Company No: 02880892 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	3,940		7,260
Tangible assets	4	16,587		7,507
		20,527		14,767
Current assets
Debtors	5	93,283		94,987
Cash at bank and in hand		50,148		64,620
		143,431		159,607
Creditors: amounts falling due within one year	6	( 381,066)		( 402,154)
Net current liabilities		(237,635)		(242,547)
Total assets less current liabilities		(217,108)		(227,780)
Net liabilities		( 217,108)		( 227,780)
Capital and reserves
Called-up share capital	7	3		3
Profit and loss account		( 217,111 )		( 227,783 )
Total shareholders' deficit		( 217,108)		( 227,780)

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Pure Groove Ltd (registered number: 02880892) were approved and authorised for issue by the Board of Directors on 25 September 2025. They were signed on its behalf by:

Mr T Nashnush Director

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 Groove Ltd (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 Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, 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 directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due 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.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs

5 years straight line

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 basis over its expected useful life, as follows:

Biological assets	not depreciated
Office equipment	5 years straight line

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.

Biological assets

The Company owned one tenth a share of a race horse. In accordance with FRS102, these are defined as biological assets.

Where the Company measures a biological asset under the fair value model on initial recognition, it must carry the asset at fair value at each reporting date. Changes in fair value less costs to sell are recognised in 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.

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 directors	4		5

3. Intangible assets

	Website costs		Total
	£		£
Cost
At 01 January 2024	16,600		16,600
At 31 December 2024	16,600		16,600
Accumulated amortisation
At 01 January 2024	9,340		9,340
Charge for the financial year	3,320		3,320
At 31 December 2024	12,660		12,660
Net book value
At 31 December 2024	3,940		3,940
At 31 December 2023	7,260		7,260

4. Tangible assets

	Biological assets		Office equipment		Total
	£		£		£
Cost
At 01 January 2024	0		9,604		9,604
Additions	11,000		0		11,000
At 31 December 2024	11,000		9,604		20,604
Accumulated depreciation
At 01 January 2024	0		2,097		2,097
Charge for the financial year	0		1,920		1,920
At 31 December 2024	0		4,017		4,017
Net book value
At 31 December 2024	11,000		5,587		16,587
At 31 December 2023	0		7,507		7,507

5. Debtors

	2024		2023
	£		£
Trade debtors	2,358		0
Other debtors	90,925		94,987
	93,283		94,987

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	4,430		6,146
Amounts owed to directors	139,442		221,442
Accruals	194,603		161,419
Taxation and social security	18,781		13,147
Other creditors	23,810		0
	381,066		402,154

7. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
3 Ordinary £1 shares of £ 1.00 each	3		3