Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 2024-04-01 principal activity of the company is that of a jewellers false 17 15 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01675371 2024-04-01 2025-03-31 01675371 2023-04-01 2024-03-31 01675371 2025-03-31 01675371 2024-03-31 01675371 2023-04-01 01675371 c:Director1 2024-04-01 2025-03-31 01675371 d:Buildings d:ShortLeaseholdAssets 2024-04-01 2025-03-31 01675371 d:Buildings d:ShortLeaseholdAssets 2025-03-31 01675371 d:Buildings d:ShortLeaseholdAssets 2024-03-31 01675371 d:FurnitureFittings 2024-04-01 2025-03-31 01675371 d:FurnitureFittings 2025-03-31 01675371 d:FurnitureFittings 2024-03-31 01675371 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 01675371 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 01675371 d:ComputerSoftware 2025-03-31 01675371 d:ComputerSoftware 2024-03-31 01675371 d:CurrentFinancialInstruments 2025-03-31 01675371 d:CurrentFinancialInstruments 2024-03-31 01675371 d:Non-currentFinancialInstruments 2025-03-31 01675371 d:Non-currentFinancialInstruments 2024-03-31 01675371 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 01675371 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 01675371 d:ShareCapital 2025-03-31 01675371 d:ShareCapital 2024-03-31 01675371 d:RetainedEarningsAccumulatedLosses 2025-03-31 01675371 d:RetainedEarningsAccumulatedLosses 2024-03-31 01675371 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 01675371 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 01675371 d:OtherDeferredTax 2025-03-31 01675371 d:OtherDeferredTax 2024-03-31 01675371 c:OrdinaryShareClass1 2024-04-01 2025-03-31 01675371 c:OrdinaryShareClass1 2025-03-31 01675371 c:FRS102 2024-04-01 2025-03-31 01675371 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 01675371 c:FullAccounts 2024-04-01 2025-03-31 01675371 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01675371 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2024-04-01 2025-03-31 01675371 2 2024-04-01 2025-03-31 01675371 d:ComputerSoftware d:OwnedIntangibleAssets 2024-04-01 2025-03-31 01675371 e:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01675371 CELLINI (PEARLS) LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
CELLINI (PEARLS) LIMITED REGISTERED NUMBER: 01675371 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
FIXED ASSETS |  |  |  |  |
Intangible assets | 4 |  | 7,742 |  | -
Tangible assets | 5 |  | 93,331 |  | 85,150
|  |  | 101,073 |  | 85,150
CURRENT ASSETS |  |  |  |  |
Stocks |  | 1,148,454 |  | 861,501 |
Debtors | 6 | 1,347,946 |  | 1,388,569 |
Cash at bank and in hand |  | 499,603 |  | 339,678 |
|  | 2,996,003 |  | 2,589,748 |
Creditors: amounts falling due within one year | 7 | (233,249) |  | (167,305) |
NET CURRENT ASSETS |  |  | 2,762,754 |  | 2,422,443
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,863,827 |  | 2,507,593
PROVISIONS FOR LIABILITIES |  |  |  |  |
Deferred tax | 8 | (22,430) |  | (20,304) |
|  |  | (22,430) |  | (20,304)
NET ASSETS |  |  | 2,841,397 |  | 2,487,289
CAPITAL AND RESERVES |  |  |  |  |
Called up share capital | 9 |  | 100 |  | 100
Profit and loss account |  |  | 2,841,297 |  | 2,487,189
|  |  | 2,841,397 |  | 2,487,289
Page 1
CELLINI (PEARLS) LIMITED REGISTERED NUMBER: 01675371 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 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 by:
Mr J Bainbridge
Director
Date: 6 October 2025
The notes on pages 3 to 9 form part of these financial statements. Page 2
CELLINI (PEARLS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | GENERAL INFORMATION
Cellini (Pearls) Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 4 Rose Crescent, Cambridge, CB2 3LL. 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 | FOREIGN CURRENCY TRANSLATION
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
| 2.3 | TURNOVER
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
| 2.4 | 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. Page 3
CELLINI (PEARLS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.4 | TANGIBLE FIXED ASSETS (CONTINUED)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Short-term leasehold property | - | straight line over the period of the lease
|  |  |  | Fixtures and fittings | - | 15% straight line
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.
