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REGISTERED NUMBER: 11376238 (England and Wales)















Pearce&Stone Limited

Unaudited Financial Statements for the Year Ended 31st May 2024






Pearce&Stone Limited (Registered number: 11376238)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pearce&Stone Limited

Company Information
for the Year Ended 31st May 2024







Directors: B Pearce
L Stone





Registered office: Honeywood Hayles Field
Frieth
Henley-On-Thames
RG9 6PP





Registered number: 11376238 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Pearce&Stone Limited (Registered number: 11376238)

Balance Sheet
31st May 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 4 642 856
Investment property 5 405,000 300,000
405,642 300,856

Current assets
Debtors 6 54 49
Cash at bank 78,941 68,217
78,995 68,266
Creditors
Amounts falling due within one year 7 (300,570 ) (300,257 )
Net current liabilities (221,575 ) (231,991 )
Total assets less current liabilities 184,067 68,865

Capital and reserves
Called up share capital 100 100
Retained earnings 183,967 68,765
Shareholders' funds 184,067 68,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 19th April 2025 and were signed on its behalf by:





L Stone - Director


Pearce&Stone Limited (Registered number: 11376238)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. Statutory information

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

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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises rental income which is credited to the income statement in the period in which the benefit is consumed by the tenants in occupancy of the property at that time.

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

Fixture and Fittings - 20% Straight Line

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 tax
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 2 (2023 - 2 ) .

Pearce&Stone Limited (Registered number: 11376238)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1st June 2023
and 31st May 2024 2,066
Depreciation
At 1st June 2023 1,210
Charge for year 214
At 31st May 2024 1,424
Net book value
At 31st May 2024 642
At 31st May 2023 856

5. Investment property
Total
£   
Fair value
At 1st June 2023 300,000
Revaluations 105,000
At 31st May 2024 405,000
Net book value
At 31st May 2024 405,000
At 31st May 2023 300,000

Fair value at 31st May 2024 is represented by:
£   
Valuation in 2024 105,000
Cost 300,000
405,000

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Prepayments and accrued income 54 49

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Tax 2,443 3,992
Directors' loan accounts 294,797 293,967
Accrued expenses 3,330 2,298
300,570 300,257

Pearce&Stone Limited (Registered number: 11376238)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

8. Directors' advances, credits and guarantees

Included within creditors amounts falling due within one year is an amount of £294,797 (2023: £293,967) due to the directors. The amount is interest free and repayable on demand.