Company No: 12402699 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.12.2024		31.01.2024
		£		£
Fixed assets
Investments	3	2,874,131		2,874,131
		2,874,131		2,874,131
Current assets
Debtors	4	691,165		697,870
		691,165		697,870
Creditors: amounts falling due within one year	5	( 691,165)		( 697,870)
Net current assets		0		0
Total assets less current liabilities		2,874,131		2,874,131
Creditors: amounts falling due after more than one year	6	( 115,806)		( 115,806)
Net assets		2,758,325		2,758,325
Capital and reserves
Called-up share capital	7	1,408,325		1,408,325
Capital redemption reserve		1,350,000		1,350,000
Total shareholders' funds		2,758,325		2,758,325

For the financial period ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Pearce Homes Holdings Limited (registered number: 12402699) were approved and authorised for issue by the Director on 29 September 2025. They were signed on its behalf by:

Mr B Pearce Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Pearce Homes Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Unit 18, 23 Royal William Yard, Plymouth, PL1 3GW, United Kingdom. The principal place of business is Twelvewoods House, Unit 15, Twelvewoods Business Park, Dobwalls, Liskeard, Cornwall, PL14 6LN.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Reporting period length

The financial reporting period has been shortened to 31 December to fall in line with other group companies. As a result, prior periods are not comparable.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	Period from 01.02.2024 to 31.12.2024		Year ended 31.01.2024
	Number		Number
Monthly average number of persons employed by the Company during the period, including the director	0		0

3. Fixed asset investments

Investments in subsidiaries

	31.12.2024
	£
Cost
At 01 February 2024	2,874,131
At 31 December 2024	2,874,131
Carrying value at 31 December 2024	2,874,131
Carrying value at 31 January 2024	2,874,131

4. Debtors

	31.12.2024		31.01.2024
	£		£
Amounts owed by own subsidiaries	691,165		697,870

5. Creditors: amounts falling due within one year

	31.12.2024		31.01.2024
	£		£
Other creditors	691,165		697,870

6. Creditors: amounts falling due after more than one year

	31.12.2024		31.01.2024
	£		£
Other creditors	115,806		115,806

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	31.12.2024		31.01.2024
	£		£
Allotted, called-up and fully-paid
5 Ordinary A shares of £ 0.02 each	0.10		0.10
5 Ordinary B shares of £ 0.02 each	0.10		0.10
90 Ordinary C shares of £ 0.02 each	1.80		1.80
	2.00		2.00
1,408,323 Non-redeemable preference shares shares of £ 1.00 each	1,408,323.00		1,408,323.00
115,806 Redeemable preference shares shares of £ 1.00 each	115,806.00		115,806.00
	1,524,129.00		1,524,129.00
	1,524,131.00		1,524,131.00