Abbreviated Company Accounts - PYRAMID PROPERTIES (GB) LIMITED

Abbreviated Company Accounts - PYRAMID PROPERTIES (GB) LIMITED

PYRAMID PROPERTIES (GB) LIMITED - Company Information

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Registered Number 04395916

PYRAMID PROPERTIES (GB) LIMITED

Abbreviated Accounts

30 June 2015

PYRAMID PROPERTIES (GB) LIMITED Registered Number 04395916

Abbreviated Balance Sheet as at 30 June 2015

Notes 2015 2014
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets 2 718 3,223
Investments - -
718 3,223
Current assets
Stocks 1,836,265 1,836,265
Debtors 38,523 38,154
Investments - -
Cash at bank and in hand 37,569 3,433
1,912,357 1,877,852
Prepayments and accrued income - -
Creditors: amounts falling due within one year 3 (891,705) (895,271)
Net current assets (liabilities) 1,020,652 982,581
Total assets less current liabilities 1,021,370 985,804
Creditors: amounts falling due after more than one year 3 (1,935,676) (1,935,686)
Provisions for liabilities 0 0
Accruals and deferred income 0 0
Total net assets (liabilities) (914,306) (949,882)
Capital and reserves
Called up share capital 100 100
Share premium account 0 0
Revaluation reserve 0 0
Other reserves 0 0
Profit and loss account (914,406) (949,982)
Shareholders' funds (914,306) (949,882)
  • For the year ending 30 June 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 2 October 2015

And signed on their behalf by:
Imran Ulhaq, Director

PYRAMID PROPERTIES (GB) LIMITED Registered Number 04395916

Notes to the Abbreviated Accounts for the period ended 30 June 2015

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.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 25% reducing balance basis
Motor vehicles - 25% reducing balance basis

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value.
Going concern

The company has continued support from the shareholders, based on that the financial statements have been prepared on going concern basis.

2Tangible fixed assets
£
Cost
At 1 July 2014 46,360
Additions 0
Disposals (30,160)
Revaluations -
Transfers -
At 30 June 2015 16,200
Depreciation
At 1 July 2014 43,137
Charge for the year 240
On disposals (27,895)
At 30 June 2015 15,482
Net book values
At 30 June 2015 718
At 30 June 2014 3,223
3Creditors
2015
£		 2014
£
Secured Debts 1,935,676 1,935,686
Non-instalment debts due after 5 years 1,935,676 1,935,686