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REGISTERED NUMBER: 09578472 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 May 2025 |

| for |

| Pavilion Property Holdings Ltd |

Pavilion Property Holdings Ltd (Registered number: 09578472)

Contents of the Financial Statements

for the Year Ended 31 May 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Chartered Accountants' Report | 8 |

Pavilion Property Holdings Ltd

Company Information

for the Year Ended 31 May 2025

| DIRECTOR: | Mr M Gaffarian Asl

| SECRETARY: | Mrs P Rad

| REGISTERED OFFICE: | 2nd Floor, Grove House

| 774-780 Wilmslow Road

| Didsbury

| Manchester

| Greater Manchester

| M20 2DR

| REGISTERED NUMBER: | 09578472 (England and Wales)

| ACCOUNTANTS: | Sterling Partners Limited

| Chartered Accountants

| Chartered Tax Advisors

| 2nd Floor, Grove House

| 774-780 Wilmslow Road

| Didsbury

| Manchester

| Greater Manchester

| M20 2DR

Pavilion Property Holdings Ltd (Registered number: 09578472)

Balance Sheet

31 May 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 4,142 |  | 5,697 |  |

CURRENT ASSETS

Stocks | 5 | 615,556 |  | 558,911 |  |

Debtors | 6 | 98,581 |  | 135,982 |  |

Investments | 7 | 50 |  | 50 |  |

Cash at bank | 115,925 |  | 117,268 |  |

830,112 |  | 812,211 |  |

CREDITORS

Amounts falling due within one year | 8 | (438,011 | ) | (446,895 | ) |

NET CURRENT ASSETS | 392,101 |  | 365,316 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 396,243 |  | 371,013 |  |

CREDITORS

Amounts falling due after more than one year | 9 | - |  | (10,002 | ) |

PROVISIONS FOR LIABILITIES | 10 | (1,035 | ) | (1,424 | ) |

NET ASSETS | 395,208 |  | 359,587 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 395,108 |  | 359,487 |  |

SHAREHOLDERS' FUNDS | 395,208 |  | 359,587 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Pavilion Property Holdings Ltd (Registered number: 09578472)

Balance Sheet - continued

31 May 2025

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 director and authorised for issue on 24 February 2026 and were signed by:

Mr M Gaffarian Asl - Director

Pavilion Property Holdings Ltd (Registered number: 09578472)

Notes to the Financial Statements

for the Year Ended 31 May 2025

1. | STATUTORY INFORMATION

| Pavilion Property Holdings Ltd 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. | 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 represents net invoiced sales of services, excluding value added tax.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings | - | 15% on reducing balance

| Computer equipment | - | 25% on cost

| Stocks

| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

Pavilion Property Holdings Ltd (Registered number: 09578472)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 June 2024

| and 31 May 2025 | 7,961 |  | 6,906 |  | 14,867 |  |

| DEPRECIATION

| At 1 June 2024 | 3,780 |  | 5,390 |  | 9,170 |  |

| Charge for year | 627 |  | 928 |  | 1,555 |  |

| At 31 May 2025 | 4,407 |  | 6,318 |  | 10,725 |  |

| NET BOOK VALUE

| At 31 May 2025 | 3,554 |  | 588 |  | 4,142 |  |

| At 31 May 2024 | 4,181 |  | 1,516 |  | 5,697 |  |

5. | STOCKS

2025 | 2024 |

£ | £ |

| Work-in-progress | 614,986 |  | 557,356 |  |

| Payments on account | 570 |  | 1,555 |  |

615,556 |  | 558,911 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 66,738 |  | 114,473 |  |

| VAT | 19,182 |  | 8,308 |  |

| Prepayments | 12,661 |  | 13,201 |  |

98,581 |  | 135,982 |  |

7. | CURRENT ASSET INVESTMENTS

2025 | 2024 |

£ | £ |

| Shares in group undertakings | 50 |  | 50 |  |

Pavilion Property Holdings Ltd (Registered number: 09578472)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 10,002 |  | 10,002 |  |

| Trade creditors | 296,602 |  | 225,907 |  |

| Tax | 22,911 |  | 24,151 |  |

| Social security and other taxes | 113 |  | 4,645 |  |

| Net wages | 1,959 |  | 2,013 |  |

| Pension fund | - |  | 217 |  |

| Other creditors | 27,651 |  | 22,113 |  |

| Directors' current accounts | 75,423 |  | 150,727 |  |

| Accrued expenses | 3,350 |  | 7,120 |  |

438,011 |  | 446,895 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans > 1 year | - |  | 10,002 |  |

10. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 1,035 |  | 1,424 |  |

| Deferred |

| tax |

£ |

| Balance at 1 June 2024 | 1,424 |  |

| Accelerated capital allowances | (389 | ) |

| Balance at 31 May 2025 | 1,035 |  |

11. | OTHER FINANCIAL COMMITMENTS

| There was an outstanding financial commitment as at 31/05/2025 in relation to an operating lease of £2,984 (2024: £790).

12. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

2025 | 2024 |

£ | £ |

| Mr M Gaffarian Asl

| Balance outstanding at start of year | 150,727 |  | 203,493 |  |

| Amounts advanced | 107,288 |  | 87,927 |  |

| Amounts repaid | (182,592 | ) | (140,693 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 75,423 |  | 150,727 |  |

Pavilion Property Holdings Ltd (Registered number: 09578472)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

13. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is the director Mr Gaffarian Asl by virtue of his shareholding.

Chartered Accountants' Report to the Director

on the Unaudited Financial Statements of

Pavilion Property Holdings Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pavilion Property Holdings Ltd for the year ended 31 May 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Pavilion Property Holdings Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pavilion Property Holdings Ltd and state those matters that we have agreed to state to the director of Pavilion Property Holdings Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pavilion Property Holdings Ltd and its director for our work or for this report.

It is your duty to ensure that Pavilion Property Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pavilion Property Holdings Ltd. You consider that Pavilion Property Holdings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pavilion Property Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sterling Partners Limited

Chartered Accountants

Chartered Tax Advisors

2nd Floor, Grove House

774-780 Wilmslow Road

Didsbury

Manchester

Greater Manchester

M20 2DR

Date: .............................................