Company registration number 11229691 (England and Wales)
PEARL TOGETHER LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
PEARL TOGETHER LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
PEARL TOGETHER LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Stocks
4,901,760
1,562,300
Debtors
4
181,947
9,874
Cash at bank and in hand
545,514
77,262
5,629,221
1,649,436
Creditors: amounts falling due within one year
5
(769,642)
(62,577)
Net current assets
4,859,579
1,586,859
Creditors: amounts falling due after more than one year
6
(4,777,420)
(1,543,723)
Net assets
82,159
43,136
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
82,059
43,036
Total equity
82,159
43,136

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 18 September 2025 and are signed on its behalf by:
Mr T J H Webber
Director
Company registration number 11229691 (England and Wales)
PEARL TOGETHER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

PEARL Together Limited is a private company limited by shares incorporated in England and Wales. The registered office is 8 Kenyon Road, Lomeshaye Industrial Estate, Nelson, Lancashire, BB9 5SP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company is reliant upon support provided to it by true external finance providers and its shareholder companies in order to meet its obligations as they fall due. The directors have indicated that there is no reason why this support will not continue for the foreseeable future.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

PEARL TOGETHER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts 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. A m ounts 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 amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

PEARL TOGETHER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Valuation of work in progress

Valuation of work in progress is initially measured at cost and subsequently at cost less any impairment losses. As such, management are required to perform a review on each element of work in progress to determine whether any impairment losses have occurred. If any impairment is deemed to exist, quantifying such an impairment may require judgements to be made.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
8
8
PEARL TOGETHER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
175,194
-
0
Other debtors
6,753
9,874
181,947
9,874
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
760,025
61,127
Taxation and social security
8,618
-
0
Other creditors
999
1,450
769,642
62,577
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
2,590,048
-
0
Other creditors
2,187,372
1,543,723
4,777,420
1,543,723

Other creditors comprises amounts due to the companies who hold shares in the company. In total the loans are £2,187,372 (20 24 - £1,543,723). Monies are advanced in proportion to the number of shares held. These loans are unsecured and interest bearing at a commercial rate of interest.

The bank loan is secured by way of a fixed and floating charge over the company's assets.

7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
15
15
15
15
Ordinary B shares of £1 each
35
35
35
35
Ordinary C shares of £1 each
50
50
50
50
100
100
100
100
2025-03-31 2024-04-01 false false false 25 September 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr T J H Webber Mr A Couper Cllr D Whipp Cllr A Mahmood Mr K Ruth Mr M Dunford Cllr S Cockburn-Price Cllr M Hanif Mr A Ward Mr A Couper 11229691 2024-04-01 2025-03-31 11229691 2025-03-31 11229691 2024-03-31 11229691 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 11229691 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 11229691 core:WithinOneYear 2025-03-31 11229691 core:WithinOneYear 2024-03-31 11229691 core:AfterOneYear 2025-03-31 11229691 core:AfterOneYear 2024-03-31 11229691 core:CurrentFinancialInstruments 2024-03-31 11229691 core:ShareCapital 2025-03-31 11229691 core:ShareCapital 2024-03-31 11229691 core:RetainedEarningsAccumulatedLosses 2025-03-31 11229691 core:RetainedEarningsAccumulatedLosses 2024-03-31 11229691 core:ShareCapitalOrdinaryShareClass1 2025-03-31 11229691 core:ShareCapitalOrdinaryShareClass1 2024-03-31 11229691 core:ShareCapitalOrdinaryShareClass2 2025-03-31 11229691 core:ShareCapitalOrdinaryShareClass2 2024-03-31 11229691 core:ShareCapitalOrdinaryShareClass3 2025-03-31 11229691 core:ShareCapitalOrdinaryShareClass3 2024-03-31 11229691 core:ShareCapitalOrdinaryShares 2025-03-31 11229691 core:ShareCapitalOrdinaryShares 2024-03-31 11229691 bus:Director1 2024-04-01 2025-03-31 11229691 2023-04-01 2024-03-31 11229691 core:CurrentFinancialInstruments 2025-03-31 11229691 core:Non-currentFinancialInstruments 2025-03-31 11229691 core:Non-currentFinancialInstruments 2024-03-31 11229691 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 11229691 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 11229691 bus:OrdinaryShareClass3 2024-04-01 2025-03-31 11229691 bus:OrdinaryShareClass1 2025-03-31 11229691 bus:OrdinaryShareClass1 2024-03-31 11229691 bus:OrdinaryShareClass2 2025-03-31 11229691 bus:OrdinaryShareClass2 2024-03-31 11229691 bus:OrdinaryShareClass3 2025-03-31 11229691 bus:OrdinaryShareClass3 2024-03-31 11229691 bus:AllOrdinaryShares 2025-03-31 11229691 bus:AllOrdinaryShares 2024-03-31 11229691 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11229691 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11229691 bus:FRS102 2024-04-01 2025-03-31 11229691 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 11229691 bus:Director2 2024-04-01 2025-03-31 11229691 bus:Director3 2024-04-01 2025-03-31 11229691 bus:Director4 2024-04-01 2025-03-31 11229691 bus:Director5 2024-04-01 2025-03-31 11229691 bus:Director6 2024-04-01 2025-03-31 11229691 bus:Director7 2024-04-01 2025-03-31 11229691 bus:Director8 2024-04-01 2025-03-31 11229691 bus:Director9 2024-04-01 2025-03-31 11229691 bus:CompanySecretary1 2024-04-01 2025-03-31 11229691 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP