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Registered number: 8253980










PEARS PROPERTY ADVISORY SERVICES LIMITED








UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

For the year ended 30 April 2024



 
PEARS PROPERTY ADVISORY SERVICES LIMITED
 

COMPANY INFORMATION


Director
J Rose 




Registered number
8253980



Registered office
12th Floor Aldgate Tower
2 Leman Street

London

E1W 9US





 
PEARS PROPERTY ADVISORY SERVICES LIMITED
 

CONTENTS



Page
Director's report
 
1
Statement of comprehensive income
 
2
Statement of financial position
 
3
Statement of changes in equity
 
4
Notes to the financial statements
 
5 - 8


 
PEARS PROPERTY ADVISORY SERVICES LIMITED
 

 
DIRECTOR'S REPORT
For the year ended 30 April 2024

The director presents his report and the financial statements for the year ended 30 April 2024.

Principal activity

The principal activity of the company is the provision of advisory services.

Director

The director who served during the year was:

J Rose 

Small companies note

In preparing this report, the director has 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.
 




J Rose
Director
Date: 27 January 2025

Page 1

 
PEARS PROPERTY ADVISORY SERVICES LIMITED
 

STATEMENT OF COMPREHENSIVE INCOME
For the year ended 30 April 2024

2024
2023
Note
£
£

  

Turnover
  
2,548,149
9,491,949

Gross profit
  
2,548,149
9,491,949

Administrative expenses
  
(1,904,254)
(9,449,207)

Operating profit
  
643,895
42,742

Tax on profit
 4 
(165,607)
(11,320)

Profit for the financial year
  
478,288
31,422

There was no other comprehensive income for 2024 (2023: £NIL).

The notes on pages 5 to 8 form part of these financial statements.

Page 2

 
PEARS PROPERTY ADVISORY SERVICES LIMITED
Registered number: 8253980

STATEMENT OF FINANCIAL POSITION
As at 30 April 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
40,561
755,249

Cash at bank and in hand
  
1,556,098
158,047

  
1,596,659
913,296

Creditors: amounts falling due within one year
 6 
(770,237)
(565,162)

Net current assets
  
 
 
826,422
 
 
348,134

Total assets less current liabilities
  
826,422
348,134

  

Net assets
  
826,422
348,134


Capital and reserves
  

Called up share capital 
 7 
1,000
1,000

Profit and loss account
 8 
825,422
347,134

  
826,422
348,134


The director considers 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 director acknowledges his 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 on 27 January 2025.




J Rose
Director

The notes on pages 5 to 8 form part of these financial statements.

Page 3

 
PEARS PROPERTY ADVISORY SERVICES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
For the year ended 30 April 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 May 2023
1,000
315,712
316,712


Comprehensive income for the year

Profit for the year
-
31,422
31,422



At 30 April 2023
1,000
347,134
348,134


Comprehensive income for the year

Profit for the year
-
478,288
478,288


At 30 April 2024
1,000
825,422
826,422


The notes on pages 5 to 8 form part of these financial statements.

Page 4

 
PEARS PROPERTY ADVISORY SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 April 2024

1.


General information

Pears Property Advisory Services Limited is a company limited by shares incorporated in England and Wales. The company's business address is 33 Cavendish Square, London W1G 0PW.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied 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's 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 director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing these financial statements.

 
2.3

Turnover

Turnover represents amounts recognised in respect of fees receivable.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

Page 5

 
PEARS PROPERTY ADVISORY SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 April 2024

2.Accounting policies (continued)

 
2.5

Taxation

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.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

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.

 
2.8

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

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. Debt instruments (other than those wholly repayable or receivable within one year), including other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. 
Financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company woudl receive for the asset if it were to be sold at the reporting date.
 
Page 6

 
PEARS PROPERTY ADVISORY SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 April 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an  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.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).


4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
165,607
11,320

Total current tax
165,607
11,320

Factors affecting tax charge for the year

The tax assessed for the year is higher than (2023 - higher than) the standard rate of corporation tax in the UK of25% (2023 - 25%). The differences are explained below:

2024
2023
£
£


Profit on ordinary activities before tax
643,895
42,742


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 19%/ 25%)
160,973
8,331

Effects of:


Expenses not deductible for tax purposes
4,634
3,223

Marginal relief
-
(234)

Total tax charge for the year
165,607
11,320


Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 7

 
PEARS PROPERTY ADVISORY SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 April 2024

5.


Debtors

2024
2023
£
£

Trade debtors
-
719,000

Other debtors
1,051
1,032

Prepayments and accrued income
39,510
35,217

40,561
755,249



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
301,414
319,712

Corporation tax
165,558
11,551

Other taxation and social security
258,972
190,204

Other creditors
42,193
38,195

Accruals and deferred income
2,100
5,500

770,237
565,162



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 Ordinary shares of £1.00 each
1,000
1,000



8.


Reserves

Profit & loss account

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


9.


Pension commitments

The company operates a defined contribution pension scheme. The pension cost charge represents contributions payable by the company to the fund and amounted to £23,742 (2023: £18,893).


Page 8