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REGISTERED NUMBER: 12066886 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Pavone Properties Limited

Pavone Properties Limited (Registered number: 12066886)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pavone Properties Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: A Peacock





REGISTERED OFFICE: 74 Meddon Street
Bideford
EX39 2EW





REGISTERED NUMBER: 12066886 (England and Wales)





ACCOUNTANTS: A N Perera & Co
173 Barnfield Avenue
Kingston upon Thames
Surrey
KT2 5RQ

Pavone Properties Limited (Registered number: 12066886)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Investment property 4 206,940 206,940

CURRENT ASSETS
Debtors 5 - 995
Cash at bank and in hand 13,165 6,051
13,165 7,046
CREDITORS
Amounts falling due within one year 6 (67,744 ) (67,601 )
NET CURRENT LIABILITIES (54,579 ) (60,555 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

152,361

146,385

CREDITORS
Amounts falling due after more than
one year

7

(144,827

)

(144,827

)
NET ASSETS 7,534 1,558

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 7,533 1,557
SHAREHOLDERS' FUNDS 7,534 1,558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Pavone Properties Limited (Registered number: 12066886)

Balance Sheet - continued
30 June 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 March 2024 and were signed by:





A Peacock - Director


Pavone Properties Limited (Registered number: 12066886)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Pavone Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Pavone Properties Limited (Registered number: 12066886)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 206,940
NET BOOK VALUE
At 30 June 2023 206,940
At 30 June 2022 206,940

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors - 995

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 5,161 5,161
Taxation and social security 1,402 412
Other creditors 61,181 62,028
67,744 67,601

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 144,827 144,827

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 149,988 149,988

The company has a charge over its investment property.

Pavone Properties Limited (Registered number: 12066886)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
10 Ordinary 0.10 1 1