REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
for |
Pyrene Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
for |
Pyrene Limited |
Pyrene Limited (Registered number: 09336515) |
Contents of the Financial Statements |
for the Year Ended 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Pyrene Limited |
Company Information |
for the Year Ended 31 December 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
First Floor |
Millennium House |
Victoria Road |
Douglas |
Isle of Man |
IM2 4RW |
Pyrene Limited (Registered number: 09336515) |
Balance Sheet |
31 December 2023 |
2023 | 2022 |
Notes | € | € | € | € |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Other reserves | 8 |
Retained earnings | 8 |
SHAREHOLDERS' FUNDS |
The director acknowledges her 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 were approved by the director and authorised for issue on |
Pyrene Limited (Registered number: 09336515) |
Notes to the Financial Statements |
for the Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Pyrene Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investment property |
Investment property is shown at cost to the company including all costs of acquisition, less any provision for impairment. |
Foreign currencies |
Assets and liabilities in foreign currencies, with the exception of share capital, are translated into euros at the rates of exchange ruling at the Balance Sheet date. Share capital is translated at the historical rate. Transactions in foreign currencies are translated into euros at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | INVESTMENT PROPERTY |
Total |
€ |
FAIR VALUE |
At 1 January 2023 |
and 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
Investment property is made up of Store I-2, Store I-3, Store I-4 and Warehouse at 4 Thespidos Street, Athens, Warehouse Y-1 at 1 Kambouroglou Street, Athens and parking spaces 83 & 84 at 30 Olympionikon Street, N. Psychiko, Athens. |
On 9 December 2016 the company signed an agreement to sell properties, Store 1-2, Store I-3, Store I-4 and Warehouse at 4 Thespidos Street, Athens for €1,100,000 on 9 December 2018. However, at the date of this report the sale of the property has not yet gone through and negotiations with the buyer are ongoing. Payments in advance totalling €450,000 have been received up to 31 December 2023. |
Pyrene Limited (Registered number: 09336515) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
€ | € |
Trade debtors |
Sundry debtors |
Prepayments |
Called up share capital not paid |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
€ | € |
Tax |
Payments in advance |
Accruals |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | € | € |
Ordinary | £1 | 125 | 125 |
8. | RESERVES |
Retained | Other |
earnings | reserves | Totals |
€ | € | € |
At 1 January 2023 | 180,277 |
Deficit for the year | ( |
) | ( |
) |
Cash share issue | - | (40,000 | ) | (40,000 | ) |
At 31 December 2023 | 139,053 |
9. | RELATED PARTY DISCLOSURES |
No transactions with related parties were undertaken such as are required to be disclosed under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. |
10. | POST BALANCE SHEET EVENTS |
The effect of events relating to the year ended 31 December 2023, which occurred before the date of approval of the financial statements by the director, have been included to the extent required to show a true and fair view of the state of affairs at 31 December 2023, and of the results of the year ended on that date. |