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PROJECT HOUSE TRADING LTD

Registered Number
14591931
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2025

PROJECT HOUSE TRADING LTD
Company Information
for the year from 1 January 2025 to 31 December 2025

Directors | BARRATT, Samuel Conway
| BROWN, Thomas Alexander Chevalier
| CLARK, Nathan Scott
| KOLLAKOWSKI, Ashley Oliver
| LEWIS, Benjamin
| STEVENS, Simon James

Registered Address | 1st Floor Blayds House
| 21 Blayds Yard
| Leeds
| LS1 4AD

Registered Number | 14591931 (England and Wales)

PROJECT HOUSE TRADING LTD
Balance Sheet as at
31 December 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 755,450 |  |  |  | 869,143
|  |  |  | 755,450 |  |  |  | 869,143
Current assets |  |  |  |  |  |  |  |
Stocks | 4 | 11,910 |  |  |  | 24,923 |  |
Debtors | 5 | 82,382 |  |  |  | 39,113 |  |
Cash at bank and on hand |  | 78,744 |  |  |  | 48,155 |  |
|  | 173,036 |  |  |  | 112,191 |  |
Creditors amounts falling due within one year | 6 | (1,893,486) |  |  |  | (1,621,329) |  |
Net current assets (liabilities) |  |  |  | (1,720,450) |  |  |  | (1,509,138)
Total assets less current liabilities |  |  |  | (965,000) |  |  |  | (639,995)
Net assets |  |  |  | (965,000) |  |  |  | (639,995)
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  | (965,100) |  |  |  | (640,095)
Shareholders' funds |  |  |  | (965,000) |  |  |  | (639,995)

- 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 2 June 2026, and are signed on its behalf by:
STEVENS, Simon James Director Registered Company No. 14591931

PROJECT HOUSE TRADING LTD
Notes to the Financial Statements
for the year ended 31 December 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.

| Going concern
--- | ---
| After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

| 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.

| Operating leases
--- | ---
| Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

| 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.

| Defined contribution pension plan
--- | ---
| The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on Land & buildings over the life of the lease, and for all other tangible fixed assets as follows:

|  | Straight line (years)
| Land and buildings | 10
| Plant and machinery | 3
| Fixtures and fittings | 5

| Stocks and work in progress
--- | ---
| Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 19 |  | 18

3. | Tangible fixed assets
--- | ---

|  | Land & buildings |  | Plant & machinery |  | Fixtures & fittings |  | Total
--- | --- | --- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
| Cost or valuation
| At 01 January 25 | 766,408 |  | 200,590 |  | 108,572 |  | 1,075,570
| Additions | 20,630 |  | 8,056 |  | 31,723 |  | 60,409
| At 31 December 25 | 787,038 |  | 208,646 |  | 140,295 |  | 1,135,979
| Depreciation and impairment
| At 01 January 25 | 101,780 |  | 78,107 |  | 26,540 |  | 206,427
| Charge for year | 77,702 |  | 71,091 |  | 25,309 |  | 174,102
| At 31 December 25 | 179,482 |  | 149,198 |  | 51,849 |  | 380,529
| Net book value
| At 31 December 25 | 607,556 |  | 59,448 |  | 88,446 |  | 755,450
| At 31 December 24 | 664,628 |  | 122,483 |  | 82,032 |  | 869,143

4. | Stocks
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Finished goods | 11,910 |  | 24,923
| Total | 11,910 |  | 24,923

5. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 69,679 |  | 6,155
| Amounts owed by associates and joint ventures / participating interests | 5,000 |  | 5,000
| Other debtors | 2,906 |  | 2,521
| Prepayments and accrued income | 4,797 |  | 25,437
| Total | 82,382 |  | 39,113

6. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 269,651 |  | 217,580
| Amounts owed to related parties | 1,412,713 |  | 1,161,789
| Taxation and social security | 129,834 |  | 159,565
| Other creditors | 43,815 |  | 35,415
| Accrued liabilities and deferred income | 37,473 |  | 46,980
| Total | 1,893,486 |  | 1,621,329

7. | Related party transactions
--- | ---
| House of Fu Leeds Limited: The company is related to Project House Trading Limited by virtue of common shareholders and Directors. The amount owed to House of Fu Leeds Limited at the balance sheet date was £77,500 (2024: £77,500). House of Fu Manchester Limited: The company is related to Project House Trading Limited by virtue of common shareholders and Directors. The amount owed by House of Fu Manchester Limited at the balance sheet date was £5,000 (2024: £5,000). Brudenell Presents Limited: The company is related to Project House Trading Limited by virtue of common shareholders and Directors. The amount owed to Brudenell Presents Limited at the balance sheet date was £195,000 (2024: £195,000). During the year the company entered into the following transactions with its Directors: The Directors advanced interest-free loans to the company totalling £293,924 during the year. Repayments totalling £43,001 were made to the directors during the year. At the balance sheet date, the total amount owed to the Directors was £1,060,226 (2024: £809,303). The loans are interest-free, unsecured, and repayable on demand.

8. | Controlling party
--- | ---
| There is no ultimate controlling party as no single individual owns a majority shareholding in the company.