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REGISTERED NUMBER: 07849017 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

PEARL RESTAURANTS LIMITED

PEARL RESTAURANTS LIMITED (REGISTERED NUMBER: 07849017)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PEARL RESTAURANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr C W Knight
Mr G C Nicie





SECRETARY: Mrs B J Howe





REGISTERED OFFICE: Unit 19 Mitchell Point
Ensign Way
Hamble
Southampton
Hampshire
SO31 4RF





REGISTERED NUMBER: 07849017 (England and Wales)





ACCOUNTANTS: BK Plus Limited
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

PEARL RESTAURANTS LIMITED (REGISTERED NUMBER: 07849017)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 278,143 310,461
Investments 5 1 1
278,144 310,462

CURRENT ASSETS
Debtors 6 311,358 206,185
Cash at bank 7,631 45,470
318,989 251,655
CREDITORS
Amounts falling due within one year 7 86,230 97,740
NET CURRENT ASSETS 232,759 153,915
TOTAL ASSETS LESS CURRENT
LIABILITIES

510,903

464,377

CREDITORS
Amounts falling due after more than one
year

8

(436,130

)

(448,611

)

PROVISIONS FOR LIABILITIES (11,115 ) (12,807 )
NET ASSETS 63,658 2,959

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 63,558 2,859
63,658 2,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PEARL RESTAURANTS LIMITED (REGISTERED NUMBER: 07849017)

BALANCE SHEET - continued
31 JANUARY 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by:





Mr C W Knight - Director


PEARL RESTAURANTS LIMITED (REGISTERED NUMBER: 07849017)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Pearl Restaurants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents amounts receivable for nightclub services provided, net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the property lease
Plant and machinery - 15% on reducing balance
Computer equipment - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PEARL RESTAURANTS LIMITED (REGISTERED NUMBER: 07849017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Short Plant and Computer
leasehold machinery equipment Totals
£    £    £    £   
COST
At 1 February 2023
and 31 January 2024 418,105 59,259 1,028 478,392
DEPRECIATION
At 1 February 2023 137,045 30,042 844 167,931
Charge for year 27,874 4,383 61 32,318
At 31 January 2024 164,919 34,425 905 200,249
NET BOOK VALUE
At 31 January 2024 253,186 24,834 123 278,143
At 31 January 2023 281,060 29,217 184 310,461

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 1
NET BOOK VALUE
At 31 January 2024 1
At 31 January 2023 1

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 265,100 174,201
Other debtors 11,037 17,131
276,137 191,332

PEARL RESTAURANTS LIMITED (REGISTERED NUMBER: 07849017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Amounts owed by group undertakings 35,221 14,853

Aggregate amounts 311,358 206,185

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,545 7,280
Trade creditors 43,094 4,835
Taxation and social security 8,517 90
Other creditors 27,074 85,535
86,230 97,740

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 30,179 36,401
Amounts owed to group undertakings 364,721 367,232
Other creditors 41,230 44,978
436,130 448,611

9. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Blade Consultancy Limited and their registered office address is Unit 19, Mitchell Point Ensign Way, Southampton, Hampshire SO31 4RF.