REGISTERED NUMBER: 13189050 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

PEARSON KEEHAN LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K F A Keehan

C D Pearson

REGISTERED OFFICE:

100 Church Street

Brighton

East Sussex

BN1 1UJ

REGISTERED NUMBER:

13189050 (England and Wales)

ACCOUNTANTS:

Paddenburg & Co Limited

100 Church Street

Brighton

East Sussex

BN1 1UJ

FIXED ASSETS

Tangible assets

4

13,495

13,945

CURRENT ASSETS

Debtors

5

18,485

12,533

Cash at bank

225,976

96,239

244,461

108,772

CREDITORS

Amounts falling due within one year

6

77,531

50,259

NET CURRENT ASSETS

166,930

58,513

TOTAL ASSETS LESS CURRENT LIABILITIES

180,425

72,458

PROVISIONS FOR LIABILITIES

7

3,374

3,486

NET ASSETS

177,051

68,972

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

177,049

68,970

177,051

68,972

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 7 July 2025 and were signed on its behalf by:

C D Pearson - Director

K F A Keehan - Director

1.	STATUTORY INFORMATION

Pearson Keehan Ltd 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

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 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

24,420

2,175

26,595

Additions

2,445

-

2,445

At 31 March 2025

26,865

2,175

29,040

DEPRECIATION

At 1 April 2024

11,720

930

12,650

Charge for year

2,583

312

2,895

At 31 March 2025

14,303

1,242

15,545

NET BOOK VALUE

At 31 March 2025

12,562

933

13,495

At 31 March 2024

12,700

1,245

13,945

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

13,266

12,533

Accrued income

5,219

-

18,485

12,533

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

59,795

24,614

VAT

12,925

4,912

11SK Ltd

-

14,115

Directors' loan accounts

3,261

3,893

Accrued expenses

1,550

2,725

77,531

50,259

At the year-end, a balance of £nil (2024: £14,115) was due to 11SK Ltd.

The inter-company loan was interest-free and unsecured.

K Keehan and C Pearson are the directors and shareholders of the aforementioned company.

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

3,374

3,486

Deferred

tax

£

Balance at 1 April 2024

3,486

Accelerated capital allowances

(112

)

Balance at 31 March 2025

3,374

8.	RELATED PARTY DISCLOSURES

During the year, the company paid rents totalling £5,400 (2024: £5,400) to 11SK Ltd.

The company recharged running costs totalling £35,526 (2024: £21,402), incurred commission costs of £2,100 (2024: £3,028), and was in receipt of management charges totalling £12,000 (2024: £9,000) with Pearson Keehan Rand Ltd.

K Keehan and C Pearson are directors and shareholders of the above-mentioned companies.

All companies traded on normal commercial terms.

9.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party as both directors have equal beneficial share holding in the company.