Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-31falsetrue2023-06-01falseholding company.33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11388604 2023-06-01 2024-05-31 11388604 2022-06-01 2023-05-31 11388604 2024-05-31 11388604 2023-05-31 11388604 c:Director2 2023-06-01 2024-05-31 11388604 d:CurrentFinancialInstruments 2024-05-31 11388604 d:CurrentFinancialInstruments 2023-05-31 11388604 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 11388604 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 11388604 d:ShareCapital 2024-05-31 11388604 d:ShareCapital 2023-05-31 11388604 d:RetainedEarningsAccumulatedLosses 2024-05-31 11388604 d:RetainedEarningsAccumulatedLosses 2023-05-31 11388604 c:OrdinaryShareClass1 2023-06-01 2024-05-31 11388604 c:OrdinaryShareClass1 2024-05-31 11388604 c:FRS102 2023-06-01 2024-05-31 11388604 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11388604 c:FullAccounts 2023-06-01 2024-05-31 11388604 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11388604 6 2023-06-01 2024-05-31 11388604 e:PoundSterling 2023-06-01 2024-05-31 11388604 d:EntityControlledByKeyManagementPersonnel1 2023-06-01 2024-05-31 11388604 d:EntityControlledByKeyManagementPersonnel1 2024-05-31 11388604 d:EntityControlledByKeyManagementPersonnel2 2023-06-01 2024-05-31 11388604 d:EntityControlledByKeyManagementPersonnel2 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11388604









PEARSE PROPERTY INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
PEARSE PROPERTY INVESTMENTS LIMITED
REGISTERED NUMBER: 11388604

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024


2024

2023
Note
£
£
£
£

Fixed assets
  

Investments
 4 
5,249,106
5,249,106

  
5,249,106
5,249,106

Current assets
  

Debtors: amounts falling due within one year
 5 
308,000
308,000

Cash at bank and in hand
 6 
3
3

  
308,003
308,003

Creditors: amounts falling due within one year
 7 
(5,316,156)
(5,374,400)

Net current liabilities
  
 
 
(5,008,153)
 
 
(5,066,397)

  

Net assets
  
240,953
182,709


Capital and reserves
  

Called up share capital 
 8 
3
3

Profit and loss account
  
240,950
182,706

  
240,953
182,709


Page 1

 
PEARSE PROPERTY INVESTMENTS LIMITED
REGISTERED NUMBER: 11388604
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 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 have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 February 2025.


J J F O'Hara
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PEARSE PROPERTY INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Pearse Property Investments Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 101 Rowlands Avenue, Hatch End, Pinner, HA5 4AW.
The company is a holding company.                                                                                              

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 is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis notwithstanding net current liabilities of £5,008,153 (2023 - £5,066,397). Creditors falling due within one year includes a balance of £5,292,159 (2023 - £5,354,364) owed to related and group undertakings, the directors of which have provided an undertaking that they will not seek repayment until such time as the company has sufficient funds to do so and specifically not within twelve months of the date of approval of these financial statements.
On the above basis the directors consider that the preparation of the financial statements on a going concern basis is appropriate.

 
2.3

Revenue

Revenue 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. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the year in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
• the amount of revenue can be measured reliably;
• it is probable that the Company will receive the consideration due under the contract;
• the stage of completion of the contract at the reporting date can be measured reliably; and
• the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
PEARSE PROPERTY INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in the Statement of comprehensive income 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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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.

 
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, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 4

 
PEARSE PROPERTY INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost and net book value


At 1 June 2023
5,249,106



At 31 May 2024
5,249,106





5.


Debtors

2024
2023
£
£


Amounts owed to related undertakings
308,000
308,000

308,000
308,000



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3
3

3
3



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,082
1,980

Amounts owed to group undertakings
341,329
341,329

Amounts owed to related undertakings
4,950,830
5,013,035

Corporation tax
19,415
15,556

Accruals and deferred income
2,500
2,500

5,316,156
5,374,400


Page 5

 
PEARSE PROPERTY INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



3 Ordinary shares of £1 each
3
3



9.


Related party transactions

The company has taken advantage of the exemption provided by FRS102 from the requirement to disclose transactions with wholly owned group companies.
 
Included in amounts owed to related undertakings are amounts of £4,950,830 (2023 - £5,013,035) due to companies controlled by a close family member of the directors.
 
Included in amounts owed by related undertakings is amount of £308,000 (2023 - £308,000) due from a company controlled by directors of the company.


10.


Controlling party

The controlling parties are the directors by virtue of their majority shareholding in the company.

 
Page 6