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Registered number: 11508058 KNOWN ESTATES LIMITED UNAUDITED DIRECTORS' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
KNOWN ESTATES LIMITED COMPANY INFORMATION
DIRECTORS | Mark Pears
| Sir Trevor Pears CMG
| David Pears
| Stuart Robinson
| WPG Registrars Limited
COMPANY SECRETARY | William Bennett
REGISTERED NUMBER | 11508058
REGISTERED OFFICE | 12th Floor
| Aldgate Tower
| 2 Leman Street
| London
| United Kingdom
| E1W 9US
KNOWN ESTATES LIMITED CONTENTS
| Page
Directors' Report | 1
Statement of Comprehensive Income | 2
Statement of Financial Position | 3
Statement of Changes in Equity | 4
Notes to the Financial Statements | 5 - 9
KNOWN ESTATES LIMITED DIRECTORS' REPORT FOR THE YEAR ENDED 30 APRIL 2025 The directors present their report and the financial statements for the year ended 30 April 2025.
PRINCIPAL ACTIVITY
The principal activity of the company is property dealing.
DIRECTORS
The directors who served during the year were:
Mark Pears
Sir Trevor Pears CMG
David Pears
Stuart Robinson
WPG Registrars Limited
SMALL COMPANIES NOTE
In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. This report was approved by the board and signed on its behalf.
William Bennett Secretary
Date: 19 December 2025
Page 1
KNOWN ESTATES LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 APRIL 2025
| 2025 | 2024
Note | £ | £
Turnover | 3 | - | -
Cost of sales | 3 | (1,808) | (1,680)
GROSS LOSS | 3 | (1,808) | (1,680)
Administrative expenses |  | (5,000) | (5,578)
OPERATING LOSS |  | (6,808) | (7,258)
Interest receivable and similar income |  | 237 | 561
LOSS BEFORE TAX |  | (6,571) | (6,697)
Tax on loss | 5 | - | -
LOSS FOR THE FINANCIAL YEAR |  | (6,571) | (6,697)
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |  | (6,571) | (6,697)
The notes on pages 5 to 9 form part of these financial statements.
Page 2
KNOWN ESTATES LIMITED REGISTERED NUMBER: 11508058 STATEMENT OF FINANCIAL POSITION AS AT 30 APRIL 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
CURRENT ASSETS |  |  |  |  |
Stocks | 6 | 275,000 |  | 275,000 |
Debtors: amounts falling due within one year | 7 | 1,043 |  | 1,715 |
Cash at bank and in hand |  | 6,393 |  | 12,869 |
|  | 282,436 |  | 289,584 |
Creditors: amounts falling due within one year | 8 | (6,141) |  | (6,718) |
NET CURRENT ASSETS |  |  | 276,295 |  | 282,866
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 276,295 |  | 282,866
NET ASSETS |  |  | 276,295 |  | 282,866
CAPITAL AND RESERVES |  |  |  |  |
Called up share capital |  |  | 1,000 |  | 1,000
Profit and loss account |  |  | 275,295 |  | 281,866
TOTAL EQUITY |  |  | 276,295 |  | 282,866
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 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. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 December 2025.
David Pears | Stuart Robinson
Director | Director
The notes on pages 5 to 9 form part of these financial statements. Page 3
KNOWN ESTATES LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 APRIL 2025
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 May 2024 | 1,000 | 281,866 | 282,866
COMPREHENSIVE INCOME FOR THE YEAR |  |  |
Loss for the year | - | (6,571) | (6,571)
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | - | (6,571) | (6,571)
AT 30 APRIL 2025 | 1,000 | 275,295 | 276,295
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 APRIL 2024
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 May 2023 | 1,000 | 288,563 | 289,563
COMPREHENSIVE INCOME FOR THE YEAR |  |  |
Loss for the year | - | (6,697) | (6,697)
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | - | (6,697) | (6,697)
AT 30 APRIL 2024 | 1,000 | 281,866 | 282,866
| The notes on pages 5 to 9 form part of these financial statements.
Page 4
KNOWN ESTATES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
1. | GENERAL INFORMATION
Known Estates Limited is a private company limited by shares incorporated in England and Wales. The registered office is 12th Floor, Aldgate Tower, 2 Leman Street, London, E1W 9US. The principal place of business is Haskell House, 152 West End Lane, London, NW6 1SD. 2.ACCOUNTING POLICIES
| 2.1 | BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The company's functional and presentational currency is GBP and rounded to the nearest £1. The following principal accounting policies have been applied:
| 2.2 | PROPERTY TRANSACTIONS
Purchases and sales of properties are included on the basis of completions occurring during the year.
| 2.3 | GOING CONCERN
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing these financial statements.
| 2.4 | INTEREST INCOME
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | STOCKS
Stocks of properties are valued at the lower of cost and estimated selling price less costs to complete and sell. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Comprehensive Income.
| 2.6 | 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. Page 5
KNOWN ESTATES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.7 | 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.
| 2.8 | FINANCIAL INSTRUMENTS
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Impairment of financial assets At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Basic financial liabilities 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 the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Page 6
KNOWN ESTATES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.8 | FINANCIAL INSTRUMENTS (CONTINUED)
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial instruments Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
| 2.9 | 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.
3. | ANALYSIS OF TURNOVER
|  | Turnover 2025 | Turnover 2024 | Cost of sales 2025 | Cost of sales 2024 | Gross Loss 2025 | Gross profit 2024
|  | £ | £ | £ | £ | £ | £
| Sales of trading stock | - | - | - | - | - | -
| Rental income | - | - | (1,808) | (1,680) | (1,808) | (1,680)
| Total | - | - | (1,808) | (1,680) | (1,808) | (1,680)
Page 7
KNOWN ESTATES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
4. | EMPLOYEES
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Directors | 4 | 4
5. | TAXATION
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Current tax on profits for the year | - | -
| TOTAL CURRENT TAX | - | -
| FACTORS AFFECTING TAX CHARGE FOR THE YEAR
| The tax assessed for the year is higher than (2024 - higher than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Loss on ordinary activities before tax | (6,571) | (6,697)
| Loss on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%) | (1,643) | (1,674)
| EFFECTS OF: |  |
| Unrelieved tax losses carried forward | 1,643 | 1,674
| TOTAL TAX CHARGE FOR THE YEAR | - | -
| FACTORS THAT MAY AFFECT FUTURE TAX CHARGES
There were no factors that may affect future tax charges. Page 8
KNOWN ESTATES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
6. | STOCKS
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Freehold property | 275,000 | 275,000
|  | 275,000 | 275,000
7. | DEBTORS
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Prepayments and accrued income | 1,043 | 1,715
|  | 1,043 | 1,715
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 1,141 | 1,718
| Accruals and deferred income | 5,000 | 5,000
|  | 6,141 | 6,718
9. | RELATED PARTY TRANSACTIONS
| The financial statements include an accountancy fee of £5,000 (2024 - £5,000) charged by The William Pears Group of Companies Limited, a company in which the directors Mark Pears, Sir Trevor Pears CMG and David Pears have an interest.
10. | CONTROLLING PARTY
The company's immediate and ultimate holding company is Pears Property Ventures Limited, a company incorporated in England. The registered office is 12th Floor, Aldgate Tower, 2 Leman Street, London, E1W 9US.
Page 9