1 August 2023 false No description of principal activity Taxfiler 2024.6 11533720business:PrivateLimitedCompanyLtd2023-08-012024-07-31 115337202023-07-31 115337202023-08-012024-07-31 11533720business:AuditExemptWithAccountantsReport2023-08-012024-07-31 11533720business:FilletedAccounts2023-08-012024-07-31 115337202024-07-31 11533720business:Director12023-08-012024-07-31 11533720business:Director22023-08-012024-07-31 11533720business:RegisteredOffice2023-08-012024-07-31 115337202023-07-31 11533720core:WithinOneYear2024-07-31 11533720core:WithinOneYear2023-07-31 11533720core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 11533720core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 11533720core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 11533720core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 11533720core:PreviouslyStatedAmount2024-07-31 11533720core:PreviouslyStatedAmount2023-07-31 11533720business:SmallEntities2023-08-012024-07-31 11533720countries:EnglandWales2023-08-012024-07-31 11533720core:MotorVehicles2023-08-012024-07-31 11533720core:FurnitureFittings2023-08-012024-07-31 11533720core:ComputerEquipment2023-08-012024-07-31 11533720core:MotorVehicles2023-07-31 11533720core:FurnitureFittings2023-07-31 11533720core:ComputerEquipment2023-07-31 11533720core:MotorVehicles2024-07-31 11533720core:FurnitureFittings2024-07-31 11533720core:ComputerEquipment2024-07-31 115337202022-08-012023-07-31 iso4217:GBP xbrli:pure
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
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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
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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
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PEARSON WEALTH MANAGEMENT LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,726 
20,535 
Current assets
Debtors
313,455 
212,815 
Cash at bank and in hand
54,851 
32,651 
368,306 
245,466 
Creditors: amounts falling due within one year
(243,673)
(112,621)
Net current assets
124,633 
132,845 
Net assets
144,359 
153,380 
Capital and reserves
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
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PEARSON WEALTH MANAGEMENT LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
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:
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 
Depreciation
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 
Net book value
At 31 July 2024
- 
- 
19,726 
19,726 
At 31 July 2023
(1)
1 
20,535 
20,535 
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PEARSON WEALTH MANAGEMENT LTD Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,738 
8,500 
Amounts due from group undertakings etc.
304,315 
204,315 
Accrued income and prepayments
2,402 
- 
313,455 
212,815 
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 
Accruals
4,004 
2,572 
243,673 
112,621 
7
Controlling party
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).
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