Acorah Software Products - Accounts Production 16.1.300 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 10258335 Mrs Kavldeep Sondh Mr Ravinderpal Sondh true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10258335 2023-06-30 10258335 2024-06-30 10258335 2023-07-01 2024-06-30 10258335 frs-core:CurrentFinancialInstruments 2024-06-30 10258335 frs-core:Non-currentFinancialInstruments 2024-06-30 10258335 frs-core:ComputerEquipment 2024-06-30 10258335 frs-core:ComputerEquipment 2023-07-01 2024-06-30 10258335 frs-core:ComputerEquipment 2023-06-30 10258335 frs-core:ShareCapital 2024-06-30 10258335 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10258335 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10258335 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10258335 frs-bus:SmallEntities 2023-07-01 2024-06-30 10258335 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10258335 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10258335 1 2023-07-01 2024-06-30 10258335 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-06-30 10258335 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-06-30 10258335 frs-bus:Director1 2023-07-01 2024-06-30 10258335 frs-bus:Director2 2023-07-01 2024-06-30 10258335 frs-countries:EnglandWales 2023-07-01 2024-06-30 10258335 2022-06-30 10258335 2023-06-30 10258335 2022-07-01 2023-06-30 10258335 frs-core:CurrentFinancialInstruments 2023-06-30 10258335 frs-core:Non-currentFinancialInstruments 2023-06-30 10258335 frs-core:ShareCapital 2023-06-30 10258335 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 10258335 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-06-30
Registered number: 10258335
Pavilion Heights Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Mostons
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10258335
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,125 1,511
Investment Properties 5 875,000 875,000
876,125 876,511
CURRENT ASSETS
Debtors 6 4,404 4,404
Cash at bank and in hand 3,150 11,582
7,554 15,986
Creditors: Amounts Falling Due Within One Year 7 (307,588 ) (318,517 )
NET CURRENT ASSETS (LIABILITIES) (300,034 ) (302,531 )
TOTAL ASSETS LESS CURRENT LIABILITIES 576,091 573,980
Creditors: Amounts Falling Due After More Than One Year 8 (613,898 ) (613,898 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,044 ) (2,044 )
NET LIABILITIES (39,851 ) (41,962 )
CAPITAL AND RESERVES
Called up share capital 10 2 2
Fair value reserve 12 6,134 6,134
Profit and Loss Account (45,987 ) (48,098 )
SHAREHOLDERS' FUNDS (39,851) (41,962)
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Ravinderpal Sondh
Director
17/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pavilion Heights Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10258335 . The registered office is 1b Gatward Close, Winchmore Hill, London, N21 1AS.
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. Going Concern Disclosure
Having regard to the continued financial support of the directors, the going concern basis continues to be adopted in preparing the accounts
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:
Computer Equipment 20% straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 July 2023 1,931
As at 30 June 2024 1,931
Depreciation
As at 1 July 2023 420
Provided during the period 386
As at 30 June 2024 806
Net Book Value
As at 30 June 2024 1,125
As at 1 July 2023 1,511
5. Investment Property
2024
£
Fair Value
As at 1 July 2023 and 30 June 2024 875,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 866,823 866,823
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 4,404 4,404
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Other loans 19,570 19,570
Other creditors 4,278 4,278
Accruals and deferred income 3,016 3,016
Directors' loan accounts 280,723 291,653
307,588 318,517
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 613,898 613,898
Page 4
Page 5
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Other Creditors - 633,468
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
11. Directors Advances, Credits and Guarantees
Included in other creditors is a balance owed to the directors, of £280,723 (2023 £291,653). The loan has been recorded at transaction value and not at present value, discounted to market rate.
The above loan is unsecured, interest free and repayable on demand.
12. Reserves
Fair Value Reserve
£
As at 1 July 2023 6,134
As at 30 June 2024 6,134
13. Ultimate Controlling Party
In the opinion of the directors there is no controlling party.
Page 5