Silverfin false false 30/11/2024 01/12/2023 30/11/2024 J Morton 30/05/2019 29 August 2025 The principal activity of the Company during the financial year was investment management. 12023744 2024-11-30 12023744 bus:Director1 2024-11-30 12023744 2023-11-30 12023744 core:CurrentFinancialInstruments 2024-11-30 12023744 core:CurrentFinancialInstruments 2023-11-30 12023744 core:ShareCapital 2024-11-30 12023744 core:ShareCapital 2023-11-30 12023744 core:RetainedEarningsAccumulatedLosses 2024-11-30 12023744 core:RetainedEarningsAccumulatedLosses 2023-11-30 12023744 core:OtherPropertyPlantEquipment 2023-11-30 12023744 core:OtherPropertyPlantEquipment 2024-11-30 12023744 2023-12-01 2024-11-30 12023744 bus:FilletedAccounts 2023-12-01 2024-11-30 12023744 bus:SmallEntities 2023-12-01 2024-11-30 12023744 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 12023744 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 12023744 bus:Director1 2023-12-01 2024-11-30 12023744 core:OtherPropertyPlantEquipment 2023-12-01 2024-11-30 12023744 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Company No: 12023744 (England and Wales)

PURE GLOBAL RETURNS LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

PURE GLOBAL RETURNS LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

PURE GLOBAL RETURNS LIMITED

COMPANY INFORMATION

For the financial year ended 30 November 2024
PURE GLOBAL RETURNS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 November 2024
DIRECTOR J Morton
REGISTERED OFFICE C/O Mcbrides Accountants Llp Nexus House
Cray Road
Sidcup
DA14 5DA
United Kingdom
COMPANY NUMBER 12023744 (England and Wales)
ACCOUNTANT McBrides Accountants LLP
Nexus House
2 Cray Road
Sidcup
Kent
DA14 5DA
PURE GLOBAL RETURNS LIMITED

BALANCE SHEET

As at 30 November 2024
PURE GLOBAL RETURNS LIMITED

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 3,417 0
3,417 0
Current assets
Debtors 4 430 502
Cash at bank and in hand 131,860 124,739
132,290 125,241
Creditors: amounts falling due within one year 5 ( 209,045) ( 149,012)
Net current liabilities (76,755) (23,771)
Total assets less current liabilities (73,338) (23,771)
Net liabilities ( 73,338) ( 23,771)
Capital and reserves
Called-up share capital 1 1
Profit and loss account ( 73,339 ) ( 23,772 )
Total shareholders' deficit ( 73,338) ( 23,771)

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Pure Global Returns Limited (registered number: 12023744) were approved and authorised for issue by the Director on 29 August 2025. They were signed on its behalf by:

J Morton
Director
PURE GLOBAL RETURNS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
PURE GLOBAL RETURNS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Pure Global Returns Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Mcbrides Accountants Llp Nexus House, Cray Road, Sidcup, DA14 5DA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £73,338. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 December 2023 0 0
Additions 3,839 3,839
At 30 November 2024 3,839 3,839
Accumulated depreciation
At 01 December 2023 0 0
Charge for the financial year 422 422
At 30 November 2024 422 422
Net book value
At 30 November 2024 3,417 3,417
At 30 November 2023 0 0

4. Debtors

2024 2023
£ £
Corporation tax 428 500
Other debtors 2 2
430 502

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 4,043
Other creditors 209,045 144,969
209,045 149,012

6. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Amounts due to directors 206,445 144,969

The loan from the director is interest free, unsecured and repayable on demand