2023-01-012023-12-312023-12-31false13539311PASSION & POSSIBILITY LIMITED2024-09-05iso4217:GBPxbrli:pure135393112023-01-01135393112023-12-31135393112023-01-012023-12-31135393112021-07-30135393112022-12-31135393112021-07-302022-12-3113539311bus:SmallEntities2023-01-012023-12-3113539311bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3113539311bus:AbridgedAccounts2023-01-012023-12-3113539311bus:PrivateLimitedCompanyLtd2023-01-012023-12-3113539311core:WithinOneYear2023-12-3113539311core:AfterOneYear2023-12-3113539311core:WithinOneYear2022-12-3113539311core:AfterOneYear2022-12-3113539311core:ShareCapital2023-12-3113539311core:SharePremium2023-12-3113539311core:RevaluationReserve2023-12-3113539311core:OtherReservesSubtotal2023-12-3113539311core:RetainedEarningsAccumulatedLosses2023-12-3113539311core:ShareCapital2022-12-3113539311core:SharePremium2022-12-3113539311core:RevaluationReserve2022-12-3113539311core:OtherReservesSubtotal2022-12-3113539311core:RetainedEarningsAccumulatedLosses2022-12-3113539311core:LandBuildings2023-12-3113539311core:PlantMachinery2023-12-3113539311core:Vehicles2023-12-3113539311core:FurnitureFittings2023-12-3113539311core:OfficeEquipment2023-12-3113539311core:NetGoodwill2023-12-3113539311core:IntangibleAssetsOtherThanGoodwill2023-12-3113539311core:ListedExchangeTraded2023-12-3113539311core:UnlistedNon-exchangeTraded2023-12-3113539311core:LandBuildings2022-12-3113539311core:PlantMachinery2022-12-3113539311core:Vehicles2022-12-3113539311core:FurnitureFittings2022-12-3113539311core:OfficeEquipment2022-12-3113539311core:NetGoodwill2022-12-3113539311core:IntangibleAssetsOtherThanGoodwill2022-12-3113539311core:ListedExchangeTraded2022-12-3113539311core:UnlistedNon-exchangeTraded2022-12-3113539311core:LandBuildings2023-01-012023-12-3113539311core:PlantMachinery2023-01-012023-12-3113539311core:Vehicles2023-01-012023-12-3113539311core:FurnitureFittings2023-01-012023-12-3113539311core:OfficeEquipment2023-01-012023-12-3113539311core:NetGoodwill2023-01-012023-12-3113539311core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3113539311core:ListedExchangeTraded2023-01-012023-12-3113539311core:UnlistedNon-exchangeTraded2023-01-012023-12-3113539311core:MoreThanFiveYears2023-01-012023-12-3113539311core:Non-currentFinancialInstruments2023-12-3113539311core:Non-currentFinancialInstruments2022-12-3113539311dpl:CostSales2023-01-012023-12-3113539311dpl:DistributionCosts2023-01-012023-12-3113539311core:LandBuildings2023-01-012023-12-3113539311core:PlantMachinery2023-01-012023-12-3113539311core:Vehicles2023-01-012023-12-3113539311core:FurnitureFittings2023-01-012023-12-3113539311core:OfficeEquipment2023-01-012023-12-3113539311dpl:AdministrativeExpenses2023-01-012023-12-3113539311core:NetGoodwill2023-01-012023-12-3113539311core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3113539311dpl:GroupUndertakings2023-01-012023-12-3113539311dpl:ParticipatingInterests2023-01-012023-12-3113539311dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3113539311core:ListedExchangeTraded2023-01-012023-12-3113539311dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3113539311core:UnlistedNon-exchangeTraded2023-01-012023-12-3113539311dpl:CostSales2021-07-302022-12-3113539311dpl:DistributionCosts2021-07-302022-12-3113539311core:LandBuildings2021-07-302022-12-3113539311core:PlantMachinery2021-07-302022-12-3113539311core:Vehicles2021-07-302022-12-3113539311core:FurnitureFittings2021-07-302022-12-3113539311core:OfficeEquipment2021-07-302022-12-3113539311dpl:AdministrativeExpenses2021-07-302022-12-3113539311core:NetGoodwill2021-07-302022-12-3113539311core:IntangibleAssetsOtherThanGoodwill2021-07-302022-12-3113539311dpl:GroupUndertakings2021-07-302022-12-3113539311dpl:ParticipatingInterests2021-07-302022-12-3113539311dpl:GroupUndertakingscore:ListedExchangeTraded2021-07-302022-12-3113539311core:ListedExchangeTraded2021-07-302022-12-3113539311dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-07-302022-12-3113539311core:UnlistedNon-exchangeTraded2021-07-302022-12-3113539311core:NetGoodwill2023-12-3113539311core:IntangibleAssetsOtherThanGoodwill2023-12-3113539311core:LandBuildings2023-12-3113539311core:PlantMachinery2023-12-3113539311core:Vehicles2023-12-3113539311core:FurnitureFittings2023-12-3113539311core:OfficeEquipment2023-12-3113539311core:AfterOneYear2023-12-3113539311core:WithinOneYear2023-12-3113539311core:ListedExchangeTraded2023-12-3113539311core:UnlistedNon-exchangeTraded2023-12-3113539311core:ShareCapital2023-12-3113539311core:SharePremium2023-12-3113539311core:RevaluationReserve2023-12-3113539311core:OtherReservesSubtotal2023-12-3113539311core:RetainedEarningsAccumulatedLosses2023-12-3113539311core:NetGoodwill2022-12-3113539311core:IntangibleAssetsOtherThanGoodwill2022-12-3113539311core:LandBuildings2022-12-3113539311core:PlantMachinery2022-12-3113539311core:Vehicles2022-12-3113539311core:FurnitureFittings2022-12-3113539311core:OfficeEquipment2022-12-3113539311core:AfterOneYear2022-12-3113539311core:WithinOneYear2022-12-3113539311core:ListedExchangeTraded2022-12-3113539311core:UnlistedNon-exchangeTraded2022-12-3113539311core:ShareCapital2022-12-3113539311core:SharePremium2022-12-3113539311core:RevaluationReserve2022-12-3113539311core:OtherReservesSubtotal2022-12-3113539311core:RetainedEarningsAccumulatedLosses2022-12-3113539311core:NetGoodwill2021-07-3013539311core:IntangibleAssetsOtherThanGoodwill2021-07-3013539311core:LandBuildings2021-07-3013539311core:PlantMachinery2021-07-3013539311core:Vehicles2021-07-3013539311core:FurnitureFittings2021-07-3013539311core:OfficeEquipment2021-07-3013539311core:AfterOneYear2021-07-3013539311core:WithinOneYear2021-07-3013539311core:ListedExchangeTraded2021-07-3013539311core:UnlistedNon-exchangeTraded2021-07-3013539311core:ShareCapital2021-07-3013539311core:SharePremium2021-07-3013539311core:RevaluationReserve2021-07-3013539311core:OtherReservesSubtotal2021-07-3013539311core:RetainedEarningsAccumulatedLosses2021-07-3013539311core:AfterOneYear2023-01-012023-12-3113539311core:WithinOneYear2023-01-012023-12-3113539311core:Non-currentFinancialInstrumentscore:CostValuation2023-01-012023-12-3113539311core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-012023-12-3113539311core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-012023-12-3113539311core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-012023-12-3113539311core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-012023-12-3113539311core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-012023-12-3113539311core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3113539311core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3113539311core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3113539311core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3113539311core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3113539311core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3113539311core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3113539311core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3113539311core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3113539311core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3113539311core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3113539311core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3113539311core:Non-currentFinancialInstrumentscore:CostValuation2022-12-3113539311core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-3113539311core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-3113539311core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-3113539311core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-3113539311core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-3113539311core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-3113539311core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-3113539311core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-3113539311bus:Director12023-01-012023-12-3113539311bus:Director22023-01-012023-12-311353931112023-01-012023-12-31

