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Registered number: 14196657













 
PEARCE GLOBAL LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




































Page Kirk LLP
Chartered Accountants and Statutory Auditors
Sherwood House
7 Gregory Boulevard
Nottingham
NG7 6LB


 
PEARCE GLOBAL LIMITED
 

 
COMPANY INFORMATION


Directors
Mr P Shilling 
Mrs E A Snaith 
Mr P W Snaith 




Company secretary
Mrs E A Snaith



Registered number
14196657



Registered office
Castle Court
Duke Street

New Basford
Nottingham

NG7 7JN




Independent auditors
Page Kirk LLP
Chartered Accountants and Statutory Auditors

Sherwood House

7 Gregory Boulevard

Nottingham

NG7 6LB




Bankers
HSBC
26 Clumber Street

Nottingham

NG1 3GA






 
PEARCE GLOBAL LIMITED
 


CONTENTS



Page
Strategic Report
1 - 2
Directors' Report
3 - 4
Directors' Responsibilities Statement
5
Independent Auditors' Report
6 - 9
Profit and Loss Account
10
Balance Sheet
11
Statement of Changes in Equity
12 - 13
Statement of Cash Flows
14
Notes to the Financial Statements
15 - 22



 
PEARCE GLOBAL LIMITED
 

 
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MAY 2024

The directors present their strategic report for the year ended 31 May 2024.

Principal activity
 
The principal activity of the group is that of supply, installation and maintenance of all types of signage, interiors and electrical contracting.

Fair review of the business
 
The UK market demand during the period was strong in all sectors and a number of new contracts were awarded along with the maintenance and growth within existing clients. The contribution from the global market continued to grow and the Board is committed to develop this further.
The group has benefitted from investment in both the enhancements to our production equipment and office facilities in Nottingham, increasing manufacturing efficiency and capacity. This is part of a continuing program of upgrading production equipment to incorporate the latest technology. The group remains committed to improving its operational and environmental effectiveness in all aspects of its business to support continued growth and remain competitive within its marketplace.
The group values the contribution made by all its employees and is committed to investing in its employees by encouraging leading working practices and in providing a modern and safe working environment so that each employee can develop skills and competences to enhance their contribution to the future success of the business. The group is committed to paying the real living wage.
The group has shown a strong performance during the period within the core signage business and complimentary product areas. The Board with their extensive experience in the industry views the future of the group with continued confidence.

Page 1


 
PEARCE GLOBAL LIMITED
 


STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024

Principal risks and uncertainties
 
Market risk
The signage market can present unpredictable and variable levels of activity, influenced by general economic conditions and timing of major rebranding decisions or mergers and acquisitions by clients. The group considers that its customer base of high quality clients over a broad sector and geography spread mitigates this risk.
Inflation risk
In a highly competitive and price-sensitive market, opportunities to pass on the effects of inflation can be more limited. The group addresses this risk by continually reviewing its production processes and driving efficiencies and enhancements to raw material sourcing. Long term fixed price energy contracts have protected the business from increasing energy costs.
Foreign exchange risk
Increased export activity can lead to exposure to currency fluctuations and the group seeks to address this risk where possible by fixing exchange rates at the start of a significant contract and by offsetting sales receipts and supplier payments in matching currencies where appropriate.
Health and safety risk
The group operates machinery and carries out services with an inherent safety risk to project workers. Health and Safety procedures and multiple accreditations supported by thorough training ensure that the group’s safety record is excellent.
Capacity constraints
The group uses several subcontract suppliers in specific markets, providing increased capacity and flexibility. Significant investment has been made in new equipment and improving the workflow and available production space in prior years and this has increased capacity for all signage types.
Key performance indicators
The business sets and monitors annual and monthly key performance indicators. These include order input, sales by market and customer, margins and operating cash flow.


This report was approved by the board on 23 April 2025 and signed on its behalf.



................................................
Mr P Shilling
Director

Page 2


 
PEARCE GLOBAL LIMITED
 

 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MAY 2024

The directors present their report and the financial statements for the year ended 31 May 2024.

Results and dividends

The profit for the year, after taxation, amounted to £235,000 (2023 - £184,274). Dividends were £235,000 (2023 - £182,000)

Directors

The directors who served during the year were:

Mr D P Crosby (resigned 30 September 2024)
Mr M D Hudson (resigned 12 November 2024)
Mr P Shilling 
Mrs E A Snaith 
Mr P W Snaith 
Mr G A Wilton-Hillard (resigned 31 July 2023)

Objectives and policies

The group undertakes a system of budgetary control and regular forecast updates to ensure that its performance and KPI’s are achieved, business risks are identified and mitigating actions are prioritised. The Board regularly reviews the continued effectiveness of its risk management and internal control systems and has established procedures to review its business risks and implement any necessary corrective actions as required.
 
