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Company Registration No. 12437598 (England and Wales)
Pearson Holding (Hull) Limited Unaudited accounts for the year ended 30 June 2024
Pearson Holding (Hull) Limited Unaudited accounts Contents
Page
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Pearson Holding (Hull) Limited Company Information for the year ended 30 June 2024
Directors
Mr E F Pearson Mr O W Pearson
Company Number
12437598 (England and Wales)
Registered Office
Brooklands House 58 Springfield Way Anlaby East Yorkshire HU10 6RJ England
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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Pearson Holding (Hull) Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
310,000 
334,692 
Debtors
173,695 
167,253 
Cash at bank and in hand
5,485 
167 
489,180 
502,112 
Creditors: amounts falling due within one year
(465,487)
(472,054)
Net current assets
23,693 
30,058 
Total assets less current liabilities
23,693 
30,058 
Creditors: amounts falling due after more than one year
(11,639)
(18,118)
Net assets
12,054 
11,940 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
11,954 
11,840 
Shareholders' funds
12,054 
11,940 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by
Mr E F Pearson Director Company Registration No. 12437598
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Pearson Holding (Hull) Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Pearson Holding (Hull) Limited is a private company, limited by shares, registered in England and Wales, registration number 12437598. The registered office is Brooklands House, 58 Springfield Way, Anlaby, East Yorkshire, HU10 6RJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
173,695 
167,253 
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Pearson Holding (Hull) Limited Notes to the Accounts for the year ended 30 June 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,479 
6,479 
Trade creditors
- 
13,009 
Loans from directors
459,008 
452,566 
465,487 
472,054 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,639 
18,118 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Transactions with related parties
At 30th June 2023 Grayson Developments (Hull) limited owed Pearson Holding (Hull) Limited £145,471 (2022 £172,800) At 30th June 2023 Pearson Holding (Hull) Limited owed Wardolls Limited £21,783 (2022 £5,699) This sum is repayable on demand and interest free
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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