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Registered number: 07893455
Perranporth Pavilion Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Zamu
Health & Wellbeing Innov Ctr
Treliske
Truro
TR1 3FF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07893455
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 89,646 100,267
89,646 100,267
CURRENT ASSETS
Debtors 5 12,276 3,249
Cash at bank and in hand 7,197 119
19,473 3,368
Creditors: Amounts Falling Due Within One Year 6 (39,429 ) (28,189 )
NET CURRENT ASSETS (LIABILITIES) (19,956 ) (24,821 )
TOTAL ASSETS LESS CURRENT LIABILITIES 69,690 75,446
Creditors: Amounts Falling Due After More Than One Year 7 (69,446 ) (89,585 )
NET ASSETS/(LIABILITIES) 244 (14,139 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 144 (14,239 )
SHAREHOLDERS' FUNDS 244 (14,139)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Matthew Burrell
Director
27th December 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Perranporth Pavilion Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07893455 . The registered office is 8 Beach Road, Perranporth, Cornwall, TR6 0JL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 2% straight line
Fixtures & Fittings 15% reducing balance
Computer Equipment 33% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 6)
5 6
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 34,109 204,395 3,307 241,811
Additions - 464 - 464
As at 31 March 2024 34,109 204,859 3,307 242,275
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2023 2,729 135,508 3,307 141,544
Provided during the period 682 10,403 - 11,085
As at 31 March 2024 3,411 145,911 3,307 152,629
Net Book Value
As at 31 March 2024 30,698 58,948 - 89,646
As at 1 April 2023 31,380 68,887 - 100,267
5. Debtors
2024 2023
£ £
Due within one year
VAT 8,558 3,110
Due after more than one year
Directors loan account 3,718 139
12,276 3,249
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 101
Trade creditors - 2
Bank loans and overdrafts 7,421 -
Other taxes and social security 3,922 -
Other creditors 28,086 28,086
39,429 28,189
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 55,312 39,585
Other creditors 14,134 50,000
69,446 89,585
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 101
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4