REGISTERED NUMBER: 07529077 (England and Wales)

PEARL DENTAL STUDIOS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr S M C Lee

SECRETARY:

MC Secretaries Limited

REGISTERED OFFICE:

3 Offington Lane

Worthing

West Sussex

BN14 9RY

REGISTERED NUMBER:

07529077 (England and Wales)

ACCOUNTANTS:

Morris Crocker

Chartered Accountants

Station House

North Street

Havant

Hampshire

PO9 1QU

FIXED ASSETS

Intangible assets

4

594,062

636,496

Tangible assets

5

23,969

37,575

618,031

674,071

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

6

31,902

36,757

Cash at bank and in hand

83,741

81,361

116,643

119,118

CREDITORS

Amounts falling due within one year

7

548,430

611,190

NET CURRENT LIABILITIES

(431,787

)

(492,072

)

TOTAL ASSETS LESS CURRENT LIABILITIES

186,244

181,999

CREDITORS

Amounts falling due after more than one year

8

(3,750

)

(16,735

)

PROVISIONS FOR LIABILITIES

(5,251

)

(8,489

)

NET ASSETS

177,243

156,775

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

177,241

156,773

SHAREHOLDERS' FUNDS

177,243

156,775

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 1 September 2025 and were signed by:

Dr S M C Lee - Director

1.	STATUTORY INFORMATION

Pearl Dental Studios Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents the provision of dental services provided during the year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses by the parent company, transferred into this company as part of the transfer of trade and assets on 1 April 2019, is

being amortised evenly over estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Dental equipment

-

20% on cost

Fixtures and fittings

-

20% on cost

Stocks

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

Financial instruments

Debtors and cash at bank: Trade and other debtors are recognised at the settlement amount due after any trade discount offered. prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand includes cash on deposit or in a current account.

Creditors and provisions: Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of economic benefits to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the balance sheet date, except as otherwise required in the paragraphs below.

Unrelieved 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 shall not be recognised on permanent differences, other than a business combination where assets (other than goodwill) give rise to an deferred tax asset or liability.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

848,666

AMORTISATION

At 1 April 2024

212,170

Charge for year

42,434

At 31 March 2025

254,604

NET BOOK VALUE

At 31 March 2025

594,062

At 31 March 2024

636,496

5.	TANGIBLE FIXED ASSETS

Fixtures

Dental

and

equipment

fittings

Totals

£

£

£

COST

At 1 April 2024

88,929

69,742

158,671

Additions

5,950

730

6,680

At 31 March 2025

94,879

70,472

165,351

DEPRECIATION

At 1 April 2024

71,740

49,356

121,096

Charge for year

8,773

11,513

20,286

At 31 March 2025

80,513

60,869

141,382

NET BOOK VALUE

At 31 March 2025

14,366

9,603

23,969

At 31 March 2024

17,189

20,386

37,575

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Dental

equipment

£

COST

At 1 April 2024

and 31 March 2025

13,800

DEPRECIATION

At 1 April 2024

8,280

Charge for year

2,760

At 31 March 2025

11,040

NET BOOK VALUE

At 31 March 2025

2,760

At 31 March 2024

5,520

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

28,819

35,327

Other debtors

3,083

1,430

31,902

36,757

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

2,985

2,816

Trade creditors

27,796

25,746

Amounts owed to group undertakings

382,156

455,684

Taxation and social security

45,235

46,568

Other creditors

90,258

80,376

548,430

611,190

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

2,083

5,068

Other creditors

1,667

11,667

3,750

16,735

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

5,068

7,884

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1.00

2

2

11.	RELATED PARTY DISCLOSURES

The company was charged rent of £25,000 (2024: £25,000) by the parent company, Stan Lee Holdings Limited.

The company was charged interest of £25,000 (2024: £25,000) on intercompany loan from the parent company, Stan Lee Holdings Limited.

12.	PARENT AND ULTIMATE CONTROLLING PARTY

The parent company is Stan Lee Holdings Limited registered in England and Wales.

The registered office address is 3 Offington Lane, Worthing, West Sussex, BN14 9RY. This is the same address for the principal place of business. The ultimate controlling party is Dr S M C Lee.