PURE REAL ESTATE SERVICES LTD


Director	ANTILL, Jason Peter Jeffries


Registered Address	128 Cherry Orchard Road
	Croydon
	CR0 6BB


Registered Number	07225701 (England and Wales)

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Amortisation is provided on the following bases: Goodwill - 10% straight line Other intangible fixed assets - 20% straight line

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Fixtures and fittings	25
	Office Equipment	25

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease. Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

Finance leases and hire purchase contracts

Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease.

Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	6		5

3.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 January 25	63,937	202,186	266,123
Additions	-	13,414	13,414
At 31 December 25	63,937	215,600	279,537
Depreciation and impairment
At 01 January 25	60,661	157,118	217,779
Charge for year	820	13,432	14,252
At 31 December 25	61,481	170,550	232,031
Net book value
At 31 December 25	2,456	45,050	47,506
At 31 December 24	3,276	45,068	48,344

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	163,052	299,481
Other debtors	1,398,801	1,329,303
Prepayments and accrued income	17,662	12,478
Total	1,579,515	1,641,262

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	64,133	6,194
Taxation and social security	187,036	341,580
Other creditors	785	148
Accrued liabilities and deferred income	3,625	3,241
Total	255,579	351,163

6.	Provisions for liabilities
	The provision for deferred tax arises from the accelerated capital allowances on tangible fixed assets.

	2025	2024
	£	£
Net deferred tax liability (asset)	11,800	12,000
Total	11,800	12,000

7.	Pension commitments
	The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund during the year and amounted to £181,488 (2024 - £719).

8.	Other commitments
	At 31 December 2025 the company had future minimum lease payments under non-cancellable operating leases of £36,786 (2024 - £82,125).

9.	Directors advances, credits and guarantees
	During the year a director had a loan account with the company. During the period the director was advanced £145,145 and repaid £49,729. At the balance sheet date, the director owed the company £259,196 (2024 - £163,780). Interest of £6,458 was charged on the loan which is unsecured and repayable upon demand.

10.	Related party transactions
	During the year the company had a loan account with Tide Property Assets Ltd, a company in which the director of this company is sole director. At the balance sheet date Tide Property Assets Ltd owed the company £1,084,329 (2024 - £1,089,329). This loan is unsecured, interest free and repayable upon demand. During the year the company rented a property from Tide Property Assets Ltd, a company under the control of Mr J Antill the company director. No rent was charged by Tide Property Assets Ltd for the use of this property (2024 - £nil).

10.

Related party transactions

During the year the company had a loan account with Tide Property Assets Ltd, a company in which the director of this company is sole director. At the balance sheet date Tide Property Assets Ltd owed the company £1,084,329 (2024 - £1,089,329). This loan is unsecured, interest free and repayable upon demand.

During the year the company rented a property from Tide Property Assets Ltd, a company under the control of Mr J Antill the company director. No rent was charged by Tide Property Assets Ltd for the use of this property (2024 - £nil).

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		47,506		48,344
			47,506		48,344
Current assets
Debtors	4	1,579,515		1,641,262
Cash at bank and on hand		1,446,337		1,214,783
		3,025,852		2,856,045
Creditors amounts falling due within one year	5	(255,579)		(351,163)
Net current assets (liabilities)			2,770,273		2,504,882
Total assets less current liabilities			2,817,779		2,553,226
Provisions for liabilities	6		(11,800)		(12,000)
Net assets			2,805,979		2,541,226
Capital and reserves
Called up share capital			100		100
Profit and loss account			2,805,879		2,541,126
Shareholders' funds			2,805,979		2,541,226