Caseware UK (AP4) 2022.0.179 2022.0.179 2022-10-312022-10-31false2021-11-01Retail sale in non-specialised stores with food, beverages or tobacco predominating, Take-away food shops and mobile food stands, Event catering activities, Other food services191falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13272801 2021-11-01 2022-10-31 13272801 2021-03-17 2021-10-31 13272801 2022-10-31 13272801 2021-10-31 13272801 c:Director1 2021-11-01 2022-10-31 13272801 d:Buildings d:LongLeaseholdAssets 2021-11-01 2022-10-31 13272801 d:Buildings d:LongLeaseholdAssets 2022-10-31 13272801 d:Buildings d:LongLeaseholdAssets 2021-10-31 13272801 d:PlantMachinery 2021-11-01 2022-10-31 13272801 d:PlantMachinery 2022-10-31 13272801 d:PlantMachinery 2021-10-31 13272801 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 13272801 d:OfficeEquipment 2021-11-01 2022-10-31 13272801 d:OfficeEquipment 2022-10-31 13272801 d:OfficeEquipment 2021-10-31 13272801 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 13272801 d:ComputerEquipment 2021-11-01 2022-10-31 13272801 d:ComputerEquipment 2022-10-31 13272801 d:ComputerEquipment 2021-10-31 13272801 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 13272801 d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 13272801 d:CurrentFinancialInstruments 2022-10-31 13272801 d:CurrentFinancialInstruments 2021-10-31 13272801 d:Non-currentFinancialInstruments 2022-10-31 13272801 d:Non-currentFinancialInstruments 2021-10-31 13272801 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 13272801 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 13272801 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 13272801 d:Non-currentFinancialInstruments d:AfterOneYear 2021-10-31 13272801 d:ShareCapital 2022-10-31 13272801 d:ShareCapital 2021-10-31 13272801 d:RetainedEarningsAccumulatedLosses 2022-10-31 13272801 d:RetainedEarningsAccumulatedLosses 2021-10-31 13272801 c:OrdinaryShareClass1 2021-11-01 2022-10-31 13272801 c:OrdinaryShareClass1 2022-10-31 13272801 c:OrdinaryShareClass1 2021-10-31 13272801 c:OrdinaryShareClass2 2021-11-01 2022-10-31 13272801 c:OrdinaryShareClass2 2022-10-31 13272801 c:OrdinaryShareClass2 2021-10-31 13272801 c:FRS102 2021-11-01 2022-10-31 13272801 c:AuditExempt-NoAccountantsReport 2021-11-01 2022-10-31 13272801 c:FullAccounts 2021-11-01 2022-10-31 13272801 c:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 13272801 d:WithinOneYear 2022-10-31 13272801 d:WithinOneYear 2021-10-31 13272801 d:BetweenOneFiveYears 2022-10-31 13272801 d:BetweenOneFiveYears 2021-10-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13272801










PAVILION FOODS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2022

 
PAVILION FOODS LTD
REGISTERED NUMBER: 13272801

BALANCE SHEET
AS AT 31 OCTOBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
498,949
170,843

  
498,949
170,843

Current assets
  

Stocks
 5 
49,147
3,929

Debtors: amounts falling due within one year
 6 
19,100
226,062

Cash at bank and in hand
  
82,834
213,513

  
151,081
443,504

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(84,698)
(13,815)

Net current assets
  
 
 
66,383
 
 
429,689

Total assets less current liabilities
  
565,332
600,532

Creditors: amounts falling due after more than one year
 8 
(955,546)
(650,675)

  

Net liabilities
  
(390,214)
(50,143)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(390,314)
(50,243)

  
(390,214)
(50,143)


Page 1

 
PAVILION FOODS LTD
REGISTERED NUMBER: 13272801

BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2022

The director considers 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 director acknowledges his 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 have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






M L Judah
Director

Date: 24 October 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PAVILION FOODS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1.


General information

Pavilion Foods Limited is a private company limited by shares and registered in England and Wales. The registered office is 2 Communications Road, Greenham Business Park, Greenham, Newbury, Berkshire, RG19 6AB.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

As shown by the financial statements the liabilities of the company exceed its assets and the company meets its day to day working capital requirements through financial support from the director. Since the director has sufficient resources to continue financing the company up until the company turns a profit then it is agreed that loans from the director will not be called in until the company has sufficient funds to repay the loan. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
PAVILION FOODS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10%
straight line
Plant and machinery
-
10%
straight line
Office equipment
-
15%
reducing balance
Computer equipment
-
10%
straight line

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet 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 profit or loss.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 4

 
PAVILION FOODS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

 
2.10

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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs 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 receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 19 (2021 - 1).


4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 November 2021
170,505
-
1,283
1,062
172,850


Additions
286,566
71,447
5,616
16,597
380,226



At 31 October 2022

457,071
71,447
6,899
17,659
553,076



Depreciation


At 1 November 2021
1,925
-
64
18
2,007


Charge for the year on owned assets
43,431
6,374
869
1,446
52,120



At 31 October 2022

45,356
6,374
933
1,464
54,127



Net book value



At 31 October 2022
411,715
65,073
5,966
16,195
498,949



At 31 October 2021
168,580
-
1,219
1,044
170,843

Page 5

 
PAVILION FOODS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

5.


Stocks

2022
2021
£
£

Finished goods and goods for resale
49,147
3,929

49,147
3,929



6.


Debtors

2022
2021
£
£


Other debtors
8,727
222,297

Prepayments and accrued income
10,373
3,765

19,100
226,062



7.


Creditors: amounts falling due within one year

2022
2021
£
£

Trade creditors
-
8,053

Other taxation and social security
14,321
2,056

Other creditors
952
21

Accruals and deferred income
69,425
3,685

84,698
13,815



8.


Creditors: amounts falling due after more than one year

2022
2021
£
£

Other creditors
955,546
650,675

955,546
650,675


Page 6

 
PAVILION FOODS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

9.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



51 (2021 - 51) A ordinary shares of £1.00 each
51
51
49 (2021 - 49) B ordinary shares of £1.00 each
49
49

100

100

All shares rank pari passu with each other, however the directors have the authority to pay differing rates of dividends on each class of share.



10.


Pension commitments

During the year the company made contributions totalling £2,694 (2021: £Nil) to a defined
contribution pension scheme.
As at the year end a balance of £947 (2021: £Nil) was due to be paid to the scheme by the Company.


11.


Commitments under operating leases

At 31 October 2022 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2022
2021
£
£


Not later than 1 year
72,974
51,500

Later than 1 year and not later than 5 years
203,792
279,000

276,766
330,500


12.


Related party transactions

At the balance sheet date the director was owed £955,546 (2021: £650,675). This is a non-interest bearing loan with no set repayment date.


Page 7