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REGISTERED NUMBER: 07517569 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2022

for

Potential Realised Limited

Potential Realised Limited (Registered number: 07517569)

Contents of the Financial Statements
for the Year Ended 28 February 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Potential Realised Limited

Company Information
for the Year Ended 28 February 2022







DIRECTORS: I D Williams
Mrs K L Williams





REGISTERED OFFICE: 7 Bower Road
Wrecclesham
Farnham
Surrey
GU10 4ST





REGISTERED NUMBER: 07517569 (England and Wales)





ACCOUNTANTS: Lime Accountancy Limited
7 Bower Road
Wrecclesham
Farnham
Surrey
GU10 4ST

Potential Realised Limited (Registered number: 07517569)

Balance Sheet
28 February 2022

28/2/22 28/2/21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,772 3,198

CURRENT ASSETS
Debtors 5 6,737 -
Cash at bank 61,637 79,816
68,374 79,816
CREDITORS
Amounts falling due within one year 6 2,757 2,364
NET CURRENT ASSETS 65,617 77,452
TOTAL ASSETS LESS CURRENT LIABILITIES 68,389 80,650

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 68,289 80,550
SHAREHOLDERS' FUNDS 68,389 80,650

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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 26 August 2022 and were signed on its behalf by:





I D Williams - Director


Potential Realised Limited (Registered number: 07517569)

Notes to the Financial Statements
for the Year Ended 28 February 2022


1. STATUTORY INFORMATION

Potential Realised 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2021 9,158
Additions 499
At 28 February 2022 9,657
DEPRECIATION
At 1 March 2021 5,960
Charge for year 925
At 28 February 2022 6,885
NET BOOK VALUE
At 28 February 2022 2,772
At 28 February 2021 3,198

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/22 28/2/21
£    £   
Trade debtors 6,000 -
Directors' current accounts 737 -
6,737 -

Potential Realised Limited (Registered number: 07517569)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/22 28/2/21
£    £   
Tax 1,644 -
Directors' current accounts - 951
Accrued expenses 1,113 1,413
2,757 2,364