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REGISTERED NUMBER: SC423997 (Scotland)















Unaudited Financial Statements for the Year Ended 31st October 2023

for

Papercup Coffee Company PTY Ltd

Papercup Coffee Company PTY Ltd (Registered number: SC423997)






Contents of the Financial Statements
for the Year Ended 31st October 2023




Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 4


Papercup Coffee Company PTY Ltd

Company Information
for the Year Ended 31st October 2023







DIRECTOR: Mr W G Crawford





REGISTERED OFFICE: 603 Great Western Road
Glasgow
G12 8HX





REGISTERED NUMBER: SC423997 (Scotland)





ACCOUNTANTS: McLaughlin Crolla LLP
77/2 Hanover Street
Edinburgh
EH2 1EE

Papercup Coffee Company PTY Ltd

Report of the Accountants to the Director of
Papercup Coffee Company PTY Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st October 2023 set out on pages four to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






McLaughlin Crolla LLP
77/2 Hanover Street
Edinburgh
EH2 1EE


26th July 2024

Papercup Coffee Company PTY Ltd (Registered number: SC423997)

Balance Sheet
31st October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,467 20,363
Investment property 5 90,623 85,090
105,090 105,453

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 6 3,655 -
Cash at bank and in hand 33,678 46,416
38,833 47,916
CREDITORS
Amounts falling due within one year 7 86,504 84,914
NET CURRENT LIABILITIES (47,671 ) (36,998 )
TOTAL ASSETS LESS CURRENT LIABILITIES 57,419 68,455

CREDITORS
Amounts falling due after more than one year 8 18,215 28,270
NET ASSETS 39,204 40,185

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 39,104 40,085
SHAREHOLDERS' FUNDS 39,204 40,185

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26th July 2024 and were signed by:




Mr W G Crawford - Director


Papercup Coffee Company PTY Ltd (Registered number: SC423997)

Notes to the Financial Statements
for the Year Ended 31st October 2023

1. STATUTORY INFORMATION

Papercup Coffee Company PTY Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 12 ) .

Papercup Coffee Company PTY Ltd (Registered number: SC423997)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1st November 2022 57,609
Additions 1,484
Disposals (157 )
At 31st October 2023 58,936
Depreciation
At 1st November 2022 37,246
Charge for year 7,250
Eliminated on disposal (27 )
At 31st October 2023 44,469
Net book value
At 31st October 2023 14,467
At 31st October 2022 20,363

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1st November 2022 85,090
Additions 5,533
At 31st October 2023 90,623
Net book value
At 31st October 2023 90,623
At 31st October 2022 85,090

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5 -
Amounts owed by group undertakings 3,500 -
Other debtors 150 -
3,655 -

Papercup Coffee Company PTY Ltd (Registered number: SC423997)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,056 9,808
Trade creditors 7,828 9,472
Amounts owed to group undertakings 25,858 14,222
Tax 3,412 5,667
Social security and other taxes (160 ) -
VAT 10,449 9,370
Other creditors 1,969 1,416
Other payroll liabilities 1,378 727
Directors' loan accounts 13,240 15,914
Accrued expenses 12,474 18,318
86,504 84,914

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,311 10,056
Bank loans - 2-5 years 7,904 18,214
18,215 28,270