Real World Group Ltd - Filleted accounts

Registered number

04217644

Real World Group Ltd

Filleted Accounts

31 March 2025

Real World Group Ltd
Registered number:		04217644
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		3,911			9,487
Tangible assets	4		7,178			6,301
Investments	5		1			1
			11,090			15,789

Current assets
Debtors	6	64,775			63,700
Cash at bank and in hand		58,712			154,295
		123,487			217,995

Creditors: amounts falling due within one year	7	(184,472)			(283,240)

Net current liabilities			(60,985)			(65,245)

Total assets less current liabilities			(49,895)			(49,456)

Creditors: amounts falling due after more than one year	8		(3,334)			(13,333)

Provisions for liabilities			-			(1,197)


Net liabilities			(53,229)			(63,986)

Capital and reserves
Called up share capital			1,290			1,290
Share premium			97,710			97,710
Profit and loss account			(152,229)			(162,986)

Shareholders' funds			(53,229)			(63,986)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




S J Alban-Metcalfe
Director
Approved by the board on 30 December 2025

Real World Group Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Computer equipment			over 3 years
	Plant and machinery			at 15% reducing balance
	Fixtures, fittings, tools and equipment			at 10% reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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 the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					3		3


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2024							55,783
	At 31 March 2025							55,783

	Amortisation
	At 1 April 2024							46,296
	Provided during the year							5,576
	At 31 March 2025							51,872

	Net book value
	At 31 March 2025							3,911
	At 31 March 2024							9,487

	Intangible assets are being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Computer equipment		Plant and machinery etc		Fixtures & fittings		Total
£			£		£		£
	Cost
	At 1 April 2024	10,451		8,091		20,836		39,378
	Additions	2,939		-		644		3,583
	Disposals	(2,749)		-		(150)		(2,899)
	At 31 March 2025	10,641		8,091		21,330		40,062

	Depreciation
	At 1 April 2024	8,502		7,905		16,670		33,077
	Charge for the year	1,881		28		679		2,588
	On disposals	(2,704)		-		(77)		(2,781)
	At 31 March 2025	7,679		7,933		17,272		32,884

	Net book value
	At 31 March 2025	2,962		158		4,058		7,178
	At 31 March 2024	1,949		186		4,166		6,301


5	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 April 2024							1

	At 31 March 2025							1


6	Debtors					2025		2024
£							£

	Trade debtors					53,312		55,945
	Other debtors					11,463		7,755
						64,775		63,700


7	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					9,999		10,000
	Trade creditors					12,998		16,983
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					17,208		69,838
	Taxation and social security costs					23,623		30,481
	Other creditors					120,644		155,938
						184,472		283,240


8	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					3,334		13,333


9	Going Concern

	These accounts have been prepared on a going concern basis as the Director's have agreed to support the business for the next accounting period. The company has been under-going a period of investment for growth and the Directors are confident the company will return to normal profitability in the short term.


10	Controlling party

	The ultimate controlling party is SJ Alban-Metcalfe, a director.


11	Other information

	Real World Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	2 The Calls
	Leeds
	West Yorkshire