Caseware UK (AP4) 2024.0.164 2024.0.164 2025-04-30 2025-04-30 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.3 false 2024-05-01 false 3 true false 9740570 2024-05-01 2025-04-30 9740570 2023-05-01 2024-04-30 9740570 2025-04-30 9740570 2024-04-30 9740570 2023-05-01 9740570 c:CompanySecretary1 2024-05-01 2025-04-30 9740570 c:Director1 2024-05-01 2025-04-30 9740570 c:Director2 2024-05-01 2025-04-30 9740570 c:Director3 2024-05-01 2025-04-30 9740570 c:Director4 2024-05-01 2025-04-30 9740570 c:RegisteredOffice 2024-05-01 2025-04-30 9740570 d:CurrentFinancialInstruments 2025-04-30 9740570 d:CurrentFinancialInstruments 2024-04-30 9740570 d:CurrentFinancialInstruments d:WithinOneYear 2025-04-30 9740570 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 9740570 d:UKTax 2024-05-01 2025-04-30 9740570 d:UKTax 2023-05-01 2024-04-30 9740570 d:ShareCapital 2024-05-01 2025-04-30 9740570 d:ShareCapital 2025-04-30 9740570 d:ShareCapital 2023-05-01 2024-04-30 9740570 d:ShareCapital 2024-04-30 9740570 d:ShareCapital 2023-05-01 9740570 d:RetainedEarningsAccumulatedLosses 2024-05-01 2025-04-30 9740570 d:RetainedEarningsAccumulatedLosses 2025-04-30 9740570 d:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 9740570 d:RetainedEarningsAccumulatedLosses 2024-04-30 9740570 d:RetainedEarningsAccumulatedLosses 2023-05-01 9740570 c:FRS102 2024-05-01 2025-04-30 9740570 c:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 9740570 c:FullAccounts 2024-05-01 2025-04-30 9740570 c:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 9740570 d:Subsidiary1 2024-05-01 2025-04-30 9740570 d:Subsidiary1 1 2024-05-01 2025-04-30 9740570 d:Subsidiary2 2024-05-01 2025-04-30 9740570 d:Subsidiary2 1 2024-05-01 2025-04-30 9740570 d:Subsidiary3 2024-05-01 2025-04-30 9740570 d:Subsidiary3 1 2024-05-01 2025-04-30 9740570 d:Subsidiary4 2024-05-01 2025-04-30 9740570 d:Subsidiary4 1 2024-05-01 2025-04-30 9740570 d:Subsidiary5 2024-05-01 2025-04-30 9740570 d:Subsidiary5 1 2024-05-01 2025-04-30 9740570 d:Subsidiary7 2024-05-01 2025-04-30 9740570 d:Subsidiary7 1 2024-05-01 2025-04-30 9740570 d:Subsidiary8 2024-05-01 2025-04-30 9740570 d:Subsidiary8 1 2024-05-01 2025-04-30 9740570 d:Subsidiary10 2024-05-01 2025-04-30 9740570 d:Subsidiary10 1 2024-05-01 2025-04-30 9740570 d:Subsidiary13 2024-05-01 2025-04-30 9740570 d:Subsidiary13 1 2024-05-01 2025-04-30 9740570 d:Subsidiary14 2024-05-01 2025-04-30 9740570 d:Subsidiary14 1 2024-05-01 2025-04-30 9740570 2 2024-05-01 2025-04-30 9740570 6 2024-05-01 2025-04-30 9740570 d:JointVenture1 2024-05-01 2025-04-30 9740570 d:JointVenture1 1 2024-05-01 2025-04-30 9740570 d:JointVenture2 2024-05-01 2025-04-30 9740570 d:JointVenture2 1 2024-05-01 2025-04-30 9740570 d:JointVenture3 2024-05-01 2025-04-30 9740570 d:JointVenture3 1 2024-05-01 2025-04-30 9740570 d:JointVenture4 2024-05-01 2025-04-30 9740570 d:JointVenture4 1 2024-05-01 2025-04-30 9740570 d:JointVenture5 2024-05-01 2025-04-30 9740570 d:JointVenture5 1 2024-05-01 2025-04-30 9740570 e:PoundSterling 2024-05-01 2025-04-30 iso4217:GBP xbrli:pure

Registered number: 9740570 PEARS PROPERTY VENTURES LIMITED UNAUDITED DIRECTORS' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
PEARS PROPERTY VENTURES LIMITED COMPANY INFORMATION
DIRECTORS | Mark Pears
| Sir Trevor Pears CMG
| David Pears
| WPG Registrars Limited
COMPANY SECRETARY | William Bennett
REGISTERED NUMBER | 9740570
REGISTERED OFFICE | 12th Floor Aldgate Tower
| 2 Leman Street
| London
| United Kingdom
| E1W 9US
PEARS PROPERTY VENTURES 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 - 11
PEARS PROPERTY VENTURES 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 to act as a holding company.
