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Company Registration No. 07073988 (England and Wales)
Pure Lounge Bar Limited Unaudited accounts for the year ended 31 January 2026
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 2026
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 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
209,546
74,668
Current assets
Inventories
9,800
9,800
Debtors
5
3,000
-
Cash at bank and in hand
13,858
(4,796)
26,658
5,004
Creditors: amounts falling due within one year
6
(35,605)
(64,887)
Net current liabilities
(8,947)
(59,883)
Total assets less current liabilities
200,599
14,785
Creditors: amounts falling due after more than one year
7
(24,136)
(14,785)
Net assets
176,463
-
Capital and reserves
Called up share capital
103
103
Share premium
149,894
30,000
Profit and loss account
26,466
(30,103)
Shareholders' funds
176,463
-
For the year ending 31 January 2026 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 March 2026 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 2026
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2025
346,398
157,421
46,490
-
550,309
Additions
-
18,931
165,165
3,170
187,266
At 31 January 2026
346,398
176,352
211,655
3,170
737,575
Depreciation
At 1 February 2025
346,398
119,945
9,298
-
475,641
Charge for the year
-
11,282
40,472
634
52,388
At 31 January 2026
346,398
131,227
49,770
634
528,029
Net book value
At 31 January 2026
-
45,125
161,885
2,536
209,546
At 31 January 2025
-
37,476
37,192
-
74,668
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Other debtors
3,000
-
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Pure Lounge Bar Limited Notes to the Accounts for the year ended 31 January 2026
6
Creditors: amounts falling due within one year
2026
2025
£
£
VAT
26,198
31,930
Trade creditors
-
3,435
Taxes and social security
93
31,325
Other creditors
9,314
-
Loans from directors
-
(4,801)
Accruals
-
2,998
35,605
64,887
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
4,136
14,785
Other creditors
20,000
-
24,136
14,785
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 (2025: 5).
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