ACCOUNTS - Final Accounts

Loans and other debts due to members

Registered number: OC433923

PEARSON'S INVESTMENTS LLP

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

PEARSON'S INVESTMENTS LLP

REGISTERED NUMBER: OC433923

STATEMENT OF FINANCIAL POSITION

AS AT 30 NOVEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Investment property	4		2,495,000		2,495,000
Current assets
Debtors: amounts falling due within one year	5	1,175		1,175
Cash at bank and in hand		1,706		2
Creditors: Amounts Falling Due Within One Year	6	(921)		(11,534)
Net current assets/(liabilities)			1,960		(10,357)

Net assets			2,496,960		2,484,643

Represented by:
Loans and other debts due to members within one year
Other amounts	7		1,958		(10,359)
Members' other interests
Members' capital classified as equity			1,476,618		1,476,618
Revaluation reserve classified as equity		1,018,384		1,018,384
			2,496,960		2,484,643

Total members' interests
Loans and other debts due to members	7	1,958	(10,359)
Members' other interests		2,495,002	2,495,002
		2,496,960	2,484,643

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PEARSON'S INVESTMENTS LLP

REGISTERED NUMBER: OC433923

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 NOVEMBER 2025

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by:

D&A Construction Limited

Designated member

Date: 28 August 2026

The notes on pages 3 to 6 form part of these financial statements.

Pearson's Investments LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

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PEARSON'S INVESTMENTS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

1.	General information

Pearson's Investments LLP ("the LLP") is a limited liability partnership incorporated in England and Wales. Its registered office is Leytonstone House, Leytonstone, London, E11 1GA.

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 following principal accounting policies have been applied:

2.2

Revenue

Rental income

Rental income from operating leases is recognised on a straight line basis over the term of lease.

2.3

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and the members and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

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.

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PEARSON'S INVESTMENTS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 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 LLP 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 LLP's Statement of financial position when the LLP becomes party to the contractual provisions of the instrument.

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 LLP 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.

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.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

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PEARSON'S INVESTMENTS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

4.	Investment property

		Long term leasehold investment property
		£
	Valuation
	At 1 December 2024	2,495,000
	At 30 November 2025	2,495,000

The 2025 valuations were made by the members, on an open market value for existing use basis.

Debtors

					2025	2024
					£	£


Prepayments and accrued income	1,175	1,175

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	21	176
Other creditors	-	10,458
Accruals and deferred income	900	900
	921	11,534

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PEARSON'S INVESTMENTS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025


	Other amounts due to members	1,958	(10,359)

Loans and other debts due to members may be further analysed as follows:

					2025	2024
					£	£


	Falling due within one year	1,958	(10,359)

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

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