Abbreviated Company Accounts - PITTAS PROPERTIES LIMITED

PITTAS PROPERTIES LIMITED - Company Information

01392449 PITTAS PROPERTIES LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 01392449 2014-01-01 2014-12-31 01392449 2014-12-31 01392449 2013-12-31 01392449 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 01392449 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 01392449

PITTAS PROPERTIES LIMITED

Abbreviated Accounts

31 December 2014

PITTAS PROPERTIES LIMITED Registered Number 01392449

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,136,684	1,136,684
Investments	3	956	956
		1,137,640	1,137,640
Current assets
Debtors		500	500
Cash at bank and in hand		7,178	1,865
		7,678	2,365
Creditors: amounts falling due within one year		(41,705)	(43,090)
Net current assets (liabilities)		(34,027)	(40,725)
Total assets less current liabilities		1,103,613	1,096,915
Creditors: amounts falling due after more than one year		(334,697)	(337,422)
Total net assets (liabilities)		768,916	759,493
Capital and reserves
Called up share capital	4	100	100
Revaluation reserve		415,096	415,096
Profit and loss account		353,720	344,297
Shareholders' funds		768,916	759,493

For the year ending 31 December 2014 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 22 September 2015

And signed on their behalf by:
Mrs H Mouskas, Director

PITTAS PROPERTIES LIMITED Registered Number 01392449

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales during the year.

Tangible assets depreciation policy
No Depreciation is provided as in the opinion of the Directors and independent valuers, the market value of the company's Long Leasehold exceeds cost.

2Tangible fixed assets

	£
Cost
At 1 January 2014	1,147,931
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	1,147,931
Depreciation
At 1 January 2014	11,247
Charge for the year	-
On disposals	-
At 31 December 2014	11,247
Net book values
At 31 December 2014	1,136,684
At 31 December 2013	1,136,684

3Fixed assets Investments
Fixed Asset Investments are stated at cost less provision for permanent diminution in value.

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100