REGISTERED NUMBER: 08576127 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Pure Commercial Finance Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B D Lloyd

G V Morgan

REGISTERED OFFICE:

Kimberley House

Ty Glas Avenue

Llanishen

Cardiff

CF14 5DX

REGISTERED NUMBER:

08576127 (England and Wales)

ACCOUNTANTS:

Norton Accountancy Ltd

7 Soundwell Road

Staple Hill

Bristol

BS16 4QG

FIXED ASSETS

Tangible assets

4

19,398

19,491

Investments

5

1

1

19,399

19,492

CURRENT ASSETS

Debtors

6

565,139

434,791

Cash at bank

155,356

38,640

720,495

473,431

CREDITORS

Amounts falling due within one year

7

(344,787

)

(351,658

)

NET CURRENT ASSETS

375,708

121,773

TOTAL ASSETS LESS CURRENT LIABILITIES

395,107

141,265

CREDITORS

Amounts falling due after more than one year

8

(27,952

)

(42,000

)

NET ASSETS

367,155

99,265

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

367,055

99,165

367,155

99,265

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

B D Lloyd - Director

1.	STATUTORY INFORMATION

Pure Commercial Finance Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

59,582

Additions

7,345

Disposals

(1,684

)

At 31 December 2024

65,243

DEPRECIATION

At 1 January 2024

40,091

Charge for year

7,438

Eliminated on disposal

(1,684

)

At 31 December 2024

45,845

NET BOOK VALUE

At 31 December 2024

19,398

At 31 December 2023

19,491

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

1

NET BOOK VALUE

At 31 December 2024

1

At 31 December 2023

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

18,255

3,467

Amounts owed by group undertakings

-

97,102

Other debtors

546,884

334,222

565,139

434,791

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

14,048

94,176

Trade creditors

118,124

81,596

Amounts owed to group undertakings

33,441

39,747

Taxation and social security

136,677

14,854

Other creditors

42,497

121,285

344,787

351,658

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

27,952

42,000

9.	RELATED PARTY DISCLOSURES

The director of Pure Commercial Finance Limited, Benjamin Lloyd, is also a director of the following companies:

Wells Lloyd Ltd, KBL Group Ltd and Caer Capital Ltd

At the period end, the company was owed £12,530 by Wells Lloyd Ltd (2023: - £109,531). This amount is included in debtors and is repayable on demand.

At the period end, the company owed £329,865 to KBL Group Ltd (2023: £88,986). This amount is included in creditors and is repayable on demand.

At the period end, the company owed £1,275 to Caer Capital Ltd (2023 : £1,275). This amount is included in creditors and is repayable on demand.

At the period end, the company was owed £161,901 by Project Three Developments Ltd, a company in which Gareth Morgan is a Director (2023 :£183,479) This amount is included in debtors and is repayable on demand.