Pavilion Building Limited 10602869 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is construction management. Digita Accounts Production Advanced 6.30.9574.0 true 10602869 2023-03-01 2024-02-29 10602869 2024-02-29 10602869 core:RetainedEarningsAccumulatedLosses 2024-02-29 10602869 core:ShareCapital 2024-02-29 10602869 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 10602869 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 10602869 core:FurnitureFittingsToolsEquipment 2024-02-29 10602869 core:MotorVehicles 2024-02-29 10602869 core:OtherPropertyPlantEquipment 2024-02-29 10602869 bus:SmallEntities 2023-03-01 2024-02-29 10602869 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 10602869 bus:AbridgedAccounts 2023-03-01 2024-02-29 10602869 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 10602869 bus:RegisteredOffice 2023-03-01 2024-02-29 10602869 bus:Director1 2023-03-01 2024-02-29 10602869 bus:Director2 2023-03-01 2024-02-29 10602869 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10602869 core:FurnitureFittings 2023-03-01 2024-02-29 10602869 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-29 10602869 core:MotorVehicles 2023-03-01 2024-02-29 10602869 core:OfficeEquipment 2023-03-01 2024-02-29 10602869 core:OtherPropertyPlantEquipment 2023-03-01 2024-02-29 10602869 core:PlantMachinery 2023-03-01 2024-02-29 10602869 countries:England 2023-03-01 2024-02-29 10602869 2023-02-28 10602869 core:FurnitureFittingsToolsEquipment 2023-02-28 10602869 core:MotorVehicles 2023-02-28 10602869 core:OtherPropertyPlantEquipment 2023-02-28 10602869 2022-03-01 2023-02-28 10602869 2023-02-28 10602869 core:RetainedEarningsAccumulatedLosses 2023-02-28 10602869 core:ShareCapital 2023-02-28 10602869 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 10602869 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 10602869 core:FurnitureFittingsToolsEquipment 2023-02-28 10602869 core:MotorVehicles 2023-02-28 10602869 core:OtherPropertyPlantEquipment 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 10602869

Pavilion Building Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 29 February 2024

 

Pavilion Building Limited

Contents

Company Information

1

Directors' Report

2

Abridged Balance Sheet

3 to 4

Notes to the Unaudited Abridged Financial Statements

5 to 8

 

Pavilion Building Limited

Company Information

Directors

C Pringle-Doyle

E Pringle-Doyle

Registered office

Platf9rm
Tower Point
44 North Road
Brighton
BN1 1YR

 

Pavilion Building Limited

Directors' Report for the Year Ended 29 February 2024

The directors present their report and the abridged financial statements for the year ended 29 February 2024.

Directors of the company

The directors who held office during the year were as follows:

C Pringle-Doyle

E Pringle-Doyle

Principal activity

The principal activity of the company is construction management.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 10 October 2024 and signed on its behalf by:
 

.........................................
C Pringle-Doyle
Director

 

Pavilion Building Limited

(Registration number: 10602869)
Abridged Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

31,726

40,447

Current assets

 

Debtors

-

18,489

Cash at bank and in hand

 

74,842

25,050

 

74,842

43,539

Prepayments and accrued income

 

1,696

1,458

Creditors: Amounts falling due within one year

(62,904)

(52,267)

Net current assets/(liabilities)

 

13,634

(7,270)

Total assets less current liabilities

 

45,360

33,177

Creditors: Amounts falling due after more than one year

(16,245)

(24,990)

Provisions for liabilities

(6,028)

(7,685)

Accruals and deferred income

 

(7,020)

(129)

Net assets

 

16,067

373

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

15,967

273

Total equity

 

16,067

373

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Pavilion Building Limited

(Registration number: 10602869)
Abridged Balance Sheet as at 29 February 2024

All of the company’s members have consented to the preparation of an Abridged Balance Sheet and have elected to take the option not to file the Profit and Loss Account in accordance with Section 444 of the Companies Act 2006

Approved and authorised by the Board on 10 October 2024 and signed on its behalf by:
 

.........................................

C Pringle-Doyle

Director

 

Pavilion Building Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Platf9rm
Tower Point
44 North Road
Brighton
BN1 1YR
United Kingdom

These financial statements were authorised for issue by the Board on 10 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Pavilion Building Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line

Fixtures and fittings

25% straight line

Plant and machinery

25% straight line

Motor vehicles

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Pavilion Building Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

12,958

6,380

 

Pavilion Building Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 March 2023

8,678

40,490

1,688

50,856

Additions

1,163

-

3,204

4,367

Disposals

(233)

-

-

(233)

At 29 February 2024

9,608

40,490

4,892

54,990

Depreciation

At 1 March 2023

4,650

5,208

551

10,409

Charge for the year

1,993

10,122

842

12,957

Eliminated on disposal

(102)

-

-

(102)

At 29 February 2024

6,541

15,330

1,393

23,264

Carrying amount

At 29 February 2024

3,067

25,160

3,499

31,726

At 28 February 2023

4,028

35,282

1,137

40,447