DIRECTORS
The directors who served during the year were:
Mark Pears
Sir Trevor Pears CMG
David Pears
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 on 8 January 2026 and signed on its behalf.
William Bennett Secretary
Page 1
PEARS PROPERTY VENTURES LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 APRIL 2025
| 2025 | 2024
Note | £ | £
Administrative expenses |  | - | (6,608)
OPERATING PROFIT/(LOSS) |  | - | (6,608)
Income from shares in group undertakings |  | 197,517 | 1,368,000
Interest receivable and similar income | 4 | 1,496,815 | 1,456,627
PROFIT BEFORE TAX |  | 1,694,332 | 2,818,019
Tax on profit | 5 | (374,204) | (362,505)
PROFIT FOR THE FINANCIAL YEAR |  | 1,320,128 | 2,455,514
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |  | 1,320,128 | 2,455,514
The notes on pages 5 to 11 form part of these financial statements.
Page 2
PEARS PROPERTY VENTURES LIMITED REGISTERED NUMBER: 9740570 STATEMENT OF FINANCIAL POSITION AS AT 30 APRIL 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
FIXED ASSETS |  |  |  |  |
Investments | 6 |  | 5,841 |  | 6,601
|  |  | 5,841 |  | 6,601
CURRENT ASSETS |  |  |  |  |
Debtors: amounts falling due within one year | 7 | 26,204,633 |  | 25,122,980 |
Cash at bank and in hand |  | 1,343 |  | 409 |
|  | 26,205,976 |  | 25,123,389 |
Creditors: amounts falling due within one year | 8 | (124,704) |  | (363,005) |
NET CURRENT ASSETS |  |  | 26,081,272 |  | 24,760,384
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 26,087,113 |  | 24,766,985
NET ASSETS |  |  | 26,087,113 |  | 24,766,985
CAPITAL AND RESERVES |  |  |  |  |
Called up share capital |  |  | 999 |  | 999
Profit and loss account |  |  | 26,086,114 |  | 24,765,986
TOTAL EQUITY |  |  | 26,087,113 |  | 24,766,985
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 8 January 2026.
David Pears
Director
The notes on pages 5 to 11 form part of these financial statements. Page 3
PEARS PROPERTY VENTURES 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 | 999 | 24,765,986 | 24,766,985
Profit for the year | - | 1,320,128 | 1,320,128
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | - | 1,320,128 | 1,320,128
AT 30 APRIL 2025 | 999 | 26,086,114 | 26,087,113
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 | 999 | 22,310,472 | 22,311,471
Profit for the year | - | 2,455,514 | 2,455,514
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | - | 2,455,514 | 2,455,514
AT 30 APRIL 2024 | 999 | 24,765,986 | 24,766,985
| The notes on pages 5 to 11 form part of these financial statements.
Page 4
PEARS PROPERTY VENTURES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
1. | GENERAL INFORMATION
Pears Property Ventures 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 | 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.
| 2.3 | EXEMPTION FROM PREPARING CONSOLIDATED FINANCIAL STATEMENTS
The Company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.
| 2.4 | VALUATION OF INVESTMENTS
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.5 | 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.
| 2.6 | 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. Page 5
PEARS PROPERTY VENTURES 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. Other financial assets Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment. 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. 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. Page 6
PEARS PROPERTY VENTURES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.8 | FINANCIAL INSTRUMENTS (CONTINUED)
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. 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 | INTEREST INCOME
Interest income is recognised in profit or loss using the effective interest method.
