Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-3033The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-05-01falsetruefalse 1755223 2023-05-01 2024-04-30 1755223 2022-05-01 2023-04-30 1755223 2024-04-30 1755223 2023-04-30 1755223 2022-05-01 1755223 1 2023-05-01 2024-04-30 1755223 1 2022-05-01 2023-04-30 1755223 2 2023-05-01 2024-04-30 1755223 2 2022-05-01 2023-04-30 1755223 3 2023-05-01 2024-04-30 1755223 3 2022-05-01 2023-04-30 1755223 d:CompanySecretary1 2023-05-01 2024-04-30 1755223 d:Director1 2023-05-01 2024-04-30 1755223 d:Director2 2023-05-01 2024-04-30 1755223 d:Director3 2023-05-01 2024-04-30 1755223 d:Director4 2023-05-01 2024-04-30 1755223 d:RegisteredOffice 2023-05-01 2024-04-30 1755223 e:FreeholdInvestmentProperty 2024-04-30 1755223 e:FreeholdInvestmentProperty 2023-04-30 1755223 e:FreeholdInvestmentProperty 2 2023-05-01 2024-04-30 1755223 e:CurrentFinancialInstruments 2024-04-30 1755223 e:CurrentFinancialInstruments 2023-04-30 1755223 e:CurrentFinancialInstruments e:WithinOneYear 2024-04-30 1755223 e:CurrentFinancialInstruments e:WithinOneYear 2023-04-30 1755223 e:UKTax 2023-05-01 2024-04-30 1755223 e:UKTax 2022-05-01 2023-04-30 1755223 e:ShareCapital 2023-05-01 2024-04-30 1755223 e:ShareCapital 2024-04-30 1755223 e:ShareCapital 2022-05-01 2023-04-30 1755223 e:ShareCapital 2023-04-30 1755223 e:ShareCapital 2022-05-01 1755223 e:InvestmentPropertiesRevaluationReserve 2023-05-01 2024-04-30 1755223 e:InvestmentPropertiesRevaluationReserve 2024-04-30 1755223 e:InvestmentPropertiesRevaluationReserve 2 2023-05-01 2024-04-30 1755223 e:InvestmentPropertiesRevaluationReserve 3 2023-05-01 2024-04-30 1755223 e:InvestmentPropertiesRevaluationReserve 2022-05-01 2023-04-30 1755223 e:InvestmentPropertiesRevaluationReserve 2023-04-30 1755223 e:InvestmentPropertiesRevaluationReserve 2022-05-01 1755223 e:InvestmentPropertiesRevaluationReserve 2 2022-05-01 2023-04-30 1755223 e:InvestmentPropertiesRevaluationReserve 3 2022-05-01 2023-04-30 1755223 e:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 1755223 e:RetainedEarningsAccumulatedLosses 2024-04-30 1755223 e:RetainedEarningsAccumulatedLosses 2 2023-05-01 2024-04-30 1755223 e:RetainedEarningsAccumulatedLosses 3 2023-05-01 2024-04-30 1755223 e:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 1755223 e:RetainedEarningsAccumulatedLosses 2023-04-30 1755223 e:RetainedEarningsAccumulatedLosses 2022-05-01 1755223 e:RetainedEarningsAccumulatedLosses 2 2022-05-01 2023-04-30 1755223 e:RetainedEarningsAccumulatedLosses 3 2022-05-01 2023-04-30 1755223 d:FRS102 2023-05-01 2024-04-30 1755223 d:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 1755223 d:FullAccounts 2023-05-01 2024-04-30 1755223 d:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 1755223 2 2023-05-01 2024-04-30 1755223 e:TaxLossesCarry-forwardsDeferredTax 2024-04-30 1755223 e:TaxLossesCarry-forwardsDeferredTax 2023-04-30 1755223 f:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 1755223










REH PROPERTY INVESTMENT CO LIMITED








UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024



 
REH PROPERTY INVESTMENT CO LIMITED
 

COMPANY INFORMATION


DIRECTORS
Mark Pears 
Sir Trevor Pears CMG 
David Pears 
WPG Registrars Limited 




COMPANY SECRETARY
William Bennett



REGISTERED NUMBER
1755223



REGISTERED OFFICE
12th Floor
Aldgate Tower

2 Lehman Street

London

E1W 9US





 
REH PROPERTY INVESTMENT CO LIMITED
 

CONTENTS



Page
Directors' Report
1
Statement of Comprehensive Income
2
Statement of Financial Position
3 - 4
Statement of Changes in Equity
5
Notes to the Financial Statements
6 - 14


 
REH PROPERTY INVESTMENT CO LIMITED
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2024

The directors present their report and the financial statements for the year ended 30 April 2024.

PRINCIPAL ACTIVITY

The principal activity of the company is property investment.

