POSITIVE EQUITIES LTD 06022907 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of property management and related services. Digita Accounts Production Advanced 6.30.9574.0 true true 06022907 2023-01-01 2023-12-31 06022907 2023-12-31 06022907 bus:OrdinaryShareClass1 2023-12-31 06022907 core:CurrentFinancialInstruments 2023-12-31 06022907 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 06022907 core:FurnitureFittingsToolsEquipment 2023-12-31 06022907 bus:SmallEntities 2023-01-01 2023-12-31 06022907 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 06022907 bus:FilletedAccounts 2023-01-01 2023-12-31 06022907 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06022907 bus:RegisteredOffice 2023-01-01 2023-12-31 06022907 bus:CompanySecretary1 2023-01-01 2023-12-31 06022907 bus:Director1 2023-01-01 2023-12-31 06022907 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 06022907 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06022907 core:FurnitureFittings 2023-01-01 2023-12-31 06022907 countries:EnglandWales 2023-01-01 2023-12-31 06022907 2022-12-31 06022907 core:FurnitureFittingsToolsEquipment 2022-12-31 06022907 2022-01-01 2022-12-31 06022907 2022-12-31 06022907 bus:OrdinaryShareClass1 2022-12-31 06022907 core:CurrentFinancialInstruments 2022-12-31 06022907 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 06022907 core:FurnitureFittingsToolsEquipment 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06022907

POSITIVE EQUITIES LTD

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 December 2023

 

POSITIVE EQUITIES LTD

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

POSITIVE EQUITIES LTD

Company Information

Director

Mr N R Penfold

Company secretary

Mrs E Jenas

Registered office

42 Camlet Way
Barnet
Herts
EN4 0NS

Accountants

Mawson Breskal & Co
Chartered Accountants
6 Parkgate Avenue
Barnet
Herts
EN4 0NR

 

POSITIVE EQUITIES LTD

(Registration number: 06022907)
Abridged Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1

1

Current assets

 

Debtors

5

11,616

1,615

Cash at bank and in hand

 

5,985

16,374

 

17,601

17,989

Creditors: Amounts falling due within one year

(40,491)

(40,491)

Net current liabilities

 

(22,890)

(22,502)

Net liabilities

 

(22,889)

(22,501)

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

(22,890)

(22,502)

Shareholders' deficit

 

(22,889)

(22,501)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 August 2024
 

.........................................
Mr N R Penfold
Director

 

POSITIVE EQUITIES LTD

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
42 Camlet Way
Barnet
Herts
EN4 0NS
United Kingdom

These financial statements were authorised for issue by the director on 27 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. As at 31st December 2023 the company's liablities exceeded its assets by £22,889 and as such relies on the support of its director to continue trading. It is with this support that director consider it appropriate to prepare the accounts on a going concenr basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% reducing balance.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

POSITIVE EQUITIES LTD

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including any director under contract) during the year, was 0 (2022 - 0).

 

POSITIVE EQUITIES LTD

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

680

680

At 31 December 2023

680

680

Depreciation

At 1 January 2023

679

679

At 31 December 2023

679

679

Carrying amount

At 31 December 2023

1

1

At 31 December 2022

1

1

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1