Company Registration No. SC571710 (Scotland)
The Pavilion Stirling Ltd
Unaudited accounts
for the year ended 31 July 2023
The Pavilion Stirling Ltd
Unaudited accounts
Contents
The Pavilion Stirling Ltd
Company Information
for the year ended 31 July 2023
Directors
Ian Proctor
Craig Wilkie
Company Number
SC571710 (Scotland)
Registered Office
18 Springwood Avenue
Stirling
FK8 2HN
United Kingdom
Accountants
Sleek Accounting Ltd
107 Kirkgate
Leeds
West Yorkshire
LS1 6DP
The Pavilion Stirling Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
138,266
150,176
Cash at bank and in hand
103,801
177,820
Creditors: amounts falling due within one year
(65,369)
(130,863)
Net current assets
40,099
48,369
Total assets less current liabilities
178,365
198,545
Creditors: amounts falling due after more than one year
-
(28,333)
Provisions for liabilities
Deferred tax
(6,522)
(2,867)
Net assets
171,843
167,345
Called up share capital
12
12
Share premium
199,999
199,999
Profit and loss account
(28,168)
(32,666)
Shareholders' funds
171,843
167,345
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 April 2024 and were signed on its behalf by
Ian Proctor
Director
Company Registration No. SC571710
The Pavilion Stirling Ltd
Notes to the Accounts
for the year ended 31 July 2023
The Pavilion Stirling Ltd is a private company, limited by shares, registered in Scotland, registration number SC571710. The registered office is 18 Springwood Avenue, Stirling, FK8 2HN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over the remaining term of the lease
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
33% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The Pavilion Stirling Ltd
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 August 2022
184,090
27,428
2,500
20,286
1,383
235,687
Additions
-
2,466
5,495
3,445
-
11,406
At 31 July 2023
184,090
29,894
7,995
23,731
1,383
247,093
At 1 August 2022
54,855
15,212
750
13,524
1,170
85,511
Charge for the year
18,849
2,488
487
1,421
71
23,316
At 31 July 2023
73,704
17,700
1,237
14,945
1,241
108,827
At 31 July 2023
110,386
12,194
6,758
8,786
142
138,266
At 31 July 2022
129,235
12,216
1,750
6,762
213
150,176
Amounts falling due within one year
Accrued income and prepayments
667
412
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
10,000
Taxes and social security
398
6,528
Loans from directors
51,136
90,351
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
6 Ordinary A shares of £1 each
6
6
6 Ordinary B shares of £1 each
6
6
The Pavilion Stirling Ltd
Notes to the Accounts
for the year ended 31 July 2023
9
Operating lease commitments
2023
2022
At 31 July 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
12,000
12,000
Later than one year and not later than five years
48,000
48,000
Later than five years
5,000
17,000
10
Average number of employees
During the year the average number of employees was 5 (2022: 5).