Registered Number:03011829 |
For the year ended 31 January 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 January 2024
Pearlgold Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Pearlgold Limited
Statement of Financial Position
2023
2024
4,250,000
4,250,000
2
4,250,000
4,250,000
Trade and other receivables |
2,776
3,464
3
323,376
Cash and cash equivalents |
157,183
160,647
326,152
Trade and other payables: amounts falling due within one |
year |
(400,535)
(173,386)
4
(74,383)
(12,739)
Net current liabilities
Total assets less current liabilities |
4,237,261
4,175,617
Trade and other payables: amounts falling due after more |
than one year |
(549,206)
(476,931)
5
(577,718)
(577,718)
Provisions for liabilities |
3,182,612
Net assets
3,048,693
100
100
3,040,619
3,040,619
141,893
7,974
3,182,612
3,048,693
Shareholders' funds
For the year ended 31 January 2024 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 of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Gurprit Singh Toot Director |
These financial statements were approved and authorised for issue by the Board on 12 July 2024 and were signed by: |
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For the year ended 31 January 2024
Pearlgold Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 4
For the year ended 31 January 2024
Pearlgold Limited
Notes to the Financial Statements
Statutory Information
Pearlgold Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number |
03011829. |
Unit 6, Blackwater Close
Fairview Industrial Park
Marsh Way
Rainham, Essex
RM13 8UA
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover represents rents receivable.
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a fair value reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified. |
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.Deferred tax is provided at the current rate of 19% on the amount of fair value reserve. |
3 of 4
For the year ended 31 January 2024
Pearlgold Limited
Notes to the Financial Statements Continued
2. Investments held as fixed assets |
4,250,000
4,250,000
4,250,000
4,250,000
4,250,000
4,250,000
4,250,000
4,250,000
3. Trade and other receivables |
2023
2024
-
823
3,464
1,953
2,776
3,464
4. Trade and other payables: amounts falling due within one year |
2023
2024
Bank loans and overdraft (secured) |
104,699
325,910
25,100
36,700
Taxation and social security |
41,130
35,468
2,457
2,457
173,386
400,535
5. Trade and other payables: amounts falling due after more than one year |
2023
2024
Bank loans and overdraft (secured) |
476,931
549,206
6. Average number of persons employed |
During the year the average number of employees was 0
4 of 4