Pure Technical Productions Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 06836689 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2022

FOR

PURE TECHNICAL PRODUCTIONS LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

5

191,914

93,035

CURRENT ASSETS

Debtors

6

68,183

113,135

Cash at bank

23

43

68,206

113,178

CREDITORS

Amounts falling due within one year

7

334,939

281,723

NET CURRENT LIABILITIES

(266,733

)

(168,545

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(74,819

)

(75,510

)

CREDITORS

Amounts falling due after more than one year

8

67,202

50,025

NET LIABILITIES

(142,021

)

(125,535

)

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

(142,121

)

(125,635

)

SHAREHOLDERS' FUNDS

(142,021

)

(125,535

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 May 2023 and were signed by:

Mr J P Millins - Director

1.	STATUTORY INFORMATION

Pure Technical Productions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06836689

Registered office:

Croydon Hall

Felons Oak

Rodhuish

Minehead

Somerset

TA24 6QT

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on reducing balance

All fixed assets are initially recorded at cost.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Going concern

The accounts have been prepared on a going concern basis not withstanding the excess of current liabilities over current assets. The director has confirmed his intention to continue his support to the company for the foreseeable future.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2022

236,878

32,065

268,943

Additions

197,159

-

197,159

Disposals

(2,994

)

-

(2,994

)

At 31 December 2022

431,043

32,065

463,108

DEPRECIATION

At 1 January 2022

151,859

24,049

175,908

Charge for year

87,364

8,016

95,380

Eliminated on disposal

(94

)

-

(94

)

At 31 December 2022

239,129

32,065

271,194

NET BOOK VALUE

At 31 December 2022

191,914

-

191,914

At 31 December 2021

85,019

8,016

93,035

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2022

-

32,065

32,065

Additions

50,100

-

50,100

At 31 December 2022

50,100

32,065

82,165

DEPRECIATION

At 1 January 2022

-

24,049

24,049

Charge for year

12,525

8,016

20,541

At 31 December 2022

12,525

32,065

44,590

NET BOOK VALUE

At 31 December 2022

37,575

-

37,575

At 31 December 2021

-

8,016

8,016

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

1,592

-

Amounts owed by group undertakings

164

64,837

Other debtors

388

-

Deferred tax asset

66,039

48,298

68,183

113,135

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

14,087

8,712

Other loans

-

11,352

Hire purchase contracts

17,919

6,413

Trade creditors

59,194

47,872

Amounts owed to group undertakings

242,045

103,300

VAT

428

27,001

Other creditors

524

-

Director's current account

1

157

Accruals and deferred income

741

76,916

334,939

281,723

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans - 2-5 years

36,049

41,474

Hire purchase contracts

31,153

8,551

67,202

50,025

9.	SECURED DEBTS

Jeremy Millins created a floating and a fixed charge on 17 March 2010 in relation to assets held by the company. This charge remains outstanding at the year end.

10.	DEFERRED TAX

£

Balance at 1 January 2022

(48,298

)

Provided during year

(17,741

)

Balance at 31 December 2022

(66,039

)

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

100

Ordinary

£1

100

100

12.	RELATED PARTY DISCLOSURES

Transactions

Included in debtors is a balance of £164 (2021: £164) due from Round Clock Limited, a member of the group. The amount is interest free and repayable on demand.

Included in creditors is a balance of £158,170 (2021: £81,700) due to, the parent company, Pure Leisure Management Holdings Limited. The amount is interest free and repayable on demand.

Included in creditors is a balance of £82,987 (2021: £64,673 debtor) due to Pure Henley Catering Limited, a member of the group. The amount is interest free and repayable on demand.

Included in creditors is a balance of £888 (2021: £Nil) due to Pure Management Limited, a member of the group. The amount is interest free and repayable on demand.

Included in creditors is a balance of £Nil (2021: £21,600) due to Croydon Hall Management Limited, a member of the group. The amount is interest free and repayable on demand.