Company Registration No. 11533720 (England and Wales)
PEARSON WEALTH MANAGEMENT LTD
Unaudited accounts
for the year ended 31 July 2024
PEARSON WEALTH MANAGEMENT LTD
Unaudited accounts
Contents
PEARSON WEALTH MANAGEMENT LTD
Company Information
for the year ended 31 July 2024
Directors
Adrian John Keith
Suzanne Pyne
Company Number
11533720 (England and Wales)
Registered Office
11 JUDITH AVENUE
KNODISHALL
SAXMUNDHAM
SUFFOLK
IP17 1UY
UNITED KINGDOM
Accountants
MBS Accountancy Services Ltd
Garden House, 11 Judith Avenue
Knodishall
SAXMUNDHAM
Suffolk
IP17 1UY
PEARSON WEALTH MANAGEMENT LTD
Accountants' report
Accountants' report to the board of directors of PEARSON WEALTH MANAGEMENT LTD (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 July 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 July 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
MBS Accountancy Services Ltd
Garden House, 11 Judith Avenue
Knodishall
SAXMUNDHAM
Suffolk
IP17 1UY
31 October 2024
PEARSON WEALTH MANAGEMENT LTD
Statement of financial position
as at 31 July 2024
Tangible assets
19,726
20,535
Cash at bank and in hand
54,851
32,651
Creditors: amounts falling due within one year
(243,673)
(112,621)
Net current assets
124,633
132,845
Net assets
144,359
153,380
Called up share capital
2
2
Profit and loss account
144,357
153,378
Shareholders' funds
144,359
153,380
For the year ending 31 July 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 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 of Directors and authorised for issue on 4 November 2024 and were signed on its behalf by
Suzanne Pyne
Director
Company Registration No. 11533720
PEARSON WEALTH MANAGEMENT LTD
Notes to the Accounts
for the year ended 31 July 2024
PEARSON WEALTH MANAGEMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 11533720. The registered office is 11 JUDITH AVENUE, KNODISHALL, SAXMUNDHAM, SUFFOLK, IP17 1UY, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Motor vehicles
25% straight line
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
129,478
2,109
59,314
190,901
At 31 July 2024
129,478
2,109
59,314
190,901
At 1 August 2023
129,479
2,108
38,779
170,366
Charge for the year
(1)
1
809
809
At 31 July 2024
129,478
2,109
39,588
171,175
At 31 July 2024
-
-
19,726
19,726
At 31 July 2023
(1)
1
20,535
20,535
PEARSON WEALTH MANAGEMENT LTD
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
304,315
204,315
Accrued income and prepayments
2,402
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
18,333
28,210
Amounts owed to group undertakings and other participating interests
158,167
35,745
Taxes and social security
61,039
45,174
Loans from directors
2,130
920
Bohannan Holdings Ltd
Tuddenham Hall Estate Office
Tuddenham Hall
Tuddenham
IPSWICH IP6 9DD
8
Average number of employees
During the year the average number of employees was 18 (2023: 17).