Reality and Beyond Limited 04085232 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is travel agency activities Digita Accounts Production Advanced 6.30.9574.0 true true 04085232 2023-01-01 2023-12-31 04085232 2023-12-31 04085232 bus:OrdinaryShareClass1 2023-12-31 04085232 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 04085232 core:FurnitureFittings 2023-12-31 04085232 bus:SmallEntities 2023-01-01 2023-12-31 04085232 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04085232 bus:FilletedAccounts 2023-01-01 2023-12-31 04085232 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04085232 bus:RegisteredOffice 2023-01-01 2023-12-31 04085232 bus:Director1 2023-01-01 2023-12-31 04085232 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 04085232 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04085232 core:FurnitureFittings 2023-01-01 2023-12-31 04085232 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 04085232 countries:AllCountries 2023-01-01 2023-12-31 04085232 2022-12-31 04085232 core:FurnitureFittings 2022-12-31 04085232 2022-01-01 2022-12-31 04085232 2022-12-31 04085232 bus:OrdinaryShareClass1 2022-12-31 04085232 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 04085232 core:FurnitureFittings 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04085232

Reality and Beyond Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Reality and Beyond Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Reality and Beyond Limited

(Registration number: 04085232)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

10

13

Current assets

 

Cash at bank and in hand

 

2,927

4,417

Creditors: Amounts falling due within one year

5

(2,721)

(18,171)

Net current assets/(liabilities)

 

206

(13,754)

Net assets/(liabilities)

 

216

(13,741)

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

215

(13,742)

Shareholders' funds/(deficit)

 

216

(13,741)

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 her 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.

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 26 November 2024
 

.........................................
L M Abel Smith
Director

 

Reality and Beyond Limited

Notes to the Unaudited 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 & Wales.

The address of its registered office is:
The Old Rectory Church Road
Quenington
Cirencester
Gloucestershire
GL7 5BN
England

These financial statements were authorised for issue by the director on 26 November 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 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 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Reality and Beyond Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

2

Accounting policies (continued)

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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% Straight Line

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Reality and Beyond Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 January 2023

475

475

At 31 December 2023

475

475

Depreciation

At 1 January 2023

462

462

Charge for the year

3

3

At 31 December 2023

465

465

Carrying amount

At 31 December 2023

10

10

At 31 December 2022

13

13

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

1,200

1,200

Other creditors

1,521

16,971

2,721

18,171

 

Reality and Beyond Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

7

Related party transactions

Other transactions with the director

At the year end date, the company owed the director, LM Abel-Smith, a balance of £1,521 (2022 - £6,971).