Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31Selling motor vehicle parts to trade customers.false2023-01-01false6460truetrue 01292813 2023-01-01 2023-12-31 01292813 2022-01-01 2022-12-31 01292813 2023-12-31 01292813 2022-12-31 01292813 2022-01-01 01292813 c:Director2 2023-01-01 2023-12-31 01292813 d:MotorVehicles 2023-01-01 2023-12-31 01292813 d:MotorVehicles 2023-12-31 01292813 d:MotorVehicles 2022-12-31 01292813 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01292813 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 01292813 d:FurnitureFittings 2023-01-01 2023-12-31 01292813 d:FurnitureFittings 2023-12-31 01292813 d:FurnitureFittings 2022-12-31 01292813 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01292813 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 01292813 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01292813 d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 01292813 d:Goodwill 2023-01-01 2023-12-31 01292813 d:Goodwill 2023-12-31 01292813 d:Goodwill 2022-12-31 01292813 d:CurrentFinancialInstruments 2023-12-31 01292813 d:CurrentFinancialInstruments 2022-12-31 01292813 d:Non-currentFinancialInstruments 2023-12-31 01292813 d:Non-currentFinancialInstruments 2022-12-31 01292813 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 01292813 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 01292813 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 01292813 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 01292813 d:ShareCapital 2023-12-31 01292813 d:ShareCapital 2022-12-31 01292813 d:ShareCapital 2022-01-01 01292813 d:SharePremium 2023-12-31 01292813 d:SharePremium 2022-12-31 01292813 d:SharePremium 2022-01-01 01292813 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 01292813 d:RetainedEarningsAccumulatedLosses 2023-12-31 01292813 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 01292813 d:RetainedEarningsAccumulatedLosses 2022-12-31 01292813 d:RetainedEarningsAccumulatedLosses 2022-01-01 01292813 c:OrdinaryShareClass1 2023-01-01 2023-12-31 01292813 c:OrdinaryShareClass1 2023-12-31 01292813 c:OrdinaryShareClass1 2022-12-31 01292813 c:OrdinaryShareClass2 2023-01-01 2023-12-31 01292813 c:OrdinaryShareClass2 2023-12-31 01292813 c:OrdinaryShareClass2 2022-12-31 01292813 c:OrdinaryShareClass3 2023-01-01 2023-12-31 01292813 c:OrdinaryShareClass3 2023-12-31 01292813 c:OrdinaryShareClass3 2022-12-31 01292813 c:OrdinaryShareClass4 2023-01-01 2023-12-31 01292813 c:OrdinaryShareClass4 2023-12-31 01292813 c:OrdinaryShareClass4 2022-12-31 01292813 c:OrdinaryShareClass5 2023-01-01 2023-12-31 01292813 c:OrdinaryShareClass5 2023-12-31 01292813 c:OrdinaryShareClass5 2022-12-31 01292813 c:FRS102 2023-01-01 2023-12-31 01292813 c:Audited 2023-01-01 2023-12-31 01292813 c:FullAccounts 2023-01-01 2023-12-31 01292813 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01292813 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 01292813 d:HirePurchaseContracts d:WithinOneYear 2022-12-31 01292813 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 01292813 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 01292813 d:HirePurchaseContracts d:MoreThanFiveYears 2023-12-31 01292813 d:HirePurchaseContracts d:MoreThanFiveYears 2022-12-31 01292813 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01292813 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 01292813 2 2023-01-01 2023-12-31 01292813 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 01292813 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 01292813 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-31 01292813 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-12-31 01292813 d:LeasedAssetsHeldAsLessee 2023-12-31 01292813 d:LeasedAssetsHeldAsLessee 2022-12-31 01292813 d:Goodwill d:OwnedIntangibleAssets 2023-01-01 2023-12-31 01292813 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01292813









PEARLCASTLE LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
PEARLCASTLE LIMITED
REGISTERED NUMBER: 01292813

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
493,748
-

Tangible assets
 5 
543,805
368,785

  
1,037,553
368,785

Current assets
  

Stocks
  
1,654,103
1,696,106

Debtors: amounts falling due within one year
 6 
920,811
885,244

Cash at bank and in hand
 7 
65,244
54,771

  
2,640,158
2,636,121

Creditors: amounts falling due within one year
 8 
(1,549,899)
(1,109,633)

Net current assets
  
 
 
1,090,259
 
 
1,526,488

Total assets less current liabilities
  
2,127,812
1,895,273

Creditors: amounts falling due after more than one year
 9 
(107,742)
(29,436)

Provisions for liabilities
  

Deferred tax
 11 
(70,021)
(83,098)

  
 
 
(70,021)
 
 
(83,098)

Net assets
  
1,950,049
1,782,739


Capital and reserves
  

Called up share capital 
 12 
140
140

Share premium account
  
121,658
121,658

Profit and loss account
  
1,828,251
1,660,941

  
1,950,049
1,782,739


Page 1

 
PEARLCASTLE LIMITED
REGISTERED NUMBER: 01292813
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


A Shah
Director

Date: 10 September 2024

The notes on pages 4 to 15 form part of these financial statements.

Page 2

 
PEARLCASTLE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 January 2022
140
121,658
1,145,990
1,267,788


Comprehensive income for the year

Profit for the year
-
-
694,951
694,951


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(180,000)
(180,000)



At 1 January 2023
140
121,658
1,660,941
1,782,739


Comprehensive income for the year

Profit for the year
-
-
409,310
409,310


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(242,000)
(242,000)


At 31 December 2023
140
121,658
1,828,251
1,950,049


The notes on pages 4 to 15 form part of these financial statements.

