Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30false32022-01-17falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13853900 2022-01-16 13853900 2022-01-17 2023-04-30 13853900 2021-05-01 2022-01-16 13853900 2023-04-30 13853900 c:CompanySecretary1 2022-01-17 2023-04-30 13853900 c:Director1 2022-01-17 2023-04-30 13853900 c:Director1 2023-04-30 13853900 c:Director2 2022-01-17 2023-04-30 13853900 c:Director2 2023-04-30 13853900 c:Director3 2022-01-17 2023-04-30 13853900 c:Director3 2023-04-30 13853900 c:Director4 2022-01-17 2023-04-30 13853900 c:Director4 2023-04-30 13853900 c:RegisteredOffice 2022-01-17 2023-04-30 13853900 d:CurrentFinancialInstruments 2023-04-30 13853900 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 13853900 d:ShareCapital 2022-01-17 2023-04-30 13853900 d:ShareCapital 2023-04-30 13853900 c:FRS102 2022-01-17 2023-04-30 13853900 c:AuditExempt-NoAccountantsReport 2022-01-17 2023-04-30 13853900 c:FullAccounts 2022-01-17 2023-04-30 13853900 c:PrivateLimitedCompanyLtd 2022-01-17 2023-04-30 13853900 d:Subsidiary1 2022-01-17 2023-04-30 13853900 d:Subsidiary1 1 2022-01-17 2023-04-30 13853900 d:Subsidiary2 2022-01-17 2023-04-30 13853900 d:Subsidiary2 1 2022-01-17 2023-04-30 13853900 2 2022-01-17 2023-04-30 13853900 6 2022-01-17 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 13853900










PEARS FAMILY INDUSTRIAL HOLDINGS LIMITED








UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2023

 
PEARS FAMILY INDUSTRIAL HOLDINGS LIMITED
 

COMPANY INFORMATION


DIRECTORS
Mark Pears CBE (appointed 17 January 2022)
Sir Trevor Pears CMG (appointed 17 January 2022)
David Pears (appointed 17 January 2022)
WPG Registrars Limited (appointed 17 January 2022)




COMPANY SECRETARY
William Bennett



REGISTERED NUMBER
13853900



REGISTERED OFFICE
Ground Floor
30 City Road

London

EC1Y 2AB





 
PEARS FAMILY INDUSTRIAL HOLDINGS LIMITED
 

CONTENTS



Page
Directors' Report
1
Statement of Comprehensive Income
2
Statement of Financial Position
3
Statement of Changes in Equity
4
Notes to the Financial Statements
5 - 9


 
PEARS FAMILY INDUSTRIAL HOLDINGS LIMITED
 

 
DIRECTORS' REPORT
FOR THE PERIOD ENDED 30 APRIL 2023

The directors present their report and the financial statements for the period ended 30 April 2023.

PRINCIPAL ACTIVITY

The principal activity was that of a holding company.
The company was incorporated on 17 January 2022.

DIRECTORS

The directors who served during the period were:

Mark Pears CBE (appointed 17 January 2022)
Sir Trevor Pears CMG (appointed 17 January 2022)
David Pears (appointed 17 January 2022)
WPG Registrars Limited (appointed 17 January 2022)

SMALL COMPANIES NOTE

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 16 October 2023 and signed on its behalf.
 





William Bennett
Secretary

Page 1

 
PEARS FAMILY INDUSTRIAL HOLDINGS LIMITED
 

STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 30 APRIL 2023

17 January 2022 to
 30 April 2023
£

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD
  
 
-

The notes on pages 5 to 9 form part of these financial statements.

Page 2

 
PEARS FAMILY INDUSTRIAL HOLDINGS LIMITED
REGISTERED NUMBER: 13853900

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2023

2023
Note
£

FIXED ASSETS
  

Investments
 4 
2,000

  
2,000

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
1,550

Cash at bank and in hand
  
450

  
2,000

Creditors: amounts falling due within one year
 6 
(3,000)

NET CURRENT (LIABILITIES)/ASSETS
  
 
 
(1,000)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,000

  

NET ASSETS
  
1,000


CAPITAL AND RESERVES
  

Called up share capital 
  
1,000

TOTAL EQUITY
  
1,000


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 October 2023.




David Pears
Director

The notes on pages 5 to 9 form part of these financial statements.

Page 3

 
PEARS FAMILY INDUSTRIAL HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 APRIL 2023


Called up share capital
Total equity

£
£

Shares issued during the period
1,000
1,000


AT 30 APRIL 2023
1,000
1,000

The notes on pages 5 to 9 form part of these financial statements.

Page 4

 
PEARS FAMILY INDUSTRIAL HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

1.


GENERAL INFORMATION

Pears Family Industrial Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Ground Floor, 30 City Road, London, EC1Y 2AB. The principal place of business is Haskell House, 152 West End Lane, London, NW6 1SD.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The company's functional and presentational currency is GBP and rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.5

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
PEARS FAMILY INDUSTRIAL HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

FINANCIAL INSTRUMENTS

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Statement of Financial Position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
 
Page 6

 
PEARS FAMILY INDUSTRIAL HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

2.ACCOUNTING POLICIES (CONTINUED)


2.8
FINANCIAL INSTRUMENTS (CONTINUED)


Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Page 7

 
PEARS FAMILY INDUSTRIAL HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

3.


EMPLOYEES

The average monthly number of employees, including the directors, during the period was as follows:


        2023
            No.






Directors
3


4.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies

£



COST OR VALUATION


Additions
2,000



At 30 April 2023
2,000





SUBSIDIARY UNDERTAKINGS


The following were subsidiary undertakings of the company:

Name

Registered office

Principal activity

Class of shares

Holding

Sauce Properties Limited
England
Property dealing
Ordinary
100%
Paper Estates Limited
England
Property dealing
Ordinary
100%

The registered office of the above direct subsidiaries is Ground Floor, 30 City Road, London, EC1Y 2AB.


5.


DEBTORS

2023
£

DUE WITHIN ONE YEAR

Other debtors
1,550

1,550


Page 8

 
PEARS FAMILY INDUSTRIAL HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
£

Other loans
2,000

Other creditors
1,000

3,000



7.


RELATED PARTY TRANSACTIONS

The company has taken advantage of the exemptions from disclosure available to subsidiary undertakings under FRS102 Section 1A, paragraph 1 AC.35 in connection with intra group transactions
At the year end there were the following balances with companies and entities in which the directors,  Mark Pears CBE, Sir Trevor Pears CMG and David Pears have an interest.


2023
£

Loan from WPG Treasury Limited
2,000

Page 9