2023-01-012023-12-312023-12-31false07225701PURE REAL ESTATE SERVICES LTD2024-05-2474909iso4217:GBPxbrli:pure072257012023-01-01072257012023-12-31072257012023-01-012023-12-31072257012022-01-01072257012022-12-31072257012022-01-012022-12-3107225701bus:SmallEntities2023-01-012023-12-3107225701bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3107225701bus:FullAccounts2023-01-012023-12-3107225701bus:PrivateLimitedCompanyLtd2023-01-012023-12-3107225701core:WithinOneYear2023-12-3107225701core:AfterOneYear2023-12-3107225701core:WithinOneYear2022-12-3107225701core:AfterOneYear2022-12-3107225701core:ShareCapital2023-12-3107225701core:SharePremium2023-12-3107225701core:RevaluationReserve2023-12-3107225701core:OtherReservesSubtotal2023-12-3107225701core:RetainedEarningsAccumulatedLosses2023-12-3107225701core:ShareCapital2022-12-3107225701core:SharePremium2022-12-3107225701core:RevaluationReserve2022-12-3107225701core:OtherReservesSubtotal2022-12-3107225701core:RetainedEarningsAccumulatedLosses2022-12-3107225701core:LandBuildings2023-12-3107225701core:PlantMachinery2023-12-3107225701core:Vehicles2023-12-3107225701core:FurnitureFittings2023-12-3107225701core:OfficeEquipment2023-12-3107225701core:NetGoodwill2023-12-3107225701core:IntangibleAssetsOtherThanGoodwill2023-12-3107225701core:ListedExchangeTraded2023-12-3107225701core:UnlistedNon-exchangeTraded2023-12-3107225701core:LandBuildings2022-12-3107225701core:PlantMachinery2022-12-3107225701core:Vehicles2022-12-3107225701core:FurnitureFittings2022-12-3107225701core:OfficeEquipment2022-12-3107225701core:NetGoodwill2022-12-3107225701core:IntangibleAssetsOtherThanGoodwill2022-12-3107225701core:ListedExchangeTraded2022-12-3107225701core:UnlistedNon-exchangeTraded2022-12-3107225701core:LandBuildings2023-01-012023-12-3107225701core:PlantMachinery2023-01-012023-12-3107225701core:Vehicles2023-01-012023-12-3107225701core:FurnitureFittings2023-01-012023-12-3107225701core:OfficeEquipment2023-01-012023-12-3107225701core:NetGoodwill2023-01-012023-12-3107225701core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3107225701core:ListedExchangeTraded2023-01-012023-12-3107225701core:UnlistedNon-exchangeTraded2023-01-012023-12-3107225701core:MoreThanFiveYears2023-01-012023-12-3107225701core:Non-currentFinancialInstruments2023-12-3107225701core:Non-currentFinancialInstruments2022-12-3107225701dpl:CostSales2023-01-012023-12-3107225701dpl:DistributionCosts2023-01-012023-12-3107225701core:LandBuildings2023-01-012023-12-3107225701core:PlantMachinery2023-01-012023-12-3107225701core:Vehicles2023-01-012023-12-3107225701core:FurnitureFittings2023-01-012023-12-3107225701core:OfficeEquipment2023-01-012023-12-3107225701dpl:AdministrativeExpenses2023-01-012023-12-3107225701core:NetGoodwill2023-01-012023-12-3107225701core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3107225701dpl:GroupUndertakings2023-01-012023-12-3107225701dpl:ParticipatingInterests2023-01-012023-12-3107225701dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3107225701core:ListedExchangeTraded2023-01-012023-12-3107225701dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3107225701core:UnlistedNon-exchangeTraded2023-01-012023-12-3107225701dpl:CostSales2022-01-012022-12-3107225701dpl:DistributionCosts2022-01-012022-12-3107225701core:LandBuildings2022-01-012022-12-3107225701core:PlantMachinery2022-01-012022-12-3107225701core:Vehicles2022-01-012022-12-3107225701core:FurnitureFittings2022-01-012022-12-3107225701core:OfficeEquipment2022-01-012022-12-3107225701dpl:AdministrativeExpenses2022-01-012022-12-3107225701core:NetGoodwill2022-01-012022-12-3107225701core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3107225701dpl:GroupUndertakings2022-01-012022-12-3107225701dpl:ParticipatingInterests2022-01-012022-12-3107225701dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3107225701core:ListedExchangeTraded2022-01-012022-12-3107225701dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3107225701core:UnlistedNon-exchangeTraded2022-01-012022-12-3107225701core:NetGoodwill2023-12-3107225701core:IntangibleAssetsOtherThanGoodwill2023-12-3107225701core:LandBuildings2023-12-3107225701core:PlantMachinery2023-12-3107225701core:Vehicles2023-12-3107225701core:FurnitureFittings2023-12-3107225701core:OfficeEquipment2023-12-3107225701core:AfterOneYear2023-12-3107225701core:WithinOneYear2023-12-3107225701core:ListedExchangeTraded2023-12-3107225701core:UnlistedNon-exchangeTraded2023-12-3107225701core:ShareCapital2023-12-3107225701core:SharePremium2023-12-3107225701core:RevaluationReserve2023-12-3107225701core:OtherReservesSubtotal2023-12-3107225701core:RetainedEarningsAccumulatedLosses2023-12-3107225701core:NetGoodwill2022-12-3107225701core:IntangibleAssetsOtherThanGoodwill2022-12-3107225701core:LandBuildings2022-12-3107225701core:PlantMachinery2022-12-3107225701core:Vehicles2022-12-3107225701core:FurnitureFittings2022-12-3107225701core:OfficeEquipment2022-12-3107225701core:AfterOneYear2022-12-3107225701core:WithinOneYear2022-12-3107225701core:ListedExc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PURE REAL ESTATE SERVICES LTD

