Preheat oven to 350°F (180°C). Grease and flour a cake pan.
In a large bowl, whisk together the flour and baking powder.
In another bowl, cream together the butter and granulated sugar until light and fluffy. Beat in the eggs one at a time.
Stir in the vanilla extract and milk, then gradually add the dry ingredients to the wet ingredients, mixing until just combined.
Pour the batter into the prepared pan and bake for 30-35 minutes, or until a wooden skewer inserted into the center comes out clean. Let cool completely in the pan before frosting.
For the frosting, whip the heavy cream with the powdered sugar until stiff peaks form.
Level the cake if needed. Layer the cake with the whipped cream frosting, then frost the top and sides evenly.
Cover the cake with white fondant and smooth it out evenly.
Sprinkle the top and sides of the cake with edible glitter dust, then arrange the gold edible decorative pearls as desired.
Refrigerate the cake for at least one hour to allow the decoration to set. Slice and serve.
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