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PAVILLION INVESTMENTS LLP |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2022 |
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PAVILLION INVESTMENTS LLP |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2022 |
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PAVILLION INVESTMENTS LLP (REGISTERED NUMBER: OC381019) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 December 2022 |
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Page |
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General Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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PAVILLION INVESTMENTS LLP |
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GENERAL INFORMATION |
for the Year Ended 31 December 2022 |
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DESIGNATED MEMBERS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants & |
Chartered Tax Advisers |
22 Union Street |
Newton Abbot |
Devon |
TQ12 2JS |
PAVILLION INVESTMENTS LLP (REGISTERED NUMBER: OC381019) |
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BALANCE SHEET |
31 December 2022 |
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2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET ASSETS ATTRIBUTABLE TO
MEMBERS |
1,074,852 |
1,033,852 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
9 |
1,074,852 |
1,033,852 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 9 | 1,074,852 | 1,033,852 |
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The members acknowledge their responsibilities for: |
(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP. |
PAVILLION INVESTMENTS LLP (REGISTERED NUMBER: OC381019) |
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BALANCE SHEET - continued |
31 December 2022 |
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In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Profit and loss account has not been delivered. |
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The financial statements were approved by the members of the LLP and authorised for issue on
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PAVILLION INVESTMENTS LLP (REGISTERED NUMBER: OC381019) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 December 2022 |
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1. | STATUTORY INFORMATION |
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Pavillion Investments LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents rents receivable from owned property. |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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3. | EMPLOYEE INFORMATION |
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The average number of employees during the year was NIL (2021 - NIL). |
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4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 January 2022 |
and 31 December 2022 |
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NET BOOK VALUE |
At 31 December 2022 |
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At 31 December 2021 |
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Fair value at 31 December 2022 is represented by: |
£ |
Valuation in 2021 | 272,509 |
Cost | 1,527,491 |
1,800,000 |
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If the investment properties had not been revalued they would have been included at the following historical cost: |
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2022 | 2021 |
£ | £ |
Cost | 1,527,491 | 1,527,491 |
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The investment properties were valued on an open market basis on 31 December 2021 by the members . |
PAVILLION INVESTMENTS LLP (REGISTERED NUMBER: OC381019) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 December 2022 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Other debtors |
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Accrued income |
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Prepayments |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Accruals and deferred income |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2022 | 2021 |
£ | £ |
Bank loans - 2-5 years |
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Bank loans more 5 yr by instal |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | 268,069 | 420,920 |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2022 | 2021 |
£ | £ |
Bank loans |
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9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
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Loans and other debts due to members rank equally in relation to other unsecured creditors, in the event of the winding up of the LLP. |