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Registered number: 04294050 NEW POSSIBILITIES LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
NEW POSSIBILITIES LIMITED CONTENTS
| Page
Balance sheet | 1
Notes to the financial statements | 2 - 6
NEW POSSIBILITIES LIMITED REGISTERED NUMBER: 04294050 BALANCE SHEET AS AT 30 NOVEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 3,952 |  | 7,200
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 12,945 |  | 27,632 |
Cash at bank and in hand |  | 28,412 |  | 15,666 |
|  | 41,357 |  | 43,298 |
Creditors: amounts falling due within one year | 6 | (32,538) |  | (30,342) |
Net current assets |  |  | 8,819 |  | 12,956
Total assets less current liabilities |  |  | 12,771 |  | 20,156
Provisions for liabilities |  |  |  |  |
Deferred tax |  |  | (988) |  | (1,800)
Net assets |  |  | 11,783 |  | 18,356
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | 11,683 |  | 18,256
|  |  | 11,783 |  | 18,356
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 June 2026.
A.R. Geyer
Director
The notes on pages 2 to 6 form part of these financial statements. Page 1
NEW POSSIBILITIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
1. | General information
New Possibilites Limited (the Company) is a private company limited by shares, incorporated and domiciled in England. The address of the registered office is Ground Floor, 35 Newhall Street, Birmingham, West Midlands, United Kingdom, B3 3PU. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are presented in Sterling (£). The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.3 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 2
NEW POSSIBILITIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025 2.Accounting policies (continued)
| 2.3 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the following methods. Depreciation is provided on the following basis:
|  |  |  | Short term leasehold property | - | 20% straight line
|  |  |  | Motor vehicles | - | 25% reducing balance
|  |  |  | Fixtures, fittings and equipment | - | 20% straight line
|  |  |  | Computer equipment | - | 33.33% straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.4 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.5 | Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
| 2.6 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.7 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders. Page 3
NEW POSSIBILITIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025 2.Accounting policies (continued)
| 2.8 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.9 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
Page 4
NEW POSSIBILITIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
4. | Tangible fixed assets
|  | Short term leasehold property | Motor vehicles | Fixtures, fittings and equipment | Computer equipment | Total
|  | £ | £ | £ | £ | £
| Cost |  |  |  |  |
| At 1 December 2024 | 13,228 | 27,490 | 8,020 | 26,497 | 75,235
| Additions | - | - | 369 | - | 369
| Disposals | - | - | (304) | (6,825) | (7,129)
| At 30 November 2025 | 13,228 | 27,490 | 8,085 | 19,672 | 68,475
| Depreciation |  |  |  |  |
| At 1 December 2024 | 13,228 | 23,611 | 6,959 | 24,237 | 68,035
| Charge for the year on owned assets | - | 970 | 387 | 2,260 | 3,617
| Disposals | - | - | (304) | (6,825) | (7,129)
| At 30 November 2025 | 13,228 | 24,581 | 7,042 | 19,672 | 64,523
| Net book value |  |  |  |  |
| At 30 November 2025 | - | 2,909 | 1,043 | - | 3,952
| At 30 November 2024 | - | 3,879 | 1,061 | 2,260 | 7,200
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 1,688 | 15,087
| Other debtors | 11,000 | 12,000
| Prepayments and accrued income | 257 | 545
|  | 12,945 | 27,632
Page 5
NEW POSSIBILITIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 561 | 1,690
| Corporation tax | 10,749 | 7,635
| Other taxation and social security | 2,571 | 2,723
| Accruals and deferred income | 18,657 | 18,294
|  | 32,538 | 30,342
7. | Director's benefits: advances, credit and guarantees.
At the balance sheet date £5,500 was owed by a director (2024: £6,000). Payments of £12,000 were made to the director (2024: £11,750) and £12,500 (2024: £12,500) was repaid in the year. The maximum balance outstanding during the year was £9,000 (2024: £9,750). The loan was unsecured, interest-free and repayable on demand. At the balance sheet date £5,500 was owed by another director (2024: £6,000). Payments of £12,000 were made to the director (2024: £11,750). and £12,500 (2024: £12,500) was repaid in the year The maximum balance outstanding during the year was £9,000 (2024: £9,750). The loan was unsecured, interest-free and repayable on demand.
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