Registered number
04075706
Pearl Investments (Solihull) Limited
Unaudited Filleted Accounts
30 September 2024
Pearl Investments (Solihull) Limited
Registered number: 04075706
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 777,520 777,520
Current assets
Debtors 4 53,585 53,580
Cash at bank and in hand 32,907 9,307
86,492 62,887
Creditors: amounts falling due within one year 5 (185,082) (179,529)
Net current liabilities (98,590) (116,642)
Total assets less current liabilities 678,930 660,878
Creditors: amounts falling due after more than one year 6 (1,826) (4,244)
Net assets 677,104 656,634
Capital and reserves
Called up share capital 1 1
Revaluation reserve 7 243,021 243,021
Profit and loss account 434,082 413,612
Shareholder's funds 677,104 656,634
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs P H Brandreth
Director
Approved by the board on 12 June 2025
Pearl Investments (Solihull) Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Rent is measured at the fair value of the consideration received or receivable, net of discounts and vat.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2023 777,520 4,133 781,653
At 30 September 2024 777,520 4,133 781,653
Depreciation
At 1 October 2023 - 4,133 4,133
At 30 September 2024 - 4,133 4,133
Net book value
At 30 September 2024 777,520 - 777,520
At 30 September 2023 777,520 - 777,520
Freehold land and buildings: 2024 2023
£ £
Historical cost 531,979 531,979
Cumulative depreciation based on historical cost - -
531,979 531,979
4 Debtors 2024 2023
£ £
Other debtors 53,585 53,580
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,556 2,556
Trade creditors 248 -
Taxation and social security costs 5,036 6,775
Other creditors 177,242 170,198
185,082 179,529
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,826 4,244
7 Revaluation reserve 2024 2023
£ £
At 1 October 2023 243,021 243,021
At 30 September 2024 243,021 243,021
8 Controlling party
The ultimate controlling party of Pearl Investments (Solihull) Limited is Mr JS Brandreth.
9 Other information
Pearl Investments (Solihull) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Tally Ho
Dyers Lane
Chipping Campden
Gloucestershire
GL55 6EB
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