Price risk, credit risk, liquidity risk and cash flow risk

Customer contracts are awarded following tender submissions and are for a specific number of sites or a defined period of time. Pricing is fixed for the duration of these contracts. Longer term contracts may include a price review mechanism. The group regularly meets with its customers to ensure the business remains competitive and service levels are being achieved.
Default on debts due to customer insolvency is a continuing risk. The group undertakes credit checks in advance of committing resources to a new project, and the quality and spread of the customer base means that this risk is reduced as far as is possible.
The group regularly forecasts cash flow and its funding requirements to ensure the availability of liquidity and the adequacy of its banking facilities and to ensure that bank covenants are not breached.

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Page 3


 
PEARCE GLOBAL LIMITED
 

 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024

Reappointment of auditors

Page Kirk LLP have expressed their willingness to continue as auditors for the next financial year.
The address of the registered office is: 
Castle Court 
Duke Street 
New Basford 
Nottingham 
NG7 7JN

This report was approved by the board on 23 April 2025 and signed on its behalf.
 





................................................
Mr P Shilling
Director

Page 4


 
PEARCE GLOBAL LIMITED
 

 
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 MAY 2024

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:

select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 5


 
PEARCE GLOBAL LIMITED
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PEARCE GLOBAL LIMITED
 

Opinion


We have audited the financial statements of Pearce Global Limited (the 'Company') for the year ended 31 May 2024, which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Cash Flows, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 31 May 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Page 6


 
PEARCE GLOBAL LIMITED
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PEARCE GLOBAL LIMITED (CONTINUED)

Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Responsibilities of directors
 

As explained more fully in the Directors' Responsibilities Statement set out on page 5, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 7


 
PEARCE GLOBAL LIMITED
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PEARCE GLOBAL LIMITED (CONTINUED)

Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks within which the company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006, taxation legislation and money laundering regulations.
We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be the override of controls by management and the understatement of revenue.
Our audit procedures to respond to these risks included:
• Enquiries of management about their own identification and assessment of the risks of irregularities.
• Sample testing on the posting of journals.
• Reviewing regulatory correspondence and professional fees.
• Detailed substantive testing on the completeness of income.


Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.
These inherent limitations are particularly significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.


Page 8


 
PEARCE GLOBAL LIMITED
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PEARCE GLOBAL LIMITED (CONTINUED)

Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





John Wallis FCA (Senior Statutory Auditor)
  
for and on behalf of
Page Kirk LLP
 
Chartered Accountants and Statutory Auditors
  
Sherwood House
7 Gregory Boulevard
Nottingham
NG7 6LB

23 April 2025
Page 9


 
PEARCE GLOBAL LIMITED
 

 
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MAY 2024

2024
27 June 2022 to 31 May 2023
£
£

  

Income from fixed asset investments
  
235,000
185,527

Profit/(loss) on disposal of fixed asset investments
  
-
(1,253)

Profit before tax
  
235,000
184,274

Profit for the financial year/period
  
235,000
184,274

The notes on pages 15 to 22 form part of these financial statements.

Page 10


 
PEARCE GLOBAL LIMITED
REGISTERED NUMBER:14196657


BALANCE SHEET
AS AT 31 MAY 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Investments
 8 
3,296,145
3,296,145

  
3,296,145
3,296,145

Current assets
  

Debtors: amounts falling due within one year
 10 
-
162,000

  
-
162,000

Creditors: amounts falling due within one year
 11 
(20,000)
(182,000)

Net current liabilities
  
 
 
(20,000)
 
 
(20,000)

Total assets less current liabilities
  
3,276,145
3,276,145

  

Net assets
  
3,276,145
3,276,145


Capital and reserves
  

Called up share capital 
 13 
3,273,871
3,273,871

Profit and loss account
  
2,274
2,274

  
3,276,145
3,276,145


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 April 2025.




................................................
Mr P Shilling
Director

The notes on pages 15 to 22 form part of these financial statements.

Page 11

 

PEARCE GLOBAL LIMITED
 
 
 


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2024



Called up share capital
Profit and loss account
Total equity


£
£
£


At 1 June 2023
3,273,871
2,274
3,276,145



Comprehensive income for the year


Profit for the year
-
235,000
235,000


Dividends: Equity capital
-
(235,000)
(235,000)



At 31 May 2024
3,273,871
2,274
3,276,145



The notes on pages 15 to 22 form part of these financial statements.

Page 12


 

PEARCE GLOBAL LIMITED
 
 
 


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2023



Called up share capital
Profit and loss account
Total equity


£
£
£



Comprehensive income for the period


Profit for the period
-
184,274
184,274


Dividends: Equity capital
-
(182,000)
(182,000)


Shares issued during the period
5,455,000
-
5,455,000


Shares cancelled during the period
(2,181,129)
-
(2,181,129)



At 31 May 2023
3,273,871
2,274
3,276,145



The notes on pages 15 to 22 form part of these financial statements.

Page 13

 
PEARCE GLOBAL LIMITED
 


STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MAY 2024

2024
2023
£
£

Cash flows from operating activities

Profit for the financial year
235,000
184,274


(Profit)/loss on disposal of fixed asset investments
-
1,253

Income from fixed asset investments
(235,000)
(185,527)

Decrease in amounts owed by groups
162,000
-

(Decrease)/increase in amounts owed to groups
(162,000)
-

Net cash generated from operating activities

-
-



Net increase in cash and cash equivalents
-
-

Cash and cash equivalents at the end of year
-
-


Cash and cash equivalents at the end of year comprise:

-
-


The notes on pages 15 to 22 form part of these financial statements.

