REGISTERED NUMBER: 02603866 (England and Wales)

Pemberton Dear Ltd

Unaudited financial statements

for the year ended 31 March 2025

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Director:

S L Dear

Registered office:

Construction House

Runwell Road

Wickford

Essex

SS11 7HQ

Registered number:

02603866 (England and Wales)

Accountants:

Clay Ratnage Strevens & Hills

Chartered Accountants

Construction House, Runwell Road

Wickford

Essex

SS11 7HQ

Fixed assets

Tangible assets

4

-

3,152

Current assets

Stocks

5

-

2,000

Debtors

6

560

5,117

Investments

7

200

200

Cash at bank

5,987

11,626

6,747

18,943

Creditors

Amounts falling due within one year

8

7,549

6,244

Net current (liabilities)/assets

(802

)

12,699

Total assets less current liabilities

(802

)

15,851

Provisions for liabilities

9

-

599

Net (liabilities)/assets

(802

)

15,252

Capital and reserves

Called up share capital

300

300

Retained earnings

(1,102

)

14,952

(802

)

15,252

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 director acknowledges his 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 December 2025 and were signed by:

S L Dear - Director

1.	Statutory information

Pemberton Dear 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. The company ceased to trade at 31 March 2025.

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

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.

If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

3.	Employees and directors

The average number of employees during the year was 1 (2024 - 1 ) .

4.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 April 2024

11,993

51,173

63,166

Additions

-

155

155

Disposals

(11,993

)

(51,328

)

(63,321

)

At 31 March 2025

-

-

-

Depreciation

At 1 April 2024

11,954

48,060

60,014

Charge for year

9

818

827

Eliminated on disposal

(11,963

)

(48,878

)

(60,841

)

At 31 March 2025

-

-

-

Net book value

At 31 March 2025

-

-

-

At 31 March 2024

39

3,113

3,152

5.

Stocks

2025

2024

£

£

Raw materials

-

2,000

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

560

-

VAT

-

1,764

Prepayments and accrued income

-

3,353

560

5,117

7.	Current asset investments

2025

2024

£

£

Investment in subsidiary

200

200

8.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

2,343

2,238

Corporation tax

325

1,147

Credit Card

2,721

339

Director's current account

-

520

Accruals and deferred income

2,160

2,000

7,549

6,244

9.	Provisions for liabilities

2025

2024

£

£

Deferred tax

-

599

Deferred

tax

£

Balance at 1 April 2024

599

Utilised during year

(599

)

Balance at 31 March 2025

-