PEARL SEAHORSE LTD

Company Registration Number:
14551930 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 20 December 2022

End date: 31 December 2023

PEARL SEAHORSE LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Additional notes

PEARL SEAHORSE LTD

Balance sheet

As at 31 December 2023

Notes 2023


£
Called up share capital not paid: 1
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 0
Investments:   0
Total current assets: 0
Prepayments and accrued income: 0
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 0
Total assets less current liabilities: 1
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 1
Capital and reserves
Called up share capital: 1
Share premium account: 0
Other reserves: 0
Profit and loss account: 0
Total Shareholders' funds: 1

The notes form part of these financial statements

PEARL SEAHORSE LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 16 September 2024
and signed on behalf of the board by:

Name: Wendy Hesketh
Status: Director

The notes form part of these financial statements

PEARL SEAHORSE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PEARL SEAHORSE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023
    Average number of employees during the period 1

    The company is a Personal Services Company of which I am the sole Director. I am the sole employee. I was asked to set up this PSC by my sole client of my services - a registered Scottish charity called Cornerstone who were my "deemed employer" under the off-payroll working regulations. They agreed to pay me £5000 for my services. They paid £3,606.87 into the bank account of Pearl Seahorse, informing me that they had deducted/retained £1,393.13 from the original amount agreed of £5,000 for tax and national insurance that they would then pay to HMRC. I have asked them for evidence of this payment to HMRC (several times) but they have not responded. They failed to carry out any employer's checks and do not even have my national insurance number, so I do not believe they have paid the tax or National Insurance on this sum. I was not a tax payer at that time as I had no employment elsewhere. Again, I am the sole director of Pearl Seahorse Ltd. Pearl Seahorse is a Personal Services Company that acted as an intermediary company in receipt of £3,606.87 from the sole client, Cornerstone, who were my "deemed employer" under the off-payroll working regulations. I then paid myself the £3,606.87 from Pearl Seahorse as a salary that was already net of tax and NI.