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Registration number: 13824303

Pearl Accommodation Ltd

Annual Report and Unaudited Financial Statements

for the Period from 1 January 2023 to 30 November 2023

 

Pearl Accommodation Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Pearl Accommodation Ltd

Company Information

Directors

Mr Keith William Mabey

Miss Louise Elizabeth Clarke

Registered office

1 Market Hill
Calne
Wiltshire
SN11 0BT

Accountants

RiverView Portfolio Limited
1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Pearl Accommodation Ltd

(Registration number: 13824303)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

1,052

-

Current assets

 

Stocks

6

-

1

Cash at bank and in hand

 

70

-

 

70

1

Creditors: Amounts falling due within one year

7

(20,225)

-

Net current (liabilities)/assets

 

(20,155)

1

Net (liabilities)/assets

 

(19,103)

1

Capital and reserves

 

Called up share capital

8

1,000

1

Retained earnings

(20,103)

-

Shareholders' (deficit)/funds

 

(19,103)

1

For the financial period ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 27 August 2024 and signed on its behalf by:
 

.........................................
Mr Keith William Mabey
Director

.........................................
Miss Louise Elizabeth Clarke
Director

 

Pearl Accommodation Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Market Hill
Calne
Wiltshire
SN11 0BT
England

These financial statements were authorised for issue by the Board on 27 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

25% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Pearl Accommodation Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 30 November 2023 (continued)

2

Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0 (2022 - 0).

4

Loss/profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

351

-

 

Pearl Accommodation Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 30 November 2023 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

1,403

1,403

At 30 November 2023

1,403

1,403

Depreciation

Charge for the period

351

351

At 30 November 2023

351

351

Carrying amount

At 30 November 2023

1,052

1,052

6

Stocks

2023
£

2022
£

Finished goods and goods for resale

-

1

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

725

-

Other creditors

19,500

-

20,225

-

8

Share capital

Allotted, called up and fully paid shares

 

Pearl Accommodation Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 30 November 2023 (continued)

8

Share capital (continued)

2023

2022

No.

£

No.

£

Ordinary Shares - A of £1 each

420

420

1

1

Ordinary Shares - B of £1 (2022 - £0) each

420

420

-

-

Ordinary Shares - C of £1 (2022 - £0) each

160

160

-

-

1,000

1,000

1

1