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REGISTERED NUMBER: 13382012 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

PAPER LITERARY LTD

PAPER LITERARY LTD (REGISTERED NUMBER: 13382012)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PAPER LITERARY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: Ms C K Cho





REGISTERED OFFICE: c/o Missionworks
41 Iffley Road
London
W6 0PB





REGISTERED NUMBER: 13382012 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

PAPER LITERARY LTD (REGISTERED NUMBER: 13382012)

BALANCE SHEET
31ST DECEMBER 2023

31.12.23 31.12.22
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 4,000 6,000
Tangible assets 5 2,907 250
6,907 6,250

CURRENT ASSETS
Debtors 6 2,782 -
Cash at bank 56,943 6,472
59,725 6,472
CREDITORS
Amounts falling due within one year 7 38,774 12,245
NET CURRENT ASSETS/(LIABILITIES) 20,951 (5,773 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,858

477

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 27,758 377
27,858 477

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

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

The director acknowledges her 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 31st July 2024 and were signed by:





Ms C K Cho - Director


PAPER LITERARY LTD (REGISTERED NUMBER: 13382012)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Paper Literary Ltd is a private company, limited by shares , registered in England and Wales. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1st January 2023
and 31st December 2023 10,000
AMORTISATION
At 1st January 2023 4,000
Charge for year 2,000
At 31st December 2023 6,000
NET BOOK VALUE
At 31st December 2023 4,000
At 31st December 2022 6,000

PAPER LITERARY LTD (REGISTERED NUMBER: 13382012)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1st January 2023 279
Additions 3,261
At 31st December 2023 3,540
DEPRECIATION
At 1st January 2023 29
Charge for year 604
At 31st December 2023 633
NET BOOK VALUE
At 31st December 2023 2,907
At 31st December 2022 250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Other debtors 2,782 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Taxation and social security 20,497 -
Other creditors 18,277 12,245
38,774 12,245