Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30falsetrue32022-05-01false3The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 1755141 2022-05-01 2023-04-30 1755141 2021-05-01 2022-04-30 1755141 2023-04-30 1755141 2022-04-30 1755141 2021-05-01 1755141 1 2022-05-01 2023-04-30 1755141 1 2021-05-01 2022-04-30 1755141 2 2022-05-01 2023-04-30 1755141 2 2021-05-01 2022-04-30 1755141 3 2022-05-01 2023-04-30 1755141 3 2021-05-01 2022-04-30 1755141 d:CompanySecretary1 2022-05-01 2023-04-30 1755141 d:Director1 2022-05-01 2023-04-30 1755141 d:Director2 2022-05-01 2023-04-30 1755141 d:Director3 2022-05-01 2023-04-30 1755141 d:Director4 2022-05-01 2023-04-30 1755141 d:RegisteredOffice 2022-05-01 2023-04-30 1755141 e:FreeholdInvestmentProperty 2023-04-30 1755141 e:FreeholdInvestmentProperty 2022-04-30 1755141 e:FreeholdInvestmentProperty 2 2022-05-01 2023-04-30 1755141 e:CurrentFinancialInstruments 2023-04-30 1755141 e:CurrentFinancialInstruments 2022-04-30 1755141 e:CurrentFinancialInstruments e:WithinOneYear 2023-04-30 1755141 e:CurrentFinancialInstruments e:WithinOneYear 2022-04-30 1755141 e:UKTax 2022-05-01 2023-04-30 1755141 e:UKTax 2021-05-01 2022-04-30 1755141 e:ShareCapital 2022-05-01 2023-04-30 1755141 e:ShareCapital 2023-04-30 1755141 e:ShareCapital 2021-05-01 2022-04-30 1755141 e:ShareCapital 2022-04-30 1755141 e:ShareCapital 2021-05-01 1755141 e:InvestmentPropertiesRevaluationReserve 2022-05-01 2023-04-30 1755141 e:InvestmentPropertiesRevaluationReserve 2023-04-30 1755141 e:InvestmentPropertiesRevaluationReserve 2 2022-05-01 2023-04-30 1755141 e:InvestmentPropertiesRevaluationReserve 3 2022-05-01 2023-04-30 1755141 e:InvestmentPropertiesRevaluationReserve 2021-05-01 2022-04-30 1755141 e:InvestmentPropertiesRevaluationReserve 2022-04-30 1755141 e:InvestmentPropertiesRevaluationReserve 2021-05-01 1755141 e:InvestmentPropertiesRevaluationReserve 2 2021-05-01 2022-04-30 1755141 e:InvestmentPropertiesRevaluationReserve 3 2021-05-01 2022-04-30 1755141 e:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 1755141 e:RetainedEarningsAccumulatedLosses 2023-04-30 1755141 e:RetainedEarningsAccumulatedLosses 2 2022-05-01 2023-04-30 1755141 e:RetainedEarningsAccumulatedLosses 3 2022-05-01 2023-04-30 1755141 e:RetainedEarningsAccumulatedLosses 2021-05-01 2022-04-30 1755141 e:RetainedEarningsAccumulatedLosses 2022-04-30 1755141 e:RetainedEarningsAccumulatedLosses 2021-05-01 1755141 e:RetainedEarningsAccumulatedLosses 2 2021-05-01 2022-04-30 1755141 e:RetainedEarningsAccumulatedLosses 3 2021-05-01 2022-04-30 1755141 d:FRS102 2022-05-01 2023-04-30 1755141 d:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 1755141 d:FullAccounts 2022-05-01 2023-04-30 1755141 d:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 1755141 2 2022-05-01 2023-04-30 1755141 6 2022-05-01 2023-04-30 1755141 e:OtherDeferredTax 2023-04-30 1755141 e:OtherDeferredTax 2022-04-30 iso4217:GBP xbrli:pure

Registered number: 1755141










MTD PROPERTY INVESTMENT LIMITED








UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023



 
MTD PROPERTY INVESTMENT LIMITED
 

COMPANY INFORMATION


DIRECTORS
Mark Pears CBE 
Sir Trevor Pears CMG 
David Pears 
WPG Registrars Limited 




COMPANY SECRETARY
William Bennett



REGISTERED NUMBER
1755141



REGISTERED OFFICE
Ground Floor
30 City Road

London

EC1Y 2AB





 
MTD PROPERTY INVESTMENT 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 - 13


 
MTD PROPERTY INVESTMENT LIMITED
 

 
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2023

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

PRINCIPAL ACTIVITY

The principal activity of the company is property investment.