Registered Number
07225701
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

PURE REAL ESTATE SERVICES LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

ANTILL, Jason Peter Jeffries

Registered Address

11 Golden Square
Soho
London
W1F 9JB

Registered Number

07225701 (England and Wales)
PURE REAL ESTATE SERVICES LTD
Statement of Financial Position
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets3-610
Tangible assets459,04775,245
59,04775,855
Current assets
Debtors5944,011723,534
Cash at bank and on hand1,293,6671,143,740
2,237,6781,867,274
Creditors amounts falling due within one year6(254,650)(215,468)
Net current assets (liabilities)1,983,0281,651,806
Total assets less current liabilities2,042,0751,727,661
Provisions for liabilities7(14,700)(18,800)
Net assets2,027,3751,708,861
Capital and reserves
Called up share capital100100
Profit and loss account2,027,2751,708,761
Shareholders' funds2,027,3751,708,861
The financial statements were approved and authorised for issue by the Director on 24 May 2024, and are signed on its behalf by:
ANTILL, Jason Peter Jeffries
Director
Registered Company No. 07225701
PURE REAL ESTATE SERVICES LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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/or 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.
Employee benefits
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 obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
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.
Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Amortisation is provided on the following bases: Goodwill - 10% straight line Other intangible fixed assets - 20% straight line
Research and development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which range from 3 to 6 years. If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. 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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings25
Office Equipment25
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.
Financial instruments
The company 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.
Government grants or assistance
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.
2.Average number of employees

20232022
Average number of employees during the year56
3.Intangible assets

Goodwill

Other

Total

£££
Cost or valuation
At 01 January 2360,00012,18372,183
At 31 December 2360,00012,18372,183
Amortisation and impairment
At 01 January 2360,00011,57371,573
Charge for year-610610
At 31 December 2360,00012,18372,183
Net book value
At 31 December 23---
At 31 December 22-610610
4.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 January 2365,692193,383259,075
Additions-4,1124,112
Disposals(1,755)-(1,755)
At 31 December 2363,937197,495261,432
Depreciation and impairment
At 01 January 2358,239125,591183,830
Charge for year1,45717,22618,683
On disposals(128)-(128)
At 31 December 2359,568142,817202,385
Net book value
At 31 December 234,36954,67859,047
At 31 December 227,45367,79275,245
5.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables323,029301,140
Other debtors607,979413,341
Prepayments and accrued income13,0039,053
Total944,011723,534
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.
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables2,5742,628
Taxation and social security239,851209,943
Other creditors126197
Accrued liabilities and deferred income12,0992,700
Total254,650215,468
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.
7.Provisions for liabilities
The provision for deferred tax arises from the accelerated capital allowances on tangible fixed assets.

2023

2022

££
Net deferred tax liability (asset)14,70018,800
Total14,70018,800
8.Pension commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund during the year and amounted to £649 (2022 - £1,213). Contributions totalling £126 (2022 - £197) were payable to the fund at the reporting date and are included in creditors.
9.Other commitments
At 31 December 2023 the company had future minimum lease payments under non-cancellable operating leases of £63,375 (2022 - £8,159).
10.Directors advances, credits and guarantees
During the year a director had a loan account with the company. During the period the director was advanced £128,507 and repaid £57,018. At the balance sheet date, the director owed the company £119,254 (2022 - £47,765). Interest of £1,758 was charged on the loan which is unsecured and repayable upon demand.
11.Related party transactions
During the year the company had a loan account with Tide Property Assets Ltd, a company in which the director of this company is sole director. At the balance sheet date Tide Property Assets Ltd owed the company £448,477 (2022 - £363,276). This loan is unsecured, interest free and repayable upon demand. During the year the company rented a property from Tide Property Assets Ltd, a company under the control of Mr J Antill the company director. No rent was charged by Tide Property Assets Ltd for the use of this property (2022 - £nil).