Company Registration No. 02888265 (England and Wales)
Pittas Limited
Unaudited accounts
for the year ended 29 February 2024
Pittas Limited
Unaudited accounts
Contents
Pittas Limited
Company Information
for the year ended 29 February 2024
Directors
M K Pittas
P A Pittas
A K Pittas
A L Pittas
Company Number
02888265 (England and Wales)
Registered Office
125 Brooker Road
Waltham Abbey
Essex
EN9 1JU
United Kingdom
Pittas Limited
Statement of financial position
as at 29 February 2024
Investment property
835,000
-
Cash at bank and in hand
27,645
4,920
Creditors: amounts falling due within one year
(155,292)
(5,000)
Net current liabilities
(127,522)
(80)
Net assets/(liabilities)
707,478
(80)
Called up share capital
100
100
Profit and loss account
707,378
(180)
Shareholders' funds
707,478
(80)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by
M K Pittas
Director
Company Registration No. 02888265
Pittas Limited
Notes to the Accounts
for the year ended 29 February 2024
Pittas Limited is a private company, limited by shares, registered in England and Wales, registration number 02888265. The registered office is 125 Brooker Road, , Waltham Abbey, Essex, EN9 1JU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
There is no turnover as the company did not trade during the year. Other operating income consists of rent receivable.
The investment property was originally acquired by the company many years ago at a cost of £150,000 funded by M K Pittas and P A Pittas, directors of the company. Rental income was collected, under licence, by the above-named until 28th February 2023.
A revaluation of the property was conducted by Castles Surveyors Limited on 18th June 2024. It is considered prudent by the directors to reflect this revaluation in the accounts for the year ended 29th February 2024.
Net gain from fair value adjustments
685,000
At 29 February 2024
835,000
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
5,292
-
Loans from directors
150,000
5,000
Pittas Limited
Notes to the Accounts
for the year ended 29 February 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).