Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30falsetruefalse2023-05-0111falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10406831 2023-05-01 2024-04-30 10406831 2022-05-01 2023-04-30 10406831 2024-04-30 10406831 2023-04-30 10406831 c:Director1 2023-05-01 2024-04-30 10406831 c:RegisteredOffice 2023-05-01 2024-04-30 10406831 d:CurrentFinancialInstruments 2024-04-30 10406831 d:CurrentFinancialInstruments 2023-04-30 10406831 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 10406831 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10406831 d:UKTax 2023-05-01 2024-04-30 10406831 d:UKTax 2022-05-01 2023-04-30 10406831 d:ShareCapital 2024-04-30 10406831 d:ShareCapital 2023-04-30 10406831 d:RetainedEarningsAccumulatedLosses 2024-04-30 10406831 d:RetainedEarningsAccumulatedLosses 2023-04-30 10406831 c:FRS102 2023-05-01 2024-04-30 10406831 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10406831 c:FullAccounts 2023-05-01 2024-04-30 10406831 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10406831 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 10406831









PEARS INTERNATIONAL PROPERTIES LIMITED







UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
PEARS INTERNATIONAL PROPERTIES LIMITED
 
 
COMPANY INFORMATION


Director
R A Pears 




Registered number
10406831



Registered office
12th Floor, Aldgate Tower
2 Leman Street, London

E1W 9US





 
PEARS INTERNATIONAL PROPERTIES LIMITED
 

CONTENTS



Page
Director's Report
1
Income Statement
2
Statement of Financial Position
3
Notes to the Financial Statements
4 - 6


 
PEARS INTERNATIONAL PROPERTIES 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 was that of the purchase and sale of real estate.

Director

The director who served during the year was:

R A Pears 

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.
 



R A Pears
Director
Date: 30 January 2025

Page 1

 
PEARS INTERNATIONAL PROPERTIES LIMITED
 
 
INCOME STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024

2024
2023
£
£

  

Turnover
  
352,831
84,962

Cost of sales
  
(195,873)
-

Gross profit
  
156,958
84,962

Administrative expenses
  
(32,456)
(38,181)

Operating profit
  
124,502
46,781

Interest payable and expenses
  
(54,347)
(77,591)

Profit/(loss) before tax
  
70,155
(30,810)

Tax on profit/(loss)
 4 
(31,125)
(9,425)

Profit/(loss) for the financial year
  
39,030
(40,235)

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

The notes on pages 4 to 6 form part of these financial statements.

Page 2

 
PEARS INTERNATIONAL PROPERTIES LIMITED
REGISTERED NUMBER: 10406831

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2024
2023
2023
Note
£
£
£
£

  

Current assets
  

Stocks
 5 
1,031,656
1,227,529

Debtors: amounts falling due within one year
 6 
126,906
109,531

Cash at bank and in hand
 7 
20,658
20,009

  
1,179,220
1,357,069

Creditors: amounts falling due within one year
 8 
(1,230,740)
(1,447,619)

Net current liabilities
  
 
 
(51,520)
 
 
(90,550)

Total assets less current liabilities
  
(51,520)
(90,550)

  

Net liabilities
  
(51,520)
(90,550)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(51,620)
(90,650)

  
(51,520)
(90,550)


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 by: 


R A Pears
Director
Date: 30 January 2025

The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
PEARS INTERNATIONAL PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Pears International Properties Limited (the "Company") is a private company limited by shares incorporated in England and Wales. The registered office address is 12th Floor, Algate Tower, 2 Leman street, London E1W 9US.

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

  
2.2

Going concern

The financial statements have been prepared on a going concern basis even though the Company has net liabilities of £51,520 (2023 - £90,550).The validity of the going concern concept is dependent on the continuing support from creditors. The director believes that the going concern concept is applicable as the Company will be able to meet its debts as and when they fall due, as the director is confident that the principal creditor will continue to provide support as required for a period of at least 12 months from the date of approval of the financial statements.

 
2.3

Turnover

Turnover is recognised at the fair value of consideration received or receivable for goods in the normal course of business and is shown net of VAT and other sales related taxes.

 
2.4

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.

 
2.5

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. 

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

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.

Page 4

 
PEARS INTERNATIONAL PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
31,125
9,425

31,125
9,425


Total current tax
31,125
9,425

Factors affecting tax charge for the year

The tax assessed for the year is the same as (2023 - the same as) the standard rate of corporation tax in the UK of 25% (2023 - 25%) as set out below:

2024
2023
£
£


Profit/(loss) on ordinary activities before tax
70,155
(30,810)


Loss on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 19%/25%)
17,539
(6,006)

Effects of:


Expenses not deductible for tax purposes
13,586
15,431

Total tax charge for the year
31,125
9,425

Page 5

 
PEARS INTERNATIONAL PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Stocks

2024
2023
£
£

Stock of properties
1,031,656
1,227,529

1,031,656
1,227,529



6.


Debtors

2024
2023
£
£


Other debtors
126,906
109,531

126,906
109,531



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
20,658
20,009

20,658
20,009



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
25,757
6,899

Other creditors
817,311
1,108,445

Accruals
387,672
332,275

1,230,740
1,447,619


Included in other creditors is a related party loan of £817,311 (2023: £1,108,445) which is secured by way of legal mortgage on the properties held as stock. The loan attracts interest at 7% p.a and is repayable on demand.

 
Page 6