Company Registration No. 15524843 (England and Wales)
Sea The Pearls Ltd
Unaudited accounts
for the period from 9 September 2024 to 31 July 2025
Sea The Pearls Ltd
Unaudited accounts
Contents
Sea The Pearls Ltd
Company Information
for the period from 9 September 2024 to 31 July 2025
Director
Humphrey Ka Wai Lee
Company Number
15524843 (England and Wales)
Registered Office
Tuite Tang Wong
15 The Broadway
Woodford Green
Essex
IG8 0HL
England
Accountants
Tuite Tang Wong
Chartered Certified Accountants
15 The Broadway
Woodford Green
Essex
IG8 0HL
Sea The Pearls Ltd
Statement of financial position
as at 31 July 2025
Intangible assets
77,575
-
Cash at bank and in hand
499,094
100
Creditors: amounts falling due within one year
(876,476)
-
Net current (liabilities)/assets
(119,130)
100
Called up share capital
1,000
100
Profit and loss account
192,558
-
Shareholders' funds
319,408
100
For the period ending 31 July 2025 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 June 2026 and were signed on its behalf by
Humphrey Ka Wai Lee
Director
Company Registration No. 15524843
Sea The Pearls Ltd
Notes to the Accounts
for the period from 9 September 2024 to 31 July 2025
Sea The Pearls Ltd is a private company, limited by shares, registered in England and Wales, registration number 15524843. The registered office is Tuite Tang Wong, 15 The Broadway, Woodford Green, Essex, IG8 0HL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line over the remaining term of lease
Plant & machinery
15% on reducing balance
Fixtures & fittings
15% on reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Sea The Pearls Ltd
Notes to the Accounts
for the period from 9 September 2024 to 31 July 2025
4
Intangible fixed assets
Goodwill
Other
Total
Additions
78,250
500
78,750
At 31 July 2025
78,250
500
78,750
Charge for the period
1,168
7
1,175
At 31 July 2025
1,168
7
1,175
At 31 July 2025
77,082
493
77,575
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 9 September 2024
-
-
-
-
Additions
352,209
13,243
3,240
368,692
At 31 July 2025
352,209
13,243
3,240
368,692
Charge for the period
5,257
1,986
486
7,729
At 31 July 2025
5,257
1,986
486
7,729
At 31 July 2025
346,952
11,257
2,754
360,963
Amounts falling due within one year
Accrued income and prepayments
4,308
-
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
140,934
-
Sea The Pearls Ltd
Notes to the Accounts
for the period from 9 September 2024 to 31 July 2025
8
Transactions with related parties
At the balance sheet date, the amount due to the director of the company was £29,870 (2024: £Nil). The amount due to the shareholders of the company was £81,553 (2024: £Nil) and the amount due from the other shareholders of the company was £126,000 (2024: £Nil).
9
Average number of employees
During the period the average number of employees was 30 (2024: 1).