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REGISTERED NUMBER: 09578472 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Pavilion Property Holdings Ltd

Pavilion Property Holdings Ltd (Registered number: 09578472)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Pavilion Property Holdings Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr M Gaffarian Asl





SECRETARY: Mrs P Rad





REGISTERED OFFICE: 2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR





REGISTERED NUMBER: 09578472 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

Pavilion Property Holdings Ltd (Registered number: 09578472)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,697 7,363

CURRENT ASSETS
Stocks 5 558,911 609,262
Debtors 6 135,982 83,948
Investments 7 50 50
Cash at bank 117,268 56,210
812,211 749,470
CREDITORS
Amounts falling due within one year 8 (446,894 ) (406,809 )
NET CURRENT ASSETS 365,317 342,661
TOTAL ASSETS LESS CURRENT
LIABILITIES

371,014

350,024

CREDITORS
Amounts falling due after more than one
year

9

(10,002

)

(19,047

)

PROVISIONS FOR LIABILITIES 10 (1,411 ) (1,399 )
NET ASSETS 359,601 329,578

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 359,501 329,478
SHAREHOLDERS' FUNDS 359,601 329,578

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Property Holdings Ltd (Registered number: 09578472)

Balance Sheet - continued
31 May 2024


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 director and authorised for issue on 14 January 2025 and were signed by:





Mr M Gaffarian Asl - Director


Pavilion Property Holdings Ltd (Registered number: 09578472)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Pavilion Property Holdings Ltd 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 services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Pavilion Property Holdings Ltd (Registered number: 09578472)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 7,961 6,906 14,867
DEPRECIATION
At 1 June 2023 3,042 4,462 7,504
Charge for year 738 928 1,666
At 31 May 2024 3,780 5,390 9,170
NET BOOK VALUE
At 31 May 2024 4,181 1,516 5,697
At 31 May 2023 4,919 2,444 7,363

5. STOCKS
2024 2023
£    £   
Work-in-progress 557,356 608,896
Payments on account 1,555 366
558,911 609,262

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 114,473 70,635
VAT 8,308 5,063
Prepayments 13,201 8,250
135,982 83,948

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Shares in group undertakings 50 50

Pavilion Property Holdings Ltd (Registered number: 09578472)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,002 10,760
Trade creditors 225,906 152,584
Tax 24,151 13,999
Social security and other taxes 4,645 5,186
Net wages 2,013 -
Pension fund 217 217
Other creditors 22,113 17,720
Directors' current accounts 150,727 203,493
Accrued expenses 7,120 2,850
446,894 406,809

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans > 1 year 10,002 19,047

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,411 1,399

Deferred
tax
£   
Balance at 1 June 2023 1,399
Accelerated capital allowances 12
Balance at 31 May 2024 1,411

11. OTHER FINANCIAL COMMITMENTS

There was an outstanding financial commitment as at 31/05/2024 in relation to an operating lease for an electric vehicle of £790 (2023: £5,530).

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mr M Gaffarian Asl
Balance outstanding at start of year 203,493 125,012
Amounts advanced 87,927 325,427
Amounts repaid (140,693 ) (246,946 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 150,727 203,493

Pavilion Property Holdings Ltd (Registered number: 09578472)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director Mr Gaffarian Asl by virtue of his shareholding.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Pavilion Property Holdings Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pavilion Property Holdings Ltd for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Pavilion Property Holdings Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pavilion Property Holdings Ltd and state those matters that we have agreed to state to the director of Pavilion Property Holdings Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pavilion Property Holdings Ltd and its director for our work or for this report.

It is your duty to ensure that Pavilion Property Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pavilion Property Holdings Ltd. You consider that Pavilion Property Holdings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pavilion Property Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR


Date: .............................................