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REGISTERED NUMBER: 14957206 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 23 JUNE 2023 TO 30 JUNE 2024

FOR

WE ARE OPTIMISTS LTD

WE ARE OPTIMISTS LTD (REGISTERED NUMBER: 14957206)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 23 June 2023 to 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WE ARE OPTIMISTS LTD

COMPANY INFORMATION
for the Period 23 June 2023 to 30 June 2024







DIRECTORS: Dr C K Howard
Ms R Love





REGISTERED OFFICE: 10 John Street
London
United Kingdom
WC1N 2EB





REGISTERED NUMBER: 14957206 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

WE ARE OPTIMISTS LTD (REGISTERED NUMBER: 14957206)

BALANCE SHEET
30 June 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 28,066
Investments 5 7,916
35,982

CURRENT ASSETS
Debtors 6 120,500
Cash at bank 59,428
179,928
CREDITORS
Amounts falling due within one year 7 100,846
NET CURRENT ASSETS 79,082
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,064

CAPITAL AND RESERVES
Called up share capital 8 1
Retained earnings 115,063
SHAREHOLDERS' FUNDS 115,064

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

WE ARE OPTIMISTS LTD (REGISTERED NUMBER: 14957206)

BALANCE SHEET - continued
30 June 2024


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 Board of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by:





Dr C K Howard - Director


WE ARE OPTIMISTS LTD (REGISTERED NUMBER: 14957206)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 23 June 2023 to 30 June 2024

1. STATUTORY INFORMATION

We Are Optimists Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
- Plant and machinery over a period of three-five years on a straight-line basis.

Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

WE ARE OPTIMISTS LTD (REGISTERED NUMBER: 14957206)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 23 June 2023 to 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 31,145
At 30 June 2024 31,145
DEPRECIATION
Charge for period 3,079
At 30 June 2024 3,079
NET BOOK VALUE
At 30 June 2024 28,066

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 7,916
At 30 June 2024 7,916
NET BOOK VALUE
At 30 June 2024 7,916

During the financial year We Are Optimists Limited invested $10,000 USD into Provocative Science Holdings, LLC, a Delaware Limited Liability Company, via a YCombinator SAFE note.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 120,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 93,731
Other creditors & accruals 7,115
100,846

WE ARE OPTIMISTS LTD (REGISTERED NUMBER: 14957206)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 23 June 2023 to 30 June 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
10,000 A £0.0001 1
2,500 D £0.0001 -
1

The following shares were allotted and fully paid for cash at par during the period:

10,000 A shares of £0.0001 each
2,500 D shares of £0.0001 each

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 June 2024:

£   
Dr C K Howard
Balance outstanding at start of period -
Amounts advanced 120,082
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 120,082

All amounts advanced were repaid within 9 months of the year end.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr C K Howard.