REGISTERED NUMBER: 11250489 (England and Wales)

Unaudited Financial Statements

For The Period 21 March 2024 to 18 March 2025

for

This is Projekt Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N J Hartwright

A Drew

REGISTERED OFFICE:

58 Old Compton Street

Soho

London

W1D 4UP

REGISTERED NUMBER:

11250489 (England and Wales)

ACCOUNTANTS:

Fuller Spurling

Mill House

58 Guildford Street

Chertsey

Surrey

KT16 9BE

FIXED ASSETS

Tangible assets

4

43,721

73,050

CURRENT ASSETS

Debtors

5

1,897,197

1,240,925

Cash at bank and in hand

3,982

4,317

1,901,179

1,245,242

CREDITORS

Amounts falling due within one year

6

2,181,576

1,515,266

NET CURRENT LIABILITIES

(280,397

)

(270,024

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(236,676

)

(196,974

)

CREDITORS

Amounts falling due after more than one year

7

24,647

30,079

NET LIABILITIES

(261,323

)

(227,053

)

CAPITAL AND RESERVES

Called up share capital

200

200

Share premium

99,800

99,800

Retained earnings

(361,323

)

(327,053

)

(261,323

)

(227,053

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 18 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 18 March 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 27 July 2026 and were signed on its behalf by:

N J Hartwright - Director

1.	STATUTORY INFORMATION

This is Projekt Ltd 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.

The financial statements are prepared under the going concern basis, relying on the continued support of the company's directors.

Turnover

Turnover is measured at fair value of consideration received or receivable, is recognised as services are provided and excludes value added tax.

Tangible fixed assets

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

Short leasehold

-

in accordance with the lease term

Computer equipment

-

25% on cost

Taxation

Taxation for the period comprises current 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors

Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Short

Computer

leasehold

equipment

Totals

£

£

£

COST

At 21 March 2024

and 18 March 2025

129,269

1,855

131,124

DEPRECIATION

At 21 March 2024

57,108

966

58,074

Charge for period

28,865

464

29,329

At 18 March 2025

85,973

1,430

87,403

NET BOOK VALUE

At 18 March 2025

43,296

425

43,721

At 20 March 2024

72,161

889

73,050

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

18.3.25

20.3.24

£

£

Trade debtors

5,120

109,579

Other debtors

1,373,815

631,540

Prepayments & accrued income

518,262

499,806

1,897,197

1,240,925

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

18.3.25

20.3.24

£

£

Bank loans and overdrafts

5,353

5,203

Trade creditors

161,743

78,136

Social security and other taxes

28,082

68,913

VAT

47,748

4,174

Other creditors

1,793,969

1,248,509

Directors' current accounts

67,367

58,684

Accruals and deferred income

77,314

51,647

2,181,576

1,515,266

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

18.3.25

20.3.24

£

£

Bank loans

24,647

30,079

8.	OTHER FINANCIAL COMMITMENTS

The company has entered into a lease agreement for property for the period October 2021 to September 2026. Payments of rent under this agreement will only be made to the extent of 50% of the rent received from that property once the rents received have exceeded the costs of the refurbishment of the property with a cap on allowable refurbishment costs of £500,000.It is not practicable to make an estimate of potential rent costs over the lease period.