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Company Registration No. 09608562 (England and Wales)
Pearson Adams Ltd Unaudited accounts for the year ended 31 May 2023
Pearson Adams Ltd Unaudited accounts Contents
Page
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Pearson Adams Ltd Company Information for the year ended 31 May 2023
Director
Hasan Ali
Company Number
09608562 (England and Wales)
Registered Office
Dunelm Headley Road Grayshott, Hindhead GU26 6JE
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Pearson Adams Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
585,411 
585,411 
Current assets
Debtors
2,721 
2,721 
Cash at bank and in hand
4,690 
3,899 
7,411 
6,620 
Net current assets
7,411 
6,620 
Total assets less current liabilities
592,822 
592,031 
Creditors: amounts falling due after more than one year
(699,644)
(684,775)
Net liabilities
(106,822)
(92,744)
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
50,000 
50,000 
Profit and loss account
(156,824)
(142,746)
Shareholders' funds
(106,822)
(92,744)
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 February 2024 and were signed on its behalf by
Hasan Ali Director Company Registration No. 09608562
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Pearson Adams Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Pearson Adams Ltd is a private company, limited by shares, registered in England and Wales, registration number 09608562. The registered office is Dunelm, Headley Road, Grayshott, Hindhead, GU26 6JE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 June 2022
585,411 
At 31 May 2023
585,411 
Depreciation
At 31 May 2023
- 
Net book value
At 31 May 2023
585,411 
At 31 May 2022
585,411 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
2,721 
2,721 
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Pearson Adams Ltd Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
678,626 
678,626 
Loans from directors
21,018 
6,149 
699,644 
684,775 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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