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Registration number: 11901083

White Pearl Capital Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

White Pearl Capital Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

White Pearl Capital Limited

Company Information

Director

K A Baggette

Registered office

North House Braeside Business Park
Sterte Avenue West
Poole
Dorset
BH15 2BX

Accountants

Addicus
Chartered Accountants
4 The Axium Centre Dorchester Road
Lytchett Minster
Poole
Dorset
BH16 6FE

 

White Pearl Capital Limited

(Registration number: 11901083)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

-

100,105

Other financial assets

5

1,810,795

-

 

1,810,795

100,105

Current assets

 

Debtors

6

2,083,223

456,707

Investments

7

-

2,190,000

Cash at bank and in hand

 

1,449,111

2,122,505

 

3,532,334

4,769,212

Creditors: Amounts falling due within one year

8

(50,149)

(413,726)

Net current assets

 

3,482,185

4,355,486

Net assets

 

5,292,980

4,455,591

Capital and reserves

 

Called up share capital

25,000

25,000

Share premium reserve

-

2,504,001

Retained earnings

5,267,980

1,926,590

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:

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

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 director on 19 April 2024
 

K A Baggette
Director

   
     
 

White Pearl Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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:
North House Braeside Business Park
Sterte Avenue West
Poole
Dorset
BH15 2BX

These financial statements were authorised for issue by the director on 19 April 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.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Investments

2024
£

2023
£

Other investments

-

100,105

Other investments

£

Fair value

At 1 April 2023

100,105

Disposals

(100,105)

At 31 March 2024

-

 

White Pearl Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Other financial assets (current and non-current)

Financial assets at amortised cost
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2023

1,810,795

1,810,795

At 31 March 2024

1,810,795

1,810,795

Impairment

Carrying amount

At 31 March 2024

1,810,795

1,810,795

6

Debtors

Note

2024
£

2023
£

Other debtors

 

2,079,681

455,966

Accrued income

 

3,542

-

Income tax asset

-

741

 

2,083,223

456,707

7

Current asset investments

2024
£

2023
£

Shares in group undertakings

-

2,190,000

 

White Pearl Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

558

-

Amounts owed to group undertakings

-

386,995

Taxation and social security

23,460

-

Accruals

2,400

3,000

Other creditors

23,731

23,731

50,149

413,726

9

Related party transactions

Transactions with the director

2024

At 1 April 2023
£

Advances to director
£

At 31 March 2024
£

K A Baggette

Directors current account

37,520

1,466,016

1,503,536

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

K A Baggette

Directors current account

481,144

578,335

(1,021,959)

37,520