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REGISTERED NUMBER: 09920487 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

REALITY CHECK SYSTEMS LIMITED

REALITY CHECK SYSTEMS LIMITED (REGISTERED NUMBER: 09920487)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company information 1

Chartered accountants' report 2

Balance sheet 3

Notes to the financial statements 5


REALITY CHECK SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: J H Van Eeghen





REGISTERED OFFICE: 1-2 Craven Road
London
W5 2UA





REGISTERED NUMBER: 09920487 (England and Wales)





ACCOUNTANTS: Johnsons, Chartered Accountants
1-2 Craven Road
Ealing
London
W5 2UA

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
REALITY CHECK SYSTEMS LIMITED

The following reproduces the text of the report prepared for the director 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 director 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 Check Systems Limited for the year ended 31 December 2023 which comprise the Income statement, Balance sheet 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 director of Reality Check Systems Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Reality Check Systems Limited and state those matters that we have agreed to state to the director of Reality Check Systems Limited 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 Check Systems Limited and its director for our work or for this report.

It is your duty to ensure that Reality Check Systems 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 loss of Reality Check Systems Limited. You consider that Reality Check Systems 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 Check Systems 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.






Johnsons, Chartered Accountants
1-2 Craven Road
Ealing
London
W5 2UA


29 August 2024

REALITY CHECK SYSTEMS LIMITED (REGISTERED NUMBER: 09920487)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 11,485 16,268
Tangible assets 5 659 1,046
12,144 17,314

CURRENT ASSETS
Debtors 6 13,989 5,846
Cash at bank 115,315 152,822
129,304 158,668
CREDITORS
Amounts falling due within one year 7 (18,085 ) (21,923 )
NET CURRENT ASSETS 111,219 136,745
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,363

154,059

CAPITAL AND RESERVES
Called up share capital 8 1 1
Share premium 251,226 251,226
Retained earnings (127,864 ) (97,168 )
SHAREHOLDERS' FUNDS 123,363 154,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 CHECK SYSTEMS LIMITED (REGISTERED NUMBER: 09920487)

BALANCE SHEET - continued
31 DECEMBER 2023


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 director and authorised for issue on 29 August 2024 and were signed by:





J H Van Eeghen - Director


REALITY CHECK SYSTEMS LIMITED (REGISTERED NUMBER: 09920487)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Reality Check Systems 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.

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.

Intellectual property development are being amortised evenly over their estimated useful life of five years.

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 - 20% straight line

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.

REALITY CHECK SYSTEMS LIMITED (REGISTERED NUMBER: 09920487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

RESEARCH AND DEVELOPMENT
The cost of research is written off to the profit and loss account as incurred. Development costs relating to clearly defined projects where costs can be separately identified and where there is reasonable expectation of commercial success are deferred to the extent that such expenditure is recoverable arising from future revenue or reduced costs. The amount deferred is capitalised in the balance sheet as a fixed asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Intellectual
property
developme
£   
COST
At 1 January 2023 212,260
Additions 2,453
At 31 December 2023 214,713
AMORTISATION
At 1 January 2023 195,992
Amortisation for year 7,236
At 31 December 2023 203,228
NET BOOK VALUE
At 31 December 2023 11,485
At 31 December 2022 16,268

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 12,336
DEPRECIATION
At 1 January 2023 11,290
Charge for year 387
At 31 December 2023 11,677
NET BOOK VALUE
At 31 December 2023 659
At 31 December 2022 1,046

REALITY CHECK SYSTEMS LIMITED (REGISTERED NUMBER: 09920487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,178 1,240
Other debtors - 1,220
VAT 104 523
Deferred tax asset 12,707 2,863
13,989 5,846

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 2,397
Tax - 1
Social security and other taxes 1,168 1,168
Directors' current accounts 14,831 14,518
Accrued expenses 2,086 3,839
18,085 21,923

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary shares £0.00 1 1 1