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REGISTERED NUMBER: 02960332 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Pavilion Rattan Limited

Pavilion Rattan Limited (Registered number: 02960332)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pavilion Rattan Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R Poulston
Mrs K Poulston
A Poulston





SECRETARY: R Poulston





REGISTERED OFFICE: The Ulvers Building
Budby Road
Cuckney
Mansfield
NG20 9JP





REGISTERED NUMBER: 02960332 (England and Wales)





ACCOUNTANTS: Camplejohn Rowan
CFC House
Acorn Business Park
Woodseats Close
Sheffield
South Yorkshire
S8 0TB

Pavilion Rattan Limited (Registered number: 02960332)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 39,303 29,456

CURRENT ASSETS
Stocks 875,703 907,760
Debtors 5 97,406 59,868
Cash at bank and in hand 73,121 57,612
1,046,230 1,025,240
CREDITORS
Amounts falling due within one year 6 (464,795 ) (451,581 )
NET CURRENT ASSETS 581,435 573,659
TOTAL ASSETS LESS CURRENT
LIABILITIES

620,738

603,115

CREDITORS
Amounts falling due after more than one
year

7

(6,683

)

-

PROVISIONS FOR LIABILITIES (2,450 ) (2,885 )
NET ASSETS 611,605 600,230

CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Retained earnings 10 601,605 590,230
SHAREHOLDERS' FUNDS 611,605 600,230

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Pavilion Rattan Limited (Registered number: 02960332)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





A Poulston - Director


Pavilion Rattan Limited (Registered number: 02960332)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Pavilion Rattan 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.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax and sales discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 12 ) .

Pavilion Rattan Limited (Registered number: 02960332)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 8,767 15,272 28,422
Additions - 644 -
Disposals - - -
At 31 December 2023 8,767 15,916 28,422
DEPRECIATION
At 1 January 2023 8,761 13,275 27,463
Charge for year 1 660 240
Eliminated on disposal - - -
At 31 December 2023 8,762 13,935 27,703
NET BOOK VALUE
At 31 December 2023 5 1,981 719
At 31 December 2022 6 1,997 959

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 111,574 15,732 179,767
Additions 23,549 483 24,676
Disposals (16,231 ) (777 ) (17,008 )
At 31 December 2023 118,892 15,438 187,435
DEPRECIATION
At 1 January 2023 87,574 13,238 150,311
Charge for year 11,481 718 13,100
Eliminated on disposal (14,606 ) (673 ) (15,279 )
At 31 December 2023 84,449 13,283 148,132
NET BOOK VALUE
At 31 December 2023 34,443 2,155 39,303
At 31 December 2022 24,000 2,494 29,456

Assets held on hire purchase or finance leases had a net book value of £17,661 (2022: £5,932). Depreciation charged on those assets during the year amounted to £5,887 (2022: £1,977).

Pavilion Rattan Limited (Registered number: 02960332)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 64,878 43,323
Prepayments 32,528 16,545
97,406 59,868

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 5,728 272
Trade creditors 28,234 49,618
Tax 11,248 13,372
Social security and other taxes 5,873 5,656
VAT 12,348 5,330
Other creditors 2,133 1,795
Directors' current accounts 392,021 365,981
Accrued expenses 7,210 9,557
464,795 451,581

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 6,683 -

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 12,411 272
Directors' current accounts 392,021 365,981
404,432 366,253

The directors' current accounts are secured over the assets of the company.

The hire purchase contracts are secured against the assets involved.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
10,000 Ordinary £1 10,000 10,000

Pavilion Rattan Limited (Registered number: 02960332)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. RESERVES
Retained
earnings
£   

At 1 January 2023 590,230
Profit for the year 43,975
Dividends (32,600 )
At 31 December 2023 601,605

11. ULTIMATE CONTROLLING PARTY

The controlling party is R Poulston.