Company No: 07706592 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

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

	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

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.