The Pavilion Trading Company Ltd - Period Ending 2015-03-31

Registration number: 08940601

The Pavilion Trading Company Ltd

Unaudited Abbreviated Accounts

for the Period from 14 March 2014 to 31 March 2015

 

Russells (Accountants) Limited
Certified Accountants
33-39 High Street
Kempston
Bedford
Bedfordshire
MK42 7BT

The Pavilion Trading Company Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The Pavilion Trading Company Ltd
for the Period Ended 31 March 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Pavilion Trading Company Ltd for the period ended 31 March 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of The Pavilion Trading Company Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The Pavilion Trading Company Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Pavilion Trading Company Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Pavilion Trading Company Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of The Pavilion Trading Company Ltd . You consider that The Pavilion Trading Company Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of The Pavilion Trading Company Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Russells (Accountants) Limited
Certified Accountants
33-39 High Street
Kempston
Bedford
Bedfordshire
MK42 7BT

Date:.............................

Page 1

The Pavilion Trading Company Ltd
(Registration number: 08940601)
Abbreviated Balance Sheet at 31 March 2015

		Note			31 March 2015 £
Fixed assets
Tangible fixed assets					23,971
Current assets
Stocks					1,300
Debtors					6,228
Cash at bank and in hand					11,590
					19,118
Creditors: Amounts falling due within one year					(47,634)
Net current liabilities					(28,516)
Net liabilities					(4,545)
Capital and reserves
Called up share capital		3			100
Profit and loss account					(4,645)
Shareholders' deficit					(4,545)

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 12 December 2015 and signed on its behalf by:

.........................................
Ms Nansi Rose
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

The Pavilion Trading Company Ltd
(Registration number: 08940601)
Abbreviated Balance Sheet at 31 March 2015
......... continued

.........................................
Mr David Gallagher
Director

.........................................
Mrs Emma Garrett
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

The Pavilion Trading Company Ltd
Notes to the Abbreviated Accounts for the Period from 14 March 2014 to 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Going concern

The financial statements have been prepared on a going concern basis. The continued operations of the Company are dependant upon the support of the Directors. This support has been confirmed for the forseeable future.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Leasehold Improvements	Straight line over lease term.
Fixtures and Fittings	25% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 4

The Pavilion Trading Company Ltd
Notes to the Abbreviated Accounts for the Period from 14 March 2014 to 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		29,419			29,419
At 31 March 2015		29,419			29,419
Depreciation
Charge for the period		5,448			5,448
At 31 March 2015		5,448			5,448
Net book value
At 31 March 2015		23,971			23,971

3	Share capital

Allotted, called up and fully paid shares

	31 March 2015
		No.			£
Ordinary of £1 each		100			100

New shares allotted

During the period 100 Ordinary having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100. Subscriber.

Page 5