DIRECTORS

The directors who served during the year were:

Mark Pears 
Sir Trevor Pears CMG 
David Pears 
WPG Registrars Limited 

SMALL COMPANIES NOTE

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





William Bennett
Secretary

Date: 4 November 2024

Page 1

 
REH PROPERTY INVESTMENT CO LIMITED
 

STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 APRIL 2024

2024
2023
Note
£
£

  

Turnover
  
126,987
164,313

Cost of sales
  
(58,570)
(39,556)

GROSS PROFIT
  
68,417
124,757

Administrative expenses
  
(13,200)
(22,800)

Fair value movements
 6 
39,116
24,797

OPERATING PROFIT
  
94,333
126,754

Interest receivable and similar income
  
1,142,115
632,064

Interest payable and similar expenses
 4 
(371,167)
(210,083)

PROFIT BEFORE TAX
  
865,281
548,735

Tax on profit
 5 
(216,320)
(108,331)

PROFIT FOR THE YEAR
  
648,961
440,404

TOTAL COMPREHENSIVE INCOME FOR THE YEAR
  
648,961
440,404

The notes on pages 6 to 14 form part of these financial statements.

Page 2

 
REH PROPERTY INVESTMENT CO LIMITED
REGISTERED NUMBER:1755223

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Investment property
 6 
2,389,863
2,350,749

  
2,389,863
2,350,749

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 7 
19,363,405
18,343,921

Cash at bank and in hand
  
12,398
20,198

  
19,375,803
18,364,119

  

Creditors: amounts falling due within one year
 8 
(6,603,541)
(6,211,482)

NET CURRENT ASSETS
  
 
 
12,772,262
 
 
12,152,637

TOTAL ASSETS LESS CURRENT LIABILITIES
  
15,162,125
14,503,386

PROVISIONS FOR LIABILITIES
  

Deferred taxation
 9 
(479,782)
(470,004)

  
 
 
(479,782)
 
 
(470,004)

NET ASSETS
  
14,682,343
14,033,382


CAPITAL AND RESERVES
  

Called up share capital 
  
2
2

Investment property revaluation reserve
 10 
1,732,802
1,703,465

Profit and loss account
 10 
12,949,539
12,329,915

TOTAL EQUITY
  
14,682,343
14,033,382


Page 3

 
REH PROPERTY INVESTMENT CO LIMITED
REGISTERED NUMBER:1755223

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


David Pears
Director
Date: 4 November 2024

The notes on pages 6 to 14 form part of these financial statements.

Page 4

 
REH PROPERTY INVESTMENT CO LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024


Called up share capital
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 May 2023
2
1,703,465
12,329,915
14,033,382


COMPREHENSIVE INCOME FOR THE YEAR

Profit for the year

-
-
648,961
648,961

Deferred tax movement
-
(9,779)
9,779
-

Transfer revaluation during the year
-
39,116
(39,116)
-


OTHER COMPREHENSIVE INCOME FOR THE YEAR
-
29,337
(29,337)
-


TOTAL COMPREHENSIVE INCOME FOR THE YEAR
-
29,337
619,624
648,961


AT 30 APRIL 2024
2
1,732,802
12,949,539
14,682,343



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2023


Called up share capital
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 May 2022
2
1,684,867
11,908,109
13,592,978


COMPREHENSIVE INCOME FOR THE YEAR

Profit for the year

-
-
440,404
440,404

Deferred tax movement
-
(6,199)
6,199
-

Transfer revaluation during the year
-
24,797
(24,797)
-


OTHER COMPREHENSIVE INCOME FOR THE YEAR
-
18,598
(18,598)
-


TOTAL COMPREHENSIVE INCOME FOR THE YEAR
-
18,598
421,806
440,404


AT 30 APRIL 2023
2
1,703,465
12,329,915
14,033,382


The notes on pages 6 to 14 form part of these financial statements.

Page 5

 
REH PROPERTY INVESTMENT CO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


GENERAL INFORMATION

REH Property Investment Co Limited is a private company limited by shares incorporated in England and Wales.  The registered office is 12th Floor Aldgate Tower, 2 Leman Street, London, E1W 9US. The principal place of business is Haskell House, 152 West End Lane, London, NW6 1SD.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 other than where additional disclosure is required to show a true and fair view.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company accounting policies.

The company's functional and presentational currency is GBP and rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing these financial statements.

 
2.3

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the rents receivable.

  
2.4

PROPERTY TRANSACTIONS

Purchases and sales of properties are included on the basis of completions occurring during the year.

 
2.5

INTEREST INCOME

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.6

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
 
Page 6

 
REH PROPERTY INVESTMENT CO LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.6
CURRENT AND DEFERRED TAXATION (CONTINUED)


Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by our directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

 
2.8

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

CREDITORS

Short term creditors are measured at the transaction price. 

