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REGISTERED NUMBER: 09441395 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PEAR GROUP LTD.

PEAR GROUP LTD. (REGISTERED NUMBER: 09441395)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PEAR GROUP LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: E A Hyde
G R Hyde





REGISTERED OFFICE: Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY





REGISTERED NUMBER: 09441395 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

PEAR GROUP LTD. (REGISTERED NUMBER: 09441395)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,986 22,746

CURRENT ASSETS
Debtors 5 84,583 129,608
Cash at bank 286,458 143,704
371,041 273,312
CREDITORS
Amounts falling due within one year 6 143,024 111,345
NET CURRENT ASSETS 228,017 161,967
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,003

184,713

PROVISIONS FOR LIABILITIES 7 1,368 1,505
NET ASSETS 246,635 183,208

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 246,535 183,108
SHAREHOLDERS' FUNDS 246,635 183,208

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.

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 28 November 2024 and were signed on its behalf by:





E A Hyde - Director


PEAR GROUP LTD. (REGISTERED NUMBER: 09441395)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Pear Group Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue is measured at fair value of the consideration received or receivable. Revenue is reduced for estimated rebates and other similar allowances.

Revenue relates to the provision of recruitment services and is recognised at the point when the candidate starts their placement and the sales invoice is issued to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Garden office - 10% on cost
Office equipment - 25% on cost

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

PEAR GROUP LTD. (REGISTERED NUMBER: 09441395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Garden Office
office equipment Totals
£    £    £   
COST
At 1 April 2023 22,108 12,966 35,074
Additions - 559 559
At 31 March 2024 22,108 13,525 35,633
DEPRECIATION
At 1 April 2023 3,514 8,814 12,328
Charge for year 2,211 1,108 3,319
At 31 March 2024 5,725 9,922 15,647
NET BOOK VALUE
At 31 March 2024 16,383 3,603 19,986
At 31 March 2023 18,594 4,152 22,746

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 40,080 30,900
Other debtors 44,503 98,708
84,583 129,608

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,496 9,660
Taxation and social security 122,319 92,943
Other creditors 14,209 8,742
143,024 111,345

PEAR GROUP LTD. (REGISTERED NUMBER: 09441395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,368 1,505

Deferred
tax
£   
Balance at 1 April 2023 1,505
Credit to Income Statement during year (137 )
Balance at 31 March 2024 1,368

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 A Ordinary £1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
E A Hyde and G R Hyde
Balance outstanding at start of year 84,577 32,143
Amounts advanced 223,557 231,916
Amounts repaid (308,664 ) (179,482 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (530 ) 84,577

Interest at a rate of 2.25% per annum amounting to £3,449 has been charged on the outstanding amount. This loan is repayable on demand.