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Company Registration No. 12541486 (England and Wales)
Pavilion Road Properties Ltd Unaudited accounts for the year ended 31 March 2025
Pavilion Road Properties Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Pavilion Road Properties Ltd Company Information for the year ended 31 March 2025
Director
Sydney Zuellig
Company Number
12541486 (England and Wales)
Registered Office
43 Corringway London W5 3AB England
Accountants
Auxilium Tax Limited 43 Corringway London W5 3AB
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Pavilion Road Properties Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
93,199
-
Investment property
5
5,163,540
4,500,000
5,256,739
4,500,000
Current assets
Debtors
6
125,000
240,129
Creditors: amounts falling due within one year
7
(5,520,376)
(4,876,186)
Net current liabilities
(5,395,376)
(4,636,057)
Net liabilities
(138,637)
(136,057)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(138,737)
(136,157)
Shareholders' funds
(138,637)
(136,057)
For the year ending 31 March 2025 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 December 2025 and were signed on its behalf by
Sydney Zuellig Director Company Registration No. 12541486
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Pavilion Road Properties Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Pavilion Road Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 12541486. The registered office is 43 Corringway, London, W5 3AB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Revenue
Revenue is recognised to the extent that its is probable that the economic benefit will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised Rendering of services: Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: - the amount of revenue can be measured reliably; - it is probable that the Company will receive the consideration due under the contract; - the stage of completion of the contract at the end of the reporting period can be measured reliably; and - the costs incurred and the costs to complete the contract can be measured reliably. Rentals receivable under operating leases are credited to the profit and loss account on a straight line basis over the lease term.
Investment property
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Pavilion Road Properties Ltd Notes to the Accounts for the year ended 31 March 2025
Current and deferred taxation
The tax expenses for the year comprises current and deferred tax. Tax is recognised in profit and loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet due in the countries where the Company operates and generates income. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
These financial statements replace the original financial statements, are now the statutory financial statements and are prepared as they were at the date of the original financial statements.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 April 2024
-
Additions
94,779
At 31 March 2025
94,779
Depreciation
Charge for the year
1,580
At 31 March 2025
1,580
Net book value
At 31 March 2025
93,199
5
Investment property
2025
£
Fair value at 1 April 2024
4,500,000
Additions
663,540
At 31 March 2025
5,163,540
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Pavilion Road Properties Ltd Notes to the Accounts for the year ended 31 March 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Deferred tax asset
125,000
125,000
Accrued income and prepayments
-
115,129
125,000
240,129
7
Creditors: amounts falling due within one year
2025
2024
£
£
Loans from directors
5,514,676
4,869,986
Accruals
5,700
6,200
5,520,376
4,876,186
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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