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REGISTERED NUMBER: 03503402 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

REALITY GLOBAL LIMITED

REALITY GLOBAL LIMITED (REGISTERED NUMBER: 03503402)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

REALITY GLOBAL LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: T J Potter
J A Potter





SECRETARY: T J Potter





REGISTERED OFFICE: Suite 5
Kingfisher Court
Bellbrook Industrial Estate
Uckfield
East Sussex
TN22 1QQ





REGISTERED NUMBER: 03503402 (England and Wales)





ACCOUNTANTS: BSR Bespoke Chartered Accountants
Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH

REALITY GLOBAL LIMITED (REGISTERED NUMBER: 03503402)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,851 16,973
Tangible assets 5 64,445 36,016
Investments 6 199,695 173,673
278,991 226,662

CURRENT ASSETS
Debtors 7 458,007 192,864
Cash at bank and in hand 820,619 938,838
1,278,626 1,131,702
CREDITORS
Amounts falling due within one year 8 326,240 267,304
NET CURRENT ASSETS 952,386 864,398
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,231,377

1,091,060

CAPITAL AND RESERVES
Called up share capital 60 60
Retained earnings 1,231,317 1,091,000
SHAREHOLDERS' FUNDS 1,231,377 1,091,060

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

REALITY GLOBAL LIMITED (REGISTERED NUMBER: 03503402)

BALANCE SHEET - continued
31 March 2024


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 28 August 2024 and were signed on its behalf by:




T J Potter - Director



J A Potter - Director


REALITY GLOBAL LIMITED (REGISTERED NUMBER: 03503402)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Reality Global 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
Judgement has been used in estimating useful economic lives and in using residual values for calculating depreciation.

Turnover
Revenue is recognised when it is probable that future economic benefits will flow to the company from the provision of contracts for the sale of services and is measured as the fair value of consideration which the company expects to receive from those transactions. Revenue is recognised from the provision of services as the value of services provided is delivered to the customer. Where the normal criteria for the recognition of revenue are not met or are varied, then revenue is recognised at the point when control has passed to the customer which could be when legal title has passed to the customer or when the business has a right to payment such as on delivery or when cash payment has been made to the company.

When the outcome of a services contract can be estimated reliably, contract revenue and associated expenditure are recognised by reference to the stage of completion of the contract at the reporting date.

When the outcome of a services contract cannot be estimated reliably, contract revenue shall only be recognised to the extent of the amount of associated expenditure incurred and it is probable that the contract revenue will be recoverable.

Provision will be made for all losses arising from a services contract where it is probable that current and future contract expenditure exceeds contract revenue.

Revenue is recognised net of returns and of trade discounts and is shown exclusive of value added tax.

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.

Domain names are being amortised evenly over their 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.
Improvements to property - 10% on reducing balance
Plant and machinery - 20% on reducing balance

REALITY GLOBAL LIMITED (REGISTERED NUMBER: 03503402)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company enters into basic financial instruments that give rise to financial assets and financial liabilities including trade and other debtors, trade and other creditors, bank account balances, bank loans and other loans and borrowings and investments in certain non puttable and non convertible equity instruments.

Debt instruments which are not payable or receivable within one year are initially accounted for at the transaction price and are subsequently accounted for at amortised cost using the effective interest method. Debt instruments payable and receivable within one year are measured at their undiscounted cash amounts. Where the debt instruments are treated as a financing transaction, then the financial asset or liability is measured at the present value of future cash flows based on a market rate of interest. Debt instruments which are treated as financial assets and accounted for at amortised cost are also assessed for impairment.

Equity instruments are initially accounted for at transaction price. They are subsequently accounted for at cost unless they can be accounted for at fair value based on a readily available market price or fair value. Equity instruments which are treated as financial assets and accounted for at cost are also assessed for impairment.

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.

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.

Investment in coins
Investments in Royal Mint coins are initially measured at cost. After initial recognition, the investment is measured at fair value with movements in fair value recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

REALITY GLOBAL LIMITED (REGISTERED NUMBER: 03503402)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


4. INTANGIBLE FIXED ASSETS
Domain
names
£   
COST
At 1 April 2023
and 31 March 2024 21,217
AMORTISATION
At 1 April 2023 4,244
Amortisation for year 2,122
At 31 March 2024 6,366
NET BOOK VALUE
At 31 March 2024 14,851
At 31 March 2023 16,973

5. TANGIBLE FIXED ASSETS
Improvem- Fixtures
ents to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 10,826 99,985 3,206 53,838 167,855
Additions - - 21,181 27,533 48,714
Disposals - - (338 ) (11,447 ) (11,785 )
At 31 March 2024 10,826 99,985 24,049 69,924 204,784
DEPRECIATION
At 1 April 2023 9,980 95,149 1,850 24,860 131,839
Charge for year 85 968 4,563 10,482 16,098
Eliminated on disposal - - (306 ) (7,292 ) (7,598 )
At 31 March 2024 10,065 96,117 6,107 28,050 140,339
NET BOOK VALUE
At 31 March 2024 761 3,868 17,942 41,874 64,445
At 31 March 2023 846 4,836 1,356 28,978 36,016

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.3.24 31.3.23
£    £   
Other investments 199,695 173,673

REALITY GLOBAL LIMITED (REGISTERED NUMBER: 03503402)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 152,483 107,406
Amounts due from associates 201,021 361
Other debtors 104,503 85,097
458,007 192,864

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 6,630 3,035
Taxation and social security 287,860 227,076
Other creditors 31,750 37,193
326,240 267,304

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 22,917 19,581
Between one and five years 63,368 -
86,285 19,581

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
T J Potter
Balance outstanding at start of year 26,599 25,812
Amounts advanced 3,290 35,787
Amounts repaid (337 ) (35,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,552 26,599

J A Potter
Balance outstanding at start of year 33,263 -
Amounts advanced 254,050 233,263
Amounts repaid (250,312 ) (200,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 37,001 33,263

REALITY GLOBAL LIMITED (REGISTERED NUMBER: 03503402)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Interest is charged on all loans to directors at the official rate of interest.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
REALITY GLOBAL LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Reality Global Limited for the year ended 31 March 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Reality Global Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Reality Global Limited and state those matters that we have agreed to state to the Board of Directors of Reality Global Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Reality Global Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Reality Global Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Reality Global Limited. You consider that Reality Global Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Reality Global Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BSR Bespoke Chartered Accountants
Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH


28 August 2024