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Company Registration No. 02888265 (England and Wales)
Pittas Limited Unaudited accounts for the year ended 29 February 2024
Pittas Limited Unaudited accounts Contents
Page
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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
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Pittas Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
835,000 
- 
Current assets
Debtors
125 
- 
Cash at bank and in hand
27,645 
4,920 
27,770 
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)
Capital and reserves
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
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Pittas Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
There is no turnover as the company did not trade during the year. Other operating income consists of rent receivable.
Investment property
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.
4
Investment property
2024 
£ 
Additions
150,000 
Net gain from fair value adjustments
685,000 
At 29 February 2024
835,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
125 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
5,292 
- 
Loans from directors
150,000 
5,000 
155,292 
5,000 
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Pittas Limited Notes to the Accounts for the year ended 29 February 2024
7
Share capital
2024 
2023 
£ 
£ 
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).
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