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REGISTERED NUMBER: 02317284 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Petit Papillon Management Limited

Petit Papillon Management Limited (Registered number: 02317284)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Petit Papillon Management Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D C Litton
R G Jones
Ms E Gairy
N Slade


SECRETARY: R G Jones


REGISTERED OFFICE: 75 Grosvenor Street
Mayfair
London
W1K 3JS


REGISTERED NUMBER: 02317284 (England and Wales)


SENIOR STATUTORY AUDITOR: P A Freeman BA FCA FCCA


AUDITORS: Lawes and Co
Boyce's Building
40-42 Regent Street
Bristol
BS8 4HU


BANKERS: HSBC Plc
69 Pall Mall
London
SW1Y 6DF

Petit Papillon Management Limited (Registered number: 02317284)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1
Investments 5 2,032 40,618
2,033 40,619

CURRENT ASSETS
Debtors 6 5,474 42,249
Cash at bank 234,286 479,123
239,760 521,372
CREDITORS
Amounts falling due within one year 7 128,768 96,018
NET CURRENT ASSETS 110,992 425,354
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,025

465,973

CAPITAL AND RESERVES
Called up share capital 8 1,100 1,100
Share premium 9 99,000 99,000
Retained earnings 9 12,925 365,873
SHAREHOLDERS' FUNDS 113,025 465,973

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 Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





D C Litton - Director


Petit Papillon Management Limited (Registered number: 02317284)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Petit Papillon Management 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.

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 as modified by the revaluation of certain assets.

Tangible fixed assets
All tangible fixed assets are depreciated 25% Straight Line.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 9 ) .

Petit Papillon Management Limited (Registered number: 02317284)

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

4. TANGIBLE FIXED ASSETS
Fixtures,fittings
& equipment
£   
COST
At 1 January 2023
and 31 December 2023 8,466
DEPRECIATION
At 1 January 2023
and 31 December 2023 8,465
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 2 40,616 40,618
Revaluations - (38,586 ) (38,586 )
At 31 December 2023 2 2,030 2,032
NET BOOK VALUE
At 31 December 2023 2 2,030 2,032
At 31 December 2022 2 40,616 40,618


The company's investments at the Balance Sheet date in the share capital of companies include the following:

PPM Mount Street Ltd
Registered office: 75 Grosvenor Street, Mayfair, London UK
Nature of business: Dormant
%
Class of shares: holding
Ord £1.00 100.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves 1 1

Petit Papillon Management Limited (Registered number: 02317284)

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

5. FIXED ASSET INVESTMENTS - continued

PPM Bournemouth Limited
Registered office: 75 Grosvenor Street, Mayfair, London UK
Nature of business: Dormant
%
Class of shares: holding
Ord £1 100.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves 1 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 5,473 19,526
Other debtors 1 -
Prepayments and accrued income - 22,723
5,474 42,249

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 4,695 20,500
Amounts owed to group undertakings 2 2
Social security and other taxes 51,658 26,748
VAT 52,232 31,214
Company credit card 1,374 1,764
Pension liability 2,807 5,422
Accruals and deferred income 16,000 10,368
128,768 96,018

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,100 Share capital £1 1,100 1,100

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2023 365,873 99,000 464,873
Deficit for the year (352,948 ) (352,948 )
At 31 December 2023 12,925 99,000 111,925

Petit Papillon Management Limited (Registered number: 02317284)

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

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

P A Freeman BA FCA FCCA (Senior Statutory Auditor)
for and on behalf of Lawes and Co