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REGISTERED NUMBER: SC750931 (Scotland)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

BIPYRAMID LTD

BIPYRAMID LTD (REGISTERED NUMBER: SC750931)






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


BIPYRAMID LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Prof 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 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 1,095,900 993,633

CURRENT ASSETS
Debtors 5 206 87
Cash at bank and in hand 376,395 358,512
376,601 358,599
CREDITORS
Amounts falling due within one year 6 (1,353,341 ) (1,390,530 )
NET CURRENT LIABILITIES (976,740 ) (1,031,931 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,160

(38,298

)

PROVISIONS FOR LIABILITIES 7 (26,475 ) (690 )
NET ASSETS/(LIABILITIES) 92,685 (38,988 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 92,585 (39,088 )
SHAREHOLDERS' FUNDS 92,685 (38,988 )

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.

BIPYRAMID LTD (REGISTERED NUMBER: SC750931)

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 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 30 August 2025 and were signed on its behalf by:





Prof A Kiayias - Director


BIPYRAMID LTD (REGISTERED NUMBER: SC750931)

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

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 2024 the company had net current liabilities of £976,740 (2024 - £1,031,931). 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 year 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 YEAR ENDED 30 NOVEMBER 2024

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 year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 December 2023 993,633
Additions 99,813
Reversal of impairments 2,454
At 30 November 2024 1,095,900
NET BOOK VALUE
At 30 November 2024 1,095,900
At 30 November 2023 993,633

Cost or valuation at 30 November 2024 is represented by:

Other
investments
£   
Valuation in 2023 3,633
Valuation in 2024 102,267
Cost 990,000
1,095,900

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

2024 2023
£    £   
Cost 990,000 990,000

Listed investments were valued on a market value basis on 30 November 2024 by abrdn .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 206 87

BIPYRAMID LTD (REGISTERED NUMBER: SC750931)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 820 -
Other creditors 1,352,521 1,390,530
1,353,341 1,390,530

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 26,475 690

Deferred
tax
£   
Balance at 1 December 2023 690
Charge to Statement of Income and Retained Earnings during year 25,785
Balance at 30 November 2024 26,475

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
75 Ordinary A £1 75 75
25 Ordinary B £1 25 25
100 100

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