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MOTHER OF PEARL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2022






MOTHER OF PEARL LIMITED (REGISTERED NUMBER: 04284253)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

MOTHER OF PEARL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2022







DIRECTOR: Ms M Norman





SECRETARY: Ms A Powney





REGISTERED OFFICE: Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL





REGISTERED NUMBER: 04284253 (England and Wales)





ACCOUNTANTS: Clouders
Chartered Certified Accountants
Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL

MOTHER OF PEARL LIMITED (REGISTERED NUMBER: 04284253)

BALANCE SHEET
30TH SEPTEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,097 3,367
Tangible assets 5 6,313 9,071
8,410 12,438

CURRENT ASSETS
Stocks 269,086 207,275
Debtors 6 368,145 442,287
Cash at bank and in hand 123,254 51,604
760,485 701,166
CREDITORS
Amounts falling due within one year 7 190,296 267,923
NET CURRENT ASSETS 570,189 433,243
TOTAL ASSETS LESS CURRENT
LIABILITIES

578,599

445,681

CREDITORS
Amounts falling due after more than
one year

8

4,326,095

4,326,095
NET LIABILITIES (3,747,496 ) (3,880,414 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (3,747,497 ) (3,880,415 )
SHAREHOLDER FUNDS (3,747,496 ) (3,880,414 )

MOTHER OF PEARL LIMITED (REGISTERED NUMBER: 04284253)

BALANCE SHEET - continued
30TH SEPTEMBER 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th September 2023 and were signed by:





Ms M Norman - Director


MOTHER OF PEARL LIMITED (REGISTERED NUMBER: 04284253)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2022

1. STATUTORY INFORMATION

Mother of Pearl Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis. as the director has indicated her willingness to support the company in meeting all third party liabilities for a period of at least twelve months from the date of signing of these financial statements.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MOTHER OF PEARL LIMITED (REGISTERED NUMBER: 04284253)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2022

2. ACCOUNTING POLICIES - continued

Going concern
The accounts have been prepared on a going concern basis, as the director has indicated her willingness to support the company in meeting all third party liabilities for a period of at least twelve months from the date of signing of these financial statements.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2021 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1st October 2021
and 30th September 2022 12,682
AMORTISATION
At 1st October 2021 9,315
Amortisation for year 1,270
At 30th September 2022 10,585
NET BOOK VALUE
At 30th September 2022 2,097
At 30th September 2021 3,367

MOTHER OF PEARL LIMITED (REGISTERED NUMBER: 04284253)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2022

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st October 2021
and 30th September 2022 29,632 15,769 45,401
DEPRECIATION
At 1st October 2021 22,855 13,475 36,330
Charge for year 1,698 1,060 2,758
At 30th September 2022 24,553 14,535 39,088
NET BOOK VALUE
At 30th September 2022 5,079 1,234 6,313
At 30th September 2021 6,777 2,294 9,071

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2022 2021
£    £   
Trade debtors 261,235 317,514
Other debtors 106,910 124,773
368,145 442,287

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2022 2021
£    £   
Trade creditors 62,541 121,865
Taxation and social security 68,012 90,200
Other creditors 59,743 55,858
190,296 267,923

MOTHER OF PEARL LIMITED (REGISTERED NUMBER: 04284253)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2022 2021
£    £   
Other creditors 4,326,095 4,326,095

MOTHER OF PEARL LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
MOTHER OF PEARL LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30th September 2022 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Clouders
Chartered Certified Accountants
Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL


Date: .............................................