Round Clock Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05684606 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2026

FOR

ROUND CLOCK LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

5

3,810,754

3,690,654

CURRENT ASSETS

Debtors

6

685,935

200,764

Cash at bank

855

2,098

686,790

202,862

CREDITORS

Amounts falling due within one year

7

334,426

322,920

NET CURRENT ASSETS/(LIABILITIES)

352,364

(120,058

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,163,118

3,570,596

CREDITORS

Amounts falling due after more than
one year

8

(2,968,427

)

(2,400,000

)

PROVISIONS FOR LIABILITIES

11

(322,597

)

(324,544

)

NET ASSETS

872,094

846,052

CAPITAL AND RESERVES

Called up share capital

12

1,100

Non-distributable reserve

13

1,333,732

1,279,465

Retained earnings

(462,738

)

(434,513

)

SHAREHOLDERS' FUNDS

872,094

846,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 October 2026 and were signed by:

Mr J P Millins - Director

1.	STATUTORY INFORMATION

Round Clock Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05684606

Registered office:

Croydon Hall

Felons Oak

Rodhuish

Minehead

Somerset

TA24 6QT

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

2% on cost

Plant and machinery

-

20% on reducing balance

Equipment

-

25% on reducing balance

Tangible fixed assets are originally recorded at cost.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Investment property

Investment property is represented in the accounts at fair value on an annual basis.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

5.	TANGIBLE FIXED ASSETS

Freehold

Improvements

Plant and

property

to property

machinery

Equipment

Totals

£

COST OR VALUATION

At 1 April 2025

2,753,497

1,113,393

-

12,658

3,879,548

Additions

-

120,218

29,500

-

149,718

At 31 March 2026

2,753,497

1,233,611

29,500

12,658

4,029,266

DEPRECIATION

At 1 April 2025

-

179,336

-

9,558

188,894

Charge for year

-

22,943

5,900

775

29,618

At 31 March 2026

-

202,279

5,900

10,333

218,512

NET BOOK VALUE

At 31 March 2026

2,753,497

1,031,332

23,600

2,325

3,810,754

At 31 March 2025

2,753,497

934,057

-

3,100

3,690,654

Freehold property valuation for the purposes of the accounts has been provided by the director.

Cost or valuation at 31 March 2026 is represented by:

Freehold

Improvements

Plant and

property

to property

machinery

Equipment

Totals

£

Valuation in 2019

1,316,000

-

1,316,000

Valuation in 2020

200,000

-

200,000

Valuation in 2021

300,000

-

300,000

Valuation in 2023

(788,000

)

-

(788,000

)

Valuation in 2024

741,497

-

741,497

Valuation in 2025

100,000

-

100,000

Cost

884,000

1,233,611

29,500

12,658

2,159,769

2,753,497

1,233,611

29,500

12,658

4,029,266

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

249,488

-

Amounts owed by group undertakings

399,716

170,423

Prepayments and accrued income

36,731

30,341

685,935

200,764

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts (see note 9)

34,507

38,107

Hire purchase contracts

5,880

-

Trade creditors

149,402

53,995

Amounts owed to group undertakings

-

103,114

VAT

60,256

30,967

Other creditors

82,820

86,320

Director's current account

60

6,317

Accruals and deferred income

1,501

4,100

334,426

322,920

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2026

2025

£

Bank loans (see note 9)

2,950,000

2,400,000

Hire purchase contracts

18,427

-

2,968,427

2,400,000

9.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

Amounts falling due within one year or on demand:

Bank loans

34,507

38,107

Amounts falling due between one and two years:

Bank loans - 1-5 years

2,950,000

2,400,000

In February 2023 HSBC has exercised the right to cancel the Bounceback Loan, with the remaining balance being payable immediately.

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Loan

2,950,000

2,400,000

Folk Nominee Limited holds both a fixed charge over the freehold land, and an all assets debenture over the tangible fixed assets of the company.

11.	PROVISIONS FOR LIABILITIES

2026

2025

£

Deferred tax

Accelerated capital allowances

6,481

775

Tax losses carried forward

(17,370

)

(16,628

)

Other timing differences

333,486

340,397

322,597

324,544

Deferred tax

£

Balance at 1 April 2025

324,544

Provided during year

(1,947

)

Balance at 31 March 2026

322,597

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

1,100

Ordinary

£1

1,100

13.

RESERVES

Non-distributable

reserve

£

At 1 April 2025

1,279,465

Fair value movement

54,267

At 31 March 2026

1,333,732

14.	RELATED PARTY DISCLOSURES

Included in other debtors is a loan balance of £399,716 (2025: £99,614 creditor) due from the parent company Pure Leisure Management Holdings Ltd. This amount is interest free and repayable on demand.

Included in debtors is a balance of £36,000 (2025: £3,336 creditor) due from a group company Pure Management Ltd. This amount is interest free and repayable on demand.

Included in debtors is a balance of £120,000 (2025: £164 creditor) due from a group company Pure Technical Productions Ltd. This amount is interest free and repayable on demand.

Included in creditors is a balance of £21,990 (2025: £30,213 debtor) due from a group company Croydon Hall Management Limited. This amount is interest free and repayable on demand.

Included in debtors is a balance of £7,800 (2025: £7,800) due from a group company Pure Henley Catering Limited. This amount is interest free and repayable on demand.

Included in other debtors is a loan balance of £Nil (2025: £132,410) due to a group company Ibiza Luxury Villas Limited. This amount is interest free and repayable on demand.

Included in debtors is a balance of £85,688 (2025: £Nil) due from a group company Croydon House Management Limited. This amount is interest free and repayable on demand.

15.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Pure Leisure Management Holdings Ltd.

16.	PARENT COMPANY

The company is a wholly owned subsidiary of Pure Leisure Management Holdings Ltd, whose address is Croydon Hall, Felons Oak, Rodhuish, Minehead, Somerset TA24 6QT.