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REGISTERED NUMBER: 11156200 (England and Wales)















Pearce Holdings Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Pearce Holdings Limited (Registered number: 11156200)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pearce Holdings Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: D Pearce
R N Tredwin
L L Stanley





REGISTERED OFFICE: 10-14 Stover Road
Yate
Bristol
BS37 5JN





REGISTERED NUMBER: 11156200 (England and Wales)





ACCOUNTANTS: Webb & Co Ltd
Accountants and Business Advisers
One New Street
Wells
Somerset
BA5 2LA

Pearce Holdings Limited (Registered number: 11156200)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 753,428 -
Investments 4 3,927,360 3,829,816
4,680,788 3,829,816

CURRENT ASSETS
Debtors 5 889 6,712
Cash at bank 47,715 59,468
48,604 66,180
CREDITORS
Amounts falling due within one year 6 51,894 49,451
NET CURRENT (LIABILITIES)/ASSETS (3,290 ) 16,729
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,677,498

3,846,545

PROVISIONS FOR LIABILITIES - 200,000
NET ASSETS 4,677,498 3,646,545

CAPITAL AND RESERVES
Called up share capital 7 101 101
Share premium 1,538,900 1,538,900
Retained earnings 3,138,497 2,107,544
SHAREHOLDERS' FUNDS 4,677,498 3,646,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Pearce Holdings Limited (Registered number: 11156200)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 July 2024 and were signed on its behalf by:





D Pearce - Director


Pearce Holdings Limited (Registered number: 11156200)

Notes to the Financial Statements
for the year ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Pearce Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and tradediscounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from services is recognised byreference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax represents the future tax consequences of transactions and events recognised in the
financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Pearce Holdings Limited (Registered number: 11156200)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

1. ACCOUNTING POLICIES - continued

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs.
Subsequently, they are measured at amortised cost using the effective interest rate method, less
impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans
The company operates a defined contribution plan for the benefit of its employees. Contributions are
expensed as they become payable.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

3. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
Additions 753,428
At 31 March 2024 753,428
NET BOOK VALUE
At 31 March 2024 753,428

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 April 2023 3,157,538 672,278 3,829,816
Additions - 97,544 97,544
At 31 March 2024 3,157,538 769,822 3,927,360
NET BOOK VALUE
At 31 March 2024 3,157,538 769,822 3,927,360
At 31 March 2023 3,157,538 672,278 3,829,816

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 889 6,712

Pearce Holdings Limited (Registered number: 11156200)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 9,199
Taxation and social security 49,674 32,686
Other creditors 2,220 7,566
51,894 49,451

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,100 Ordinary 0.01p 101 101