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Company Registration No. 09651020 (England and Wales)
Possibilities Realised Limited Unaudited accounts for the year ended 31 March 2024
Possibilities Realised Limited Unaudited accounts Contents
Page
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Possibilities Realised Limited Company Information for the year ended 31 March 2024
Director
S Jefferson
Company Number
09651020 (England and Wales)
Registered Office
2 Appletree Way Malton North Yorkshire YO17 7BJ United Kingdom
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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Possibilities Realised Limited Accountants' report
Accountants' report to the director of Possibilities Realised Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Possibilities Realised Limited for the year ended 31 March 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Possibilities Realised Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Possibilities Realised Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Possibilities Realised Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Possibilities Realised Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Possibilities Realised Limited. You consider that Possibilities Realised 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 accounts of Possibilities Realised 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 accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 3 October 2024
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Possibilities Realised Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
664 
472 
Current assets
Debtors
796 
10,796 
Cash at bank and in hand
5,204 
15,655 
6,000 
26,451 
Creditors: amounts falling due within one year
(930)
(930)
Net current assets
5,070 
25,521 
Total assets less current liabilities
5,734 
25,993 
Creditors: amounts falling due after more than one year
(43,630)
(38,632)
Net liabilities
(37,896)
(12,639)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(37,996)
(12,739)
Shareholders' funds
(37,896)
(12,639)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 October 2024 and were signed on its behalf by
S Jefferson Director Company Registration No. 09651020
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Possibilities Realised Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Possibilities Realised Limited is a private company, limited by shares, registered in England and Wales, registration number 09651020. The registered office is 2 Appletree Way, Malton, North Yorkshire, YO17 7BJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on cost
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
2,788 
Additions
500 
At 31 March 2024
3,288 
Depreciation
At 1 April 2023
2,316 
Charge for the year
308 
At 31 March 2024
2,624 
Net book value
At 31 March 2024
664 
At 31 March 2023
472 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
796 
10,796 
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Possibilities Realised Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Accruals
930 
930 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
43,630 
38,632 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
85 Ordinary shares A of £1 each
85 
85 
5 Ordinary shares B of £1 each
5 
5 
5 Ordinary shares C of £1 each
5 
5 
5 Ordinary shares D of £1 each
5 
5 
100 
100 
9
Transactions with related parties
Included in current assets is a related company loan of £10,796 (2022 - £10,796). The loan is interest-free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 1 (2023: 0).
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