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REGISTERED NUMBER: 12779128 (England and Wales)






















Financial Statements

for the Year Ended 30 April 2024

for

Pear Tree Houses Limited

Pear Tree Houses Limited (Registered number: 12779128)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Pear Tree Houses Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr P Venners
Mr R P Venners
Mrs A L Smith
Mrs E J A Venners





REGISTERED OFFICE: Alexandra House
43 Alexandra Street
Nottingham
Nottinghamshire
NG5 1AY





BUSINESS ADDRESS: Private Road No.7
Colwick Industrial Estate
Colwick
Nottingham
NG4 2AJ





REGISTERED NUMBER: 12779128 (England and Wales)





AUDITORS: Wright Vigar Limited
Statutory Auditors
Chartered Accountants & Business Advisers
Alexandra House
43 Alexandra St
Nottingham
Nottinghamshire
NG5 1AY

Pear Tree Houses Limited (Registered number: 12779128)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,841 11,121
Investment property 5 2,867,000 2,867,000
2,874,841 2,878,121

CURRENT ASSETS
Debtors 6 137 137
Cash at bank 130,113 83,927
130,250 84,064
CREDITORS
Amounts falling due within one year 7 2,330,717 2,367,172
NET CURRENT LIABILITIES (2,200,467 ) (2,283,108 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

674,374

595,013

PROVISIONS FOR LIABILITIES 112,624 112,624
NET ASSETS 561,750 482,389

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 337,872 337,872
Retained earnings 223,778 144,417
561,750 482,389

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 19 December 2024 and were signed on its behalf by:





Mr R P Venners - Director


Pear Tree Houses Limited (Registered number: 12779128)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Pear Tree Houses 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.

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


The principal activity of the company is the rental of UK residential properties.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income from the company's portfolio of investment properties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognized in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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 statement of financial position date.


Pear Tree Houses Limited (Registered number: 12779128)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Impairment
A review of indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or group of assets.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 530 20,299 20,829
DEPRECIATION
At 1 May 2023 251 9,457 9,708
Charge for year 133 3,147 3,280
At 30 April 2024 384 12,604 12,988
NET BOOK VALUE
At 30 April 2024 146 7,695 7,841
At 30 April 2023 279 10,842 11,121

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 2,867,000
NET BOOK VALUE
At 30 April 2024 2,867,000
At 30 April 2023 2,867,000

Pear Tree Houses Limited (Registered number: 12779128)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. INVESTMENT PROPERTY - continued

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2023 450,496
Cost 2,416,504
2,867,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 137 137

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,397 49
Amounts owed to group undertakings 2,284,388 2,329,286
Tax 27,547 22,360
Other creditors 8,185 -
Accruals and deferred income 4,200 15,477
2,330,717 2,367,172

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Newman LLB BFP FCA (Senior Statutory Auditor)
for and on behalf of Wright Vigar Limited

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr P Venners
Balance outstanding at start of year - 1,603
Amounts repaid - (1,603 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mr R P Venners
Balance outstanding at start of year - 265
Amounts repaid - (265 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Pear Tree Houses Limited (Registered number: 12779128)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

11. ULTIMATE CONTROLLING PARTY

The company is wholly owned by its parent company, LEEC Holdings Limited, a company incorporated in the UK. LEEC Holdings Limited prepares the only consolidated accounts in the group, and these include the results of Pear Tree Houses Limited. The consolidated financial statements can be obtained from Companies House. The registered office of LEEC Holdings Limited is Private Road No 7, Colwick Industrial Estate, Colwick, Nottingham, NG4 2AJ.

The company's controlling party is Mr P Venners by virtue of his controlling interest in LEEC Holdings Limited.