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REGISTERED NUMBER: 05101078 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PAPER PROJECT ARCHITECTURE AND DESIGN
LIMITED

PAPER PROJECT ARCHITECTURE AND DESIGN
LIMITED (REGISTERED NUMBER: 05101078)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PAPER PROJECT ARCHITECTURE AND DESIGN
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M G Avendano Vargas
B B Elsdon





REGISTERED OFFICE: 4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU





REGISTERED NUMBER: 05101078 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

PAPER PROJECT ARCHITECTURE AND DESIGN
LIMITED (REGISTERED NUMBER: 05101078)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 59,621 67,565

CURRENT ASSETS
Debtors 5 51,207 54,757
Cash at bank 84,328 90,683
135,535 145,440
CREDITORS
Amounts falling due within one year 6 52,302 54,554
NET CURRENT ASSETS 83,233 90,886
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,854

158,451

CREDITORS
Amounts falling due after more than one
year

7

(44,073

)

(58,654

)

PROVISIONS FOR LIABILITIES 8 (14,905 ) (16,891 )
NET ASSETS 83,876 82,906

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings 83,846 82,876
SHAREHOLDERS' FUNDS 83,876 82,906

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PAPER PROJECT ARCHITECTURE AND DESIGN
LIMITED (REGISTERED NUMBER: 05101078)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:




M G Avendano Vargas - Director



B B Elsdon - Director


PAPER PROJECT ARCHITECTURE AND DESIGN
LIMITED (REGISTERED NUMBER: 05101078)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Paper Project Architecture And Design Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue from services is recognised when the service is provided and the right to consideration earned. To the extent that a service is provided to third parties but no billing made, the amount is recognised as revenue and recorded as accrued income. Billings made in advance of services being provided are recognised as deferred income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

PAPER PROJECT ARCHITECTURE AND DESIGN
LIMITED (REGISTERED NUMBER: 05101078)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables 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.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 25,115 59,500 44,725 129,340
Additions 3,600 - 6,657 10,257
At 31 March 2024 28,715 59,500 51,382 139,597
DEPRECIATION
At 1 April 2023 20,631 4,855 36,289 61,775
Charge for year 1,271 13,661 3,269 18,201
At 31 March 2024 21,902 18,516 39,558 79,976
NET BOOK VALUE
At 31 March 2024 6,813 40,984 11,824 59,621
At 31 March 2023 4,484 54,645 8,436 67,565

PAPER PROJECT ARCHITECTURE AND DESIGN
LIMITED (REGISTERED NUMBER: 05101078)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 59,500
DEPRECIATION
At 1 April 2023 4,855
Charge for year 13,661
At 31 March 2024 18,516
NET BOOK VALUE
At 31 March 2024 40,984
At 31 March 2023 54,645

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 56 37,667
Other debtors 42,190 17,090
42,246 54,757

Amounts falling due after more than one year:
Other debtors 8,961 -

Aggregate amounts 51,207 54,757

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,779 8,559
Hire purchase contracts 6,616 5,299
Trade creditors 3,984 10,575
Taxation and social security 26,303 26,179
Other creditors 6,620 3,942
52,302 54,554

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 10,518 18,484
Hire purchase contracts 33,555 40,170
44,073 58,654

PAPER PROJECT ARCHITECTURE AND DESIGN
LIMITED (REGISTERED NUMBER: 05101078)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 14,905 16,891

Deferred
tax
£   
Balance at 1 April 2023 16,891
Credit to Income Statement during year (1,986 )
Balance at 31 March 2024 14,905

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the directors owed the company £26,550 (2023: £4,275). The loan is not secured, bears interest at 2.25% and has no repayment terms.