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Company Registration No. 07073988 (England and Wales)
Pure Lounge Bar Limited Unaudited accounts for the year ended 31 January 2025
Pure Lounge Bar Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Pure Lounge Bar Limited Company Information for the year ended 31 January 2025
Director
Ernie Dennis Phelps
Company Number
07073988 (England and Wales)
Registered Office
S C Tax 41 Southgate Street Winchester Hampshire SO23 9EH England
Accountants
SC Tax Advisers and Accountants 41 Southgate Street Winchester SO239EH
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Pure Lounge Bar Limited Statement of financial position as at 31 January 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
74,668 
28,558 
Current assets
Inventories
9,800 
9,800 
Debtors
5
- 
249,509 
Cash at bank and in hand
(4,796)
43,387 
5,004 
302,696 
Creditors: amounts falling due within one year
6
(64,887)
(140,273)
Net current (liabilities)/assets
(59,883)
162,423 
Total assets less current liabilities
14,785 
190,981 
Creditors: amounts falling due after more than one year
7
(14,785)
(124,995)
Net assets
- 
65,986 
Capital and reserves
Called up share capital
103 
103 
Share premium
30,000 
- 
Profit and loss account
(30,103)
65,883 
Shareholders' funds
- 
65,986 
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 October 2025 and were signed on its behalf by
Ernie Dennis Phelps Director Company Registration No. 07073988
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Pure Lounge Bar Limited Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Pure Lounge Bar Limited is a private company, limited by shares, registered in England and Wales, registration number 07073988. The registered office is S C Tax, 41 Southgate Street, Winchester, Hampshire, SO23 9EH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 January 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2024
346,398 
128,832 
- 
475,230 
Additions
- 
28,589 
46,490 
75,079 
At 31 January 2025
346,398 
157,421 
46,490 
550,309 
Depreciation
At 1 February 2024
337,745 
108,927 
- 
446,672 
Charge for the year
8,653 
11,018 
9,298 
28,969 
At 31 January 2025
346,398 
119,945 
9,298 
475,641 
Net book value
At 31 January 2025
- 
37,476 
37,192 
74,668 
At 31 January 2024
8,653 
19,905 
- 
28,558 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
249,509 
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Pure Lounge Bar Limited Notes to the Accounts for the year ended 31 January 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
31,930 
18,465 
Trade creditors
3,435 
29,404 
Taxes and social security
31,325 
61,532 
Loans from directors
(4,801)
23,883 
Accruals
2,998 
6,989 
64,887 
140,273 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
14,785 
10,162 
Other creditors
- 
114,833 
14,785 
124,995 
8
Transactions with related parties
During the year, the company received assets with a value of £70,090 and stock valued at £29,910 from Vaultz Bar Restaurant Limited, an entity under the common control of the director. These items were provided in settlement of amounts previously advanced by the company. A remaining balance due from Vaultz Bar Restaurant Limited was assessed as not recoverable and has therefore been written off to the profit and loss account as a Bad Debt during the Accounting Period. No Corporation Tax deduction has been claimed. No balances were outstanding at the year end. During the year, the company wrote off a loan of £56,000 previously advanced to a related party, ELKK Solutions Limited, an entity under the common control of the director. The loan was settled in full through the provision of services by the related party to the company.
9
Average number of employees
During the year the average number of employees was 5 (2024: 5).
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