The financial statements here comprise the separate financial statements of Pearson plc. As permitted by section 408 of the Companies Act 2006, only the Group’s income statement and statement of comprehensive income has been presented.
The company has no employees.
The accounting policies applied in the preparation of these company financial statements are the same as those set out in note 1 to the Group financial statements with the addition of the following:
Investments in subsidiaries are stated at cost less provision for impairment, with the exception of certain hedged investments that are held in a foreign currency and revalued at each balance sheet date.