Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30false2023-10-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06879069 2023-10-01 2024-09-30 06879069 2022-10-01 2023-09-30 06879069 2024-09-30 06879069 2023-09-30 06879069 c:Director1 2023-10-01 2024-09-30 06879069 c:Director2 2023-10-01 2024-09-30 06879069 c:Director3 2023-10-01 2024-09-30 06879069 c:RegisteredOffice 2023-10-01 2024-09-30 06879069 d:OfficeEquipment 2023-10-01 2024-09-30 06879069 d:OfficeEquipment 2024-09-30 06879069 d:OfficeEquipment 2023-09-30 06879069 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 06879069 d:CurrentFinancialInstruments 2024-09-30 06879069 d:CurrentFinancialInstruments 2023-09-30 06879069 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 06879069 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 06879069 d:ShareCapital 2024-09-30 06879069 d:ShareCapital 2023-09-30 06879069 d:SharePremium 2023-10-01 2024-09-30 06879069 d:OtherMiscellaneousReserve 2023-10-01 2024-09-30 06879069 d:OtherMiscellaneousReserve 2024-09-30 06879069 d:OtherMiscellaneousReserve 2023-09-30 06879069 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 06879069 d:RetainedEarningsAccumulatedLosses 2024-09-30 06879069 d:RetainedEarningsAccumulatedLosses 2023-09-30 06879069 c:OrdinaryShareClass1 2023-10-01 2024-09-30 06879069 c:OrdinaryShareClass1 2024-09-30 06879069 c:OrdinaryShareClass1 2023-09-30 06879069 c:FRS102 2023-10-01 2024-09-30 06879069 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 06879069 c:FullAccounts 2023-10-01 2024-09-30 06879069 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06879069 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06879069









PEARLS OF THE ORIENT (WHOLESALE) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
PEARLS OF THE ORIENT (WHOLESALE) LIMITED
 
 
COMPANY INFORMATION


Directors
G Walls 
S Walls 
V Walls 




Registered number
06879069



Registered office
1010 Eskdale Road
Winnersh Triangle

Wokingham

United Kingdom

RG41 5TS




Accountants
Donald Reid Limited

1010 Eskdale Road

Winnersh

Wokingham

England

RG41 5TS





 
PEARLS OF THE ORIENT (WHOLESALE) LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8


 
PEARLS OF THE ORIENT (WHOLESALE) LIMITED
REGISTERED NUMBER: 06879069

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
606
838

  
606
838

Current assets
  

Stocks
 5 
38,040
40,000

Debtors: amounts falling due within one year
 6 
25,746
17,965

Cash at bank and in hand
 7 
6,759
5,974

  
70,545
63,939

Creditors: amounts falling due within one year
 8 
(28,925)
(24,376)

Net current assets
  
 
 
41,620
 
 
39,563

Total assets less current liabilities
  
42,226
40,401

  

Net assets
  
42,226
40,401


Capital and reserves
  

Called up share capital 
 9 
100
100

Other reserves
 10 
20,000
20,000

Profit and loss account
 10 
22,126
20,301

  
42,226
40,401


Page 1

 
PEARLS OF THE ORIENT (WHOLESALE) LIMITED
REGISTERED NUMBER: 06879069
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 June 2025.




S Walls
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
PEARLS OF THE ORIENT (WHOLESALE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Pearls Of The Orient (Wholesale) Ltd is a private company limited by shares. The company was incorporated in the United Kingdom and is registered in England & Wales. The registration number is 06879069. The registered office is Donald Reid Group Limited 1010 Eskdale Road, Winnersh Triangle, Wokingham, United Kingdom, RG41 5TS.
The financial statements are presented in sterling, which is the functional currency of the company, rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
PEARLS OF THE ORIENT (WHOLESALE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
PEARLS OF THE ORIENT (WHOLESALE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
PEARLS OF THE ORIENT (WHOLESALE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 October 2023
7,370



At 30 September 2024

7,370



Depreciation


At 1 October 2023
6,532


Charge for the year on owned assets
232



At 30 September 2024

6,764



Net book value



At 30 September 2024
606



At 30 September 2023
838

Page 6

 
PEARLS OF THE ORIENT (WHOLESALE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Stocks

2024
2023
£
£

Raw materials and consumables
774
-

Finished goods and goods for resale
37,266
40,000

38,040
40,000



6.


Debtors

2024
2023
£
£


Trade debtors
21,521
17,555

Other debtors
3,946
25

Prepayments and accrued income
279
385

25,746
17,965



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
6,759
5,974

Less: bank overdrafts
(865)
-

5,894
5,974



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
865
-

Trade creditors
6,418
4,636

Other taxation and social security
3,317
5,029

Other creditors
16,675
13,136

Accruals and deferred income
1,650
1,575

28,925
24,376


Page 7

 
PEARLS OF THE ORIENT (WHOLESALE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



10.


Reserves

Share premium account

The share premium account records the amount above nominal value received for shares sold, less
transaction costs.

Other reserves

Other reserves consists of capital contributions. 

Profit and loss account

The profit and loss account records the cumulative profits or losses of the company since incorporation
less any dividends.


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £6,000 (2023: £6,000).


12.


Related party transactions

At the year end, included in creditors due within one year, is an amount of £861 (2023: £822) owed to the directors.

 
Page 8