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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
Page
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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
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Pearl 23 Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,499 
3,417 
Current assets
Debtors
7,556 
10,400 
Cash at bank and in hand
5,800 
8,531 
13,356 
18,931 
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)
Net assets
667 
582 
Capital and reserves
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
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Pearl 23 Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
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 
£ 
Cost or valuation
At cost 
At 1 June 2023
6,405 
At 31 May 2024
6,405 
Depreciation
At 1 June 2023
2,988 
Charge for the year
918 
At 31 May 2024
3,906 
Net book value
At 31 May 2024
2,499 
At 31 May 2023
3,417 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,981 
10,400 
Other debtors
4,575 
- 
7,556 
10,400 
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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 
Other creditors
125 
- 
Loans from directors
- 
225 
8,087 
9,711 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,101 
12,055 
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).
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