Silverfin false false 31/12/2025 01/01/2025 31/12/2025 A Bankes 11/06/2025 01/06/2012 K Hanton 21/05/2015 A Nelson-Bennett 01/07/2021 D Verde-Nieto 01/06/2012 09 July 2026 no description of principal activity 07706592 2025-12-31 07706592 bus:Director1 2025-12-31 07706592 bus:Director2 2025-12-31 07706592 bus:Director3 2025-12-31 07706592 bus:Director4 2025-12-31 07706592 2024-12-31 07706592 core:CurrentFinancialInstruments 2025-12-31 07706592 core:CurrentFinancialInstruments 2024-12-31 07706592 core:Non-currentFinancialInstruments 2025-12-31 07706592 core:Non-currentFinancialInstruments 2024-12-31 07706592 core:ShareCapital 2025-12-31 07706592 core:ShareCapital 2024-12-31 07706592 core:SharePremium 2025-12-31 07706592 core:SharePremium 2024-12-31 07706592 core:RetainedEarningsAccumulatedLosses 2025-12-31 07706592 core:RetainedEarningsAccumulatedLosses 2024-12-31 07706592 core:OtherResidualIntangibleAssets 2024-12-31 07706592 core:OtherResidualIntangibleAssets 2025-12-31 07706592 core:OtherPropertyPlantEquipment 2024-12-31 07706592 core:OtherPropertyPlantEquipment 2025-12-31 07706592 core:RemainingRelatedParties core:CurrentFinancialInstruments 2025-12-31 07706592 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-12-31 07706592 2025-01-01 2025-12-31 07706592 bus:FilletedAccounts 2025-01-01 2025-12-31 07706592 bus:SmallEntities 2025-01-01 2025-12-31 07706592 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 07706592 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 07706592 bus:Director1 2025-01-01 2025-12-31 07706592 bus:Director2 2025-01-01 2025-12-31 07706592 bus:Director3 2025-01-01 2025-12-31 07706592 bus:Director4 2025-01-01 2025-12-31 07706592 core:OtherResidualIntangibleAssets core:BottomRangeValue 2025-01-01 2025-12-31 07706592 core:OtherResidualIntangibleAssets core:TopRangeValue 2025-01-01 2025-12-31 07706592 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 07706592 core:PatentsTrademarksLicencesConcessionsSimilar 2025-01-01 2025-12-31 07706592 core:OtherPropertyPlantEquipment core:TopRangeValue 2025-01-01 2025-12-31 07706592 2024-01-01 2024-12-31 07706592 core:OtherResidualIntangibleAssets 2025-01-01 2025-12-31 07706592 core:OtherPropertyPlantEquipment 2025-01-01 2025-12-31 07706592 core:Non-currentFinancialInstruments 2025-01-01 2025-12-31 iso4217:GBP xbrli:pure

Company No: 07706592 (England and Wales)

# POSITIVELUXURY LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

POSITIVELUXURY LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

POSITIVELUXURY LIMITED

## COMPANY INFORMATION

For the financial year ended 31 December 2025
POSITIVELUXURY LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 December 2025

DIRECTORS | A Bankes (Resigned 11 June 2025)
| K Hanton
| A Nelson-Bennett
| D Verde-Nieto

REGISTERED OFFICE | 72-74 Dean Street
| London
| W1D 3SG
| United Kingdom

COMPANY NUMBER | 07706592 (England and Wales)

ACCOUNTANT | Gravita Essex Limited
| Kings House
| 101-135 Kings Road
| Brentwood
| Essex
| CM14 4DR
| United Kingdom

