Company Registration No. 10755217 (England and Wales)
Pearl 23 Limited
Unaudited accounts
for the year ended 31 May 2024
Pearl 23 Limited
Unaudited accounts
Contents
Pearl 23 Limited
Company Information
for the year ended 31 May 2024
Director
Caroline Susan Rae
Company Number
10755217 (England and Wales)
Registered Office
82a James Carter Road
Mildenhall
IP28 7DE
United Kingdom
Accountants
JK Business Services Ltd
Axwell House
2 Westerton Road
Broxburn
West Lothian
EH52 5AU
Pearl 23 Limited
Statement of financial position
as at 31 May 2024
Tangible assets
2,499
3,417
Cash at bank and in hand
5,800
8,531
Creditors: amounts falling due within one year
(8,087)
(9,711)
Net current assets
5,269
9,220
Total assets less current liabilities
7,768
12,637
Creditors: amounts falling due after more than one year
(7,101)
(12,055)
Called up share capital
100
100
Profit and loss account
567
482
Shareholders' funds
667
582
For the year ending 31 May 2024 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 January 2025 and were signed on its behalf by
Caroline Susan Rae
Director
Company Registration No. 10755217
Pearl 23 Limited
Notes to the Accounts
for the year ended 31 May 2024
Pearl 23 Limited is a private company, limited by shares, registered in England and Wales, registration number 10755217. The registered office is 82a James Carter Road, Mildenhall, IP28 7DE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at a rate of 25% straight-line in order to write off the assets over their estimated useful lives.
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Trade debtors
2,981
10,400
Pearl 23 Limited
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,955
4,955
Taxes and social security
3,007
4,531
Loans from directors
-
225
7
Creditors: amounts falling due after more than one year
2024
2023
8
Transactions with related parties
During the year the company operated a loan account with its director Caroline Rae. At the balance sheet date, the amount due to the company by the director was £4,575 which is included within the figure for other debtors per note 5 above. This loan has been repaid since the end of the financial year.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).