IRIS Accounts Production v26.1.10.61 09742897 Board of Directors 1.2.25 31.1.26 31.1.26 false true false false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 09742897 2025-01-31 09742897 2026-01-31 09742897 2025-02-01 2026-01-31 09742897 2024-01-31 09742897 2024-02-01 2025-01-31 09742897 2025-01-31 09742897 ns15:EnglandWales 2025-02-01 2026-01-31 09742897 ns14:PoundSterling 2025-02-01 2026-01-31 09742897 ns10:Director1 2025-02-01 2026-01-31 09742897 ns10:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 09742897 ns10:SmallEntities 2025-02-01 2026-01-31 09742897 ns10:AuditExempt-NoAccountantsReport 2025-02-01 2026-01-31 09742897 ns10:SmallCompaniesRegimeForDirectorsReport 2025-02-01 2026-01-31 09742897 ns10:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 09742897 ns10:FullAccounts 2025-02-01 2026-01-31 09742897 1 2025-02-01 2026-01-31 09742897 ns10:OrdinaryShareClass1 2025-02-01 2026-01-31 09742897 ns10:Director2 2025-02-01 2026-01-31 09742897 ns10:RegisteredOffice 2025-02-01 2026-01-31 09742897 ns5:CurrentFinancialInstruments 2026-01-31 09742897 ns5:CurrentFinancialInstruments 2025-01-31 09742897 ns5:Non-currentFinancialInstruments 2026-01-31 09742897 ns5:Non-currentFinancialInstruments 2025-01-31 09742897 ns5:ShareCapital 2026-01-31 09742897 ns5:ShareCapital 2025-01-31 09742897 ns5:RetainedEarningsAccumulatedLosses 2026-01-31 09742897 ns5:RetainedEarningsAccumulatedLosses 2025-01-31 09742897 ns5:PatentsTrademarksLicencesConcessionsSimilar 2025-02-01 2026-01-31 09742897 ns5:PatentsTrademarksLicencesConcessionsSimilar 2025-01-31 09742897 ns5:PatentsTrademarksLicencesConcessionsSimilar 2026-01-31 09742897 ns5:PatentsTrademarksLicencesConcessionsSimilar 2025-01-31 09742897 ns5:PlantMachinery 2025-01-31 09742897 ns5:FurnitureFittings 2025-01-31 09742897 ns5:ComputerEquipment 2025-01-31 09742897 ns5:PlantMachinery 2025-02-01 2026-01-31 09742897 ns5:FurnitureFittings 2025-02-01 2026-01-31 09742897 ns5:ComputerEquipment 2025-02-01 2026-01-31 09742897 ns5:PlantMachinery 2026-01-31 09742897 ns5:FurnitureFittings 2026-01-31 09742897 ns5:ComputerEquipment 2026-01-31 09742897 ns5:PlantMachinery 2025-01-31 09742897 ns5:FurnitureFittings 2025-01-31 09742897 ns5:ComputerEquipment 2025-01-31 09742897 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-01-31 09742897 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-01-31 09742897 ns5:CurrentFinancialInstruments 2025-02-01 2026-01-31 09742897 ns5:Secured 2026-01-31 09742897 ns5:Secured 2025-01-31 09742897 ns10:OrdinaryShareClass1 2026-01-31

REGISTERED NUMBER: 09742897 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 January 2026 |

| for |

| Possibility Of London Ltd |

| Possibility Of London Ltd (Registered number: 09742897) |

Contents of the Financial Statements

for the Year Ended 31 January 2026

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

| Possibility Of London Ltd |

Company Information

for the Year Ended 31 January 2026

| DIRECTORS: | N G Gaughan

| B V Gaughan

| REGISTERED OFFICE: | 20-22 Wenlock Road

| London

| N1 7GU

| REGISTERED NUMBER: | 09742897 (England and Wales)

| ACCOUNTANTS: | Wright Vigar Limited

| Chartered Accountants & Business Advisers

| 15 Newland

| Lincoln

| Lincolnshire

| LN1 1XG

| Possibility Of London Ltd (Registered number: 09742897) |

Statement of Financial Position

31 January 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 8,770 |  | 8,770 |  |

Tangible assets | 5 | 5,884 |  | 3,348 |  |

14,654 |  | 12,118 |  |

CURRENT ASSETS

Stocks | 6 | 102,219 |  | 177,948 |  |

Debtors | 7 | 223,171 |  | 197,138 |  |

Cash at bank | 10,374 |  | - |  |

335,764 |  | 375,086 |  |

CREDITORS

Amounts falling due within one year | 8 | 234,834 |  | 318,464 |  |

NET CURRENT ASSETS | 100,930 |  | 56,622 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 115,584 |  | 68,740 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (57,643 | ) | (32,186 | ) |