DIRECTORS

The directors who served during the year were:

Mark Pears CBE 
Sir Trevor Pears CMG 
David Pears 
WPG Registrars Limited 

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 20 October 2023 and signed on its behalf.
 





William Bennett
Secretary

Page 1

 
MTD PROPERTY INVESTMENT LIMITED
 

STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 APRIL 2023

2023
2022
Note
£
£

  

Turnover
  
196,926
199,926

Cost of sales
  
(30,992)
(45,162)

GROSS PROFIT
  
165,934
154,764

Administrative expenses
  
(26,400)
(21,600)

Fair value movements
 6 
(53,404)
159,243

OPERATING PROFIT
  
86,130
292,407

Interest receivable and similar income
  
212,605
71,670

PROFIT BEFORE TAX
  
298,735
364,077

Tax on profit
 4 
(55,292)
(267,912)

PROFIT FOR THE YEAR
  
243,443
96,165

TOTAL COMPREHENSIVE INCOME FOR THE YEAR
  
243,443
96,165

The notes on pages 5 to 13 form part of these financial statements.

Page 2

 
MTD PROPERTY INVESTMENT LIMITED
REGISTERED NUMBER: 1755141

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Investments
 5 
2
2

Investment property
 6 
4,156,257
4,209,661

  
4,156,259
4,209,663

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 7 
6,235,216
5,901,734

Cash at bank and in hand
  
2,282
4,322

  
6,237,498
5,906,056

Creditors: amounts falling due within one year
 8 
(136,844)
(88,898)

NET CURRENT ASSETS
  
 
 
6,100,654
 
 
5,817,158

TOTAL ASSETS LESS CURRENT LIABILITIES
  
10,256,913
10,026,821

PROVISIONS FOR LIABILITIES
  

Deferred tax
 9 
(814,722)
(828,073)

  
 
 
(814,722)
 
 
(828,073)

NET ASSETS
  
9,442,191
9,198,748


CAPITAL AND RESERVES
  

Called up share capital 
  
100
100

Investment property revaluation reserve
 10 
2,611,288
2,651,341

Profit and loss account
 10 
6,830,803
6,547,307

TOTAL EQUITY
  
9,442,191
9,198,748


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 year 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 20 October 2023.

David Pears
Director

The notes on pages 5 to 13 form part of these financial statements.

Page 3

 
MTD PROPERTY INVESTMENT LIMITED
 

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


Called up share capital
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 May 2022
100
2,651,341
6,547,307
9,198,748


COMPREHENSIVE INCOME FOR THE YEAR

Profit for the year

-
-
243,443
243,443

Deferred tax movements
-
13,351
(13,351)
-

Transfer revaluation during the year
-
(53,404)
53,404
-


OTHER RESERVE MOVEMENTS FOR THE YEAR
-
(40,053)
40,053
-


TOTAL COMPREHENSIVE INCOME FOR THE YEAR
-
(40,053)
283,496
243,443


AT 30 APRIL 2023
100
2,611,288
6,830,803
9,442,191


The notes on pages 5 to 13 form part of these financial statements.


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2022


Called up share capital
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 May 2021
100
2,721,092
6,381,391
9,102,583


COMPREHENSIVE INCOME FOR THE YEAR

Profit for the year

-
-
96,165
96,165

Deferred tax movements
-
(228,994)
228,994
-

Transfer revaluation during the year
-
159,243
(159,243)
-


OTHER RESERVE MOVEMENTS FOR THE YEAR
-
(69,751)
69,751
-


TOTAL COMPREHENSIVE INCOME FOR THE YEAR
-
(69,751)
165,916
96,165


AT 30 APRIL 2022
100
2,651,341
6,547,307
9,198,748


The notes on pages 5 to 13 form part of these financial statements.

Page 4

 
MTD PROPERTY INVESTMENT LIMITED
 

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

1.


GENERAL INFORMATION

MTD Property Investment 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 other than where additional disclosure is required to show a true and fair view.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The company's functional and presentational currency is GBP and rounded to the nearest £1.
The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.
The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing these financial statements.

 
2.3

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the rents receivable

  
2.4

PROPERTY TRANSACTIONS

Purchases and sales of properties are included on the basis of completions occurring during the year.

 
2.5

INTEREST INCOME

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

 
2.6

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.

