PAVILION APARTMENTS (ST. JOHN'S WOOD) LIMITED

Company Registration Number:
04245522 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

PAVILION APARTMENTS (ST. JOHN'S WOOD) LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 12

PAVILION APARTMENTS (ST. JOHN'S WOOD) LIMITED

Company Information

for the Period Ended 31 March 2024




Director: MANSURUL HAQ
NILESH PATEL
JONATHAN MARK JOSEPH
Secretary: MANSURUL HAQ
Registered office: 68
Fleetwood Road
Dollis Hill
London
NW10 1NL
Company Registration Number: 04245522 (England and Wales)

PAVILION APARTMENTS (ST. JOHN'S WOOD) LIMITED

Directors' Report Period Ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal Activities

The principal activity of the Company throughout the year was holding and securing the freehold interest of the property at Pavilion Apartments, St Johns Wood, London NW8.

Additional information

Review of the business The results for the year and financial position of the Company are shown in the annexed financial statements, There have been no changes in the company's activity in the year under review. 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.

Directors

The directors shown below have held office during the whole of the period from 01 April 2023 to 31 March 2024
MANSURUL HAQ
NILESH PATEL
JONATHAN MARK JOSEPH

Secretary
MANSURUL HAQ

This report was approved by the board of directors on 28 October 2024
And Signed On Behalf Of The Board By:

Name: NILESH PATEL
Status: Director

Name: JONATHAN MARK JOSEPH
Status: Director

PAVILION APARTMENTS (ST. JOHN'S WOOD) LIMITED

Profit and Loss Account

for the Period Ended 31 March 2024


Notes

2024
£

2023
£
Turnover 141,000 63,000
Cost of sales ( 0 ) ( 0 )
Gross Profit or (Loss) 141,000 63,000
Administrative Expenses ( 16,035 ) ( 13,810 )
Operating Profit or (Loss) 124,965 49,190
Interest Receivable and Similar Income 1,926 342
Interest Payable and Similar Charges ( 5,463 ) ( 3,485 )
Profit or (Loss) Before Tax 121,428 46,047
Tax on Profit ( 28,428 ) ( 8,749 )
Profit or (Loss) for Period 93,000 37,298

The notes form part of these financial statements

PAVILION APARTMENTS (ST. JOHN'S WOOD) LIMITED

Balance sheet

As at 31 March 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 5 688,950 688,950
Total fixed assets: 688,950 688,950
Current assets
Debtors: 6 6,400 8,950
Cash at bank and in hand: 221,828 146,518
Total current assets: 228,228 155,468
Creditors: amounts falling due within one year: 7 ( 193,988 ) ( 170,629 )
Net current assets (liabilities): 34,240 ( 15,161 )
Total assets less current liabilities: 723,190 673,789
Creditors: amounts falling due after more than one year: 8 ( 61,250 ) ( 77,249 )
Total net assets (liabilities): 661,940 596,540

The notes form part of these financial statements

PAVILION APARTMENTS (ST. JOHN'S WOOD) LIMITED

Balance sheet continued

As at 31 March 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 69 69
Revaluation reserve: 9 13,498 13,498
Profit and loss account: 648,373 582,973
Shareholders funds: 661,940 596,540

For the year ending 31 March 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 28 October 2024
And Signed On Behalf Of The Board By:

Name: NILESH PATEL
Status: Director

Name: JONATHAN MARK JOSEPH
Status: Director

The notes form part of these financial statements

PAVILION APARTMENTS (ST. JOHN'S WOOD) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    This is derived from the principal activity of the Company and consists of ground rents and other sundry income.

    Tangible fixed assets depreciation policy

    No depreciation is provided in respect of freehold land and buildings since, in the opinion of the directors, the net realisable value of the freehold interest is greater than its cost.

    Other accounting policies

    Taxation Taxation for the year comprises current tax. 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.

PAVILION APARTMENTS (ST. JOHN'S WOOD) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

PAVILION APARTMENTS (ST. JOHN'S WOOD) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

PAVILION APARTMENTS (ST. JOHN'S WOOD) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Dividends


2024
£

2023
£
Dividends paid 27,600 27,600

An interim dividend for the year ended 31 March 2024 of £400
(2023: £400 ) per ordinary share of £1 each was paid on 09 November 2023. The directors do not recommend the payment of a final dividend for the year (2023: £ Nil).

PAVILION APARTMENTS (ST. JOHN'S WOOD) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Tangible assets

Land & buildings Total
Cost £ £
At 01 April 2023 688,950 688,950
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 March 2024 688,950 688,950
Depreciation
At 01 April 2023 - -
Charge for year - -
On disposals - -
Other adjustments - -
At 31 March 2024 - -
Net book value
At 31 March 2024 688,950 688,950
At 31 March 2023 688,950 688,950

Freehold Property
No depreciation is provided in respect of freehold land and buildings since, in the opinion of the directors, the net realisable value of the freehold interest is greater than its cost.

PAVILION APARTMENTS (ST. JOHN'S WOOD) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Debtors


2024
£

2023
£
Prepayments and accrued income 6,400 8,950
Total 6,400 8,950

PAVILION APARTMENTS (ST. JOHN'S WOOD) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

7.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 22,469 24,039
Trade creditors 46,373 46,373
Taxation and social security 28,428 8,749
Accruals and deferred income 2,500 1,150
Other creditors 94,218 90,318
Total 193,988 170,629

PAVILION APARTMENTS (ST. JOHN'S WOOD) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

8.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 61,250 77,249
Total 61,250 77,249

PAVILION APARTMENTS (ST. JOHN'S WOOD) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

9. Revaluation reserve


2024
£
Balance at 01 April 2023 13,498
Surplus or deficit after revaluation 0
Balance at 31 March 2024 13,498

This represents share premium.

PAVILION APARTMENTS (ST. JOHN'S WOOD) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

10.1.Related party disclosures

Name of related party: M Haq
Description of relationship:
M Haq is a director and a shareholder is the proprietor of Haq & Co Accountants.
Description of the transaction:
Haq & Co provided the following services and were paid Accountancy and taxation services £6750 (2023 : £5750 ) Use of office and Office services £2,750 (2023: £ 2250 )
Balance at 01 April 2023 500
Balance at 31 March 2024 1,500

Name of related party: N Patel
Description of relationship:
N Patel is a director and a shareholder
Description of the transaction:
Use of office and office services £ 2500 ( 2023: £ 2000 )
Balance at 01 April 2023 250
Balance at 31 March 2024 500

PAVILION APARTMENTS (ST. JOHN'S WOOD) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

10.2.Related party disclosures

Name of related party: J M Joseph
Description of relationship:
J M Joseph is a director and a shareholder.
Description of the transaction:
Use of office and office services £ 2500 (2023: £ 2000 )
Balance at 01 April 2023 250
Balance at 31 March 2024 500