REGISTERED NUMBER: 13664585 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

WE ARE PROJECT X LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C Fisk

Mrs C Lake

REGISTERED OFFICE:

Unit C2A, Comet Studios

De Havilland Court

Penn Street

Amersham

Buckinghamshire

HP7 0PX

REGISTERED NUMBER:

13664585 (England and Wales)

ACCOUNTANTS:

LSR Management Limited

Unit C2A Comet Studios

De Havilland Court

Penn Street

Amersham

Buckinghamshire

HP7 0PX

FIXED ASSETS

Intangible assets

4

58,915

80,734

Tangible assets

5

3,075

3,171

61,990

83,905

CURRENT ASSETS

Debtors

6

129,764

92,783

Cash at bank

634,989

455,515

764,753

548,298

CREDITORS

Amounts falling due within one year

7

695,847

507,477

NET CURRENT ASSETS

68,906

40,821

TOTAL ASSETS LESS CURRENT LIABILITIES

130,896

124,726

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

130,796

124,626

130,896

124,726

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2026 and were signed on its behalf by:

Mrs C Fisk - Director

1.	STATUTORY INFORMATION

We Are Project X Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 November 2024

and 31 October 2025

74,192

72,000

146,192

AMORTISATION

At 1 November 2024

22,258

43,200

65,458

Charge for year

7,419

14,400

21,819

At 31 October 2025

29,677

57,600

87,277

NET BOOK VALUE

At 31 October 2025

44,515

14,400

58,915

At 31 October 2024

51,934

28,800

80,734

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2024

4,228

Additions

3,190

At 31 October 2025

7,418

DEPRECIATION

At 1 November 2024

1,057

Charge for year

3,286

At 31 October 2025

4,343

NET BOOK VALUE

At 31 October 2025

3,075

At 31 October 2024

3,171

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

121,364

185,638

Other debtors

8,400

(92,855

)

129,764

92,783

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

416,471

348,490

Taxation and social security

60,638

54,595

Other creditors

218,738

104,392

695,847

507,477