POSITIVELUXURY LIMITED

## BALANCE SHEET

As at 31 December 2025
POSITIVELUXURY LIMITED

## BALANCE SHEET (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 458,471 |  | 480,202
Tangible assets | 4 | 4,192 |  | 9,437
|  | 462,663 |  | 489,639
Current assets |  |  |  |
Debtors | 5 | 261,133 |  | 283,218
Cash at bank and in hand |  | 3,151 |  | 13,172
|  | 264,284 |  | 296,390
Creditors: amounts falling due within one year | 6 | ( 1,509,547) |  | ( 1,607,132)
Net current liabilities |  | (1,245,263) |  | (1,310,742)
Total assets less current liabilities |  | (782,600) |  | (821,103)
Creditors: amounts falling due after more than one year | 7 | ( 85,331) |  | ( 53,543)
Net liabilities |  | ( 867,931) |  | ( 874,646)
Capital and reserves |  |  |  |
Called-up share capital |  | 1,474 |  | 1,474
Share premium account |  | 9,666 |  | 9,666
Profit and loss account |  | ( 879,071 ) |  | ( 885,786 )
Total shareholders' deficit |  | ( 867,931) |  | ( 874,646)

For the financial year ending 31 December 2025 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 Positiveluxury Limited (registered number: 07706592) were approved and authorised for issue by the Board of Directors on 09 July 2026. They were signed on its behalf by:

A Nelson-Bennett Director |

POSITIVELUXURY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
POSITIVELUXURY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025

##### 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

Positiveluxury 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 72-74 Dean Street, London, W1D 3SG, 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.

##### Change in accounting estimate

During the year, the directors reassessed the expected useful economic life of the company's intangible assets, As a result of the review, the estimated useful economic life of research and development costs were reduced from 8 years to 4 years. The revision has been treated as a change in accounting estimate and has been applied prospectively from the date of reassessment.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### 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:

Other intangible assets | 8 - 10 years straight line

###### Research and development

Development costs are amortised on a straight line basis over 8 years in order to write off the cost less estimated residual value of the asset over its estimated useful life.

###### Trademarks, patents and licences

Separately acquired patents and trademarks are included at cost and amortised in equal annual instalments over a period of 10 years which is their estimated useful economic life. Provision is made for any impairment.

##### 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:

Plant and machinery etc. | 4 years straight line

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 15 |  | 16

#### 3. Intangible assets

| Other intangible assets |  | Total
| £ |  | £
Cost |  |  |
At 01 January 2025 | 679,632 |  | 679,632
Additions | 177,000 |  | 177,000
At 31 December 2025 | 856,632 |  | 856,632
Accumulated amortisation |  |  |
At 01 January 2025 | 199,430 |  | 199,430
Charge for the financial year | 198,731 |  | 198,731
At 31 December 2025 | 398,161 |  | 398,161
Net book value |  |  |
At 31 December 2025 | 458,471 |  | 458,471
At 31 December 2024 | 480,202 |  | 480,202

#### 4. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 January 2025 | 33,266 |  | 33,266
At 31 December 2025 | 33,266 |  | 33,266
Accumulated depreciation |  |  |
At 01 January 2025 | 23,829 |  | 23,829
Charge for the financial year | 5,245 |  | 5,245
At 31 December 2025 | 29,074 |  | 29,074
Net book value |  |  |
At 31 December 2025 | 4,192 |  | 4,192
At 31 December 2024 | 9,437 |  | 9,437

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 252,010 |  | 252,516
Prepayments | 5,805 |  | 15,687
VAT recoverable | 0 |  | 9,697
Other debtors | 3,318 |  | 5,318
| 261,133 |  | 283,218

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 5,000 |  | 10,648
Trade creditors | 154,199 |  | 263,051
Amounts owed to related parties | 341,552 |  | 341,552
Amounts owed to directors | 45,677 |  | 31,260
Other loans | 80,253 |  | 29,341
Accruals and deferred income | 515,502 |  | 621,565
Taxation and social security | 157,788 |  | 104,494
Other creditors | 209,576 |  | 205,221
| 1,509,547 |  | 1,607,132

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

| 2025 |  | 2024
| £ |  | £
Bank loans | 0 |  | 4,352
Other loans | 85,331 |  | 49,191
| 85,331 |  | 53,543

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