Siren & Pearl Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07950634 (England and Wales)

Unaudited Financial Statements

for the Period 1 March 2017 to 14 April 2018

for

Siren & Pearl Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms K Sayer

Mrs G D Wheatley

REGISTERED OFFICE:

Oak House

Heartenoak Road

Hawkhurst

Cranbrook

Kent

TN18 5EU

BUSINESS ADDRESS:

96 High Street

RYE

East Sussex

TN31 7JN

REGISTERED NUMBER:

07950634 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Bank Chambers

61 High Street

Cranbrook

Kent

TN17 3EG

FIXED ASSETS

Tangible assets

4

-

710

CURRENT ASSETS

Stocks

-

42,075

Debtors

5

-

2,586

Cash at bank and in hand

10,477

1,331

10,477

45,992

CREDITORS

Amounts falling due within one year

6

52,439

48,200

NET CURRENT LIABILITIES

(41,962

)

(2,208

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(41,962

)

(1,498

)

CREDITORS

Amounts falling due after more than one year

7

-

35,062

NET LIABILITIES

(41,962

)

(36,560

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(41,964

)

(36,562

)

SHAREHOLDERS' FUNDS

(41,962

)

(36,560

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 14 April 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 14 April 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 15 November 2018 and were signed on its behalf by:

Ms K Sayer - Director

Mrs G D Wheatley - Director

1.	STATUTORY INFORMATION

Siren & 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Taxation

Taxation for the period 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 period 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 period was 3 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 March 2017

2,165

861

3,026

Disposals

(2,165

)

(861

)

(3,026

)

At 14 April 2018

-

-

-

DEPRECIATION

At 1 March 2017

1,455

861

2,316

Charge for period

159

-

159

Eliminated on disposal

(1,614

)

(861

)

(2,475

)

At 14 April 2018

-

-

-

NET BOOK VALUE

At 14 April 2018

-

-

-

At 28 February 2017

710

-

710

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

14.4.18

28.2.17

£

£

Other debtors

-

2,586

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

14.4.18

28.2.17

£

£

Trade creditors

3,521

19,555

Taxation and social security

5,542

2,441

Other creditors

43,376

26,204

52,439

48,200

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

14.4.18

28.2.17

£

£

Other creditors

-

35,062

8.	RELATED PARTY DISCLOSURES