| 2.10 | TAXATION
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Page 7
PEARS PROPERTY VENTURES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
3. | EMPLOYEES
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Directors | 3 | 3
4. | INTEREST RECEIVABLE AND SIMILAR INCOME
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Interest receivable from joint venture | 50,272 | 50,612
| Sundry loan interest receivable | 1,446,381 | 1,403,399
| Other interest receivable | 162 | 2,616
|  | 1,496,815 | 1,456,627
5. | TAXATION
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| CORPORATION TAX |  |
| Current tax on profits for the year | 374,204 | 362,505
| FACTORS AFFECTING TAX CHARGE FOR THE YEAR
| The tax assessed for the year is lower than (2024 - lower than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Profit on ordinary activities before tax | 1,694,332 | 2,818,020
| Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%) | 423,583 | 704,505
| EFFECTS OF: |  |
| Non-taxable income | (49,379) | (342,000)
| TOTAL TAX CHARGE FOR THE YEAR | 374,204 | 362,505
| FACTORS THAT MAY AFFECT FUTURE TAX CHARGES
There were no factors that may affect future tax charges. Page 8
PEARS PROPERTY VENTURES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
6. | FIXED ASSET INVESTMENTS
|  | Investments in subsidiary companies | Investment in joint ventures | Total
|  | £ | £ | £
| COST OR VALUATION |  |  |
| At 1 May 2024 | 4,940 | 1,661 | 6,601
| Disposals | - | (760) | (760)
| At 30 April 2025 | 4,940 | 901 | 5,841
| SUBSIDIARY UNDERTAKINGS
| The following were subsidiary undertakings of the Company:
| Name | Registered office | Principal activity | Class of shares | Holding
| P Car Properties Limited | 3 Coach House Yard,Hampstead High Street,London,United Kingdom NW3 1QF | Property dealing | Ordinary A | 50
| Elmbury Limited | 12th Floor, Aldgate Tower, 2 Leman Street, London, E1W 9US. | Property dealing | Ordinary A | 50
| Pandora Properties Limited | 12th Floor, Aldgate Tower, 2 Leman Street, London, E1W 9US. | Property dealing | Ordinary A | 50
| Known Estates Limited | 12th Floor, Aldgate Tower, 2 Leman Street, London, E1W 9US. | Property dealing | Ordinary A | 44
| Pagor Properties Limited | 12th Floor, Aldgate Tower, 2 Leman Street, London, E1W 9US. | Property investment | Ordinary A | 50
| Craiglynne Properties Limited | 12th Floor, Aldgate Tower, 2 Leman Street, London, E1W 9US. | Hotels operation | Ordinary A | 50
| P Khal Properties (Leeds) Limited | 12th Floor, Aldgate Tower, 2 Leman Street, London, E1W 9US. | Property dealing | Ordinary A | 50
| SP Properties (Finchley) Limited | 12th Floor, Aldgate Tower, 2 Leman Street, London, E1W 9US. | Property dealing | Ordinary A | 50
| J P Library Limited | 12th Floor, Aldgate Tower, 2 Leman Street, London, E1W 9US. | Dormant company | Ordinary A | 50
| PJ Properties (Bucks) Limited | 12th Floor, Aldgate Tower, 2 Leman Street, London, E1W 9US. | Property dealing | Ordinary A | 50
Page 9
PEARS PROPERTY VENTURES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
| JOINT VENTURES
| The following were joint ventures of the Company:
| Name | Registered office | Principal activity | Holding
| 4 Canal Street Limited | Timber Wharf,16-22 Worsley Street,Manchester,M15 4LD | Property investment | 50
| PU Properties (Salford) Limited | 12th Floor, Aldgate Tower, 2 Leman Street, London, E1W 9US. | Property dealing | 50
| Rockport Estates Limited | 12th Floor, Aldgate Tower, 2 Leman Street, London, E1W 9US. | Holding company | 40
| *Phoenix Leisure Mnanagement Limited | 12th Floor, Aldgate Tower, 2 Leman Street, London, E1W 9US. | Property dealing | 40
| Bywater Warehouse Limited (Dissolved 06 August 2024) | 12th Floor, Aldgate Tower, 2 Leman Street, London, E1W 9US. | Property investment | 38
| * Held directly by Rockport Estates Limited
7. | DEBTORS
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed by joint ventures and associated undertakings | 798,948 | 844,338
| Sundry loans | 25,291,356 | 24,150,641
| Prepayments and accrued income | 114,329 | 128,001
|  | 26,204,633 | 25,122,980
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax | 124,204 | 362,505
| Other creditors | 500 | 500
|  | 124,704 | 363,005
Page 10
PEARS PROPERTY VENTURES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
9. | RELATED PARTY TRANSACTIONS
| Debtors included an amount of £798,948 (2024 - £844,338) due from 4 Canal Street Limited, a joint venture company of Pears Property Ventures Limited. The financial statements include £50,272 (2024 - £50,612) of interest receivable from the company. Debtors included an amount of £25,291,356 (2024 - £24,150,641) due from WPG Treasury Limited, a company in which the directors Mark Pears, Sir Trevor Pears CMG and David Pears have an interest. The financial statements include £1,446,381 (2024 - £1,403,399) of interest receivable from the company.
Page 11