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REGISTERED NUMBER: 09698424 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

ORA PEARLS LTD.

ORA PEARLS LTD. (REGISTERED NUMBER: 09698424)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ORA PEARLS LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: B Southwell





REGISTERED OFFICE: 346 Fulham Road
London
SW10 9UH





REGISTERED NUMBER: 09698424 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

ORA PEARLS LTD. (REGISTERED NUMBER: 09698424)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 645 860

CURRENT ASSETS
Stocks 5 9,750 19,500
Debtors 6 1,257 7,049
Cash at bank 299 8,526
11,306 35,075
CREDITORS
Amounts falling due within one year 7 49,525 23,411
NET CURRENT (LIABILITIES)/ASSETS (38,219 ) 11,664
TOTAL ASSETS LESS CURRENT LIABILITIES (37,574 ) 12,524

CREDITORS
Amounts falling due after more than one year 8 (5,318 ) (9,288 )

PROVISIONS FOR LIABILITIES (161 ) (215 )
NET (LIABILITIES)/ASSETS (43,053 ) 3,021

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (43,054 ) 3,020
(43,053 ) 3,021

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

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

The director acknowledges her 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.

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 director and authorised for issue on 24 July 2025 and were signed by:





B Southwell - Director


ORA PEARLS LTD. (REGISTERED NUMBER: 09698424)

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


1. STATUTORY INFORMATION

ORA Pearls Ltd. 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

ORA PEARLS LTD. (REGISTERED NUMBER: 09698424)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 123 3,220 3,343
DEPRECIATION
At 1 August 2023 30 2,453 2,483
Charge for year 23 192 215
At 31 July 2024 53 2,645 2,698
NET BOOK VALUE
At 31 July 2024 70 575 645
At 31 July 2023 93 767 860

5. STOCKS
2024 2023
£    £   
Raw materials 9,750 19,500

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 257 5,673
VAT - 376
257 6,049

Amounts falling due after more than one year:
Other debtors 1,000 1,000

Aggregate amounts 1,257 7,049

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,000 4,000
Trade creditors 1,500 -
Social security and other taxes 634 70
VAT 45 -
Other creditors (911 ) -
Directors' current accounts 42,756 17,148
Accrued expenses 1,501 2,193
49,525 23,411

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 4,000 4,000
Bank loans more 5 yr by instal 1,318 5,288
5,318 9,288

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,318 5,288

ORA PEARLS LTD. (REGISTERED NUMBER: 09698424)

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


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year end, Miss B Southwell increased her loan to the company.As at 31 July 2024, the company owed her £42,756 (2023: 17,149). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The controlling party is B Southwell.

This was by virtue of her 100% holding of the issued share capital.