J B PEARCE LIMITED


Director	PEARCE, J M


Registered Address	34 Boulevard
	Weston-Super-Mare
	BS23 1NF


Registered Number	04773641 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		699,182		706,025
Investments	4		980,000		980,000
			1,679,182		1,686,025
Current assets
Debtors		51,744		43,726
Cash at bank and on hand		1,400,421		1,238,335
		1,452,165		1,282,061
Creditors amounts falling due within one year	5	(556,159)		(662,228)
Net current assets (liabilities)			896,006		619,833
Total assets less current liabilities			2,575,188		2,305,858
Provisions for liabilities			(70,711)		(72,011)
Net assets			2,504,477		2,233,847
Capital and reserves
Called up share capital			670		670
Profit and loss account			2,503,807		2,233,177
Shareholders' funds			2,504,477		2,233,847

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 21 November 2025, and are signed on its behalf by:

PEARCE, J M
Director
Registered Company No. 04773641

J B PEARCE LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises the fair value of the consideration received or receivable for the provision of services and rental accommodation in the ordinary course of the company’s activities.

	Revenue from sale of goods
	The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Freehold property:2% on cost (includes land of £650,000 which is not depreciated) Improvements to property: 10% on cost

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	3		3

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 24	772,388
	Additions	6,259
	Disposals	(14,851)
	At 31 March 25	763,546
	Depreciation and impairment
	At 01 April 24	66,363
	Charge for year	9,404
	On disposals	(11,153)
	At 31 March 25	64,364
	Net book value
	At 31 March 25	699,182
	At 31 March 24	706,025

4.	Fixed asset investments

		Total
		£
	Cost or valuation
	At 01 April 24	980,000
	At 31 March 25	980,000
	Net book value
	At 31 March 25	980,000
	At 31 March 24	980,000

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	6,643	1,439
Taxation and social security	119,902	208,754
Finance lease and HP contracts	-	18,025
Other creditors	424,772	424,755
Accrued liabilities and deferred income	4,842	9,255
Total	556,159	662,228


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	-		18,025