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REGISTERED NUMBER: 04232630 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

PYRGOS ESTATES LIMITED

PYRGOS ESTATES LIMITED (REGISTERED NUMBER: 04232630)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PYRGOS ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr A G Ioannou





SECRETARY: Mrs M Ioannou





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 04232630 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

PYRGOS ESTATES LIMITED (REGISTERED NUMBER: 04232630)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,031 3,093
Investment property 5 900,000 900,000
903,031 903,093

CURRENT ASSETS
Debtors 6 316,796 298,626
Cash at bank 12 9,281
316,808 307,907
CREDITORS
Amounts falling due within one year 7 32,499 27,267
NET CURRENT ASSETS 284,309 280,640
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,187,340

1,183,733

CREDITORS
Amounts falling due after more than one
year

8

(539,225

)

(554,124

)

PROVISIONS FOR LIABILITIES 10 (48,303 ) (48,303 )
NET ASSETS 599,812 581,306

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 418,692 418,692
Retained earnings 181,020 162,514
SHAREHOLDERS' FUNDS 599,812 581,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

PYRGOS ESTATES LIMITED (REGISTERED NUMBER: 04232630)

BALANCE SHEET - continued
30 JUNE 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 March 2025 and were signed by:





Mr A G Ioannou - Director


PYRGOS ESTATES LIMITED (REGISTERED NUMBER: 04232630)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Pyrgos Estates 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 amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - not provided
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

PYRGOS ESTATES LIMITED (REGISTERED NUMBER: 04232630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 2,675 12,899 15,574
DEPRECIATION
At 1 July 2023 - 12,481 12,481
Charge for year - 62 62
At 30 June 2024 - 12,543 12,543
NET BOOK VALUE
At 30 June 2024 2,675 356 3,031
At 30 June 2023 2,675 418 3,093

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 900,000
NET BOOK VALUE
At 30 June 2024 900,000
At 30 June 2023 900,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2018 466,995
Cost 433,005
900,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 316,796 298,626

PYRGOS ESTATES LIMITED (REGISTERED NUMBER: 04232630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 1,479 -
Tax 29,520 23,662
Accruals 1,500 3,605
32,499 27,267

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans more than 5 years 539,225 554,124

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 539,225 554,124

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 539,225 554,124

10. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 48,303 48,303

Deferred
tax
£   
Balance at 1 July 2023 48,303
Balance at 30 June 2024 48,303

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

PYRGOS ESTATES LIMITED (REGISTERED NUMBER: 04232630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


12. RESERVES
Fair
value
reserve
£   
At 1 July 2023
and 30 June 2024 418,692