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Registration number: 08725078

Papilio (Heritage) Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2023

 

Papilio (Heritage) Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 6

Notes to the Unaudited Financial Statements

4

 

Papilio (Heritage) Ltd

Company Information

Directors

Mr Alexander Hannah

Mr Jonathan Banks

Company secretary

Sarah Boyes

Registered office

Unit 8, Pinkers Court
Briarland Office Park, Gloucester Road
Rudgeway
Bristol
BS35 3QH

Accountants

Burton Sweet
Chartered Certified Accountants
Cornerstone House
Midland Way
Thornbury
Bristol
BS35 2BS

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Papilio (Heritage) Ltd
for the Year Ended 28 February 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Papilio (Heritage) Ltd for the year ended 28 February 2023 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Papilio (Heritage) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Papilio (Heritage) Ltd and state those matters that we have agreed to state to the Board of Directors of Papilio (Heritage) Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Papilio (Heritage) Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Papilio (Heritage) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Papilio (Heritage) Ltd. You consider that Papilio (Heritage) Ltd 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 accounts of Papilio (Heritage) Ltd. 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 accounts.

......................................

Burton Sweet
Chartered Certified Accountants
Cornerstone House
Midland Way
Thornbury
Bristol
BS35 2BS

16 November 2023

 

Papilio (Heritage) Ltd

(Registration number: 08725078)
Balance Sheet as at 28 February 2023

2023
£

2022
£

Fixed assets

10,666

15,650

Current assets

78,721

77,381

Prepayments and accrued income

5,500

1,924

Creditors: Amounts falling due within one year

(187,238)

(186,318)

Net current liabilities

(103,017)

(107,013)

Total assets less current liabilities

(92,351)

(91,363)

Creditors: Amounts falling due after more than one year

(36,032)

(41,179)

Accruals and deferred income

(3,116)

(3,436)

 

(131,499)

(135,978)

Capital and reserves

(131,499)

(135,978)

 

Papilio (Heritage) Ltd

(Registration number: 08725078)
Balance Sheet as at 28 February 2023

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:
Unit 8, Pinkers Court
Briarland Office Park, Gloucester Road
Rudgeway
Bristol
BS35 3QH

These financial statements were authorised for issue by the Board on 16 November 2023.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2022 - 15).

3

Related party transactions

Transactions with directors

2023

At 1 March 2022
£

Advances to director
£

Repayments by director
£

At 28 February 2023
£

Loan

(122,537)

131,237

(8,700)

-

         
       

Loan

(23,664)

38,664

(15,000)

-

         
       

 

 

Papilio (Heritage) Ltd

(Registration number: 08725078)
Balance Sheet as at 28 February 2023

2022

At 1 March 2021
£

Advances to director
£

Repayments by director
£

At 28 February 2022
£

Loan

(118,990)

1,058

(4,606)

(122,537)

         
       

Loan

(4,600)

11,100

(30,164)

(23,664)

         
       

 

 

Papilio (Heritage) Ltd

(Registration number: 08725078)
Balance Sheet as at 28 February 2023

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 16 November 2023 and signed on its behalf by:
 

.........................................
Mr Alexander Hannah
Director