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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
Page
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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
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The Pavilion Stirling Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
138,266 
150,176 
Current assets
Inventories
1,000 
1,000 
Debtors
667 
412 
Cash at bank and in hand
103,801 
177,820 
105,468 
179,232 
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 
Capital and reserves
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
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The Pavilion Stirling Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 taxation
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
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
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.
Pension 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.
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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 
Depreciation
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 
Net book value
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 
5
Debtors
2023 
2022 
£ 
£ 
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 
VAT
7,011 
9,503 
Trade creditors
656 
3,755 
Taxes and social security
398 
6,528 
Other creditors
416 
106 
Loans from directors
51,136 
90,351 
Accruals
5,752 
10,620 
65,369 
130,863 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
28,333 
8
Share capital
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 
12 
12 
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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 
65,000 
77,000 
10
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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