Company No: 00184815 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	0		668,303
		0		668,303
Current assets
Stocks	4	0		35,454
Debtors	5	723,524		47,839
Cash at bank and in hand		2,094		96,759
		725,618		180,052
Creditors: amounts falling due within one year	6	( 61,232)		( 166,216)
Net current assets		664,386		13,836
Total assets less current liabilities		664,386		682,139
Provision for liabilities		0		( 66,368)
Net assets		664,386		615,771
Capital and reserves
Called-up share capital	7	46,350		46,350
Revaluation reserve		0		199,612
Profit and loss account		618,036		369,809
Total shareholder's funds		664,386		615,771

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

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Project Fire 134 Limited (registered number: 00184815) were approved and authorised for issue by the Board of Directors on 13 October 2026. They were signed on its behalf by:

Luke Francis Cain Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Project Fire 134 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Suite 2 Albion House, 2 Etruria Valley Office Village,, Forge Lane Etruria,, Stoke-On-Trent, ST1 5RQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

In 2026 the directors made the decision that the Company would cease trading and that the residual trading activities be transferred to certain fellow group companies. As a result the financial statements have been prepared on a basis other than the going concern basis of preparation. The directors have included in the financial statements any provision for future costs of terminating the business, which were committed to at the balance sheet date and where appropriate the Company's assets have been written down to their net realisable value.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings	5 - 25 years straight line
Plant and machinery	5 - 10 years straight line
Office equipment	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	4		8

3. Tangible assets

	Land and buildings		Plant and machinery		Office equipment		Total
	£		£		£		£
Cost/Valuation
At 01 February 2025	654,621		498,741		85,715		1,239,077
Disposals	( 654,621)		( 498,741)		( 85,715)		( 1,239,077)
At 31 January 2026	0		0		0		0
Accumulated depreciation
At 01 February 2025	25,494		474,625		70,655		570,774
Charge for the financial year	79,985		4,958		2,696		87,639
Disposals	( 105,479)		( 479,583)		( 73,351)		( 658,413)
At 31 January 2026	0		0		0		0
Net book value
At 31 January 2026	0		0		0		0
At 31 January 2025	629,127		24,116		15,060		668,303

During the year, the Company disposed of certain fixed assets to its immediate parent company. The transactions were undertaken on an arm’s length basis and at market value.
The total consideration received amounted to £711,505, resulting in a £175,858, which has been recognised in the profit and loss account as part of the total £169,608 net profit on disposal.

4. Stocks

	2026		2025
	£		£
Work in progress	0		35,454

5. Debtors

	2026		2025
	£		£
Trade debtors	4,721		37,719
Amounts owed by Parent undertakings	716,737		0
Other debtors	2,066		10,120
	723,524		47,839

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	0		971
Taxation and social security	57,752		28,855
Other creditors	3,480		136,390
	61,232		166,216

7. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
46,350 Ordinary shares of £ 1.00 each (2025: 5,150 shares of £ 1.00 each)	46,350		5,150
Nil B ordinary shares (2025: 41,200 shares of £ 1.00 each)	0		41,200
	46,350		46,350