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REGISTERED NUMBER: 07717087 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

PAVILION CAR RENTAL LTD

PAVILION CAR RENTAL LTD (REGISTERED NUMBER: 07717087)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PAVILION CAR RENTAL LTD

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr S Broughton





REGISTERED OFFICE: Suite A, Kings House
68 Victoria Road
Burgess Hill
West Sussex
RH15 9LH





REGISTERED NUMBER: 07717087 (England and Wales)





ACCOUNTANTS: Xeinadin South East Limited
Suite A, Kings House
68 Victoria Road
Burgess Hill
West Sussex
RH15 9LH

PAVILION CAR RENTAL LTD (REGISTERED NUMBER: 07717087)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 407,224 311,434
407,224 311,434

CURRENT ASSETS
Debtors 7 12,190 20,457
Cash at bank 6,991 21,052
19,181 41,509
CREDITORS
Amounts falling due within one year 8 250,999 217,355
NET CURRENT LIABILITIES (231,818 ) (175,846 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,406

135,588

CREDITORS
Amounts falling due after more than
one year

9

(101,849

)

(110,701

)

PROVISIONS FOR LIABILITIES (1,112 ) (6,616 )
NET ASSETS 72,445 18,271

CAPITAL AND RESERVES
Called up share capital 10 101 101
Retained earnings 72,344 18,170
SHAREHOLDERS' FUNDS 72,445 18,271

PAVILION CAR RENTAL LTD (REGISTERED NUMBER: 07717087)

Statement of Financial Position - continued
31 March 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 December 2024 and were signed by:





Mr S Broughton - Director


PAVILION CAR RENTAL LTD (REGISTERED NUMBER: 07717087)

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

1. STATUTORY INFORMATION

Pavilion Car Rental 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Motor vehicles - 25% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 3 ) .

PAVILION CAR RENTAL LTD (REGISTERED NUMBER: 07717087)

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

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 258,000
AMORTISATION
At 1 April 2023
and 31 March 2024 258,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

6. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 7,125 740,129 747,254
Additions 35,882 185,153 221,035
Disposals - (16,500 ) (16,500 )
At 31 March 2024 43,007 908,782 951,789
DEPRECIATION
At 1 April 2023 7,029 428,791 435,820
Charge for year 8,247 111,487 119,734
Eliminated on disposal - (10,989 ) (10,989 )
At 31 March 2024 15,276 529,289 544,565
NET BOOK VALUE
At 31 March 2024 27,731 379,493 407,224
At 31 March 2023 96 311,338 311,434

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 - 295,511 295,511
Additions 35,882 159,888 195,770
At 31 March 2024 35,882 455,399 491,281
DEPRECIATION
At 1 April 2023 - 93,535 93,535
Charge for year 8,223 63,485 71,708
At 31 March 2024 8,223 157,020 165,243
NET BOOK VALUE
At 31 March 2024 27,659 298,379 326,038
At 31 March 2023 - 201,976 201,976

PAVILION CAR RENTAL LTD (REGISTERED NUMBER: 07717087)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 12,190 17,033
Tax - 968
VAT - 2,456
12,190 20,457

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,427 10,170
Hire purchase contracts 111,903 76,792
Tax 26,963 10,615
Social security and other taxes 1,700 1,315
Wages Control 2,203 -
VAT 3,993 -
Other creditors 90,404 117,751
Directors' current accounts 3,406 712
250,999 217,355

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-5 years 11,374 21,802
Hire purchase contracts 90,475 88,899
101,849 110,701

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary A £1 100 100
1 Ordinary B £1 1 1
101 101

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

There is an outstanding loan to the company from the director's son Philip Broughton of £90,404

(2023: £117,754 )

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S Broughton.