Pearla Bay Limited iXBRL

Company Registration Number: NI723174

Pearla Bay Limited

Abridged Unaudited Financial Statements

for the financial period from 30 October 2024 (date of incorporation) to 31 December 2025

Pearla Bay Limited

Company Registration Number: NI723174

ABRIDGED BALANCE SHEET

as at 31 December 2025

Dec 25

Notes

Current Assets

Stocks

17,860

Cash and cash equivalents

26,868

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44,728

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Creditors: amounts falling due within one year

(9,317)

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Net Current Assets

35,411

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Total Assets less Current Liabilities

35,411

Creditors:

amounts falling due after more than one year

(13,088)

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Net Assets

22,323

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Capital and Reserves

Called up share capital

Retained earnings

22,323

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Shareholders' Funds

22,323

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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).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.

For the financial period from 30 October 2024 (date of incorporation) to 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.

Approved by the Board and authorised for issue on 16 April 2026 and signed on its behalf by



________________________________			________________________________
Louise McDonnell			Fionnuala McAughey
Director			Director

Pearla Bay Limited

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial period from 30 October 2024 (date of incorporation) to 31 December 2025

General Information

Pearla Bay Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI723174. The registered office of the company is 2 Church Street, Ballygawley, Co Tyrone, BT70 2HB, Northern Ireland. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial period ended 31 December 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Stocks

Stocks are valued at the lower of cost and net realisable value. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Period of financial statements

The financial statements are for the 14 month 2 days period from 30 October 2024 (date of incorporation) to 31 December 2025.

Statement on previous periods

The company did not present financial statements for previous periods.

Employees

The average monthly number of employees, including directors, during the financial period was 3, (Oct 24 - 0).

Dec 25

Number

Employees

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Capital commitments

The company had no material capital commitments at the financial period-ended 31 December 2025.

Post-Balance Sheet Events

There have been no significant events affecting the company since the financial period-end.