0 false false false false false false false false false true false false false false false false No description of principal activity 2022-03-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 07146916 2022-03-01 2023-02-28 07146916 2023-02-28 07146916 2022-02-28 07146916 core:FurnitureFittings 2022-03-01 2023-02-28 07146916 bus:Director2 2022-03-01 2023-02-28 07146916 core:WithinOneYear 2023-02-28 07146916 core:WithinOneYear 2022-02-28 07146916 core:ShareCapital 2023-02-28 07146916 core:ShareCapital 2022-02-28 07146916 core:RetainedEarningsAccumulatedLosses 2023-02-28 07146916 core:RetainedEarningsAccumulatedLosses 2022-02-28 07146916 bus:SmallEntities 2022-03-01 2023-02-28 07146916 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 07146916 bus:AbridgedAccounts 2022-03-01 2023-02-28 07146916 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 07146916 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 07146916 core:OfficeEquipment 2022-03-01 2023-02-28
COMPANY REGISTRATION NUMBER: 07146916
Papa Dels Limited
Filleted Unaudited Abridged Financial Statements
28 February 2023
Papa Dels Limited
Abridged Statement of Financial Position
28 February 2023
2023
2022
Note
£
£
£
Current assets
Cash at bank and in hand
372
145
Creditors: amounts falling due within one year
172,340
171,223
---------
---------
Net current liabilities
171,968
171,078
---------
---------
Total assets less current liabilities
( 171,968)
( 171,078)
---------
---------
Net liabilities
( 171,968)
( 171,078)
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 172,068)
( 171,178)
---------
---------
Shareholders deficit
( 171,968)
( 171,078)
---------
---------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the 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 abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.
Papa Dels Limited
Abridged Statement of Financial Position (continued)
28 February 2023
These abridged financial statements were approved by the board of directors and authorised for issue on 28 November 2023 , and are signed on behalf of the board by:
Mrs Raya Fadil
Director
Company registration number: 07146916
Papa Dels Limited
Notes to the Abridged Financial Statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 151 Askew Road, W12 9AU, London.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & fitting
-
25% reducing balance
Equipment
-
25% reducing balance
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Directors' advances, credits and guarantees
At the year end the company owed the director £208,246 (2022: £207,609).
5. Related party transactions
No dividends were paid to the director during the year.