PIROS PLAST CONSULTING LIMITED - Period Ending 2022-12-31

PIROS PLAST CONSULTING LIMITED

Contents

Company Information	1
Directors' Report	2
Profit and Loss Account	3
Statement of Comprehensive Income	4
Balance Sheet	5
Statement of Changes in Equity	6
Notes to the Unaudited Financial Statements	7 to 10

PIROS PLAST CONSULTING LIMITED

Company Information

Directors

Woodford Directors Limited Ms Andreea Ecaterina Mocanu

Registered office

3 The Shrubberies George Lane London E18 1BD

Accountants

ACCOUNTING 2 TREND LTD 3 The Shrubberies George Lane London E18 1BD

PIROS PLAST CONSULTING LIMITED

Directors' Report for the Year Ended 31 December 2022

The directors present their report and the financial statements for the year ended 31 December 2022.

Directors of the company

The directors who held office during the year were as follows:

Woodford Directors Limited

Ms Andreea Ecaterina Mocanu

Principal activity

The principal activity of the company is that of an investment holder.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 27 December 2023 and signed on its behalf by:
 

......................................... Ms Andreea Ecaterina Mocanu Director

PIROS PLAST CONSULTING LIMITED

Profit and Loss Account for the Year Ended 31 December 2022

	Note	2022 CHF	2021 CHF
Turnover		-	-
Gross profit/(loss)		-	-
Administrative expenses		(10,114)	(22,718)
Other operating income		13,019	-
Operating profit/(loss)		2,905	(22,718)
Interest payable and similar expenses		(6,384)	(32,272)
Loss before tax		(3,479)	(54,990)
Tax on loss		-	(500)
Loss for the financial year		(3,479)	(55,490)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

PIROS PLAST CONSULTING LIMITED

Statement of Comprehensive Income for the Year Ended 31 December 2022

	2022 CHF	2021 CHF
Loss for the year	(3,479)	(55,490)
Total comprehensive income for the year	(3,479)	(55,490)

PIROS PLAST CONSULTING LIMITED

(Registration number: 10996025)
Balance Sheet as at 31 December 2022

	Note	2022 CHF	2021 CHF
Fixed assets
Other financial assets	4	626,358	194,949
Current assets
Debtors	5	-	153
Cash at bank and in hand		11,489	460,219
		11,489	460,372
Creditors: Amounts falling due within one year	6	(4,583)	(18,578)
Net current assets		6,906	441,794
Net assets		633,264	636,743
Capital and reserves
Called up share capital	7	1	1
Retained earnings		633,263	636,742
Shareholders' funds		633,264	636,743

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 27 December 2023 and signed on its behalf by:
 

......................................... Ms Andreea Ecaterina Mocanu Director

PIROS PLAST CONSULTING LIMITED

Statement of Changes in Equity for the Year Ended 31 December 2022

	Share capital CHF	Retained earnings CHF	Total CHF
At 1 January 2022	1	636,742	636,743
Loss for the year	-	(3,479)	(3,479)
At 31 December 2022	1	633,263	633,264

	Share capital CHF	Retained earnings CHF	Total CHF
At 1 January 2021	1	692,232	692,233
Loss for the year	-	(55,490)	(55,490)
At 31 December 2021	1	636,742	636,743

PIROS PLAST CONSULTING LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
3 The Shrubberies
George Lane
London
E18 1BD
United Kingdom

These financial statements were authorised for issue by the Board on 27 December 2023.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

PIROS PLAST CONSULTING LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2021 - 1).

PIROS PLAST CONSULTING LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

4	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss CHF	Total CHF
Non-current financial assets
Cost or valuation
At 1 January 2022	194,949	194,949
Additions	431,409	431,409
At 31 December 2022	626,358	626,358
Impairment
Carrying amount
At 31 December 2022	626,358	626,358

5

Debtors

Current	2022 CHF	2021 CHF
Other debtors	-	153

6

Creditors

Creditors: amounts falling due within one year

	2022 CHF	2021 CHF
Due within one year
Taxation and social security	-	13,172
Accruals and deferred income	2,419	2,534
Other creditors	2,164	2,872
	4,583	18,578

7	Share capital

Allotted, called up and fully paid shares

	2022		2021
	No.	CHF	No.	CHF
Ordinary shares of £1 each	1	1	1	1

PIROS PLAST CONSULTING LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

8	Related party transactions

Loans from related parties

2022	Other related parties CHF	Total CHF
At start of period	954	954
At end of period	954	954

2021	Other related parties CHF	Total CHF
At start of period	954	954
At end of period	954	954

Terms of loans from related parties

Shareholder loan, no interest bearing