Pavilion Investment Properties UK Limite - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC223883 (Scotland)

PAVILION INVESTMENT PROPERTIES UK

LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J Sweeney

Mr E Sweeney

REGISTERED OFFICE:

Trinity House

31 Lynedoch Street

Glasgow

G3 6EF

REGISTERED NUMBER:

SC223883 (Scotland)

ACCOUNTANTS:

Nicolson Accountancy

Trinity House

31 Lynedoch Street

Glasgow

G3 6EF

FIXED ASSETS

Tangible assets

4

440,000

440,000

CURRENT ASSETS

Debtors

5

-

6,610

Cash at bank

13,750

21,426

13,750

28,036

CREDITORS

Amounts falling due within one year

6

946,148

963,846

NET CURRENT LIABILITIES

(932,398

)

(935,810

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(492,398

)

(495,810

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

7

(492,400

)

(495,812

)

SHAREHOLDERS' FUNDS

(492,398

)

(495,810

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 23 September 2020 and were signed on its behalf by:

Mr E Sweeney - Director

1.	STATUTORY INFORMATION

Pavilion Investment Properties UK Limited is a private company, limited by shares , registered in Scotland. 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.

The accounts have been prepared under the going concern concept as the directors believe they will be able to

continue to support the company until it returns to solvency.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

The freehold properties are not depreciated as in the opinion of the directors, the properties are not decreasing in

value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 January 2019

and 31 December 2019

440,000

NET BOOK VALUE

At 31 December 2019

440,000

At 31 December 2018

440,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade debtors

-

6,610

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Bank loans and overdrafts

15

15

Trade creditors

-

3,219

Amounts owed to group undertakings

874,949

886,949

Other creditors

71,184

73,663

946,148

963,846

7.

RESERVES

Retained

earnings

£

At 1 January 2019

(495,812

)

Profit for the year

3,412

At 31 December 2019

(492,400

)

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Pavilion Property Investments Ltd.