PROVISIONS FOR LIABILITIES | (1,118 | ) | (636 | ) |

NET ASSETS | 56,823 |  | 35,918 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 2 |  | 2 |  |

Retained earnings | 56,821 |  | 35,916 |  |

SHAREHOLDERS' FUNDS | 56,823 |  | 35,918 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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.

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 26 June 2026 and were signed on its behalf by:

B V Gaughan - Director

| Possibility Of London Ltd (Registered number: 09742897) |

Notes to the Financial Statements

for the Year Ended 31 January 2026

1. | STATUTORY INFORMATION

| Possibility Of London 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 for goods supplied and services rendered, net of discounts and Value Added Tax.

| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

| Intangible assets

| Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

| Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

| Tangible assets

| Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

| An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

| Depreciation

| Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery - 25% reducing balance

| Fixtures and fittings - 20% straight line

| Equipment - 20% straight line

| Stocks

| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

| Possibility Of London Ltd (Registered number: 09742897) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

2. | ACCOUNTING POLICIES - continued

| 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, loans to related parties and investments in ordinary shares.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

| Taxation

| Taxation for the year 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Operating leases

| Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2025 - 4 ) .

| Possibility Of London Ltd (Registered number: 09742897) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

4. | INTANGIBLE FIXED ASSETS

| Patents,

| trademarks

| & licences

£ |

| COST

| At 1 February 2025

| and 31 January 2026 | 8,770 |  |

| NET BOOK VALUE

| At 31 January 2026 | 8,770 |  |

| At 31 January 2025 | 8,770 |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |

| machinery |  | fittings |  | Equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 February 2025 | 8,510 |  | 944 |  | 5,272 |  | 14,726 |  |

| Additions | 1,172 |  | - |  | 2,800 |  | 3,972 |  |

| At 31 January 2026 | 9,682 |  | 944 |  | 8,072 |  | 18,698 |  |

| DEPRECIATION

| At 1 February 2025 | 5,601 |  | 682 |  | 5,095 |  | 11,378 |  |

| Charge for year | 832 |  | 102 |  | 502 |  | 1,436 |  |

| At 31 January 2026 | 6,433 |  | 784 |  | 5,597 |  | 12,814 |  |

| NET BOOK VALUE

| At 31 January 2026 | 3,249 |  | 160 |  | 2,475 |  | 5,884 |  |

| At 31 January 2025 | 2,909 |  | 262 |  | 177 |  | 3,348 |  |

6. | STOCKS

2026 | 2025 |

£ | £ |

| Stocks | 102,219 |  | 177,948 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Trade debtors | 171,527 |  | 158,622 |  |

| Other debtors | 51,644 |  | 38,516 |  |

223,171 |  | 197,138 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Bank loans and overdrafts | 8,000 |  | 49,873 |  |

| Trade creditors | 36,944 |  | 48,432 |  |

| Taxation and social security | 33,481 |  | 59,819 |  |

| Other creditors | 156,409 |  | 160,340 |  |

234,834 |  | 318,464 |  |

| The advances under the invoice discounting facility amounting to £110,169 (2025: £120,980), and included in creditors, are secured on the assets of the company.

| Possibility Of London Ltd (Registered number: 09742897) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2026 | 2025 |

£ | £ |

| Bank loans | 26,954 |  | 32,186 |  |

| Other creditors | 30,689 |  | - |  |

57,643 |  | 32,186 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Other loans more 5yrs | 3,490 |  | - |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2026 | 2025 |

£ | £ |

| Bank loans | 34,954 |  | 42,186 |  |

| The Bounce Back Loan scheme is secured against a guarantee by the bank in which the bank guarantees the repayment of the loan if the client was to default on this loan.

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2026 | 2025 |

| value: | £ | £ |

| 2 | Ordinary | £1 | 2 |  | 2 |  |