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Registration number: 12472833

Pavilion in the Park (PIPS) Ltd

Annual Report and Unaudited Financial Statements Year Ended 30 September 2024

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Chartered Accountants

 

Pavilion in the Park (PIPS) Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

Pavilion in the Park (PIPS) Ltd

Company Information

Directors

Christopher Nadin

Anna Christian

Andrew Morse

Helena Conibear

Keith Newton

Rosemary Rogers

Registered office

Pavilion In The Park St. John Way
Poundbury
Dorchester
Dorset
DT1 2FG

Accountants

Edwards & Keeping
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Pavilion in the Park (PIPS) Ltdfor the Year Ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pavilion in the Park (PIPS) Ltd for the year ended 30 September 2024 as set out on pages 3 to 7 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 at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Pavilion in the Park (PIPS) Ltd, as a body, in accordance with the terms of our engagement letter dated 21 November 2024. Our work has been undertaken solely to prepare for your approval the accounts of Pavilion in the Park (PIPS) Ltd and state those matters that we have agreed to state to the Board of Directors of Pavilion in the Park (PIPS) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pavilion in the Park (PIPS) Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Pavilion in the Park (PIPS) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Pavilion in the Park (PIPS) Ltd. You consider that Pavilion in the Park (PIPS) 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 accounts of Pavilion in the Park (PIPS) 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 accounts.






Edwards & Keeping
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

23 January 2025

 

Pavilion in the Park (PIPS) Ltd

(Registration number: 12472833)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

7,208

8,626

Current assets

 

Stocks

2,079

2,294

Debtors

5

162

260

Cash at bank and in hand

 

142,313

126,424

 

144,554

128,978

Creditors: Amounts falling due within one year

6

(49,322)

(45,707)

Net current assets

 

95,232

83,271

Net assets

 

102,440

91,897

Capital and reserves

 

Called up share capital

7

25,000

25,000

Profit and loss account

77,440

66,897

Shareholders' funds

 

102,440

91,897

For the financial year ending 30 September 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 January 2025 and signed on its behalf by:
 



Keith Newton
Director

 

Pavilion in the Park (PIPS) Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2024

1

General information

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

The address of its registered office is:
Pavilion In The Park St. John Way
Poundbury
Dorchester
Dorset
DT1 2FG
England

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 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 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

FRS102 requires that deferred tax is recognised in respect of all timing differences at the reporting date. As it is the intention of the Directors to donate the company's taxable profits to the parent charity, no deferred tax liability is included in the Accounts.

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.

 

Pavilion in the Park (PIPS) Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2024

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

Fixtures and fittings

20% reducing balance

Computer equipment

Straight line over 3 years

Kitchen equipment

Straight line over 3 years

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2023 - 14).

 

Pavilion in the Park (PIPS) Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2024

4

Tangible assets

Fixtures and furniture
£

Kitchen equipment
£

Computer equipment
£

Total
£

Cost or valuation

At 1 October 2023

14,925

3,317

2,681

20,923

Additions

-

1,000

-

1,000

Disposals

-

(897)

-

(897)

At 30 September 2024

14,925

3,420

2,681

21,026

Depreciation

At 1 October 2023

6,966

3,317

2,014

12,297

Charge for the year

1,592

159

667

2,418

Eliminated on disposal

-

(897)

-

(897)

At 30 September 2024

8,558

2,579

2,681

13,818

Carrying amount

At 30 September 2024

6,367

841

-

7,208

At 30 September 2023

7,959

-

667

8,626

5

Debtors

Current

2024
£

2023
£

Trade debtors

162

260

 

162

260

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

 

Trade creditors

 

4,939

5,115

Amounts owed to group undertakings and undertakings in which the company has a participating interest

20,463

22,461

Taxation and social security

 

17,605

14,655

Accruals and deferred income

 

6,096

3,475

Other creditors

 

219

1

 

49,322

45,707

 

Pavilion in the Park (PIPS) Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

25,000

25,000

25,000

25,000

       

8

Parent and ultimate parent undertaking

The company's immediate parent is The Talk About Trust (formerly called The Alcohol Education Trust), a charity registered in England & Wales and Scotland.