2023-02-01 03011829 2024-01-31 03011829 2023-02-01 2024-01-31 03011829 2023-01-31 03011829 2022-02-01 2023-01-31 03011829 uk-core:WithinOneYear 2023-01-31 03011829 uk-core:WithinOneYear 2024-01-31 03011829 uk-core:AfterOneYear 2023-01-31 03011829 uk-core:AfterOneYear 2024-01-31 03011829 uk-core:ShareCapital 2024-01-31 03011829 uk-core:ShareCapital 2023-01-31 03011829 uk-core:InvestmentPropertiesRevaluationReserve 2024-01-31 03011829 uk-core:InvestmentPropertiesRevaluationReserve 2023-01-31 03011829 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 03011829 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 03011829 uk-bus:Director1 2023-02-01 2024-01-31 03011829 uk-bus:Director2 2023-02-01 2024-01-31 03011829 uk-core:CostValuation 2023-01-31 03011829 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-01-31 03011829 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-01-31 03011829 uk-core:CostValuation 2024-01-31 03011829 uk-core:Non-currentFinancialInstruments 2024-01-31 03011829 uk-core:Non-currentFinancialInstruments 2023-01-31 03011829 uk-core:WithinOneYear uk-core:Secured 2024-01-31 03011829 uk-core:WithinOneYear uk-core:Secured 2023-01-31 iso4217:GBP xbrli:pure 03011829 uk-bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 03011829 uk-bus:FRS102 2023-02-01 2024-01-31 03011829 uk-bus:FilletedAccounts 2023-02-01 2024-01-31 03011829 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31
Pearlgold Limited
Registered Number:03011829
For the year ended 31 January 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2024
Pearlgold Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
03011829
As at 31 January 2024
Pearlgold Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Financial assets
4,250,000
4,250,000
2
4,250,000
4,250,000
Current assets
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
Capital and reserves
Called up share capital
100
100
Fair value reserve
3,040,619
3,040,619
Retained earnings
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.
Surjit Singh Director
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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4
Registered Number :
03011829
For the year ended 31 January 2024
Pearlgold Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
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.
Registered address:
Unit 6, Blackwater Close
Fairview Industrial Park
Marsh Way
Rainham, Essex
RM13 8UA
The presentation currency is £ sterling.
1. Accounting policies
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.
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6
For the year ended 31 January 2024
Pearlgold Limited
Notes to the Financial Statements Continued
2. Investments held as fixed assets
Other investments
Total
At 01 February 2023
4,250,000
4,250,000
Cost
£
£
At 31 January 2024
4,250,000
4,250,000
At 31 January 2024
Net book value
4,250,000
4,250,000
At 01 February 2023
4,250,000
4,250,000
3. Trade and other receivables
2023
2024
£
£
Trade debtors
-
823
Other debtors
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
Trade creditors
25,100
36,700
Taxation and social security
41,130
35,468
Other creditors
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
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