PROJECT HOUSE TRADING LTD


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)

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.

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.

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.

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.

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.