| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2024 |
| FOR |
| PEAR TREE PROPERTIES LIMITED |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 6 |
| Retained earnings |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| 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 |
| NET BOOK VALUE |
| At 30 June 2024 |
| At 30 June 2023 |
| 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 |
| 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. |