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REGISTERED NUMBER: 04705017 (England and Wales)















REALIZATION LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






REALIZATION LTD (REGISTERED NUMBER: 04705017)

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


REALIZATION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Ms E Carrighan
A M Ward





SECRETARY: Ms E Carrighan





REGISTERED OFFICE: 15 Bilbrook Lane
Furzton
Milton Keynes
Buckinghamshire
MK4 1LW





REGISTERED NUMBER: 04705017 (England and Wales)





ACCOUNTANTS: Higginson & Co (UK) Ltd
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

REALIZATION LTD (REGISTERED NUMBER: 04705017)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,666 2,996

CURRENT ASSETS
Debtors 5 79,102 83,115
Cash at bank 126,897 135,929
205,999 219,044
CREDITORS
Amounts falling due within one year 6 18,928 41,048
NET CURRENT ASSETS 187,071 177,996
TOTAL ASSETS LESS CURRENT
LIABILITIES

189,737

180,992

PROVISIONS FOR LIABILITIES 7 667 749
NET ASSETS 189,070 180,243

CAPITAL AND RESERVES
Called up share capital 8 204 204
Retained earnings 188,866 180,039
SHAREHOLDERS' FUNDS 189,070 180,243

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.

REALIZATION LTD (REGISTERED NUMBER: 04705017)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:




Ms E Carrighan - Director



A M Ward - Director


REALIZATION LTD (REGISTERED NUMBER: 04705017)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Realization 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.

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.
Fixtures and fittings - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

REALIZATION LTD (REGISTERED NUMBER: 04705017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 17,120 13,078 30,198
Additions 464 - 464
At 31 March 2024 17,584 13,078 30,662
DEPRECIATION
At 1 April 2023 14,487 12,715 27,202
Charge for year 703 91 794
At 31 March 2024 15,190 12,806 27,996
NET BOOK VALUE
At 31 March 2024 2,394 272 2,666
At 31 March 2023 2,633 363 2,996

5. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 14,752 18,724
Other debtors 2,750 2,750
Prepayments and accrued income 100 141
17,602 21,615

Amounts falling due after more than one year:
Other debtors 61,500 61,500

Aggregate amounts 79,102 83,115

Included in other debtors due after more than one year is an amount of £61500 advanced to Award Property Group Limited. A company incorporated in England & Wales which is under the control of the directors.

REALIZATION LTD (REGISTERED NUMBER: 04705017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Corporation tax 11,600 29,072
Social security and other taxes 342 91
VAT 1,391 5,838
Directors' current accounts 3,449 2,241
Accrued expenses 2,146 3,806
18,928 41,048

7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 667 749

Deferred
tax
£   
Balance at 1 April 2023 749
Accelerated capital allowances (82 )
Balance at 31 March 2024 667

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100
100 Ordinary A £1 100 100
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
1 Ordinary E £1 1 1
204 204