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REGISTERED NUMBER: 08495694 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

PYE INVESTMENTS LIMITED

PYE INVESTMENTS LIMITED (REGISTERED NUMBER: 08495694)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PYE INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: Mr P Tsoukkas





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 08495694 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

PYE INVESTMENTS LIMITED (REGISTERED NUMBER: 08495694)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 511,000 511,000

CURRENT ASSETS
Debtors 5 494 494
Cash at bank and in hand 28,852 2,056
29,346 2,550
CREDITORS
Amounts falling due within one year 6 249,403 238,343
NET CURRENT LIABILITIES (220,057 ) (235,793 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

290,943

275,207

CREDITORS
Amounts falling due after more than one year 7 (33,012 ) (38,021 )

PROVISIONS FOR LIABILITIES 9 (37,137 ) (37,137 )
NET ASSETS 220,794 200,049

CAPITAL AND RESERVES
Called up share capital 10 1 1
Special reserve 189,639 189,639
Retained earnings 31,154 10,409
SHAREHOLDERS' FUNDS 220,794 200,049

PYE INVESTMENTS LIMITED (REGISTERED NUMBER: 08495694)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 November 2023 and were signed by:





Mr P Tsoukkas - Director


PYE INVESTMENTS LIMITED (REGISTERED NUMBER: 08495694)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

PYE Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.
Long leasehold - NIL

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Long
leasehold
£   
Cost or valuation
At 1 May 2022
and 30 April 2023 511,000
Net book value
At 30 April 2023 511,000
At 30 April 2022 511,000

PYE INVESTMENTS LIMITED (REGISTERED NUMBER: 08495694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 April 2023 is represented by:

Long
leasehold
£   
Valuation in 2018 176,775
Valuation in 2021 50,000
Cost 284,225
511,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 494 494

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 6,250 6,250
Amounts owed to group undertakings 1,243 -
Taxation and social security 281 258
Other creditors 241,629 231,835
249,403 238,343

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 33,012 38,021

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 6,250 6,250

Amounts falling due between one and two years:
Bank loans - 1-2 years 6,250 6,250

PYE INVESTMENTS LIMITED (REGISTERED NUMBER: 08495694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


8. LOANS - continued
2023 2022
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 26,762 31,771

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 37,137 37,137

Deferred
tax
£   
Balance at 1 May 2022 37,137
Balance at 30 April 2023 37,137

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1