PASSION & POSSIBILITY LIMITED


Directors	Russell Field
	Cassi Ozen


Registered Address	57 Cottenham Park Road
	London
	SW20 0DR


Registered Number	13539311 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investments	3		1,500		1,500
			1,500		1,500
Current assets
Debtors		393		393
Current asset investments	4	152,299		73,944
Cash at bank and on hand		167,463		213,526
		320,155		287,863
Creditors amounts falling due within one year		(1,635)		(739)
Net current assets (liabilities)			318,520		287,124
Total assets less current liabilities			320,020		288,624
Net assets			320,020		288,624
Capital and reserves
Called up share capital			100		100
Revaluation reserve			(2,701)		(1,056)
Profit and loss account			322,621		289,580
Shareholders' funds			320,020		288,624

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 17 September 2026, and are signed on its behalf by:

Cassi Ozen
Director
Registered Company No. 13539311

PASSION & POSSIBILITY LIMITED

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales, under the Companies Act 2006. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A (Small Entities) and on a historical cost basis except for the revaluation of the company's current asset equity investments. The preparation of financial statements in compliance with FRS 102 Section 1A (Small Entities) may require the use of certain critical accounting estimates. It may also require management to exercise judgement in applying the accounting policies. However, in respect of the particular financial period covered by these financial statements and the previous period the directors do not consider that there were any such significant estimates or judgements required in the preparation of the financial statements. The material accounting policies, which were applied consistently during the period, are set out below.

Statement of compliance

The financial statements have been prepared in compliance with FRS 102 Section 1A (Small Entities) and on a historical cost basis except for the revaluation of the company's current asset equity investments.

The preparation of financial statements in compliance with FRS 102 Section 1A (Small Entities) may require the use of certain critical accounting estimates. It may also require management to exercise judgement in applying the accounting policies. However, in respect of the particular financial period covered by these financial statements and the previous period the directors do not consider that there were any such significant estimates or judgements required in the preparation of the financial statements. 

The material accounting policies, which were applied consistently during the period, are set out below.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Interest income
	Interest income is recognised on a receivable basis.

	Dividend income
	Dividend income from the company's investment in a UK company is recognised when received by the company.

	Current taxation
	Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the period. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

	Deferred tax
	Deferred tax balances are recognised in respect of all significant timing differences that have originated but not reversed by the balance sheet date, 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 future suitable 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 any timing differences.

Deferred tax

Deferred tax balances are recognised in respect of all significant timing differences that have originated but not reversed by the balance sheet date, 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 future suitable 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 any timing differences.

	Investments
	The company's investment in a UK private company, which is considered to be an associated company, was measured initially at acquisition at cost and thereafter has been measured at cost less identified impairment losses, if any. The company's current asset equity investments represent investments in investment funds which are revalued to market value at each year end.

	Financial instruments
	The company's cash at bank and in hand and any other debtor balances and other creditor balances are measured initially at the transaction price, including any transaction costs, and subsequently at amortised cost. Debt instruments that are payable or receivable within one year are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. The company's cash and cash equivalents currently comprise cash at bank (including on deposit) and in hand.

Financial instruments

The company's cash at bank and in hand and any other debtor balances and other creditor balances are measured initially at the transaction price, including any transaction costs, and subsequently at amortised cost. Debt instruments that are payable or receivable within one year are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

The company's cash and cash equivalents currently comprise cash at bank (including on deposit) and in hand.

2.	Average number of employees
	The number stated below is the average number of employees of the company, including the directors, during the relevant period.


		2025		2024
	Average number of employees during the year	2		2

3.	Fixed asset investments
	On 6 August 2021 the company acquired 1,500 ordinary shares in (Ca)nnection Limited, a company incorporated in England, for a total consideration of £1,500. At 31 December 2025 the company has a voting interest of 23% (31 December 2024: 23%) in the investee company.

		Total
		£
	Cost or valuation
	At 01 January 25	1,500
	At 31 December 25	1,500
	Net book value
	At 31 December 25	1,500
	At 31 December 24	1,500

4.	Current asset investments
	The company acquired units at a cost of £80,000 (2024: £75,000) in a UK investment fund in the year. At 31 December 2025 the market value of those units was £152,299 (2024: £73,944) and the historical cost was £155,000 (2024: £75,000).

5.	Events after reporting date
	There have been no significant events or transactions subsequent to the balance sheet date requiring disclosure.

6.	Related party transactions
	At 31 December 2025 creditors include £482 (2024: £239) due to (Ca)nnection Limited, the company's associated undertaking. Any monetary transactions that take place with the directors, member and related undertakings in any period are undertaken under normal market conditions, unless otherwise stated.

7.	Parent-subsidiary relationships
	The company has no parent or subsidiary undertakings.