Silverfin false false 31/03/2025 01/04/2024 31/03/2025 L M Pearce 17/08/1984 R E Pearce 17/08/1984 M R R Pearce 03/10/2013 L M Pearce 10 October 2025 The principal activity of the Company during the financial year was to build new housing developments and general contract building. 01841780 2025-03-31 01841780 bus:Director1 2025-03-31 01841780 bus:Director2 2025-03-31 01841780 bus:Director3 2025-03-31 01841780 2024-03-31 01841780 core:CurrentFinancialInstruments 2025-03-31 01841780 core:CurrentFinancialInstruments 2024-03-31 01841780 core:Non-currentFinancialInstruments 2025-03-31 01841780 core:Non-currentFinancialInstruments 2024-03-31 01841780 core:ShareCapital 2025-03-31 01841780 core:ShareCapital 2024-03-31 01841780 core:RevaluationReserve 2025-03-31 01841780 core:RevaluationReserve 2024-03-31 01841780 core:RetainedEarningsAccumulatedLosses 2025-03-31 01841780 core:RetainedEarningsAccumulatedLosses 2024-03-31 01841780 core:LandBuildings 2024-03-31 01841780 core:OtherPropertyPlantEquipment 2024-03-31 01841780 core:LandBuildings 2025-03-31 01841780 core:OtherPropertyPlantEquipment 2025-03-31 01841780 core:CurrentFinancialInstruments core:Secured 2025-03-31 01841780 2024-04-01 2025-03-31 01841780 bus:FilletedAccounts 2024-04-01 2025-03-31 01841780 bus:SmallEntities 2024-04-01 2025-03-31 01841780 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 01841780 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01841780 bus:Director1 2024-04-01 2025-03-31 01841780 bus:Director2 2024-04-01 2025-03-31 01841780 bus:Director3 2024-04-01 2025-03-31 01841780 bus:CompanySecretary1 2024-04-01 2025-03-31 01841780 core:LandBuildings core:TopRangeValue 2024-04-01 2025-03-31 01841780 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 01841780 2023-04-01 2024-03-31 01841780 core:LandBuildings 2024-04-01 2025-03-31 01841780 core:CurrentFinancialInstruments 2024-04-01 2025-03-31 01841780 core:Non-currentFinancialInstruments 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Company No: 01841780 (England and Wales)

# R E PEARCE PROPERTIES LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

R E PEARCE PROPERTIES LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

R E PEARCE PROPERTIES LIMITED

## BALANCE SHEET

As at 31 March 2025
R E PEARCE PROPERTIES LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 617,869 |  | 680,300
|  | 617,869 |  | 680,300
Current assets |  |  |  |
Stocks | 4 | 1,265,483 |  | 1,633,060
Debtors | 5 | 20,269 |  | 31,275
Cash at bank and in hand |  | 382,209 |  | 225,526
|  | 1,667,961 |  | 1,889,861
Creditors: amounts falling due within one year | 6 | ( 1,033,446) |  | ( 1,115,545)
Net current assets |  | 634,515 |  | 774,316
Total assets less current liabilities |  | 1,252,384 |  | 1,454,616
Creditors: amounts falling due after more than one year | 7 | ( 51,920) |  | ( 62,906)
Provision for liabilities |  | ( 68,949) |  | ( 108,204)
Net assets |  | 1,131,515 |  | 1,283,506
Capital and reserves |  |  |  |
Called-up share capital |  | 106 |  | 106
Revaluation reserve |  | 329,059 |  | 331,599
Profit and loss account |  | 802,350 |  | 951,801
Total shareholders' funds |  | 1,131,515 |  | 1,283,506

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge 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 Profit and Loss Account has not been delivered.

The financial statements of R E Pearce Properties Limited (registered number: 01841780) were approved and authorised for issue by the Board of Directors on 10 October 2025. They were signed on its behalf by:

M R R Pearce Director |  | L M Pearce Director
R E Pearce Director |

R E PEARCE PROPERTIES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
R E PEARCE PROPERTIES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

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

##### General information and basis of accounting

R E Pearce Properties 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 South Western Business Park, Sherborne, Dorset, DT9 3PS, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised on the sales completion date for housing developments and as the contract
activity progresses for contracted work.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | 100 years straight line
Plant and machinery etc. | 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.
All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### 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.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 7 |  | 13

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery etc. |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 April 2024 | 525,000 |  | 595,057 |  | 1,120,057
Additions | 0 |  | 26,478 |  | 26,478
Disposals | 0 |  | ( 173,933) |  | ( 173,933)
At 31 March 2025 | 525,000 |  | 447,602 |  | 972,602
Accumulated depreciation |  |  |  |  |
At 01 April 2024 | 10,500 |  | 429,257 |  | 439,757
Charge for the financial year | 5,250 |  | 17,696 |  | 22,946
Disposals | 0 |  | ( 107,970) |  | ( 107,970)
At 31 March 2025 | 15,750 |  | 338,983 |  | 354,733
Net book value |  |  |  |  |
At 31 March 2025 | 509,250 |  | 108,619 |  | 617,869
At 31 March 2024 | 514,500 |  | 165,800 |  | 680,300

Revaluation of tangible assets

Included within the net book value of land and buildings above is £509,250 (2024 - £514,500) in respect of freehold land and buildings. Freehold land and buildings were professionally valued by Symonds & Sampson, an independent valuer, to have an open market value of £525,000 at 11 August 2022. Had this class of asset been measured on a historical cost basis, the carrying amount would have been £106,029 (2024 - £107,426).

| 2025 |  | 2024
| £ |  | £
Historical cost | 139,779 |  | 139,779
Accumulated depreciation | (33,750) |  | (32,353)
Carrying value | 106,029 |  | 107,426

#### 4. Stocks

| 2025 |  | 2024
| £ |  | £
Work in progress | 1,265,483 |  | 1,633,060

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Corporation tax | 0 |  | 3,539
Other debtors | 20,269 |  | 27,736
| 20,269 |  | 31,275

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 6,829 |  | 6,361
Trade creditors | 24,516 |  | 37,822
Other taxation and social security | 4,025 |  | 10,711
Obligations under finance leases and hire purchase contracts | 10,100 |  | 17,596
Other creditors | 987,976 |  | 1,043,055
| 1,033,446 |  | 1,115,545

Other creditors include an amount of £440,000 (2024 -£440,000) which is secured
The bank loans are secured by way of a fixed charge over the company's assets and guarantees provided by the directors.
Obligations under finance leases and hire purchase contracts are secured against the assets to which they relate.

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 48,453 |  | 55,282
Obligations under finance leases and hire purchase contracts | 3,467 |  | 7,624
| 51,920 |  | 62,906

The bank loans are secured.
Obligations under finance leases and hire purchase contracts are secured against the assets to which they relate.

#### 8. Related party transactions

Transactions with the entity's directors

Advances

At 1 April 2024 the balance owed from the directors was £nil. During the year, the company made advances to directors amounting to £4,424 and received repayments of £4,424 leaving a balance due from the directors of £nil.
At 1 April 2023 the balance owed from the directors was £nil. During the year, the company made advances to directors amounting to £5,578 and received repayments of £5,578 leaving a balance due from the directors of £nil.
The Directors loan accounts are repayable on demand and interest has been charged on overdrawn balances exceeding £10,000 at the official HMRC rates.