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Company Registration No. 14543974 (England and Wales)
FRIENDLY PROJECTS LTD Unaudited accounts for the year ended 31 December 2025
FRIENDLY PROJECTS LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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FRIENDLY PROJECTS LTD Company Information for the year ended 31 December 2025
Directors
Oliver John Hooson Matthew Scott Horrocks Philip Peter Jones
Company Number
14543974 (England and Wales)
Registered Office
13A WALLACE ROAD LONDON N1 2PG ENGLAND
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FRIENDLY PROJECTS LTD Statement of financial position as at 31 December 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
3,181 
- 
Tangible assets
5
65,983 
74,498 
69,164 
74,498 
Current assets
Inventories
65,652 
20,000 
Debtors
6
154,567 
24,815 
Cash at bank and in hand
(10,122)
11,759 
210,097 
56,574 
Creditors: amounts falling due within one year
7
(140,715)
(26,703)
Net current assets
69,382 
29,871 
Total assets less current liabilities
138,546 
104,369 
Creditors: amounts falling due after more than one year
8
(16,816)
- 
Net assets
121,730 
104,369 
Capital and reserves
Called up share capital
14 
13 
Share premium
288,837 
158,527 
Profit and loss account
(167,121)
(54,171)
Shareholders' funds
121,730 
104,369 
For the year ending 31 December 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 July 2026 and were signed on its behalf by
Matthew Scott Horrocks Director Company Registration No. 14543974
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FRIENDLY PROJECTS LTD Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
FRIENDLY PROJECTS LTD is a private company, limited by shares, registered in England and Wales, registration number 14543974. The registered office is 13A WALLACE ROAD, LONDON, N1 2PG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2025
- 
Additions
3,333 
At 31 December 2025
3,333 
Amortisation
At 1 January 2025
- 
Charge for the year
152 
At 31 December 2025
152 
Net book value
At 31 December 2025
3,181 
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FRIENDLY PROJECTS LTD Notes to the Accounts for the year ended 31 December 2025
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2025
52,610 
- 
30,833 
2,350 
85,793 
Additions
5,614 
2,889 
- 
1,578 
10,081 
At 31 December 2025
58,224 
2,889 
30,833 
3,928 
95,874 
Depreciation
At 1 January 2025
6,145 
- 
4,619 
531 
11,295 
Charge for the year
11,738 
50 
6,167 
641 
18,596 
At 31 December 2025
17,883 
50 
10,786 
1,172 
29,891 
Net book value
At 31 December 2025
40,341 
2,839 
20,047 
2,756 
65,983 
At 31 December 2024
46,465 
- 
26,214 
1,819 
74,498 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
138,000 
8,815 
Accrued income and prepayments
567 
- 
Other debtors
- 
16,000 
138,567 
24,815 
Amounts falling due after more than one year
Other debtors
16,000 
- 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
56,958 
10,987 
Trade creditors
28,412 
4,739 
Taxes and social security
31,518 
10,467 
Other creditors
15,979 
- 
Loans from directors
7,411 
(5,321)
Accruals
437 
5,831 
140,715 
26,703 
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Other creditors
16,816 
- 
9
Average number of employees
During the year the average number of employees was 10 (2024: 3).
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