Registration number: 13357155

Pyrrhocorax Avosetta Ltd

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 7

Pyrrhocorax Avosetta Ltd

(Registration number: 13357155)
Abridged Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,825	7,582
Investment property	5	583,000	691,095
Investments	6	4,823	4,823
Other financial assets	7	609,691	577,157
		1,199,339	1,280,657
Current assets
Debtors		2,140	-
Cash at bank and in hand		28,099	10,591
		30,239	10,591
Creditors: Amounts falling due within one year		(489,052)	(702,152)
Net current liabilities		(458,813)	(691,561)
Total assets less current liabilities		740,526	589,096
Provisions for liabilities		(19,317)	(23,541)
Net assets		721,209	565,555
Capital and reserves
Called up share capital		100	100
Other reserves		43,324	130,563
Profit and loss account		677,785	434,892
Total equity		721,209	565,555

Pyrrhocorax Avosetta Ltd

(Registration number: 13357155)
Abridged Balance Sheet as at 30 April 2025

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 9 January 2026 and signed on its behalf by:
 

Mrs E Beale

Director

Mr T J Beale

Director

Pyrrhocorax Avosetta Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Trenavin House
Trevigro
Callington
Cornwall
PL17 7JT

These financial statements were authorised for issue by the Board on 9 January 2026.

2	Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors have considered the financial position of the company in view of the results in the year ended 30 April 2025.

The company's ability to continue trading is reliant on the directors, continuing to support the company through their directors' loan account. The directors have agreed not to seek repayment of the amounts owed to them within 12 months of the date of the accounts where this would affect the company's ability to trade.

The directors have considered a period of 12 months from the date of approval of the financial statements and consider it appropriate to prepare the financial statements on the going concern basis.

Pyrrhocorax Avosetta Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

Prior period errors

Shares in associate incorrectly classified as financial assets at fair value through profit and loss

	Relating to the current period disclosed in these financial statements £	Relating to the prior period disclosed in these financial statements £	Relating to periods before the prior period disclosed in these financial statements £
Shares in associate	-	4,823	-
Financial assets at fair value through profit and loss	-	(4,823)	-

Dividend income from associate incorrectly included in turnover

	Relating to the current period disclosed in these financial statements £	Relating to the prior period disclosed in these financial statements £	Relating to periods before the prior period disclosed in these financial statements £
Turnover	-	(250,000)	-
Income from participating interests	-	250,000	-

Interest income not included in turnover

	Relating to the current period disclosed in these financial statements £	Relating to the prior period disclosed in these financial statements £	Relating to periods before the prior period disclosed in these financial statements £
Turnover	-	755	-
Other interest receivable and similar income	-	(755)	-

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Page 4

Pyrrhocorax Avosetta Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures & Fittings	25% Straight line

Investment property

Investment property is carried at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Investments

Investments in equity shares where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit or loss account. Investments in equity shares where fair value cannot be measured reliably are measured at cost less impairment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Pyrrhocorax Avosetta Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

4	Tangible assets

	Total £
Cost or valuation
At 1 May 2024	24,743
Additions	572
At 30 April 2025	25,315
Depreciation
At 1 May 2024	17,161
Charge for the year	6,329
At 30 April 2025	23,490
Carrying amount
At 30 April 2025	1,825
At 30 April 2024	7,582

5	Investment properties

	2025 £
At 1 May 2024	691,095
Disposals	(85,095)
Fair value adjustments	(23,000)
At 30 April 2025	583,000

The fair value of the investment property has been obtained by using the estimated market value of the property at the balance sheet date that appears on a reputable nationwide house price website.