IRIS Accounts Production v25.3.0.601 07389803 director 1.10.24 30.9.25 30.9.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 07389803 2024-09-30 07389803 2025-09-30 07389803 2024-10-01 2025-09-30 07389803 2023-09-30 07389803 2023-10-01 2024-09-30 07389803 2024-09-30 07389803 ns15:EnglandWales 2024-10-01 2025-09-30 07389803 ns14:PoundSterling 2024-10-01 2025-09-30 07389803 ns10:Director1 2024-10-01 2025-09-30 07389803 ns10:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 07389803 ns10:SmallEntities 2024-10-01 2025-09-30 07389803 ns10:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 07389803 ns10:SmallCompaniesRegimeForDirectorsReport 2024-10-01 2025-09-30 07389803 ns10:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 07389803 ns10:FullAccounts 2024-10-01 2025-09-30 07389803 1 2024-10-01 2025-09-30 07389803 ns10:RegisteredOffice 2024-10-01 2025-09-30 07389803 ns5:CurrentFinancialInstruments 2025-09-30 07389803 ns5:CurrentFinancialInstruments 2024-09-30 07389803 ns5:Non-currentFinancialInstruments 2025-09-30 07389803 ns5:Non-currentFinancialInstruments 2024-09-30 07389803 ns5:ShareCapital 2025-09-30 07389803 ns5:ShareCapital 2024-09-30 07389803 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-09-30 07389803 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-09-30 07389803 ns5:RetainedEarningsAccumulatedLosses 2025-09-30 07389803 ns5:RetainedEarningsAccumulatedLosses 2024-09-30 07389803 ns5:NetGoodwill 2024-10-01 2025-09-30 07389803 ns5:NetGoodwill 2024-09-30 07389803 ns5:NetGoodwill 2025-09-30 07389803 ns5:NetGoodwill 2024-09-30 07389803 ns5:LandBuildings 2024-09-30 07389803 ns5:FurnitureFittings 2024-09-30 07389803 ns5:ComputerEquipment 2024-09-30 07389803 ns5:LandBuildings 2024-10-01 2025-09-30 07389803 ns5:FurnitureFittings 2024-10-01 2025-09-30 07389803 ns5:ComputerEquipment 2024-10-01 2025-09-30 07389803 ns5:LandBuildings 2025-09-30 07389803 ns5:FurnitureFittings 2025-09-30 07389803 ns5:ComputerEquipment 2025-09-30 07389803 ns5:LandBuildings 2024-09-30 07389803 ns5:FurnitureFittings 2024-09-30 07389803 ns5:ComputerEquipment 2024-09-30 07389803 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-09-30 07389803 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-09-30 07389803 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2025-09-30 07389803 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2024-09-30 07389803 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-09-30

REGISTERED NUMBER: 07389803 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 SEPTEMBER 2025 |

| FOR |

| LONDON PEARL LIMITED |

| LONDON PEARL LIMITED (REGISTERED NUMBER: 07389803) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 30 September 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Accountants' Report | 8 |

| LONDON PEARL LIMITED |

COMPANY INFORMATION

for the year ended 30 September 2025

| DIRECTOR: | D M Vecht

| REGISTERED OFFICE: | Suite A

| 1-3 Canfield Place

| London

| NW6 3BT

| REGISTERED NUMBER: | 07389803 (England and Wales)

| ACCOUNTANTS: | Cameron Baum Hollander Limited

| Suite A

| 1-3 Canfield Place

| London

| NW6 3BT

| LONDON PEARL LIMITED (REGISTERED NUMBER: 07389803) |

BALANCE SHEET

30 September 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 812,281 |  | 812,711 |  |

812,281 |  | 812,711 |  |

CURRENT ASSETS

Stocks | 6 | 331,700 |  | 345,800 |  |

Debtors | 7 | 242,019 |  | 144,156 |  |

Cash at bank | 1,099 |  | 25,034 |  |

574,818 |  | 514,990 |  |

CREDITORS

Amounts falling due within one year | 8 | 395,593 |  | 275,066 |  |

NET CURRENT ASSETS | 179,225 |  | 239,924 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 991,506 |  | 1,052,635 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (541,334 | ) | (619,274 | ) |

PROVISIONS FOR LIABILITIES | (74,390 | ) | (74,290 | ) |

NET ASSETS | 375,782 |  | 359,071 |  |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Fair value reserve | 10 | 323,183 |  | 323,183 |  |

Retained earnings | 51,599 |  | 34,888 |  |

SHAREHOLDERS' FUNDS | 375,782 |  | 359,071 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

| LONDON PEARL LIMITED (REGISTERED NUMBER: 07389803) |

BALANCE SHEET - continued

30 September 2025

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 19 January 2026 and were signed by:

D M Vecht - Director

| LONDON PEARL LIMITED (REGISTERED NUMBER: 07389803) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 30 September 2025

1. | STATUTORY INFORMATION

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

| These are the company's first set of financial statements prepared in accordance with FRS 102 Section 1A.

| The financial statements are prepared in UK Pound Sterling, which is the functional currency of the company.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable for goods and services, net of discounts, rebates and value added taxes.

