Financial Statements in Limassol
Every Cyprus company must prepare annual financial statements under International Financial Reporting Standards (IFRS) as adopted by the EU. Preparation is typically handled by the company's accountant based on the audited or reviewed trial balance. Most Cyprus accounting firms include financial statement preparation as part of their annual accounting service.
IFRS financial statements
Cyprus companies must prepare financial statements comprising: statement of financial position (balance sheet), statement of comprehensive income (P&L), statement of changes in equity, statement of cash flows, and notes to the financial statements. Small companies can use simplified formats. All financial statements must be prepared under IFRS as adopted by the EU.
The financial statements are attached to the annual return (HE32) filed with the Registrar of Companies, and support the corporate tax computation submitted with the TD4 return.
Firms specialising in Financial Statements
10 firmsMulti-practitioner firms with documented practice in Financial Statements, ranked by claim status, listing completeness, and client rating.
P. Constantinou is a certified public accounting and audit firm based in Limassol, Cyprus. They offer a full range of professional services including audit, tax, corporate services, and business advisory. The firm is a member of The Financial Group International and leverages an international network of associates.
A&C Christofi Ltd is a Cyprus-based firm of Certified Chartered Accountants and Registered Auditors, providing accounting, audit, tax, payroll, business advisory, and other professional services to SMEs and individuals. With over 17 years of experience, they emphasize human-centered advisory and technology-enabled efficiency.
M.T. Michaelides Co Ltd is a Cyprus-based firm of chartered certified accountants offering audit, accounting, tax, and business advisory services. It is a member of INTEGRA International since 2004, providing international reach.
Anthimos Leonidou & Partners Ltd is an independent firm based in Limassol, Cyprus, established in 1987. It provides a wide range of financial services including accounting, audit, taxation, and consulting to individuals and corporate clients locally and internationally. The firm has 45 professionals and is a member of ICPAC and ACCA.
PKF Cyprus is one of the largest accounting firms in Cyprus, operating from offices in Limassol and Nicosia with over 100 staff. They offer audit, taxation, business solutions, and corporate finance services, specializing in structuring multinational companies and serving a diverse range of industries. The firm is a member of the PKF International network and holds quality-checked accreditation from ICPAC and ACCA.
K.P. Masterchart Ltd is a Cyprus-based professional services firm offering audit, accounting, tax, and consultancy services. They specialize in International Business Companies (IBC) and have a team of qualified accountants. Their client portfolio spans various industries including trading, shipping, and finance.
Founded in 1992, P & P Advisory Services Ltd is a Cyprus-based firm offering accounting, audit, tax planning, corporate services, and consulting. As a member of INPACT International, they combine local expertise with global reach to serve a diverse range of industries.
Baker Tilly South East Europe provides assurance, tax, advisory, and specialist consulting services across Cyprus, Greece, Bulgaria, Romania, and Moldova. The firm emphasizes a people-first approach and aims to help clients grow by anticipating future challenges. It is a member of Baker Tilly International.
Andersen Business Audit Services Limited is a Cyprus-based audit firm providing audit & assurance, taxation, accounting, consultancy, and other corporate services. The firm is committed to helping businesses reach their true potential through long-term relationships and high-quality service.
Grant Thornton Cyprus is a professional services firm offering assurance, tax, risk advisory, and business setup services. They recently launched EU AI Act & ISO 42001 GRC services and achieved ISO 27001 certification. The firm is part of the Grant Thornton International network.
Independent specialists
193Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
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Frequently asked questions
Who prepares Cyprus financial statements?
Typically the company's bookkeeper or accountant prepares draft financial statements from the trial balance. If audited, the auditor may assist with technical accounting matters but must maintain independence — the statements are the company's responsibility.