Registration number:
White Pearl Capital Limited
for the Year Ended 31 March 2024
White Pearl Capital Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
White Pearl Capital Limited
Company Information
Director |
K A Baggette |
Registered office |
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Accountants |
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White Pearl Capital Limited
(Registration number: 11901083)
Balance Sheet as at 31 March 2024
Note |
2024 |
2023 |
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Fixed assets |
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Investments |
- |
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Other financial assets |
1,810,795 |
- |
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Current assets |
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Debtors |
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Investments |
- |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
25,000 |
25,000 |
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Share premium reserve |
- |
2,504,001 |
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Retained earnings |
5,267,980 |
1,926,590 |
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Shareholders' funds |
5,292,980 |
4,455,591 |
For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
White Pearl Capital Limited
(Registration number: 11901083)
Balance Sheet as at 31 March 2024
Director's responsibilities:
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The director acknowledges his 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.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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White Pearl Capital Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
White Pearl Capital Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in shares in group undertakings are recognised at cost.
Investments in other investments are measured at fair value, with changes in fair value recognised in profit or loss.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Investments |
2024 |
2023 |
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Other investments |
- |
100,105 |
Other investments |
£ |
Fair value |
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At 1 April 2023 |
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Disposals |
( |
At 31 March 2024 |
- |
White Pearl Capital Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
Other financial assets (current and non-current) |
Financial assets at amortised cost |
Total |
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Non-current financial assets |
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Cost or valuation |
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At 1 April 2023 |
1,810,795 |
1,810,795 |
At 31 March 2024 |
1,810,795 |
1,810,795 |
Impairment |
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Carrying amount |
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At 31 March 2024 |
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1,810,795 |
Debtors |
Note |
2024 |
2023 |
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Other debtors |
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Accrued income |
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- |
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Income tax asset |
- |
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Current asset investments |
2024 |
2023 |
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Shares in group undertakings |
- |
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White Pearl Capital Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
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Due within one year |
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Trade creditors |
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- |
Amounts owed to group undertakings |
- |
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Taxation and social security |
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- |
Accruals |
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Other creditors |
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Related party transactions |
Transactions with the director |
2024 |
At 1 April 2023 |
Advances to director |
At 31 March 2024 |
K A Baggette |
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Directors current account |
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2023 |
At 1 April 2022 |
Advances to director |
Repayments by director |
At 31 March 2023 |
K A Baggette |
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Directors current account |
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( |
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