| Income is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of the goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

| Tangible fixed assets

| Computer equipment, and fixtures and fittings are stated at historical cost less accumulated depreciation and accumulated impairment losses.

| Depreciation is recognised to write off the cost of assets less their residual values over their useful lives, using the straight line and reducing balance methods.

| The useful lives of each category of asset is as follows:

| Fixtures and fittings |  | - 15% reducing balance method |  |

| Computer equipment |  | - four years straight line |  |

| At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the income statement.

| If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the income statement.

| Stocks

| Stocks comprise consumable items and goods held for resale and are stated at the lower of cost and net realisable value. Cost is calculated on a first in, first out basis and includes a relevant proportion of overheads where applicable. Net realisable value comprises the actual or estimated selling price less all further costs to completion or to be incurred in marketing, selling and distribution.

| At the end of each reporting period, stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is recognised the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

| LONDON PEARL LIMITED (REGISTERED NUMBER: 07389803) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 30 September 2025

2. | ACCOUNTING POLICIES - continued

| 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 that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax 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.

| Foreign currencies

| The financial statements are presented in Sterling, which is also the functional currency of the Company. Transactions in currencies other than the functional currency of the Company are recorded at the rate of exchange on the date the transaction occurred.

| Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period, to the extent that monetary assets are unmatched to monetary liabilities. All differences are taken to profit and loss. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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 and loss in the period to which they relate.

| Freehold property

| Freehold property is initially measured at cost on acquisition and subsequently at fair value as at each

| accounts date. Changes in fair value are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold and charged to the profit and loss account.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 8 (2024 - 5 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 October 2024

| and 30 September 2025 | 1,000 |  |

| AMORTISATION

| At 1 October 2024

| and 30 September 2025 | 1,000 |  |

| NET BOOK VALUE

| At 30 September 2025 | - |  |

| At 30 September 2024 | - |  |

| LONDON PEARL LIMITED (REGISTERED NUMBER: 07389803) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 30 September 2025

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | and |  | Computer |

| property |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 October 2024 | 800,000 |  | 86,315 |  | 4,878 |  | 891,193 |  |

| Additions | - |  | 166 |  | 3,405 |  | 3,571 |  |

| At 30 September 2025 | 800,000 |  | 86,481 |  | 8,283 |  | 894,764 |  |

| DEPRECIATION

| At 1 October 2024 | - |  | 73,604 |  | 4,878 |  | 78,482 |  |

| Charge for year | - |  | 1,931 |  | 2,070 |  | 4,001 |  |

| At 30 September 2025 | - |  | 75,535 |  | 6,948 |  | 82,483 |  |

| NET BOOK VALUE

| At 30 September 2025 | 800,000 |  | 10,946 |  | 1,335 |  | 812,281 |  |

| At 30 September 2024 | 800,000 |  | 12,711 |  | - |  | 812,711 |  |

| Cost or valuation at 30 September 2025 is represented by:

| Fixtures |

| Freehold |  | and |  | Computer |

| property |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| Valuation in 2014 | 90,819 |  | - |  | - |  | 90,819 |  |

| Valuation in 2015 | 100,000 |  | - |  | - |  | 100,000 |  |

| Valuation in 2016 | 200,000 |  | - |  | - |  | 200,000 |  |

| Cost | 409,181 |  | 86,481 |  | 8,283 |  | 503,945 |  |

800,000 |  | 86,481 |  | 8,283 |  | 894,764 |  |

| If freehold land and buildings had not been revalued it would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 409,181 |  | 409,181 |  |

| Freehold land and building was valued on an open market basis on 30 September 2024 by D. M. Vecht, the director .

6. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 331,700 |  | 345,800 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 242,019 |  | 135,839 |  |

| Prepayments and accrued income | - |  | 8,317 |  |

242,019 |  | 144,156 |  |

| LONDON PEARL LIMITED (REGISTERED NUMBER: 07389803) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 30 September 2025

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 17,933 |  | 9,398 |  |

| Trade creditors | 283,917 |  | 212,591 |  |

| Tax | 15,821 |  | 8,241 |  |

| Social security and other taxes | 19,371 |  | 1,317 |  |

| VAT | 43,296 |  | 32,577 |  |

| Other creditors | 2,260 |  | 7,174 |  |

| Directors' current accounts | 9,495 |  | 268 |  |

| Accrued expenses | 3,500 |  | 3,500 |  |

395,593 |  | 275,066 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans - 1-2 years | - |  | 7,940 |  |

| Other loans - 1-2 years | 38,334 |  | 48,334 |  |

| Other loans - 2-5 years | 503,000 |  | 563,000 |  |

541,334 |  | 619,274 |  |

10. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 October 2024

| and 30 September 2025 | 323,183 |  |

11. | RELATED PARTY DISCLOSURES

| Included in 'Creditors: due after one year: Other Loans' are loans totalling £503,000 (2024: £563,000) on which no interest is charged and are not repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR

ON THE UNAUDITED FINANCIAL STATEMENTS OF

LONDON PEARL LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of London Pearl Limited for the year ended 30 September 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

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

We have not been instructed to carry out an audit or a review of the financial statements of London Pearl 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 statutory financial statements.

Cameron Baum Hollander Limited

Suite A

1-3 Canfield Place

London

NW6 3BT

19 January 2026