Pavillion Property Limited
|
Registered number: |
06006129
|
Abbreviated Balance Sheet |
as at 30 November 2014
|
|
Notes |
|
|
2014 |
|
|
2013 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
194,798 |
|
|
243,498 |
Investments |
3 |
|
|
400,000 |
|
|
1,360,303 |
|
|
|
|
594,798 |
|
|
1,603,801 |
|
Current assets |
Debtors |
|
|
- |
|
|
4,476 |
Cash at bank and in hand |
|
|
7,669 |
|
|
46 |
|
|
|
7,669 |
|
|
4,522 |
|
Creditors: amounts falling due within one year |
|
|
(189,951) |
|
|
(986,452) |
|
Net current liabilities |
|
|
|
(182,282) |
|
|
(981,930) |
|
Total assets less current liabilities |
|
|
|
412,516 |
|
|
621,871 |
|
Creditors: amounts falling due after more than one year |
|
|
|
(748,700) |
|
|
(941,844) |
|
Provisions for liabilities |
|
|
|
(38,960) |
|
|
- |
|
|
Net liabilities |
|
|
|
(375,144) |
|
|
(319,973) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
2 |
|
|
2 |
Revaluation reserve |
|
|
|
(227,410) |
|
|
(207,915) |
Profit and loss account |
|
|
|
(147,736) |
|
|
(112,060) |
|
Shareholders' funds |
|
|
|
(375,144) |
|
|
(319,973) |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
Mr A Parish |
Director |
Approved by the board on 30 September 2015
|
|
Pavillion Property Limited
|
Notes to the Abbreviated Accounts |
for the year ended 30 November 2014
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% reducing balance
|
|
|
Investment properties |
|
Investment properties consist of five properties and are shown at their open market value. Four of the properties have been revalued to reflect the proceeds on disposal as at 17 March 2014 whilst the remaining property was valued by Andrew J Hyde BSc MRICS, an independent registered valuer, on 28 May 2014. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 December 2013 |
304,372 |
|
At 30 November 2014 |
304,372 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2013 |
60,874 |
|
Charge for the year |
48,700 |
|
At 30 November 2014 |
109,574 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2014 |
194,798 |
|
At 30 November 2013 |
243,498 |
|
|
|
|
|
|
|
|
3 |
Investments |
£ |
|
|
Cost |
|
At 1 December 2013 |
1,360,303 |
|
Disposals |
(960,303) |
|
|
At 30 November 2014 |
400,000 |
|
|
|
|
|
|
|
4 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|