PASSION & POSSIBILITY LIMITED

Registered Number
13539311
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

PASSION & POSSIBILITY LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

Cassi Ozen
Russell Field

Registered Address

57 Cottenham Park Road
London
SW20 0DR

Registered Number

13539311 (England and Wales)
PASSION & POSSIBILITY LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investments31,5001,500
1,5001,500
Current assets
Debtors393100
Cash at bank and on hand182,247127,622
182,640127,722
Creditors amounts falling due within one year(506)(600)
Net current assets (liabilities)182,134127,122
Total assets less current liabilities183,634128,622
Net assets183,634128,622
Capital and reserves
Called up share capital100100
Profit and loss account183,534128,522
Shareholders' funds183,634128,622
The financial statements were approved and authorised for issue by the Board of Directors on 5 September 2024, and are signed on its behalf by:
Cassi Ozen
Director
Registered Company No. 13539311
PASSION & POSSIBILITY LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales, under the Companies Act 2006. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A (Small Entities) and on a historical cost basis. The preparation of financial statements in compliance with FRS 102 Section 1A (Small Entities) may require the use of certain critical accounting estimates. It may also require management to exercise judgement in applying the accounting policies. However, in respect of the particular financial period covered by these financial statements and the previous period the directors do not consider that there were any such significant estimates or judgements required in the preparation of the financial statements. The principal accounting policies, which were applied consistently during the period, are set out below.
Dividend income
Dividend income from the company's equity investment is recognised when received by the company.
Current taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the period. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the reporting date.
Deferred tax
Deferred tax balances are recognised in respect of all significant timing differences that have originated but not reversed by the balance sheet date, except that the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future suitable taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of any timing differences.
Investments
The company's investment in a UK private company, which is considered to be an associated company, was measured initially at acquisition at cost and thereafter has been measured at cost less identified impairment losses, if any.
Financial instruments
The company's cash at bank and in hand and any other debtor balances and other creditor balances are measured initially at the transaction price, including any transaction costs, and subsequently at amortised cost. Debt instruments that are payable or receivable within one year are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. The company's cash and cash equivalents currently comprise cash at bank and in hand.
2.Average number of employees
The number stated below is the average number of employees of the company, including the directors, during the relevant period.

20232022
Average number of employees during the year22
3.Fixed asset investments
On 6 August 2021 the company acquired 1,500 ordinary shares in (Ca)nnection Limited, a company incorporated in England, for a total consideration of £1,500. At 31 December 2023 the company has a voting interest of 23% (31 December 2022: 23%) in the investee company.

Total

£
Cost or valuation
At 01 January 231,500
At 31 December 231,500
Net book value
At 31 December 231,500
At 31 December 221,500
4.Events after reporting date
There have been no significant events or transactions subsequent to the balance sheet date requiring disclosure.
5.Related party transactions
At 31 December 2023 creditors include £6 (2022: £100) due from (Ca)nnection Limited, the company's associated undertaking. Any monetary transactions that take place with the directors, member and related undertakings in any period are undertaken under normal market conditions, unless otherwise stated.
6.Parent-subsidiary relationships
The company has no parent or subsidiary undertakings.