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REGISTERED NUMBER: 06982406 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

PEARSON KEEHAN RAND LIMITED

PEARSON KEEHAN RAND LIMITED (REGISTERED NUMBER: 06982406)






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


PEARSON KEEHAN RAND LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C D Pearson
K F A Keehan
T E Rand
Mrs P M Pearson





REGISTERED OFFICE: 100 Church Street
Brighton
East Sussex
BN1 1UJ





REGISTERED NUMBER: 06982406 (England and Wales)





ACCOUNTANTS: Paddenburg & Co Limited
100 Church Street
Brighton
East Sussex
BN1 1UJ

PEARSON KEEHAN RAND LIMITED (REGISTERED NUMBER: 06982406)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 60,186 67,710

CURRENT ASSETS
Debtors 5 720 1,140
Cash at bank 111,475 85,346
112,195 86,486
CREDITORS
Amounts falling due within one year 6 137,669 102,061
NET CURRENT LIABILITIES (25,474 ) (15,575 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,712

52,135

CREDITORS
Amounts falling due after more than one
year

7

16,000

32,000
NET ASSETS 18,712 20,135

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 18,702 20,125
18,712 20,135

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.

PEARSON KEEHAN RAND LIMITED (REGISTERED NUMBER: 06982406)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by:




C D Pearson - Director K F A Keehan - Director




T E Rand - Director


PEARSON KEEHAN RAND LIMITED (REGISTERED NUMBER: 06982406)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Pearson Keehan Rand Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 75,233
AMORTISATION
At 1 April 2023 7,523
Charge for year 7,524
At 31 March 2024 15,047
NET BOOK VALUE
At 31 March 2024 60,186
At 31 March 2023 67,710

PEARSON KEEHAN RAND LIMITED (REGISTERED NUMBER: 06982406)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 720 1,140

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,698 1,828
Client control account 86,907 45,757
Tax 13,053 11,616
VAT 8,299 8,942
Other creditors - less than 1yr 16,000 16,000
Wages creditor 2,493 -
Directors' loan accounts 4,719 12,217
Deferred income - 2,701
Accrued expenses 1,500 3,000
137,669 102,061

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors - more than 1yr 16,000 32,000

8. RELATED PARTY DISCLOSURES

In the year, the company paid rents totalling £5,400 (2023: £5,400) to 11SK Ltd.

The company also incurred costs totalling £30,116 (2023: £14,804) with Pearson Keehan Ltd.

C Pearson and K Keehan are the sole directors and shareholders of the above-mentioned companies.

All companies traded on normal commercial terms.

9. ULTIMATE CONTROLLING PARTY

The controlling shares in the company are held by C Pearson, K Keehan and T Rand.

Therefore, there is no ultimate controlling party in the company.