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Registration number: 10566870

Storey Project Limited Unaudited Financial Statements for the Year Ended 31 March 2026
Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Storey Project Limited

Contents

Company Information | 1
Statement of Financial Position | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 7

Storey Project Limited

Company Information

Directors | H J Prissick S R Adams

Registered office | 130 Shaftesbury Avenue 2nd Floor London W1D 5EU

Accountants | Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Storey Project Limited

Statement of Financial Position as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 45,347 | 9,850
Current assets |  |  |
Debtors | 5 | 856,496 | 907,402
Cash at bank and in hand |  | 707,519 | 574,922
|  | 1,564,015 | 1,482,324
Creditors: Amounts falling due within one year | 6 | (946,303) | (847,733)
Net current assets |  | 617,712 | 634,591
Total assets less current liabilities |  | 663,059 | 644,441
Provisions for liabilities |  | (8,027) | (2,275)
Net assets |  | 655,032 | 642,166
Capital and reserves |  |  |
Called up share capital |  | 102 | 102
Retained earnings |  | 654,930 | 642,064
Shareholders' funds |  | 655,032 | 642,166

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Storey Project Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Storey Project Limited

Statement of Financial Position as at 31 March 2026

Approved and authorised by the Board on 21 July 2026 and signed on its behalf by:

.........................................

H J Prissick

Director

Company registration number: 10566870

Storey Project Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of project management & building consultancy.

2 | Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a profit for the year ended 31 March 2026 and had net assets at that date of £655,032 including cash at bank amounting to £707,519.
Subsequent to 31 March 2026 the company has continued to trade profitably.
On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, rebates and discounts.
The company recognises turnover in the period to which project consultancy services relate and when the company has a right to future economic benefit.

Storey Project Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Government grants

Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met.
Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures & Fittings | 15% reducing balance
Computer Equipment | 33% straight line
Leasehold Improvements | 20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Storey Project Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company during the year, was 21 (2025 - 18).

4 | Tangible assets

| Leasehold Improvements £ | Fixtures & Fittings £ | Computer Equipment £ | Total £
Cost or valuation
At 1 April 2025 | - | 3,888 | 35,389 | 39,277
Additions | 20,196 | 17,707 | 4,204 | 42,107
At 31 March 2026 | 20,196 | 21,595 | 39,593 | 81,384
Depreciation
At 1 April 2025 | - | 1,467 | 27,960 | 29,427
Charge for the year | 337 | 867 | 5,406 | 6,610
At 31 March 2026 | 337 | 2,334 | 33,366 | 36,037
Carrying amount
At 31 March 2026 | 19,859 | 19,261 | 6,227 | 45,347
At 31 March 2025 | - | 2,421 | 7,429 | 9,850

Storey Project Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5 | Debtors

| 2026 £ | 2025 £
Trade debtors | 751,775 | 737,397
Other debtors | 104,721 | 170,005
| 856,496 | 907,402

6 | Creditors

Creditors: amounts falling due within one year

| 2026 £ | 2025 £
Trade creditors | 140,404 | 113,335
Taxation and social security | 514,608 | 500,999
Accruals and deferred income | 284,931 | 219,747
Other creditors | 6,360 | 13,652
| 946,303 | 847,733

7 | Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £254,119 (2025 - £32,635).

8 | Related party transactions

At 31 March 2026 an amount of £1,094 was due from a director (2025: £Nil). During the year there were advances of £101,614 and repayments of £101,076. Interest of £556 was charged on overdrawn balances at a rate of 3.75%. There are no set terms in place.

9 | Non adjusting events after the financial period

Subsequent to 31 March 2026 dividends were declared and paid by the company amounting to £340,000.