Page 5

 
MTD PROPERTY INVESTMENT LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.8

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.10

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.

 
2.11

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

CREDITORS

Short term creditors are measured at the transaction price.

Page 6

 
MTD PROPERTY INVESTMENT LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

  
2.13

REPAIRS AND MAINTENANCE

All repairs, maintenance costs and renewals are written off as incurred.
Certain refurbishment costs which are part of major property refurbishment programmes may,depending on the nature of the works being undertaken, be capitalised in the statement of financial position as part of investment properties.

 
2.14

PROVISIONS FOR LIABILITIES

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.



 
2.15

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. 
 
Page 7

 
MTD PROPERTY INVESTMENT LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)


2.15
FINANCIAL INSTRUMENTS (CONTINUED)


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.

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.

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans to related parties. 
 
Page 8

 
MTD PROPERTY INVESTMENT LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)


2.15
FINANCIAL INSTRUMENTS (CONTINUED)


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.

Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an 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.


3.


EMPLOYEES

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


        2023
        2022
            No.
            No.







Directors
3
3


4.


TAXATION


2023
2022
£
£

CORPORATION TAX


Current tax on profits for the year
68,643
38,918


TOTAL CURRENT TAX
68,643
38,918

DEFERRED TAX


Origination and reversal of timing differences
(13,351)
228,994

TOTAL DEFERRED TAX
(13,351)
228,994


TAXATION ON PROFIT ON ORDINARY ACTIVITIES
55,292
267,912
Page 9

 
MTD PROPERTY INVESTMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
 
4.TAXATION (CONTINUED)


FACTORS AFFECTING TAX CHARGE FOR THE YEAR

The tax assessed for the year is lower than (2022 - lower than) the standard rate of corporation tax in the UK of 19.5% (2022 - 19%). The differences are explained below:

2023
2022
£
£


Profit on ordinary activities before tax
298,735
364,077


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 19.5% (2022 - 19%)
58,253
69,175

EFFECTS OF:


Timing differences leading to a (decrease)/increase in taxation
(13,351)
228,994

Valuations loss/(gains) not taxable
10,414
(30,257)

Other differences leading to a decrease in the tax charge
(24)
-

TOTAL TAX CHARGE FOR THE YEAR
55,292
267,912


FACTORS THAT MAY AFFECT FUTURE TAX CHARGES

There were no factors that may affect future tax charges.


5.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies

£



COST OR VALUATION


At 1 May 2022
2



At 30 April 2023
2






NET BOOK VALUE



At 30 April 2023
2



At 30 April 2022
2






Page 10

 
MTD PROPERTY INVESTMENT LIMITED
 

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

6.


INVESTMENT PROPERTY


Freehold investment property

£



VALUATION


At 1 May 2022
4,209,661


Fair value movements
(53,404)



AT 30 APRIL 2023
4,156,257

The 2023 valuations were made by the directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
730,247
730,247

730,247
730,247



 


7.


DEBTORS

2023
2022
£
£


Sundry loan
6,178,084
5,865,346

Other debtors
57,132
36,388

6,235,216
5,901,734



8.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Corporation tax
37,182
8,539

Other creditors
25,188
23,929

Accruals and deferred income
74,474
56,430

136,844
88,898


Page 11

 
MTD PROPERTY INVESTMENT LIMITED
 

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

9.


DEFERRED TAXATION




2023
2022


£

£






At beginning of year
828,073
599,079


(Released)/charged to income statement
(13,351)
228,994



AT END OF YEAR
814,722
828,073

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Tax on revaluation of investment properties
814,722
828,073

814,722
828,073


10.


RESERVES

Investment property revaluation reserve

The investment property revaluation reserve includes all current and prior year retained revaluations.

Profit & loss account

The profit and loss account includes all current and prior year retained profit and losses.

Page 12

 
MTD PROPERTY INVESTMENT LIMITED
 

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

11.


RELATED PARTY TRANSACTIONS

During the year there were the following transactions with companies and entities in which the directors, Mark Pears CBE, Sir Trevor Pears CMG and David Pears have an interest.


2023
2022
£
£

Management fees payable
26,400
21,600
Loan interest receivable from The William Pears Group of Companies
Limited
212,605
71,670

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
2022
£
£



Loan due from The William Pears Group of Companies Limited
6,178,084
5,865,348

Balance due from Hamways Limited
11,248
4,781

The company received estate agents services from a partnership in which the directors have an interest, the cost of which amounted to £12,720 (2022 - £12,600).


Page 13