Pur Natur UK Limited 02326264 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of a distribution services company for dairy products. Digita Accounts Production Advanced 6.30.9574.0 true false true 02326264 2023-01-01 2023-12-31 02326264 2023-12-31 02326264 core:CurrentFinancialInstruments 2023-12-31 02326264 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 02326264 bus:SmallEntities 2023-01-01 2023-12-31 02326264 bus:Audited 2023-01-01 2023-12-31 02326264 bus:FilletedAccounts 2023-01-01 2023-12-31 02326264 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02326264 bus:RegisteredOffice 2023-01-01 2023-12-31 02326264 bus:Director1 2023-01-01 2023-12-31 02326264 bus:Director5 2023-01-01 2023-12-31 02326264 bus:Director6 2023-01-01 2023-12-31 02326264 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02326264 1 2023-01-01 2023-12-31 02326264 countries:EnglandWales 2023-01-01 2023-12-31 02326264 2022-01-01 2022-12-31 02326264 2022-12-31 02326264 core:CurrentFinancialInstruments 2022-12-31 02326264 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 02326264

Pur Natur UK Limited

Annual Report and Financial Statements

for the Year Ended 31 December 2023

Pages for Filing with Registrar

 

Pur Natur UK Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

Pur Natur UK Limited

Company Information

Directors

B Parmentier

M Verhamme

B Verhamme

Registered office

114 St Martin's Lane
Covent Garden
London
WC2N 4BE

Auditors

Bourner Bullock
Chartered Accountants
114 St Martin's Lane
Covent Garden
London
WC2N 4BE

 

Pur Natur UK Limited

(Registration number: 02326264)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

6

365,031

94,234

Cash at bank and in hand

 

95,426

308,286

 

460,457

402,520

Creditors: Amounts falling due within one year

7

(1,342,619)

(1,317,870)

Net liabilities

 

(882,162)

(915,350)

Capital and reserves

 

Called up share capital

1,180,000

1,180,000

Retained earnings

(2,062,162)

(2,095,350)

Shareholders' deficit

 

(882,162)

(915,350)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 July 2024 and signed on its behalf by:
 

.........................................
B Parmentier
Director

 

Pur Natur UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

1

General information

The Company is a private company limited by share capital, incorporated in England and Wales.

Principal activity

The principal activity of the Company is that of a distribution services company for dairy products.

The address of its registered office is:
114 St Martin's Lane
Covent Garden
London
WC2N 4BE
England

These financial statements were authorised for issue by the Board on 8 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company has net liabilities but is loss-making in the year. It is dependent on the support of its shareholders to continue as a going concern. Confirmation of this support has been provided and the directors consider it appropriate to prepare the accounts on a going concern basis.

Turnover recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the Company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

 

Pur Natur UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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 non-puttable 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 profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Trade debtors are amounts due from customers for merchandise sold in the ordinary course of business.

 

Pur Natur UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Pur Natur UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

3

Significant judgements and key sources of estimation uncertainty

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.

4

Summary audit opinion

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 8 July 2024 was David Wheeler, who signed for and on behalf of Bourner Bullock.

.........................................

5

Staff numbers

The average number of persons employed by the Company (including directors) during the year, was 0 (2022 - 0).

6

Debtors

Note

2023
£

2022
£

Trade debtors

 

74,960

89,544

Amounts owed by Group undertakings

275,203

-

Other debtors

 

14,868

4,690

 

365,031

94,234

 

Pur Natur UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

38,914

22,072

Amounts owed to Group undertakings and undertakings in which the Company has a participating interest

1,294,605

1,247,520

Taxation and social security

 

3,600

-

Accruals and deferred income

 

5,500

48,278

 

1,342,619

1,317,870

8

Dividends

2023

2022

£

£

Final dividend of £Nil (2022 - £Nil) per ordinary share

-

-

 

 

9

Parent and ultimate parent undertaking

The company's immediate parent is Pur Natur Invest BVBA, incorporated in Belgium.

  These financial statements are available upon request from Hoogstraat 25, Kruishoutem, Belgium