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REGISTERED NUMBER: 05085140 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2024

FOR

PEARSON COACHES LIMITED

PEARSON COACHES LIMITED (REGISTERED NUMBER: 05085140)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PEARSON COACHES LIMITED

COMPANY INFORMATION
for the Year Ended 30 March 2024







DIRECTOR: S Colley





REGISTERED OFFICE: Seats Hill Grange
Hull Road
Seaton
Hull
HU11 5RN





REGISTERED NUMBER: 05085140 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

PEARSON COACHES LIMITED (REGISTERED NUMBER: 05085140)

BALANCE SHEET
30 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 326,969 326,969

CURRENT ASSETS
Cash at bank 22 22

CREDITORS
Amounts falling due within one year 5 292,883 292,883
NET CURRENT LIABILITIES (292,861 ) (292,861 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,108

34,108

CREDITORS
Amounts falling due after more than one year 6 20,000 20,000
NET ASSETS 14,108 14,108

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 9,108 9,108
SHAREHOLDERS' FUNDS 14,108 14,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PEARSON COACHES LIMITED (REGISTERED NUMBER: 05085140)

BALANCE SHEET - continued
30 March 2024


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 director and authorised for issue on 13 March 2025 and were signed by:





S Colley - Director


PEARSON COACHES LIMITED (REGISTERED NUMBER: 05085140)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 March 2024


1. STATUTORY INFORMATION

Pearson Coaches Limited is a private company, limited by shares, registered in England. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in Sterling, which is the functional currency of the company.

In the year under review the company has been dormant.

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the director, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to meet its liabilities from available assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 taxation
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

PEARSON COACHES LIMITED (REGISTERED NUMBER: 05085140)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 March 2024


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 31 March 2023
and 30 March 2024 326,969
NET BOOK VALUE
At 30 March 2024 326,969
At 30 March 2023 326,969

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 67,876 67,876
Trade creditors 66,368 66,368
Amounts owed to group undertakings 132,816 132,816
Taxation and social security 12,073 12,073
Other creditors 13,750 13,750
292,883 292,883

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 20,000 20,000

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 87,876 87,876

The bank loans are secured by a legal mortgage, a legal charge and a debenture on the freehold property.

8. RELATED PARTY DISCLOSURES

At the balance sheet date Pearson Coaches Limited owed to a related company Seats Hill Leisure Ltd (company number 10737830) £147,816 (2022: £36,086).

The loan is free from interest and repayable on demand.

PEARSON COACHES LIMITED (REGISTERED NUMBER: 05085140)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 March 2024


9. ULTIMATE CONTROLLING PARTY

The controlling party is Seats Hill Leisure Ltd.

The ultimate controlling party is S Colley.