Pavirex Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 09442358

		2025		2024
	Notes	€	€	€	€
FIXED ASSETS
Tangible Assets	4		653,502		653,502

			653,502		653,502
CURRENT ASSETS
Debtors	5	6,601		6,082
Cash at bank and in hand		170		20,835

		6,771		26,917
Creditors: Amounts Falling Due Within One Year	6	(12,582 )		(9,835 )

NET CURRENT ASSETS (LIABILITIES)			(5,811 )		17,082

TOTAL ASSETS LESS CURRENT LIABILITIES			647,691		670,584

Creditors: Amounts Falling Due After More Than One Year	7		17,255		(4,219 )

NET ASSETS			664,946		666,365

CAPITAL AND RESERVES
Called up share capital	8		851,360		851,360
Profit and Loss Account			(186,414 )		(184,995 )

SHAREHOLDERS' FUNDS			664,946		666,365

Page 1

Page 2

Pavirex Ltd

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Cristiano Cretti

Director

21/09/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Pavirex ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09442358. The registered office is Northern & Shell Building 10, Lower Thames Street, London, England, EC3R 6AF

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

During the financial year ended 31 December 2024, the Company did not record any disposals of tangible fixed assets.

The tangible fixed assets primarily comprise land and buildings located in Lovere and Castro, with a total carrying amount of EUR 741,443. These properties include residential units, commercial spaces, and land parcels, such as woodland and agricultural areas.

Tangible fixed assets are carried at cost less accumulated depreciation and impairment losses, if any.

Depreciation is calculated to systematically allocate the cost of depreciable assets, net of their estimated residual values, over their expected useful lives according to the following criteria:

Land and other non-depreciable assets: not depreciated

No revaluations or impairment adjustments were recognized during the year.

Freehold

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows:0 NIL (2024: NIL)

4. Tangible Assets

	Land & Property
	Freehold
	€
Cost or Valuation
As at 1 January 2025	741,444

As at 31 December 2025	741,444

Depreciation
As at 1 January 2025	87,942

As at 31 December 2025	87,942

...CONTINUED

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Pavirex Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025	653,502

As at 1 January 2025	653,502

5. Debtors

	2025	2024
	€	€
Due within one year
Other debtors	6,601	6,082

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	€	€
Other taxes and social security	9,345	7,202
Other creditors (1)	3,237	2,633

	12,582	9,835

Other Creditors (01) the amount relates to outstanding suplier.

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	€	€
Other creditors	(17,255 )	4,219

Represents the Loan from the shareholders of the company.

8. Share Capital

	2025	2024
	€	€
Allotted, Called up and fully paid	851,360	851,360

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