Pearls Consultancy Limited

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Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Pearls Consultancy Limited for the year ended 31 May 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pearls Consultancy Limited for the year ended 31 May 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Pearls Consultancy Limited , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Pearls Consultancy Limited and state those matters that we have agreed to state to the director of Pearls Consultancy Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pearls Consultancy Limited and its director, as a body, for our work or for this report.

It is your duty to ensure that Pearls Consultancy Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Pearls Consultancy Limited . You consider that Pearls Consultancy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Pearls Consultancy Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

05/01/2026

Newman Morris Ltd

Chartered Accountants

Wellington House

273-275 High Street

London Colney

Hertfordshire

AL2 1HA

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Pearls Consultancy Limited

Balance Sheet

As At 31 May 2025

Balance Sheet

Registered number: 09062534

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		180		579

			180		579
CURRENT ASSETS
Debtors	5	34,432		14,141
Cash at bank and in hand		474		41,189

		34,906		55,330
Creditors: Amounts Falling Due Within One Year	6	(15,983 )		(34,334 )

NET CURRENT ASSETS (LIABILITIES)			18,923		20,996

TOTAL ASSETS LESS CURRENT LIABILITIES			19,103		21,575

Creditors: Amounts Falling Due After More Than One Year	7		(17,044 )		(21,207 )

NET ASSETS			2,059		368

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			1,959		268

SHAREHOLDERS' FUNDS			2,059		368

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Pearls Consultancy Limited

Balance Sheet (continued)

As At 31 May 2025

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

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

The director acknowledges her 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Latha Prashanth

Director

05/01/2026

The notes on pages 4 to 6 form part of these financial statements.

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Pearls Consultancy Limited

Notes to the Financial Statements

For The Year Ended 31 May 2025

Notes to the Financial Statements

1. General Information

Pearls Consultancy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09062534 . The registered office is 273-275 High Street, London Colney, St Albans, Hertfordshire, AL2 1HA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

33% at straight line method

2.4. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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Pearls Consultancy Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 June 2024	8,910

As at 31 May 2025	8,910

Depreciation
As at 1 June 2024	8,331
Provided during the period	399

As at 31 May 2025	8,730

Net Book Value
As at 31 May 2025	180

As at 1 June 2024	579

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	13	13
Other debtors	3,597	3,597
Director's loan account	30,822	10,531

	34,432	14,141

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	8,000	8,000
Corporation tax	-	14,695
VAT	6,982	10,262
Accruals and deferred income	1,001	1,377

	15,983	34,334

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	8,000	8,000
Loan - more than 2-5 year	9,044	13,207

	17,044	21,207

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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Pearls Consultancy Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 June 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 May 2025
	£	£	£	£	£
Mrs Latha Prashanth	34,884	-	-	-	-

10. Ultimate Controlling Party

The Ultimate Party is the board of directors

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