Company Registration No. 12920570 (England and Wales)
PROJECT X INITIATIVE LTD
Unaudited accounts
for the year ended 31 October 2025
PROJECT X INITIATIVE LTD
Unaudited accounts
Contents
PROJECT X INITIATIVE LTD
Company Information
for the year ended 31 October 2025
Directors
Mr J M Watts
Ian David Maude
Company Number
12920570 (England and Wales)
Registered Office
13 Hanover Square
London
W1S 1HN
Accountants
Just Right Accountancy ltd
93A Stanley Road
Harrow
HA2 8AY
PROJECT X INITIATIVE LTD
Statement of financial position
as at 31 October 2025
Cash at bank and in hand
92,482
81,638
Creditors: amounts falling due within one year
(69,613)
(71,345)
Net current assets
61,606
52,308
Called up share capital
300
300
Profit and loss account
61,306
52,008
Shareholders' funds
61,606
52,308
For the year ending 31 October 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 31 July 2026 and were signed on its behalf by
Ian David Maude
Director
Company Registration No. 12920570
PROJECT X INITIATIVE LTD
Notes to the Accounts
for the year ended 31 October 2025
PROJECT X INITIATIVE LTD is a private company, limited by shares, registered in England and Wales, registration number 12920570. The registered office is 13 Hanover Square, London, W1S 1HN.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Amounts falling due within one year
Trade debtors
38,972
42,015
5
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
21,665
8,570
Loans from directors
1,160
1,281
Allotted, called up and fully paid:
100 Ordinary A of £1.50 each
150
150
100 Ordinary B of £1.50 each
150
150
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).