2023-05-012024-04-302024-04-30false14067592PEARL CAPITAL HOLDINGS LIMITED2024-06-1168209iso4217:GBPxbrli:pure140675922023-05-01140675922024-04-30140675922023-05-012024-04-30140675922022-04-25140675922023-04-30140675922022-04-252023-04-3014067592bus:SmallEntities2023-05-012024-04-3014067592bus:AuditExempt-NoAccountantsReport2023-05-012024-04-3014067592bus:FullAccounts2023-05-012024-04-3014067592bus:PrivateLimitedCompanyLtd2023-05-012024-04-3014067592core:WithinOneYear2024-04-3014067592core:AfterOneYear2024-04-3014067592core:WithinOneYear2023-04-3014067592core:AfterOneYear2023-04-3014067592core:ShareCapital2024-04-3014067592core:SharePremium2024-04-3014067592core:RevaluationReserve2024-04-3014067592core:OtherReservesSubtotal2024-04-3014067592core:RetainedEarningsAccumulatedLosses2024-04-3014067592core:ShareCapital2023-04-3014067592core:SharePremium2023-04-3014067592core:RevaluationReserve2023-04-3014067592core:OtherReservesSubtotal2023-04-3014067592core:RetainedEarningsAccumulatedLosses2023-04-3014067592core:LandBuildings2024-04-3014067592core:PlantMachinery2024-04-3014067592core:Vehicles2024-04-3014067592core:FurnitureFittings2024-04-3014067592core:OfficeEquipment2024-04-3014067592core:NetGoodwill2024-04-3014067592core:IntangibleAssetsOtherThanGoodwill2024-04-3014067592core:ListedExchangeTraded2024-04-3014067592core:UnlistedNon-exchangeTraded2024-04-3014067592core:LandBuildings2023-04-3014067592core:PlantMachinery2023-04-3014067592core:Vehicles2023-04-3014067592core:FurnitureFittings2023-04-3014067592core:OfficeEquipment2023-04-3014067592core:NetGoodwill2023-04-3014067592core:IntangibleAssetsOtherThanGoodwill2023-04-3014067592core:ListedExchangeTraded2023-04-3014067592core:UnlistedNon-exchangeTraded2023-04-3014067592core:LandBuildings2023-05-012024-04-3014067592core:PlantMachinery2023-05-012024-04-3014067592core:Vehicles2023-05-012024-04-3014067592core:FurnitureFittings2023-05-012024-04-3014067592core:OfficeEquipment2023-05-012024-04-3014067592core:NetGoodwill2023-05-012024-04-3014067592core:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3014067592core:ListedExchangeTraded2023-05-012024-04-3014067592core:UnlistedNon-exchangeTraded2023-05-012024-04-3014067592core:MoreThanFiveYears2023-05-012024-04-3014067592core:Non-currentFinancialInstruments2024-04-3014067592core:Non-currentFinancialInstruments2023-04-3014067592dpl:CostSales2023-05-012024-04-3014067592dpl:DistributionCosts2023-05-012024-04-3014067592core:LandBuildings2023-05-012024-04-3014067592core:PlantMachinery2023-05-012024-04-3014067592core:Vehicles2023-05-012024-04-3014067592core:FurnitureFittings2023-05-012024-04-3014067592core:OfficeEquipment2023-05-012024-04-3014067592dpl:AdministrativeExpenses2023-05-012024-04-3014067592core:NetGoodwill2023-05-012024-04-3014067592core:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3014067592dpl:GroupUndertakings2023-05-012024-04-3014067592dpl:ParticipatingInterests2023-05-012024-04-3014067592dpl:GroupUndertakingscore:ListedExchangeTraded2023-05-012024-04-3014067592core:ListedExchangeTraded2023-05-012024-04-3014067592dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-05-012024-04-3014067592core:UnlistedNon-exchangeTraded2023-05-012024-04-3014067592dpl:CostSales2022-04-252023-04-3014067592dpl:DistributionCosts2022-04-252023-04-3014067592core:LandBuildings2022-04-252023-04-3014067592core:PlantMachinery2022-04-252023-04-3014067592core:Vehicles2022-04-252023-04-3014067592core:FurnitureFittings2022-04-252023-04-3014067592core:OfficeEquipment2022-04-252023-04-3014067592dpl:AdministrativeExpenses2022-04-252023-04-3014067592core:NetGoodwill2022-04-252023-04-3014067592core:IntangibleAssetsOtherThanGoodwill2022-04-252023-04-3014067592dpl:GroupUndertakings2022-04-252023-04-3014067592dpl:ParticipatingInterests2022-04-252023-04-3014067592dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-252023-04-3014067592core:ListedExchangeTraded2022-04-252023-04-3014067592dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-252023-04-3014067592core:UnlistedNon-exchangeTraded2022-04-252023-04-3014067592core:NetGoodwill2024-04-3014067592core:IntangibleAssetsOtherThanGoodwill2024-04-3014067592core:LandBuildings2024-04-3014067592core:PlantMachinery2024-04-3014067592core:Vehicles2024-04-3014067592core:FurnitureFittings2024-04-3014067592core:OfficeEquipment2024-04-3014067592core:AfterOneYear2024-04-3014067592core:WithinOneYear2024-04-3014067592core:ListedExchangeTraded2024-04-3014067592core:UnlistedNon-exchangeTraded2024-04-3014067592core:ShareCapital2024-04-3014067592core:SharePremium2024-04-3014067592core:RevaluationReserve2024-04-3014067592core:OtherReservesSubtotal2024-04-3014067592core:RetainedEarningsAccumulatedLosses2024-04-3014067592core:NetGoodwill2023-04-3014067592core:IntangibleAssetsOtherThanGoodwill2023-04-3014067592core:LandBuildings2023-04-3014067592core:PlantMachinery2023-04-3014067592core:Vehicles2023-04-3014067592core:FurnitureFittings2023-04-3014067592core:OfficeEquipment2023-04-3014067592core:AfterOneYear2023-04-3014067592core:WithinOneYear2023-04-3014067592core:ListedExchangeTraded2023-04-3014067592core:UnlistedNon-exchangeTraded2023-04-3014067592core:ShareCapital2023-04-3014067592core:SharePremium2023-04-3014067592core:RevaluationReserve2023-04-3014067592core:OtherReservesSubtotal2023-04-3014067592core:RetainedEarningsAccumulatedLosses2023-04-3014067592core:NetGoodwill2022-04-2514067592core:IntangibleAssetsOtherThanGoodwill2022-04-2514067592core:LandBuildings2022-04-2514067592core:PlantMachinery2022-04-2514067592core:Vehicles2022-04-2514067592core:FurnitureFittings2022-04-2514067592core:OfficeEquipment2022-04-2514067592core:AfterOneYear2022-04-2514067592core:WithinOneYear2022-04-2514067592core:ListedExchangeTraded2022-04-2514067592core:UnlistedNon-exchangeTraded2022-04-2514067592core:ShareCapital2022-04-2514067592core:SharePremium2022-04-2514067592core:RevaluationReserve2022-04-2514067592core:OtherReservesSubtotal2022-04-2514067592core:RetainedEarningsAccumulatedLosses2022-04-2514067592core:AfterOneYear2023-05-012024-04-3014067592core:WithinOneYear2023-05-012024-04-3014067592core:Non-currentFinancialInstrumentscore:CostValuation2023-05-012024-04-3014067592core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-05-012024-04-3014067592core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-05-012024-04-3014067592core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-05-012024-04-3014067592core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-05-012024-04-3014067592core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-05-012024-04-3014067592core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-05-012024-04-3014067592core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-05-012024-04-3014067592core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-05-012024-04-3014067592core:Non-currentFinancialInstrumentscore:CostValuation2024-04-3014067592core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-04-3014067592core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-04-3014067592core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-04-3014067592core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-04-3014067592core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-04-3014067592core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-04-3014067592core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-04-3014067592core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-04-3014067592core:Non-currentFinancialInstrumentscore:CostValuation2023-04-3014067592core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-3014067592core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-3014067592core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-3014067592core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-3014067592core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-3014067592core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-3014067592core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-3014067592core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-3014067592bus:Director12023-05-012024-04-30

