REGISTERED NUMBER: 15437449 (England and Wales)

PROPERTIES OF PEARL LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J Fenn

B J Fenn

REGISTERED OFFICE:

37 Ffordd Glo Caled

Tondu

Bridgend

United Kingdom

CF32 9EL

REGISTERED NUMBER:

15437449 (England and Wales)

ACCOUNTANTS:

Green & Co

Accountants and Tax Advisors

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Tangible assets

4

312

462

Investment property

5

350,000

-

350,312

462

CURRENT ASSETS

Debtors

6

227

-

Cash at bank

7,203

121

7,430

121

CREDITORS

Amounts falling due within one year

7

158,740

4,978

NET CURRENT LIABILITIES

(151,310

)

(4,857

)

TOTAL ASSETS LESS CURRENT LIABILITIES

199,002

(4,395

)

CREDITORS

Amounts falling due after more than one year

8

(141,750

)

-

PROVISIONS FOR LIABILITIES

(20,758

)

-

NET ASSETS/(LIABILITIES)

36,494

(4,395

)

CAPITAL AND RESERVES

Called up share capital

10

2

2

Fair value reserve

11

62,273

-

Retained earnings

11

(25,781

)

(4,397

)

SHAREHOLDERS' FUNDS

36,494

(4,395

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th August 2026 and were signed on its behalf by:

C J Fenn - Director

1.	STATUTORY INFORMATION

Properties Of Pearl Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st February 2025

and 31st January 2026

599

DEPRECIATION

At 1st February 2025

137

Charge for year

150

At 31st January 2026

287

NET BOOK VALUE

At 31st January 2026

312

At 31st January 2025

462

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

266,969

Revaluations

83,031

At 31st January 2026

350,000

NET BOOK VALUE

At 31st January 2026

350,000

Fair value at 31st January 2026 is represented by:

£

Valuation in 2026

83,031

Cost

266,969

350,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Prepayments

227

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other creditors

3,823

-

Directors' current accounts

152,440

3,358

Accruals and deferred income

2,477

1,620

158,740

4,978

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Mortgage more 5 yr by instal

141,750

-

Amounts falling due in more than five years:

Repayable by instalments

Mortgage more 5 yr by instal

141,750

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

141,750

-

The loan is secured by a mortgage against the investment property.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

2

Ordinary

£1

2

2

11.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1st February 2025

(4,397

)

-

(4,397

)

Profit for the year

40,889

40,889

Revaluation

(62,273

)

62,273

-

At 31st January 2026

(25,781

)

62,273

36,492

12.	GOING CONCERN

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis preparing its financial statements.