  
2.11

REPAIRS AND MAINTENANCE

All repairs, maintenance costs and renewals are written off as incurred.
Certain refurbishment costs which are part of major property refurbishment programmes may, depending on the nature of the works being undertaken, be capitalised in the Statement of financial position as part of investment properties.

Page 7

 
REH PROPERTY INVESTMENT CO LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.12

PROVISIONS FOR LIABILITIES

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of comprehensive income in the year that the company becomes aware of the obligation, and are measured at the best estimate at the Statement of financial position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


 
2.13

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.
 
Page 8

 
REH PROPERTY INVESTMENT CO LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.13
FINANCIAL INSTRUMENTS (CONTINUED)


Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans to related parties.
 
Page 9

 
REH PROPERTY INVESTMENT CO LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.13
FINANCIAL INSTRUMENTS (CONTINUED)


Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.



3.


EMPLOYEES

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
3
3


4.


INTEREST PAYABLE AND SIMILAR CHARGES

2024
2023
£
£


Loans from group undertakings
371,167
210,083

371,167
210,083

Page 10

 
REH PROPERTY INVESTMENT CO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


TAXATION


2024
2023
£
£

CORPORATION TAX


Current tax on profits for the year
206,541
102,132


206,541
102,132


TOTAL CURRENT TAX
206,541
102,132

DEFERRED TAX


Timing differences leading to an increase in taxation
9,779
6,199

TOTAL DEFERRED TAX
9,779
6,199


TAXATION ON PROFIT ON ORDINARY ACTIVITIES
216,320
108,331

FACTORS AFFECTING TAX CHARGE FOR THE YEAR

The tax assessed for the year is lower than (2023 -higher than) the standard rate of corporation tax in the UK of 25% (2023 -19.5%). The differences are explained below:

2024
2023
£
£


Profit on ordinary activities before tax
865,281
548,735


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 -19.5%)
216,320
107,003

EFFECTS OF:


Valuation gains not taxable
(9,779)
(4,835)

Short-term timing difference leading to an increase (decrease) in taxation
-
(36)

Timing differences leading to an increase in taxation
9,779
6,199

TOTAL TAX CHARGE FOR THE YEAR
216,320
108,331


FACTORS THAT MAY AFFECT FUTURE TAX CHARGES

There were no factors that may affect future tax charges.

Page 11

 
REH PROPERTY INVESTMENT CO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


INVESTMENT PROPERTY


Freehold investment property

£



VALUATION


At 1 May 2023
2,350,749


Fair value movement
39,116



AT 30 APRIL 2024
2,389,865

The 2024 valuations were made by our directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
177,280
177,280

177,280
177,280


7.


DEBTORS

2024
2023
£
£


Sundry loan
19,332,659
18,282,281

Other debtors
30,746
61,640

19,363,405
18,343,921



8.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Amounts owed to group undertakings
6,431,369
6,060,202

Corporation tax
84,291
42,749

Other creditors
56,903
64,510

Accruals and deferred income
30,978
44,021

6,603,541
6,211,482


Page 12

 
REH PROPERTY INVESTMENT CO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


DEFERRED TAXATION




2024
2023


£

£






At beginning of year
470,003
463,805


Charged to income statement
9,779
6,199



AT END OF YEAR
479,782
470,004

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Tax on revaluation of investment properties
479,782
470,004

479,782
470,004


10.


RESERVES

Investment property revaluation reserve

The investment property revaluation reserve includes all current and prior year movements.

Profit & loss account

The profit and loss account includes all current and prior year retained profits and losses.

Page 13

 
REH PROPERTY INVESTMENT CO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

11.


RELATED PARTY TRANSACTIONS

The company has taken advantage of the exemptions from disclosure available to subsidiary undertakings under FRS102 Section 1A, paragraph 1.AC.35 in connection with intra group transactions. 
During the year there were the following transactions with companies and entities in which the directors, Mark Pears, Sir Trevor Pears CMG and David Pears have an interest.


2024
2023
£
£

Management fees payable
13,200
22,800
Loan interest receivable from The William Pears Group of Companies Limited
1,142,021
632,064

At the year end there were the following balances with companies and entities in which the directors, Mark Pears, Sir Trevor Pears CMG and David Pears have an interest.

2024
2023
£
£



Loan due from The William Pears Group of Companies Limited
19,332,659
18,282,281

Balance due from Hamways Limited
7,363
5,247


12.


CONTROLLING PARTY

The company is a wholly owned subsidiary of Registered Holdings Limited, a company incorporated in England.  The registered office is12th Floor Aldgate Tower, 2 Leman Street, London E1W 9US.


Page 14