Pearl Management Limited 30/03/2025 iXBRL

Company registration number: 06691316

Pearl Management Limited

Unaudited filleted financial statements

30 March 2025

Pearl Management Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Pearl Management Limited

Directors and other information


	Directors	Mr L McLachlan
		Miss L McLachlan


	Company number	06691316


	Registered office	Old Hall Farm
		19 Barnston Lane
		Moreton
		Wirral
		CH46 7TN


	Accountants	Hailwood & Co.
		392-394 Hoylake Road
		Moreton
		Wirral
		CH46 6DF

Pearl Management Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Pearl Management Limited

Period ended 30 March 2025

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the period ended 30 March 2025 which comprise the statement of financial position and related notes.

You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Hailwood & Co.

392-394 Hoylake Road

Moreton

Wirral

CH46 6DF

19 December 2025

Pearl Management Limited

Statement of financial position

30 March 2025

		30/03/25		30/03/24
	Note	£	£	£	£

Fixed assets
Intangible assets	6	188		2,647
Tangible assets	7	1,140,886		1,173,112
		_______		_______
			1,141,074		1,175,759

Current assets
Debtors	8	1,023,494		945,388
Cash at bank and in hand		8,308		1,884
		_______		_______
		1,031,802		947,272
Creditors: amounts falling due
within one year	9	( 2,980,754)		( 2,305,754)
		_______		_______
Net current liabilities			( 1,948,952)		( 1,358,482)
			_______		_______
Total assets less current liabilities			( 807,878)		( 182,723)

			_______		_______
Net liabilities			( 807,878)		( 182,723)
			_______		_______

Capital and reserves
Called up share capital			353		353
Revaluation reserve			1,029,603		1,029,603
Profit and loss account			( 1,837,834)		( 1,212,679)
			_______		_______
Shareholders deficit			( 807,878)		( 182,723)
			_______		_______

For the period ending 30 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 19 December 2025 , and are signed on behalf of the board by:

Miss L McLachlan

Director

Company registration number: 06691316

Pearl Management Limited

Notes to the financial statements

Period ended 30 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Old Hall Farm, 19 Barnston Lane, Moreton, Wirral, CH46 7TN.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. 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.

Judgements and key sources of estimation uncertainty

In the application of the group's accounting policies, management is required to make judgements, estimates and assumptions about carrying values of assets and liabilities that are not readily available from other sources. The estimates and underlying assumptions are based on experience and other factors considered to be relevant. Actual results may differ from these estimates.The key judgements and sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements relate to estimated useful lives and residual values of fixed assets as detailed in accounting policies. Estimated useful lives and residual values are reviewed annually and revised if necessary.

Taxation

The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. 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 tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax payable or recoverable using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting 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.Current or deferred taxation assets and liabilities are not discounted.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.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and any accumulated impairment losses.Computer software is amortised evenly over its useful life of 3 years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets, other than freehold property, are held at cost less depreciation and any provisions for impairment where applicable.Freehold property is held at revaluation less depreciation and any provisions for impairments where applicable. Revaluations are carried out with sufficient regularity to ensure that the carrying amount does not differ materially from the fair value at the end of the reporting period.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Land and buildings - 2% on cost Property improvements - 2% on cost Fixtures and fittings - 25% on cost Motor vehicles - 25% on cost Computers - 33% on cost

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Staff costs

The average number of persons employed by the company during the period amounted to 8 (2024: 9 ).

The aggregate payroll costs incurred during the period were:

	Year	Year
	ended	ended
	30/03/25	30/03/24
	£	£
Wages and salaries	185,325	207,546
Social security costs	25,321	18,504
Other pension costs	1,133	2,094
	_______	_______
	211,779	228,144
	_______	_______

5. Directors remuneration

The directors aggregate remuneration in respect of qualifying services was:

	Year	Year
	ended	ended
	30/03/25	30/03/24
	£	£
Remuneration	15,912	15,912
	_______	_______

6. Intangible assets

	Other intangible assets	Total
	£	£
Cost
At 31 March 2024 and 30 March 2025	27,699	27,699
	_______	_______
Amortisation
At 31 March 2024	25,052	25,052
Charge for the period	2,459	2,459
	_______	_______
At 30 March 2025	27,511	27,511
	_______	_______
Carrying amount
At 30 March 2025	188	188
	_______	_______
At 30 March 2024	2,647	2,647
	_______	_______

7. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Tangible assets - user defined	Total
	£	£	£	£	£	£
Cost
At 31 March 2024	1,100,000	98,179	18,116	27,321	97,296	1,340,912
Additions	-	-	415	-	555	970
	_______	_______	_______	_______	_______	_______
At 30 March 2025	1,100,000	98,179	18,531	27,321	97,851	1,341,882
	_______	_______	_______	_______	_______	_______
Depreciation
At 31 March 2024	21,935	16,803	13,639	27,321	88,102	167,800
Charge for the year	21,935	1,952	2,628	-	6,681	33,196
	_______	_______	_______	_______	_______	_______
At 30 March 2025	43,870	18,755	16,267	27,321	94,783	200,996
	_______	_______	_______	_______	_______	_______
Carrying amount
At 30 March 2025	1,056,130	79,424	2,264	-	3,068	1,140,886
	_______	_______	_______	_______	_______	_______
At 30 March 2024	1,078,065	81,376	4,477	-	9,194	1,173,112
	_______	_______	_______	_______	_______	_______

8. Debtors

	30/03/25	30/03/24
	£	£
Trade debtors	4,154	5,477
Other debtors	1,019,340	939,911
	_______	_______
	1,023,494	945,388
	_______	_______

9. Creditors: amounts falling due within one year

	30/03/25	30/03/24
	£	£
Trade creditors	13,536	20,154
Amounts owed to group undertakings and undertakings in which the company has a participating interest	2,944,356	2,285,183
Corporation tax	( 26,042)	( 14,873)
Social security and other taxes	47,579	3,065
Other creditors	1,325	12,225
	_______	_______
	2,980,754	2,305,754
	_______	_______

10. Related party transactions

During the period the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	Year	Year	Year	Year
	ended	ended	ended	ended
	30/03/25	30/03/24	30/03/25	30/03/24
	£	£	£	£
Management fees charged to Apex Europe Limited	-	-	-	-
Management fees charged to Emerald Sales Limited	-	-	-	-
Other creditors - Amounts owed to Apex Europe Limited	-	-	( 2,252,866)	( 1,752,612)
Other creditors - Amounts owed to Emerald Sales Limited	-	-	( 691,490)	( 532,571)
Other creditors - Amounts owed to Emerald Contor Limited	-	-	-	-
Other debtors - Amounts owed from Blue Garnet Management Services Limited	-	-	299,872	293,598
Other debtors - Due from director Mr L. McLachlan	-	-	-	237,372
Other debtors - Due from director Miss L. McLachlan	-	-	281,690	20,446
	_______	_______	_______	_______

Apex Europe Limited, Emerald Sales Limited, and Blue Garnet Management Services Limited are related parties by virtue of common directors and shareholders.Amounts owed to Apex Europe Limited, Emerald Sales Limited, and Blue Garnet Management Services Limited are due on demand, with no interest charged.Amounts due from directors are charged interest at a rate of 2%.

11. Controlling party

The ultimate controlling party of the company is Mr L. McLachlan, who is a director.