Pyrgos Estates Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04232630 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

PYRGOS ESTATES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr A G Ioannou

SECRETARY:

Mrs M Ioannou

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

04232630 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

2

436,984

437,214

CURRENT ASSETS

Debtors

5,375

4,778

Cash at bank and in hand

1,364

1,200

6,739

5,978

CREDITORS

Amounts falling due within one year

15,649

16,657

NET CURRENT LIABILITIES

(8,910

)

(10,679

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

428,074

426,535

CREDITORS

Amounts falling due after more than one
year

3

351,136

364,150

NET ASSETS

76,938

62,385

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

76,838

62,285

SHAREHOLDERS' FUNDS

76,938

62,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 9 December 2016 and were signed by:

Mr A G Ioannou - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Improvements to property

-

not provided

Fixtures and fittings

-

15% on reducing balance

Deferred tax

The charge for taxation takes into account taxation deferred as a result of timing differences between the

treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in

respect of all timing differences that have originated but not reversed at the balance sheet date.

However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely

than not that there will be suitable taxable profits from which the future reversal of the underlying timing

differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are

expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or

substantively enacted at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

448,579

DEPRECIATION

At 1 July 2015

11,365

Charge for year

230

At 30 June 2016

11,595

NET BOOK VALUE

At 30 June 2016

436,984

At 30 June 2015

437,214

3.

CREDITORS

Creditors include an amount of £ 351,136 (30.6.15 - £ 364,150 ) for which security has been given.

They also include the following debts falling due in more than five years:

30.6.16

30.6.15

£

Repayable by instalments

351,136

364,150

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

100

Ordinary

£1

100