Abbreviated Company Accounts - PYRAMID PROPERTIES (GB) LIMITED

PYRAMID PROPERTIES (GB) LIMITED - Company Information

04395916 PYRAMID PROPERTIES (GB) LIMITED 2016-06-30 false 2015-07-01 2016-06-30 true 04395916 2015-07-01 2016-06-30 04395916 2016-06-30 04395916 2015-06-30 04395916 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 04395916 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number 04395916

PYRAMID PROPERTIES (GB) LIMITED

Abbreviated Accounts

30 June 2016

PYRAMID PROPERTIES (GB) LIMITED Registered Number 04395916

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	539	718
Investments	3	2,574,000	-
		2,574,539	718
Current assets
Stocks		-	1,836,265
Debtors		118,419	38,523
Investments		-	-
Cash at bank and in hand		49,333	37,569
		167,752	1,912,357
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(792,175)	(891,705)
Net current assets (liabilities)		(624,423)	1,020,652
Total assets less current liabilities		1,950,116	1,021,370
Creditors: amounts falling due after more than one year		(2,125,000)	(1,935,676)
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		(174,884)	(914,306)
Capital and reserves
Called up share capital	4	100	100
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		(174,984)	(914,406)
Shareholders' funds		(174,884)	(914,306)

For the year ending 30 June 2016 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 31 March 2017

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 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial
Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year
and derives from the provision of goods falling within the company's ordinary activities.

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
Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value

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 2015	16,200
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	16,200
Depreciation
At 1 July 2015	15,482
Charge for the year	179
On disposals	-
At 30 June 2016	15,661
Net book values
At 30 June 2016	539
At 30 June 2015	718

3Fixed assets Investments
During the year the properties were transferred from work in progress at market value of £2.574m.

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

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100