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Registration number: 02933830

Pavilion Investments Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

Pavilion Investments Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 5

Pavilion Investments Limited

(Registration number: 02933830)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | (As restated) 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1,289,725 | 1,256,507
Current assets |  |  |
Debtors | 5 | 194,988 | 199,988
Cash at bank and in hand |  | 46,029 | 23,018
|  | 241,017 | 223,006
Creditors: Amounts falling due within one year | 6 | (30,399) | (24,482)
Net current assets |  | 210,618 | 198,524
Total assets less current liabilities |  | 1,500,343 | 1,455,031
Provisions for liabilities |  | (102,331) | (93,581)
Net assets |  | 1,398,012 | 1,361,450
Capital and reserves |  |  |
Called up share capital |  | 400,100 | 400,100
Revaluation reserve |  | 475,521 | 430,304
Retained earnings |  | 522,391 | 531,046
Shareholders' funds |  | 1,398,012 | 1,361,450

For the financial year ending 30 April 2025 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 21 January 2025 and signed on its behalf by:

......................................... Mr J P Levy Director

Pavilion Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1 Trinity
161 Old Christchurch Road
Bournemouth
Dorset
BH1 1JU
England

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.

The financial statements are prepared in sterling, which is the functional currency of the entity, and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the letting of property. Turnover from the rendering of accommodation is recognised by reference to the stage of completion of the contract.

Tax

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Pavilion Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

2 | Accounting policies (continued)

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:

Asset class | Depreciation method and rate
Fixtures, fittings, tools and equipment | over 5 years

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

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions

Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

Pavilion Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4 | Tangible assets

| Land and buildings £ | Furniture fittings and equipment £ | Total £
Cost or valuation
At 1 May 2024 | 1,249,384 | 57,061 | 1,306,445
Revaluations | 35,000 | - | 35,000
At 30 April 2025 | 1,284,384 | 57,061 | 1,341,445
Depreciation
At 1 May 2024 | - | 49,938 | 49,938
Charge for the year | - | 1,782 | 1,782
At 30 April 2025 | - | 51,720 | 51,720
Carrying amount
At 30 April 2025 | 1,284,384 | 5,341 | 1,289,725
At 30 April 2024 | 1,249,384 | 7,123 | 1,256,507

Included within the net book value of land and buildings above is £1,221,884 (2024 - £1,186,884) in respect of freehold land and buildings and £62,500 (2024 - £89,000) in respect of long leasehold land and buildings.

Revaluation

The fair value of the company's land and buildings was assessed at 30 April 2025 by the director's on the basis of their view of the expected yield for each type of property.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £711,802 (2024 - £711,802).

5 | Debtors

| 2025 £ | 2024 £
Trade debtors | 2,488 | 2,488
Other debtors | 192,500 | 197,500
| 194,988 | 199,988

Pavilion Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 13,282 | 10,882
Taxation and social security | 17,117 | 9,448
Other creditors | - | 4,152
| 30,399 | 24,482

7 | Prior year adjustment

During the year, the directors identified that the revaluation gain on the company’s investment property of £33,623 was incorrectly presented in the financial statements for the year ended 30 April 2024. The comparative figures have been restated accordingly. Net assets remain unchanged.