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REGISTERED NUMBER: SC750931 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

21 NOVEMBER 2022 TO 30 NOVEMBER 2023

FOR

BIPYRAMID LTD

BIPYRAMID LTD (REGISTERED NUMBER: SC750931)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 21 November 2022 to 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BIPYRAMID LTD

COMPANY INFORMATION
for the period 21 November 2022 to 30 November 2023







DIRECTORS: A Kiayias
L Georgiou





REGISTERED OFFICE: Q Court
3 Quality Street
Edinburgh
EH4 5BP





REGISTERED NUMBER: SC750931 (Scotland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Q Court
3 Quality Street
Edinburgh
EH4 5BP

BIPYRAMID LTD (REGISTERED NUMBER: SC750931)

BALANCE SHEET
30 November 2023

Notes £    £   
FIXED ASSETS
Investments 4 993,633

CURRENT ASSETS
Debtors 5 87
Cash at bank and in hand 358,512
358,599
CREDITORS
Amounts falling due within one year 6 1,390,530
NET CURRENT LIABILITIES (1,031,931 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(38,298

)

PROVISIONS FOR LIABILITIES 7 690
NET LIABILITIES (38,988 )

CAPITAL AND RESERVES
Called up share capital 8 100
Retained earnings (39,088 )
SHAREHOLDERS' FUNDS (38,988 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BIPYRAMID LTD (REGISTERED NUMBER: SC750931)

BALANCE SHEET - continued
30 November 2023


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 Board of Directors and authorised for issue on 24 June 2024 and were signed on its behalf by:





A Kiayias - Director


BIPYRAMID LTD (REGISTERED NUMBER: SC750931)

NOTES TO THE FINANCIAL STATEMENTS
for the period 21 November 2022 to 30 November 2023

1. STATUTORY INFORMATION

BiPyramid Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

At 30 November 2023 the company had net liabilities of £38,988. The company relies on the continued support of the directors and other creditors to finance its day to day working capital requirements. The directors consider it appropriate to prepare the statements on the going concern basis as they expect that this support will continue in the future.

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

TAXATION
Taxation for the period 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 balance sheet date.

BIPYRAMID LTD (REGISTERED NUMBER: SC750931)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 21 November 2022 to 30 November 2023

2. ACCOUNTING POLICIES - continued

FIXED ASSET INVESTMENTS
Listed investments are held at market value with any movement in their market value each year being taken to the Income Statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Additions 990,000
Revaluations 6,087
Impairments (2,454 )
At 30 November 2023 993,633
NET BOOK VALUE
At 30 November 2023 993,633

Cost or valuation at 30 November 2023 is represented by:

Other
investments
£   
Valuation in 2023 3,633
Cost 990,000
993,633

If listed investments had not been revalued they would have been included at the following historical cost:

£   
Cost 990,000

Listed investments were valued on a market value basis on 30 November 2023 by abrdn .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 87

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 1,388,129
Accrued expenses 2,401
1,390,530

BIPYRAMID LTD (REGISTERED NUMBER: SC750931)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 21 November 2022 to 30 November 2023

7. PROVISIONS FOR LIABILITIES
£   
Deferred tax 690

Deferred
tax
£   
Provided during period 690
Balance at 30 November 2023 690

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
75 Ordinary A £1 75
25 Ordinary B £1 25
100

The following shares were issued during the period for cash at par :

75 Ordinary A shares of £1
25 Ordinary B shares of £1

The shares rank parri passu except rights to a varying dividend as a class of share.