REGISTERED NUMBER: 09843512 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

PAVILLION PROPERTIES

(EAST YORKSHIRE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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)

FIXED ASSETS

Tangible assets

5

32,554

32,352

Investment property

6

2,638,906

2,978,906

2,671,460

3,011,258

CURRENT ASSETS

Debtors

7

165,161

125,326

Cash at bank

192,159

14,811

357,320

140,137

CREDITORS

Amounts falling due within one year

8

47,014

264,067

NET CURRENT ASSETS/(LIABILITIES)

310,306

(123,930

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,981,766

2,887,328

CREDITORS

Amounts falling due after more than one year

9

(2,003,032

)

(1,911,948

)

PROVISIONS FOR LIABILITIES

12

(43,803

)

(43,803

)

NET ASSETS

934,931

931,577

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

(33,976

)

(37,330

)

934,931

931,577

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 12 March 2026 and were signed on its behalf by:

L J Plunkett - Director

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.

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 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

67,497

Additions

6,589

At 31 March 2025

74,086

DEPRECIATION

At 1 April 2024

35,145

Charge for year

6,387

At 31 March 2025

41,532

NET BOOK VALUE

At 31 March 2025

32,554

At 31 March 2024

32,352

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

2,978,906

Disposals

(340,000

)

At 31 March 2025

2,638,906

NET BOOK VALUE

At 31 March 2025

2,638,906

At 31 March 2024

2,978,906

Fair value at 31 March 2025 is represented by:

£

Valuation in 2016

142,510

Valuation in 2020

144,973

Cost

2,351,423

2,638,906

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,723

9,912

Other debtors

158,438

115,414

165,161

125,326

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 10)

5,600

128,262

Trade creditors

1,350

854

Taxation and social security

2,883

13,128

Other creditors

37,181

121,823

47,014

264,067

Included in other creditors are amounts due to the directors of £22,242 (2024 - £101,935).

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 10)

2,003,032

1,911,948

10.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

5,600

5,600

Mortgages

-

122,662

5,600

128,262

Amounts falling due between one and two years:

Bank loans - 1-2 years

3,733

5,600

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

3,733

Mortgages

1,999,299

1,902,615

1,999,299

1,906,348

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

2,008,632

2,040,210

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

12.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

43,803

43,803

Deferred

tax

£

Balance at 1 April 2024

43,803

Balance at 31 March 2025

43,803

13.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

243,680