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32 PEARLS LONDON LIMITED

Registered Number
08990196
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

32 PEARLS LONDON LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

Director

HUSEIN, Rumana

Registered Address

10 Capel Gardens
Pinner
HA5 5RG

Registered Number

08990196 (England and Wales)
32 PEARLS LONDON LIMITED
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets31,0371,383
1,0371,383
Current assets
Debtors45,3518,695
Cash at bank and on hand1,278412
6,6299,107
Creditors amounts falling due within one year5(5,672)(7,037)
Net current assets (liabilities)9572,070
Total assets less current liabilities1,9943,453
Creditors amounts falling due after one year6(160)(1,160)
Net assets1,8342,293
Capital and reserves
Called up share capital22
Profit and loss account1,8322,291
Shareholders' funds1,8342,293
The financial statements were approved and authorised for issue by the Director on 6 July 2025, and are signed on its behalf by:
HUSEIN, Rumana
Director
Registered Company No. 08990196
32 PEARLS LONDON LIMITED
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Office Equipment25
Financial instruments
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets: Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortized cost using the effective interest method
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20252024
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 April 241,3502,0233,373
At 31 March 251,3502,0233,373
Depreciation and impairment
At 01 April 241,1368541,990
Charge for year54292346
At 31 March 251,1901,1462,336
Net book value
At 31 March 251608771,037
At 31 March 242141,1691,383
4.Debtors: amounts due within one year

2025

2024

££
Other debtors5,3518,695
Total5,3518,695
5.Creditors: amounts due within one year

2025

2024

££
Bank borrowings and overdrafts1,0001,000
Taxation and social security4,6726,037
Total5,6727,037
6.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts1601,160
Total1601,160
Included within other creditors falling due within one year and creditors falling due after more than one year is £1,159 (2024: £2,159) in respect of a bank loan which is guaranteed by the government under Coronavirus Business Interruption Loan Scheme. The loan is repayable by May 2026 and interest is charged at 2.5% above base rate per annum on this loan.
7.Related party transactions
Included in other debtors due within 12 months is amount due from the director £5,349 (2024: £8,693).