Page 14


 
PEARCE GLOBAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Castle Court
Duke Street
New Basford
Nottingham
NG7 7JN

2.Accounting policies

  
2.1

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated.

 
2.2

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

  
2.3

Critical accounting judgements and key sources of estimation uncertainty

Preparation of the financial statements requires management to make significant judgements and estimates. During the preparation of these financial statements there have been no significant or material judgements and estimates that require disclosure.

 
2.4

Going concern

The national and international economic outlook has been and will continue to be negatively affected by inflationary pressures and challenging labour market conditions. After assessing the potential impacts and other operational and market risks, the directors expect the company to have adequate resources and projected revenue streams to continue in operational existence for the foreseeable future and, therefore, continue to adopt the going concern basis in preparing the company's financial statements.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 15


 
PEARCE GLOBAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss  Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 
2.7

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.

  
2.8

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 
2.9

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.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each
reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when
there is an enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.


 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 16


 
PEARCE GLOBAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


Auditors' remuneration

2024
27 June 2022 to 31 May 2023
£
£

Audit of the financial statements
1,050
950


4.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023 - £Nil).


5.


Income from investments

2024
27 June 2022 to 31 May 2023
£
£





Dividends received
235,000
185,527

235,000
185,527


Page 17


 
PEARCE GLOBAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Taxation



Factors affecting tax charge for the year/period

The tax assessed for the year/period is the same as (2023 - the same as) the standard rate of corporation tax in the UK of 25% (2023 - 20.0027%) as set out below:

2024
27 June 2022 to 31 May 2023
£
£


Profit on ordinary activities before tax
235,000
184,274


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 20.0027%)
58,750
36,859

Effects of:


Dividends
(58,750)
(37,110)

Unrelieved loss on disposal of fixed asset investments
-
251

Total tax charge for the year/period
-
-


7.


Dividends

2024
2023
£
£


Dividends paid
235,000
182,000

Dividends paid
235,000
182,000

Page 18


 
PEARCE GLOBAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 June 2023
3,296,145



At 31 May 2024
3,296,145




Page 19


 
PEARCE GLOBAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

Details of undertakings


Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Name

Class of shares

Holding

Pearce Signs Limited
Ordinary Shares
100%
The International Sign Alliance Limited
Ordinary Shares
100%
Pearce Electrical (UK) Limited
Ordinary Shares
100%
Pearce Projects Limited
Ordinary Shares
70.15%
Pearce Eco Energy Limited
Ordinary Shares
100%
Pearce Signs (Central) Limited
Ordinary Shares
100%
Pearce Digital Limited
Ordinary Shares
100%
TISA Global Limited
Ordinary Shares
100%
The International Sign Alliance Asia Limited
Ordinary Shares
100%
Pearce Signs Asia Limited
Ordinary Shares
100%

Pearce Global Limited’s shareholding in Pearce Projects Limited constituted 100% of the ordinary shares during the period to 21 December 2023. Following a transfer of ordinary shares on 22 December 2023, Pearce Global Limited’s shareholding in Pearce Projects became 70.15% of the ordinary shares.
The registered office address of The International Sign Alliance Asia Limited and Pearce Signs Asia Limited is Room 2002, 20/F Hing Yip Commercial Centre, 272-284 Des Voeux Road, Central, Hong Kong.
The registered office address of all other subsidiary undertakings is Castle Court, Duke Street, Nottingham, NG7 7JN.


9.


Charges

There are charges dated 26 August 2022 entitling Mrs E A Snaith and Close Brothers Limited as security
trustees. The charges contain:
• Fixed charge.
• Floating charge covering all property or undertaking of the company.
• Negative pledge.
 


10.


Debtors

2024
2023
£
£

Page 20


 
PEARCE GLOBAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

10.Debtors (continued)


Amounts owed by related parties
-
162,000

-
162,000



11.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
20,000
182,000

20,000
182,000



12.


Financial instruments

2024
2023
£
£



Categorisation of financial isntruments


Financial assets that are debt instruments measured at amortised cost
-
162,000

Financial liabilities measured at amortised cost
20,000
182,000

20,000
344,000

Page 21


 
PEARCE GLOBAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

13.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2,181,129 (2023 - 2,181,129) Ordinary B shares of £1.00 each
2,181,129
2,181,129
1,092,742 (2023 - 1,092,742) Ordinary C shares of £1.00 each
1,092,742
1,092,742

3,273,871

3,273,871



14.


Parent and ultimate parent undertaking

Pearce Global Holdings Limited is Pearce Global Limited’s parent undertaking. Pearce Global Holdings Limited’s registered office address is Castle Court, Duke Street, New Basford, Nottingham, NG7 7JN. The directors of Pearce Global Holdings Limited do not consider there to be an ultimate controlling party.

 
Page 22