Page 3

 
PEARLCASTLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Pearlcastle Limited is a private company limited by shares and registered in England and Wales. The company's registration number is 01292813. The registered office address is Unit 14a, Brunswick Industrial Park, Brunswick Way, London, N11 1JL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

Temporary rent concessions occurring as a direct consequence of the COVID-19 pandemic have been recognised on a systematic basis over the periods that the change in lease income is intended to compensate. This is conditional on:

the change in lease income resulting in revised consideration for the lease that is less than the consideration for the lease immediately preceding the change;
any reduction in lease income affecting only income originally due on or before 30 June 2022;
there being no significant change to other terms and conditions of the lease.

Page 4

 
PEARLCASTLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Temporary rent concessions occurring as a direct consequence of the COVID-19 pandemic have been recognised on a systematic basis over the periods that the change in lease payments is intended to compensate. This is conditional on:

the change in lease payments resulting in revised consideration for the lease that is less than the consideration for the lease immediately preceding the change;
any reduction in lease payments affecting only payments originally due on or before 30 June 2022;
there being no significant change to other terms and conditions of the lease.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
PEARLCASTLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.11

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.12

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 6

 
PEARLCASTLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.12
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.13

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.14

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.15

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.16

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 7

 
PEARLCASTLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.17

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.18

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Page 8

 
PEARLCASTLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.18
Financial instruments (continued)

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.19

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the Directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
3
3



Administration
-
57



Employees
61
-

64
60

Page 9

 
PEARLCASTLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
37,000


Additions
499,998



At 31 December 2023

536,998



Amortisation


At 1 January 2023
37,000


Charge for the year on owned assets
6,250



At 31 December 2023

43,250



Net book value



At 31 December 2023
493,748



At 31 December 2022
-



Page 10

 
PEARLCASTLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 January 2023
412,940
930,347
1,343,287


Additions
331,920
5,302
337,222


Disposals
(64,075)
-
(64,075)



At 31 December 2023

680,785
935,649
1,616,434



Depreciation


At 1 January 2023
235,626
738,876
974,502


Charge for the year on owned assets
63,974
27,436
91,410


Charge for the year on financed assets
6,717
-
6,717



At 31 December 2023

306,317
766,312
1,072,629



Net book value



At 31 December 2023
374,468
169,337
543,805



At 31 December 2022
177,314
191,471
368,785

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
331,704
53,179

331,704
53,179

Page 11

 
PEARLCASTLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
659,530
622,536

Amounts owed by group undertakings
205,304
205,559

Other debtors
34,799
44,939

Prepayments and accrued income
21,178
12,210

920,811
885,244



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
65,244
54,771

Less: bank overdrafts
(240,926)
(95,959)

(175,682)
(41,188)



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
240,926
95,959

Trade creditors
705,314
496,691

Amounts owed to group undertakings
28,304
172,304

Corporation tax
-
89,485

Other taxation and social security
211,024
186,668

Obligations under finance lease and hire purchase contracts
114,640
21,138

Other creditors
200,000
-

Accruals and deferred income
49,691
47,388

1,549,899
1,109,633


The bank overdraft is secured by a guarantee supported by a debenture creating a fixed and floating charge over the assets of the Company. 

Page 12

 
PEARLCASTLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
107,742
29,436

107,742
29,436


The bank loan is repayable in May 2022 and is secured by the UK Government's Enterprise Finance Guarantee.


10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
116,601
21,138

Between 1-5 years
107,742
18,171

Over 5 years
-
11,265

224,343
50,574

Leases are secured over the assets to which they relate.

Page 13

 
PEARLCASTLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Deferred taxation




2023
2022


£

£






At beginning of year
(83,098)
(52,201)


Charged to the profit or loss
13,077
(30,897)



At end of year
(70,021)
(83,098)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
70,021
83,098

(70,021)
(83,098)


12.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10 (2022 - 10) Ordinary A shares of £1.00 each
10
10
10 (2022 - 10) Ordinary B shares of £1.00 each
10
10
10 (2022 - 10) Ordinary C shares of £1.00 each
10
10
10 (2022 - 10) Ordinary D shares of £1.00 each
10
10
10 (2022 - 10) Ordinary E shares of £1.00 each
10
10
10 (2022 - 10) Ordinary F shares of £1.00 each
10
10
10 (2022 - 10) Ordinary G shares of £1.00 each
10
10
10 (2022 - 10) Ordinary H shares of £1.00 each
10
10
10 (2022 - 10) Ordinary I shares of £1.00 each
10
10
10 (2022 - 10) Ordinary J shares of £1.00 each
10
10
10 (2022 - 10) Ordinary K shares of £1.00 each
10
10
10 (2022 - 10) Ordinary L shares of £1.00 each
10
10
10 (2022 - 10) Ordinary M shares of £1.00 each
10
10
10 (2022 - 10) Ordinary N shares of £1.00 each
10
10

140

140


Page 14

 
PEARLCASTLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

13.


Controlling party

The parent undertaking is Castlepearl Limited, a company incorporated in England & Wales and whose registered office address is Unit 14a Brunswick Industrial Park, Brunswick Way, London N11 1JL. 
The accounts of the Company are included in the consolidated financial statements of Castlepearl Limited, copies of which are available from Companies House.
In the opinion of the directors there is no controlling party.


14.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 10 September 2024 by Alexander Chrysaphiades FCA (Senior Statutory Auditor) on behalf of Adler Shine LLP.

 
Page 15