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REGISTERED NUMBER: 09698424 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

ORA PEARLS LTD.

ORA PEARLS LTD. (REGISTERED NUMBER: 09698424)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ORA PEARLS LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Miss B Southwell





REGISTERED OFFICE: 346 Fulham Road
London
SW10 9UH





REGISTERED NUMBER: 09698424 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

ORA PEARLS LTD. (REGISTERED NUMBER: 09698424)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 860 1,023

CURRENT ASSETS
Stocks 5 19,500 19,500
Debtors 6 7,049 8,310
Cash at bank 8,526 3,433
35,075 31,243
CREDITORS
Amounts falling due within one year 7 23,411 8,586
NET CURRENT ASSETS 11,664 22,657
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,524

23,680

CREDITORS
Amounts falling due after more than one
year

8

(9,288

)

(23,372

)

PROVISIONS FOR LIABILITIES (215 ) -
NET ASSETS 3,021 308

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 3,020 307
3,021 308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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 29 July 2024 and were signed by:





Miss B Southwell - Director


ORA PEARLS LTD. (REGISTERED NUMBER: 09698424)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

ORA Pearls Ltd. 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.

Turnover

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

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

ORA PEARLS LTD. (REGISTERED NUMBER: 09698424)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022 - 3,220 3,220
Additions 123 - 123
At 31 July 2023 123 3,220 3,343
DEPRECIATION
At 1 August 2022 - 2,197 2,197
Charge for year 30 256 286
At 31 July 2023 30 2,453 2,483
NET BOOK VALUE
At 31 July 2023 93 767 860
At 31 July 2022 - 1,023 1,023

5. STOCKS
2023 2022
£    £   
Raw materials 19,500 19,500

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 5,673 7,310
VAT 376 -
6,049 7,310

Amounts falling due after more than one year:
Other debtors 1,000 1,000

Aggregate amounts 7,049 8,310

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,000 -
Tax - (1,800 )
Social security and other taxes 70 -
VAT - 3,583
Directors' current accounts 17,148 3,868
Accrued expenses 2,193 2,935
23,411 8,586

ORA PEARLS LTD. (REGISTERED NUMBER: 09698424)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 4,000 -
Bank loans more 5 yr by instal 5,288 -
Other creditors - 23,372
9,288 23,372

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,288 -

9. ULTIMATE CONTROLLING PARTY

The controlling party is Miss B Southwell.

This was by virtue of her 100% holding of the issued share capital.