| 2.5 | STOCKS
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
| 2.6 | 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.
| 2.7 | 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.
| 2.8 | 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.
| 2.9 | DIVIDENDS
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
| 2.10 | OPERATING LEASES
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Page 4
CELLINI (PEARLS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.11 | 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.
| 2.12 | INTEREST INCOME
Interest income is recognised in profit or loss using the effective interest method.
| 2.13 | CURRENT AND DEFERRED TAXATION
The tax expense for the year comprises current and deferred tax. 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. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.14 | INTANGIBLE ASSETS
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. Page 5
CELLINI (PEARLS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.15 | PROVISIONS FOR LIABILITIES
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
3. | EMPLOYEES
| The average monthly number of employees, including directors, during the year was 17 (2024 - 15).
4. | INTANGIBLE ASSETS
|  | Computer software
|  | £
| COST |
| Additions | 8,640
| At 31 March 2025 | 8,640
| AMORTISATION |
| Charge for the year on owned assets | 898
| At 31 March 2025 | 898
| NET BOOK VALUE |
| At 31 March 2025 | 7,742
| At 31 March 2024 | -
Page 6
CELLINI (PEARLS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | TANGIBLE FIXED ASSETS
|  | Short-term leasehold property | Fixtures and fittings | Total
|  | £ | £ | £
| COST OR VALUATION |  |  |
| At 1 April 2024 | 29,615 | 155,363 | 184,978
| Additions | 8,027 | 16,731 | 24,758
| At 31 March 2025 | 37,642 | 172,094 | 209,736
| DEPRECIATION |  |  |
| At 1 April 2024 | 16,254 | 83,574 | 99,828
| Charge for the year on owned assets | 1,690 | 14,887 | 16,577
| At 31 March 2025 | 17,944 | 98,461 | 116,405
| NET BOOK VALUE |  |  |
| At 31 March 2025 | 19,698 | 73,633 | 93,331
| At 31 March 2024 | 13,361 | 71,789 | 85,150
Page 7
CELLINI (PEARLS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | DEBTORS
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| DUE AFTER MORE THAN ONE YEAR |  |
| Amounts owed by group undertakings | 1,316,954 | 1,323,677
|  | 1,316,954 | 1,323,677
| DUE WITHIN ONE YEAR |  |
| Other debtors | 7,049 | 8,714
| Prepayments and accrued income | 23,943 | 56,178
|  | 1,347,946 | 1,388,569
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 46,261 | 47,006
| Corporation tax | 115,984 | 67,873
| Other taxation and social security | 52,379 | 29,536
| Other creditors | 4,557 | 12,606
| Accruals and deferred income | 14,068 | 10,284
|  | 233,249 | 167,305
| Included above are amounts due to defined contribution pension schemes of £3,300 (2024 - £4,186).
Page 8
CELLINI (PEARLS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8. | DEFERRED TAXATION
|  | 2025 | 2024
|  | £ | £
| At beginning of year | 20,304 | 9,025
| Charged to profit or loss | 2,126 | 11,279
| AT END OF YEAR | 22,430 | 20,304
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | 22,975 | 20,851
| Other short-term timing differences | (545) | (547)
|  | 22,430 | 20,304
9. | SHARE CAPITAL
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | ALLOTTED, CALLED UP AND FULLY PAID |  |
|  | 100 Ordinary shares of £1 each | 100 | 100
10.OTHER FINANCIAL COMMITMENTS Total financial commitments, guarantees and contingencies that are not included in the balance sheet amount to £625,833 (2024 - £487,500).
Page 9