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REGISTERED NUMBER: 10634994 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

PAVY INVESTMENTS LIMITED

PAVY INVESTMENTS LIMITED (REGISTERED NUMBER: 10634994)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PAVY INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTORS: Mr A P Georgiou
Mr S Makris





REGISTERED OFFICE: 869 High Road
London
N12 8QA





REGISTERED NUMBER: 10634994 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

PAVY INVESTMENTS LIMITED (REGISTERED NUMBER: 10634994)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,231,609 1,231,609

CURRENT ASSETS
Debtors 5 3,461 3,546
Cash at bank and in hand 18,190 59,528
21,651 63,074
CREDITORS
Amounts falling due within one year 6 404,403 1,254,909
NET CURRENT LIABILITIES (382,752 ) (1,191,835 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

848,857

39,774

CREDITORS
Amounts falling due after more than one
year

7

775,460

-
NET ASSETS 73,397 39,774

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 73,297 39,674
SHAREHOLDERS' FUNDS 73,397 39,774

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

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 24 July 2025 and were signed on its behalf by:





Mr S Makris - Director


PAVY INVESTMENTS LIMITED (REGISTERED NUMBER: 10634994)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1. STATUTORY INFORMATION

Pavy Investments 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.

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


2. ACCOUNTING POLICIES

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

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

Investment property
Investment property is carried at fair value. Revaluation surpluses are recognised in the income statement.
Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. No
depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in The Financial Reporting Standard 102 (Section 1A) for small entities. The directors consider that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt The Financial Reporting Standard 102 (Section 1A) for Smaller Entities in order to give a true and fair view. If this departure from the Act had not been made, the profit for the financial year would have been reduced by the amount of depreciation.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

PAVY INVESTMENTS LIMITED (REGISTERED NUMBER: 10634994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2024
and 28 February 2025 1,231,609
NET BOOK VALUE
At 28 February 2025 1,231,609
At 29 February 2024 1,231,609

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 3,461 3,546

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 8,203 3,446
Other creditors 396,200 1,251,463
404,403 1,254,909

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Other creditors 775,460 -

8. RELATED PARTY DISCLOSURES

Included in creditors, amounts falling due after more than one year, is an interest free amount of £407,500 (2024: £415,000) owed to Mr M Gabrielides, a shareholder of the company.

Included in creditors, amounts falling due after more than one year, is an interest free amount of £367,960 (2024: £415,350) owed to Ms E Gabrielides, a shareholder of the company.