REGISTERED NUMBER: 04630136 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Pearldrop Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S P Mercer

Miss D J Austin

SECRETARY:

S P Mercer

REGISTERED OFFICE:

Second Floor

2 Walsworth Road

HITCHIN

Hertfordshire

SG4 9SP

REGISTERED NUMBER:

04630136 (England and Wales)

ACCOUNTANTS:

D and E Accountancy Ltd

Tax Advisors and Accountants

2nd Floor, 2 Walsworth Road

Hitchin

Hertfordshire

SG4 9SP

FIXED ASSETS

Tangible assets

4

20,865

24,346

CURRENT ASSETS

Stocks

6,211

14,009

Debtors

5

30,450

48,324

Cash at bank

5,551

14,460

42,212

76,793

CREDITORS

Amounts falling due within one year

6

79,535

81,929

NET CURRENT LIABILITIES

(37,323

)

(5,136

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(16,458

)

19,210

CREDITORS

Amounts falling due after more than one year

7

(5,768

)

(14,239

)

PROVISIONS FOR LIABILITIES

8

-

(4,625

)

NET (LIABILITIES)/ASSETS

(22,226

)

346

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(22,326

)

246

SHAREHOLDERS' FUNDS

(22,226

)

346

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 11 August 2026 and were signed on its behalf by:

S P Mercer - Director

1.	STATUTORY INFORMATION

Pearldrop 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2025

113,811

Additions

1,772

At 31 March 2026

115,583

DEPRECIATION

At 1 April 2025

89,465

Charge for year

5,253

At 31 March 2026

94,718

NET BOOK VALUE

At 31 March 2026

20,865

At 31 March 2025

24,346

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

28,759

38,917

Other debtors

1,691

9,407

30,450

48,324

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

1,658

3,064

Trade creditors

405

361

Taxation and social security

23,176

22,559

Other creditors

54,296

55,945

79,535

81,929

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

5,768

14,239

8.	PROVISIONS FOR LIABILITIES

31.3.25

£

Deferred tax

4,625

Deferred

tax

£

Balance at 1 April 2025

4,625

Accelerated Capital Allowances

(5,107

)

Balance at 31 March 2026

(482

)

9.	ULTIMATE CONTROLLING PARTY

The company was under the control of the director SP Mercer, who retains 51% of the issued share capital.

The company owes the Directors in excess of £52,000, there are no plans to withdraw this support at the present time.