PEARL CAPITAL HOLDINGS LIMITED

Registered Number
14067592
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

PEARL CAPITAL HOLDINGS LIMITED
Company Information
for the year from 1 May 2023 to 30 April 2024

Director

Mohamad EL-Assadi

Registered Address

56 Waye Avenue
Hounslow
TW5 9SE

Registered Number

14067592 (England and Wales)
PEARL CAPITAL HOLDINGS LIMITED
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets707,995370,049
707,995370,049
Current assets
Debtors-1,200
Cash at bank and on hand19,1253,996
19,1255,196
Creditors amounts falling due within one year3(7,124)(40)
Net current assets (liabilities)12,0015,156
Total assets less current liabilities719,996375,205
Creditors amounts falling due after one year4(714,033)(374,033)
Net assets5,9631,172
Capital and reserves
Called up share capital1,0001,000
Profit and loss account4,963172
Shareholders' funds5,9631,172
The financial statements were approved and authorised for issue by the Director on 11 June 2024, and are signed on its behalf by:
Mohamad EL-Assadi
Director
Registered Company No. 14067592
PEARL CAPITAL HOLDINGS LIMITED
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
2.Average number of employees

20242023
Average number of employees during the year00
3.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables6,000-
Taxation and social security1,12440
Total7,12440
4.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts714,033374,033
Total714,033374,033