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REGISTERED NUMBER: 00583958 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

PEAR TREE PROPERTIES LIMITED

PEAR TREE PROPERTIES LIMITED (REGISTERED NUMBER: 00583958)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PEAR TREE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: J R Menard
M Menard





REGISTERED OFFICE: Sheffield Stables
1 Sheffield Road
Southborough
Tunbridge Wells
Kent
TN4 0PD





REGISTERED NUMBER: 00583958 (England and Wales)





ACCOUNTANTS: Raymond Benn & Co Limited
Chartered Certified Accountants
1 Sheffield Road
Southborough
TUNBRIDGE WELLS
Kent
TN4 0PD

PEAR TREE PROPERTIES LIMITED (REGISTERED NUMBER: 00583958)

ABRIDGED BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 1 73,000
Investment property 5 1,800,000 1,800,000
1,800,001 1,873,000

CURRENT ASSETS
Debtors 49,660 139,652
Cash at bank - 535
49,660 140,187
CREDITORS
Amounts falling due within one year (143,674 ) (160,594 )
NET CURRENT LIABILITIES (94,014 ) (20,407 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,705,987

1,852,593

PROVISIONS FOR LIABILITIES (261,178 ) (261,178 )
NET ASSETS 1,444,809 1,591,415

CAPITAL AND RESERVES
Called up share capital 16,000 16,000
Revaluation reserve 6 1,323,087 1,323,087
Retained earnings 105,722 252,328
1,444,809 1,591,415

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

PEAR TREE PROPERTIES LIMITED (REGISTERED NUMBER: 00583958)

ABRIDGED BALANCE SHEET - continued
30 JUNE 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 May 2025 and were signed on its behalf by:





J R Menard - Director


PEAR TREE PROPERTIES LIMITED (REGISTERED NUMBER: 00583958)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Pear Tree Properties 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.

Preparation of consolidated financial statements
The financial statements contain information about Pear Tree Properties Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings re recognised at cost less provision for impairment.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

PEAR TREE PROPERTIES LIMITED (REGISTERED NUMBER: 00583958)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 July 2023 73,000
Impairments (72,999 )
At 30 June 2024 1
NET BOOK VALUE
At 30 June 2024 1
At 30 June 2023 73,000

The company owns 73% of the issued share capital of Gotthem! Limited, a company registered in England and Wales.

An impairment charge of £72,999 has been made in the year.

The remaining 27% of the issued share capital of Gotthem! Limited is owned equally by Mr J Menard and Mr M Menard who are both directors of Gotthem! Limited and Pear Tree Properties Limited.

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 July 2023
and 30 June 2024 1,800,000
NET BOOK VALUE
At 30 June 2024 1,800,000
At 30 June 2023 1,800,000

Cost or valuation at 30 June 2024 is represented by:
£   
Valuation in 1997 401,427
Valuation in 1998 100,000
Valuation in 2009 591,479
Valuation in 2022 491,359
Cost 215,735
1,800,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 215,735 215,735

Investment property was valued on an open market basis on 15 June 2022 by Messrs Deal Varney, Chartered Surveyors .

PEAR TREE PROPERTIES LIMITED (REGISTERED NUMBER: 00583958)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 1,323,087

7. RELATED PARTY DISCLOSURES

Included in debtors are the following related parties where funds are being used to develop new business:
£
Loan to Gotthem! Limited 14,950
Loan to Octopus Metrics Limited 99,607

These balances have been fully provided for.

Pear Tree Properties Limited owns 73% of the ordinary share capital of Gotthem! Limited
The remaining 27% of shares are held equally by the two directors of Pear Tree Properties Limited

The share capital of Octopus Metrics Limited is owned equally by the two directors of Pear Tree Properties Limited.

Included in debtors are the following related parties:


Pear Tree Properties Management Limited £10,229

Pear Tree Properties Management Limited (PTPML) was created by the directors to manage the commercial lettings of Pear Tree Properties Limited, with each director holding an equal share in the company. The two companies operate under an arms length commercial arrangement for the collection of rents and the management of the properties.

The management charge for the year ended 30 June 2024 is £68,679.