IRIS Accounts Production v25.2.0.378 04951755 Board of Directors 1.12.23 30.11.24 30.11.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049517552023-11-30049517552024-11-30049517552023-12-012024-11-30049517552022-11-30049517552022-12-012023-11-30049517552023-11-3004951755ns15:EnglandWales2023-12-012024-11-3004951755ns14:PoundSterling2023-12-012024-11-3004951755ns10:Director12023-12-012024-11-3004951755ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3004951755ns10:SmallEntities2023-12-012024-11-3004951755ns10:AuditExemptWithAccountantsReport2023-12-012024-11-3004951755ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3004951755ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3004951755ns10:FullAccounts2023-12-012024-11-3004951755ns10:Director22023-12-012024-11-3004951755ns10:CompanySecretary12023-12-012024-11-3004951755ns10:RegisteredOffice2023-12-012024-11-3004951755ns5:CurrentFinancialInstruments2024-11-3004951755ns5:CurrentFinancialInstruments2023-11-3004951755ns5:Non-currentFinancialInstruments2024-11-3004951755ns5:Non-currentFinancialInstruments2023-11-3004951755ns5:ShareCapital2024-11-3004951755ns5:ShareCapital2023-11-3004951755ns5:RetainedEarningsAccumulatedLosses2024-11-3004951755ns5:RetainedEarningsAccumulatedLosses2023-11-3004951755ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3004951755ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3004951755ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-11-3004951755ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-11-3004951755ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-11-3004951755ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-11-3004951755ns5:Secured2024-11-3004951755ns5:Secured2023-11-30049517551ns10:Director12023-11-30049517551ns10:Director12022-11-30049517551ns10:Director12023-12-012024-11-30049517551ns10:Director12022-12-012023-11-30049517551ns10:Director12024-11-30049517551ns10:Director12023-11-3004951755ns10:Director222023-11-3004951755ns10:Director222022-11-3004951755ns10:Director222023-12-012024-11-3004951755ns10:Director222022-12-012023-11-3004951755ns10:Director222024-11-3004951755ns10:Director222023-11-30
REGISTERED NUMBER: 04951755 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Pyramid Property Development Limited

Pyramid Property Development Limited (Registered number: 04951755)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Pyramid Property Development Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr P S Dey
Mr M P Luby





SECRETARY: Mr P S Dey





REGISTERED OFFICE: Unit 10 Valley Court Sanderson Way
Middlewich
CW10 0GF





REGISTERED NUMBER: 04951755 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

Pyramid Property Development Limited (Registered number: 04951755)

Balance Sheet
30 November 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 997,176 984,326

CURRENT ASSETS
Debtors 5 1,186 2,135
Cash at bank 37,263 11,317
38,449 13,452
CREDITORS
Amounts falling due within one year 6 (76,797 ) (86,335 )
NET CURRENT LIABILITIES (38,348 ) (72,883 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

958,828

911,443

CREDITORS
Amounts falling due after more than one
year

7

(831,400

)

(840,785

)
NET ASSETS 127,428 70,658

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 127,426 70,656
SHAREHOLDERS' FUNDS 127,428 70,658

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

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

Pyramid Property Development Limited (Registered number: 04951755)

Balance Sheet - continued
30 November 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 Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:





Mr P S Dey - Director


Pyramid Property Development Limited (Registered number: 04951755)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Pyramid Property Development 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.

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 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 984,326
Additions 12,850
At 30 November 2024 997,176
NET BOOK VALUE
At 30 November 2024 997,176
At 30 November 2023 984,326

Investment property was valued on an open market basis on 30th November 2024 by the director, Mr P S Dey.

Pyramid Property Development Limited (Registered number: 04951755)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payment on account 148 -
VAT - 1,188
Prepayments 1,038 947
1,186 2,135

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 40,819 40,819
Trade creditors 1,042 29,762
Tax 18,923 9,368
VAT 6,130 -
Deferred income 8,888 5,451
Accrued expenses 995 935
76,797 86,335

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 40,819 40,819
Bank loans - 2-5 years 92,977 127,362
Other creditors 195,026 170,026
Directors' loan accounts 502,578 502,578
831,400 840,785

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 174,615 209,000

The mortgage is secured against the property, a debenture and personal guarantees of £50k by each of the directors.

9. FINANCIAL INSTRUMENTS

Bank loans are initially measured at cost.

10. OTHER FINANCIAL COMMITMENTS

The company have outstanding commitments as at 30th November 2024 in respect of a mortgage totalling £174,615 (2023: £208,999).

Pyramid Property Development Limited (Registered number: 04951755)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
Mr P S Dey
Balance outstanding at start of year (80,178 ) (80,178 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (80,178 ) (80,178 )

Mr M P Luby
Balance outstanding at start of year (422,400 ) (220,000 )
Amounts repaid - (202,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (422,400 ) (422,400 )

12. RELATED PARTY DISCLOSURES

Wizard (Europe) Limited

A company in which Mr Paul Dey is a director.


2024 2023
£    £   
Amount due to related party at the balance sheet date 145,026 145,026

Wizard Property Development Ltd

A company in which Mr Paul Dey is a director.


2024 2023
£    £   
Amount due to related party at the balance sheet date 25,000 25,000

Cheshire Tap Ltd

A company in which Mr Paul Dey is a director.


2024 2023
£    £   
Amount due to related party at the balance sheet date 25,000 -

13. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party due to the fact that both shareholders have equal shares.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Pyramid Property Development Limited (Registered number: 04951755)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pyramid Property Development Limited for the year ended 30 November 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Pyramid Property Development Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pyramid Property Development Limited and state those matters that we have agreed to state to the Board of Directors of Pyramid Property Development Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pyramid Property Development Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pyramid Property Development Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pyramid Property Development Limited. You consider that Pyramid Property Development Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pyramid Property Development Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR


Date: .............................................