0 false false false false false false false true false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 06564143 2023-01-01 2023-12-31 06564143 2023-12-31 06564143 2022-12-31 06564143 2022-01-01 2022-12-31 06564143 2022-12-31 06564143 2021-12-31 06564143 bus:Director2 2023-01-01 2023-12-31 06564143 core:WithinOneYear 2023-12-31 06564143 core:WithinOneYear 2022-12-31 06564143 core:AfterOneYear 2023-12-31 06564143 core:AfterOneYear 2022-12-31 06564143 core:ShareCapital 2023-12-31 06564143 core:ShareCapital 2022-12-31 06564143 core:RetainedEarningsAccumulatedLosses 2023-12-31 06564143 core:RetainedEarningsAccumulatedLosses 2022-12-31 06564143 bus:SmallEntities 2023-01-01 2023-12-31 06564143 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 06564143 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06564143 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06564143 bus:FullAccounts 2023-01-01 2023-12-31 06564143 core:AfterOneYear 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 06564143
Paper Network Limited
Filleted Unaudited Financial Statements
31 December 2023
Paper Network Limited
Financial Statements
Year ended 31 December 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Paper Network Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Creditors: amounts falling due within one year
5
264,864
264,864
---------
---------
Net current liabilities
264,864
264,864
---------
---------
Total assets less current liabilities
( 264,864)
( 264,864)
Creditors: amounts falling due after more than one year
6
50,000
50,000
---------
---------
Net liabilities
( 314,864)
( 314,864)
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 314,865)
( 314,865)
---------
---------
Shareholder deficit
( 314,864)
( 314,864)
---------
---------
These 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 statement of comprehensive income has not been delivered.
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its 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 financial statements .
Paper Network Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 8 February 2024 , and are signed on behalf of the board by:
K R Dyer
Director
Company registration number: 06564143
Paper Network Limited
Notes to the Financial Statements
Year ended 31 December 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 C/O Colombier (UK) Limited, Eurolink Industrial Estate, Castle Road, Sittingbourne, Kent, ME10 3RN.
2. Statement of compliance
These 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 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 financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have confirmed no intention of liquidating the company and that there are no significant doubts about the company's ability to continue as a going concern. Accordingly, the financial statements have been prepared on a going concern basis.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current period.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2, being the directors (2022: 2).
5. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
264,864
264,864
---------
---------
Within creditors there is a balance secured by way of a fixed and floating charge held over the comapany's undertakings and asssets.
6. Creditors: amounts falling due after more than one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
50,000
50,000
--------
--------
Within creditors there is a balance secured by way of a fixed and floating charge held over the comapany's undertakings and asssets.
7. Controlling party
The company is a subsidiary of Colombier (UK) Limited incorporated in the United Kingdom. The smallest group in which the results of the company are consolidated is that headed by Colombier Group NV. The registered office is Energieweg 111, NL-3641 RT Mijdrecht, The Netherlands .