Preheat oven to 350°F (180°C). Grease and flour two cake pans.
In a large bowl, whisk together the flour, baking powder, and salt.
In another bowl, cream together the butter and sugar until light and fluffy. Add the eggs one at a time, mixing well after each addition.
Gradually add the dry ingredients to the egg mixture, alternating with the milk. Mix until just combined.
Pour the batter into the prepared cake pans and bake for 25-30 minutes, or until a wooden skewer inserted into the center comes out clean. Let the cakes cool completely on a wire rack.
For the frosting, combine the cream cheese, powdered sugar, and vanilla extract in a bowl. Gently fold in the stiffly whipped heavy cream.
Layer the cake layers with the cream cheese frosting, covering the top and sides evenly. Smooth the frosting.
Decorate the top of the cake with macarons of various colors, arranging them artfully in a circular pattern. Place edible pearls between them to enhance the decoration.
Refrigerate the cake for at least one hour before serving to allow the frosting and decoration to set.
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