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Registered number: 03045274
Pearson Bros. Properties Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 03045274
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 2,320,393 2,201,761
2,320,393 2,201,761
CURRENT ASSETS
Debtors 5 95,109 5,749
Cash at bank and in hand 609,604 778,414
704,713 784,163
Creditors: Amounts Falling Due Within One Year 6 (204,580 ) (191,938 )
NET CURRENT ASSETS (LIABILITIES) 500,133 592,225
TOTAL ASSETS LESS CURRENT LIABILITIES 2,820,526 2,793,986
NET ASSETS 2,820,526 2,793,986
CAPITAL AND RESERVES
Called up share capital 750,500 750,500
Revaluation reserve 361,343 361,343
Income Statement 1,708,683 1,682,143
SHAREHOLDERS' FUNDS 2,820,526 2,793,986
Page 1
Page 2
For the year ending 30 April 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr R M Pearson
Director
11th September 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Pearson Bros. Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03045274 . The registered office is Chapel Lane, Salterhebble, Halifax, West Yorkshire, HX3 0QN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 
2.3. Investment Properties
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
2.4. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Investments
Subsidiaries Other Total
£ £ £
Cost
As at 1 May 2023 100,000 2,213,639 2,313,639
Additions - 118,632 118,632
As at 30 April 2024 100,000 2,332,271 2,432,271
Provision
As at 1 May 2023 - 111,878 111,878
As at 30 April 2024 - 111,878 111,878
Net Book Value
As at 30 April 2024 100,000 2,220,393 2,320,393
As at 1 May 2023 100,000 2,101,761 2,201,761
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,359 674
Other debtors 93,750 5,075
95,109 5,749
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 20,273 29,162
Amounts owed to group undertakings 86,415 76,629
Other creditors 72,597 64,530
Taxation and social security 25,295 21,617
204,580 191,938
7. Related Party Transactions
During the year the company made arm's length transactions with Pearson Bros. Engravers Ltd, the company's 100% subsidiary. The amount owed to Pearson Bros. Engravers Ltd at the year end was £86,415 (2023: £76,629). There are no fixed terms for its repayment and interest is not being charged on the outstanding balance. Also during the year the company paid a dividend of £50,791 (2023: £52,500) to Pearson Bros. Group Ltd, its ultimate parent company.
8. Ultimate Controlling Party
The ultimate controlling party is R M Pearson.
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