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Registration number: 01509144

Pavilion Court Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Pavilion Court Limited

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 8

 

Pavilion Court Limited

Company Information

Directors

Dr D J Price

Mr R D Price

Mr C E Price

Registered office

101 Pavilion Court
Marine Terrace
Folkstone
Kent
CT20 1QB

Accountants

DAH Accountancy Services Limited
Chartered Management AccountantsCedar Lodge
York Road
Shiptonthorpe
York
East Yorkshire
YO43 3PH

 

Pavilion Court Limited

(Registration number: 01509144)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

190,272

150,000

Current assets

 

Debtors

5

15,729

5,728

Cash at bank and in hand

 

4,573

50,130

 

20,302

55,858

Creditors: Amounts falling due within one year

6

(126,850)

(126,850)

Net current liabilities

 

(106,548)

(70,992)

Net assets

 

83,724

79,008

Capital and reserves

 

Called up share capital

7

194

194

Share premium reserve

83,629

83,629

Revaluation reserve

69,806

69,806

Retained earnings

(69,905)

(74,621)

Shareholders' funds

 

83,724

79,008

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 and 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 15 February 2025 and signed on its behalf by:
 

.........................................
Dr D J Price
Director

 

Pavilion Court Limited

Statement of Changes in Equity for the Year Ended 30 September 2024

Share capital
£

Share premium
£

Revaluation reserve
£

Retained earnings
£

At 1 October 2023

194

83,629

69,806

(74,620)

Profit for the year

-

-

-

4,715

At 30 September 2024

194

83,629

69,806

(69,905)

Total
£

At 1 October 2023

79,009

Profit for the year

4,715

At 30 September 2024

83,724

Share capital
£

Share premium
£

Revaluation reserve
£

Retained earnings
£

At 1 October 2022

194

83,629

69,806

(78,768)

Profit for the year

-

-

-

4,147

At 30 September 2023

194

83,629

69,806

(74,621)

Total
£

At 1 October 2022

74,861

Profit for the year

4,147

At 30 September 2023

79,008

 

Pavilion Court Limited

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.

The address of its registered office is:
101 Pavilion Court
Marine Terrace
Folkstone
Kent
CT20 1QB

These financial statements were authorised for issue by the Board on 15 February 2025.

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.

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.

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:

 

Pavilion Court Limited

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

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Pavilion Court Limited

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

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 October 2023

150,000

150,000

Additions

40,272

40,272

At 30 September 2024

190,272

190,272

Depreciation

Carrying amount

At 30 September 2024

190,272

190,272

At 30 September 2023

150,000

150,000

Included within the net book value of land and buildings above is £190,272 (2023 - £150,000) in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Other debtors

15,729

5,728

 

15,729

5,728

 

Pavilion Court Limited

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

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

540

540

Other creditors

126,310

126,310

126,850

126,850

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

103

103

103

103

Freehold of £1 each

91

91

91

91

194

194

194

194

 

Pavilion Court Limited

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

8

Related party transactions

Mr D J Price, a director and shareholder, has a loan to the company that is secured against the freehold property.

Transactions with directors

2024

At 1 October 2023
£

At 30 September 2024
£

Dr D J Price

Director Loan

(116,583)

(116,583)

2023

At 1 October 2022
£

Other payments made to company by director
£

At 30 September 2023
£

Dr D J Price

Director Loan

(116,570)

(13)

(116,583)