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REGISTERED NUMBER: 09843512 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

PAVILLION PROPERTIES
(EAST YORKSHIRE) LIMITED

PAVILLION PROPERTIES
(EAST YORKSHIRE) LIMITED (REGISTERED NUMBER: 09843512)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PAVILLION PROPERTIES
(EAST YORKSHIRE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: L J Plunkett
Mrs Z L Plunkett





REGISTERED OFFICE: 7 Checkpoint Court
Sadler Road
Lincoln
Lincolnshire
LN6 3PW





REGISTERED NUMBER: 09843512 (England and Wales)

PAVILLION PROPERTIES
(EAST YORKSHIRE) LIMITED (REGISTERED NUMBER: 09843512)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 32,352 7,156
Investment property 6 2,978,906 2,952,500
3,011,258 2,959,656

CURRENT ASSETS
Debtors 7 125,326 148,241
Cash at bank 14,811 80,929
140,137 229,170
CREDITORS
Amounts falling due within one year 8 264,067 249,370
NET CURRENT LIABILITIES (123,930 ) (20,200 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,887,328

2,939,456

CREDITORS
Amounts falling due after more than one
year

9

(1,911,948

)

(1,924,114

)

PROVISIONS FOR LIABILITIES 12 (43,803 ) (43,803 )
NET ASSETS 931,577 971,539

CAPITAL AND RESERVES
Called up share capital 10 10
Share premium 725,217 725,217
Fair value reserve 13 243,680 243,680
Retained earnings (37,330 ) 2,632
931,577 971,539

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 directors acknowledge their 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.

PAVILLION PROPERTIES
(EAST YORKSHIRE) LIMITED (REGISTERED NUMBER: 09843512)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:





L J Plunkett - Director


PAVILLION PROPERTIES
(EAST YORKSHIRE) LIMITED (REGISTERED NUMBER: 09843512)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Pavillion Properties (East Yorkshire) Limited 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. 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 unless otherwise specified within these accounting policies.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
No significant judgements have had to be made by the directors in preparing these financial statements.
The directors have made key assumptions in the determination of fair value of investment properties in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the assets.

REVENUE
Revenue comprises the value of rental income receivable from the letting of investment property owned by the Company.

Rental income is recognised on a time basis and is measured over the duration of each respective tenancy agreement, but, is only recognised to the extent that it is probable that the economic benefits will flow to the company, the amount of revenue can be reliably measured and it is probable that the Company will receive the consideration due under the tenancy agreement.

Revenue is measured as the fair value of the consideration received or receivable

TANGIBLE FIXED ASSETS
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their estimated residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following bases:
Fixtures and fittings - 15%
Motor vehicles - 25%
Computer equipment - 25%

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing thee proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

PAVILLION PROPERTIES
(EAST YORKSHIRE) LIMITED (REGISTERED NUMBER: 09843512)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES - continued

INVESTMENT PROPERTY
Investment property is carried at fair value determined annually by the directors 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. The company engage an independent valuer to assist the directors in determining fair value.

Investment property whose fair value can be measured reliably is recorded at fair value with any surplus or deficit on revaluation being recognised in the income statement accumulated in a non-distributable reserve.

No depreciation is charged on investment property.

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.

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.

4. EMPLOYEES AND DIRECTORS

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

PAVILLION PROPERTIES
(EAST YORKSHIRE) LIMITED (REGISTERED NUMBER: 09843512)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 36,145
Additions 31,352
At 31 March 2024 67,497
DEPRECIATION
At 1 April 2023 28,989
Charge for year 6,156
At 31 March 2024 35,145
NET BOOK VALUE
At 31 March 2024 32,352
At 31 March 2023 7,156

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 27,588
Transfer to ownership (27,588 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 23,105
Transfer to ownership (23,105 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 4,483

PAVILLION PROPERTIES
(EAST YORKSHIRE) LIMITED (REGISTERED NUMBER: 09843512)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 2,952,500
Additions 26,406
At 31 March 2024 2,978,906
NET BOOK VALUE
At 31 March 2024 2,978,906
At 31 March 2023 2,952,500

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2016 142,510
Valuation in 2020 144,973
Cost 2,691,423
2,978,906

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,912 12,701
Other debtors 115,414 135,540
125,326 148,241

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 128,262 128,262
Hire purchase contracts - 1,490
Trade creditors 854 194
Taxation and social security 13,128 310
Other creditors 121,823 119,114
264,067 249,370

Included in other creditors are amounts due to the directors of £101,935 (2023 - £106,717).

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 10) 1,911,948 1,924,114

PAVILLION PROPERTIES
(EAST YORKSHIRE) LIMITED (REGISTERED NUMBER: 09843512)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,600 5,600
Mortgages 122,662 122,662
128,262 128,262

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,600 5,600

Amounts falling due between two and five years:
Bank loans - 2-5 years 3,733 9,333
Mortgages 1,902,615 1,909,181
1,906,348 1,918,514

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,040,210 2,052,376

The loans are secured by charges taken over the investment properties.

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 43,803 43,803

Deferred
tax
£   
Balance at 1 April 2023 43,803
Balance at 31 March 2024 43,803

13. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 243,680