207)
Net assets			(10,773)		(84,748)
Capital and reserves
Called up share capital			1,000		1,000
Revaluation reserve			137,717		48,298
Profit and loss account			(149,490)		(134,046)
Shareholders' funds			(10,773)		(84,748)

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 1 June 2026, and are signed on its behalf by:

KEARSEY, James Stuart
Director
Registered Company No. 13048947

PROJEX INVESTMENTS LTD

Notes to the Financial Statements
for the year ended 30 November 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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	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 and will not withdraw their Director Loan Account balances until the companies balance sheet is solvent.

	Turnover policy
	Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Investment property
	Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

	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.	Investment property
	The fair value of the following investment property has been arrived at on the basis of a valuation carried out by the directors as at 30/11/2025 on an open market value basis by reference to market evidence of transactions prices for similar properties.


		£
	Fair value at 01 December 24	1,223,443
	Fair value adjustments	110,394
	At 30 November 25	1,333,837

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	31,571	24,373
Total	31,571	24,373

5.	Current asset investments
	The company invested in shares in the company Projex Property Developments to the sum of £25.

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	1,768	5,909
Other creditors	345,932	334,711
Accrued liabilities and deferred income	3,478	2,929
Total	351,178	343,549

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	738,899	729,510
Other creditors	292,697	328,697
Total	1,031,596	1,058,207


	The company has fixed charges over the properties at 1 The Timbers, Park Road, Sutton SM3,9PZ and 170 High Street, Banstead SM7 2NZ with Paragon Bank PLC and Foundation Homeloans.

8.	Related party transactions
	Within Other debtors there is intercompany balances totalling £28,937. Within other Creditors there is intercompany balances totalling £345,931.58.