PEARL CONNEXIONS (PC) CIC

Company limited by guarantee

Company Registration Number:
13294525 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 1 April 2024

End date: 31 March 2025

PEARL CONNEXIONS (PC) CIC

Contents of the Financial Statements

for the Period Ended 31 March 2025

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

PEARL CONNEXIONS (PC) CIC

Profit And Loss Account

for the Period Ended 31 March 2025

2025 2024


£
£
Turnover: 2,615,681 2,393,714
Cost of sales: ( 2,596,476 ) ( 2,405,255 )
Gross profit(or loss): 19,205 (11,541)
Administrative expenses: ( 16,438 ) ( 14,534 )
Operating profit(or loss): 2,767 (26,075)
Profit(or loss) before tax: 2,767 (26,075)
Profit(or loss) for the financial year: 2,767 (26,075)

PEARL CONNEXIONS (PC) CIC

Balance sheet

As at 31 March 2025

Notes 2025 2024


£
£
Current assets
Cash at bank and in hand: 14,397 13,702
Total current assets: 14,397 13,702
Net current assets (liabilities): 14,397 13,702
Total assets less current liabilities: 14,397 13,702
Creditors: amounts falling due after more than one year: 3 ( 73,979 ) ( 76,051 )
Total net assets (liabilities): (59,582) (62,349)
Members' funds
Profit and loss account: (59,582) ( 62,349)
Total members' funds: ( 59,582) (62,349)

The notes form part of these financial statements

PEARL CONNEXIONS (PC) CIC

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 17 December 2025
and signed on behalf of the board by:

Name: J SAMUEL
Status: Director

The notes form part of these financial statements

PEARL CONNEXIONS (PC) CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods), the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

PEARL CONNEXIONS (PC) CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 1 1

PEARL CONNEXIONS (PC) CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Creditors: amounts falling due after more than one year note

2025 2024
£ £
Other creditors 73,979 76,051
Total 73,979 76,051

COMMUNITY INTEREST ANNUAL REPORT

PEARL CONNEXIONS (PC) CIC

Company Number: 13294525 (England and Wales)

Year Ending: 31 March 2025

Company activities and impact

PEARL CONNEXIONS (PC) CIC offers support to young people who wish to make positive life changing decisions that have a positive impact in their community and lives. Our focus is on deprived young people in the local community. We provide residential care and related services. We provide workshops. Our workshops include drama & performance, music production and healthy cooking workshops as well as sports related events such as football, basketball and boxing. These activities benefit young people by inspiring and empowering them in their lives, and help to bring the community together.

Consultation with stakeholders

Our stakeholders include various funders and local government. The stakeholder requirements are that reports and evaluations are submitted after the project has been completed. They have been satisfied with project delivery.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
17 December 2025

And signed on behalf of the board by:
Name: J SAMUEL
Status: Director