Company No: 06344302 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.03.2025		31.12.2023
		£		£
Fixed assets
Intangible assets	3	15,503		0
Tangible assets	4	1,628,492		1,472,744
		1,643,995		1,472,744
Current assets
Debtors	5	233,209		277,099
Cash at bank and in hand		118,266		13,929
		351,475		291,028
Creditors: amounts falling due within one year	6	( 563,489)		( 442,063)
Net current liabilities		(212,014)		(151,035)
Total assets less current liabilities		1,431,981		1,321,709
Creditors: amounts falling due after more than one year	7	( 37,172)		( 171,753)
Net assets		1,394,809		1,149,956
Capital and reserves
Called-up share capital	8	1,031		1,031
Profit and loss account		1,393,778		1,148,925
Total shareholders' funds		1,394,809		1,149,956

For the financial period ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The director acknowledges 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Pure Latitude Limited (registered number: 06344302) were approved and authorised for issue by the Director on 23 December 2025. They were signed on its behalf by:

M C Gray Director

1. Accounting policies

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

General information and basis of accounting

Pure Latitude 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 Towngate House, 2 - 8 Parkstone Road, Poole, BH15 2PW, 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 £.

Reporting period length

Reporting period length 1 January - 31 March 2025.

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.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

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.

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:

Short leasehold : Over the term of lease of 25 years
Vehicles : 25% reducing balance basis
Fixtures and fittings : 6 year straight line basis
Computer equipment : 3 year straight line basis, previously 25% reducing balance basis
Boats : 10% of residual value for first 10 years

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.

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:

Other intangible assets

4 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, reducing balance] basis over its expected useful life, as follows:

Vehicles	25 % reducing balance
Fixtures and fittings	3 - 6 years straight line
Other property, plant and equipment	10 % 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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	Period from 01.01.2024 to 31.03.2025		Year ended 31.12.2023
	Number		Number
Monthly average number of persons employed by the Company during the period, including the director	6		6

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 January 2024	0		0
Additions	16,975		16,975
At 31 March 2025	16,975		16,975
Accumulated amortisation
At 01 January 2024	0		0
Charge for the financial period	1,472		1,472
At 31 March 2025	1,472		1,472
Net book value
At 31 March 2025	15,503		15,503
At 31 December 2023	0		0

4. Tangible assets

	Vehicles		Fixtures and fittings		Other property, plant and equipment		Total
	£		£		£		£
Cost
At 01 January 2024	45,043		29,775		2,151,783		2,226,601
Additions	0		1,800		644,497		646,297
Disposals	0		0		( 586,413)		( 586,413)
At 31 March 2025	45,043		31,575		2,209,867		2,286,485
Accumulated depreciation
At 01 January 2024	25,068		23,756		705,033		753,857
Charge for the financial period	6,242		4,771		184,989		196,002
Disposals	0		0		( 291,866)		( 291,866)
At 31 March 2025	31,310		28,527		598,156		657,993
Net book value
At 31 March 2025	13,733		3,048		1,611,711		1,628,492
At 31 December 2023	19,975		6,019		1,446,750		1,472,744

5. Debtors

	31.03.2025		31.12.2023
	£		£
Trade debtors	98,152		78,306
Other debtors	135,057		198,793
	233,209		277,099

6. Creditors: amounts falling due within one year

	31.03.2025		31.12.2023
	£		£
Trade creditors	46,377		26,566
Taxation and social security	79,679		34,610
Other creditors	437,433		380,887
	563,489		442,063

7. Creditors: amounts falling due after more than one year

	31.03.2025		31.12.2023
	£		£
Other creditors	37,172		171,753

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	31.03.2025		31.12.2023
	£		£
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each	1,000		1,000
31 Ordinary B shares of £ 1.00 each	31		31
	1,031		1,031