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REGISTERED NUMBER: 09013616 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023

FOR

PAPI'S PICKLES
COMPANY LIMITED BY GUARANTEE

PAPI'S PICKLES (REGISTERED NUMBER: 09013616)
COMPANY LIMITED BY GUARANTEE






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 July 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PAPI'S PICKLES
COMPANY LIMITED BY GUARANTEE

COMPANY INFORMATION
for the Period 1 July 2022 to 31 December 2023







DIRECTORS: R Subramaniam
A Ramanan
S Ramanan





REGISTERED OFFICE: 44 Nottingham Rd
Mansfield
Nottinghamshire
NG18 1BL





REGISTERED NUMBER: 09013616 (England and Wales)





ACCOUNTANTS: Beeley Hawley & Co. Ltd
Chartered Accountants
42-44 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL

PAPI'S PICKLES (REGISTERED NUMBER: 09013616)
COMPANY LIMITED BY GUARANTEE

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 136 181

CURRENT ASSETS
Stocks 150 125
Debtors 5 - 2,000
Cash at bank and in hand 15,575 23,931
15,725 26,056
CREDITORS
Amounts falling due within one year 6 54,947 53,655
NET CURRENT LIABILITIES (39,222 ) (27,599 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(39,086

)

(27,418

)

RESERVES
Income and expenditure account (39,086 ) (27,418 )
(39,086 ) (27,418 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 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 surplus or deficit 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 Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





R Subramaniam - Director


PAPI'S PICKLES (REGISTERED NUMBER: 09013616)
COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 July 2022 to 31 December 2023

1. STATUTORY INFORMATION

Papi's Pickles is a private company, limited by guarantee , 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.

At the year end the company had a balance sheet deficit of £27,418 (2021: £32,216). The company is dependant on the continued support of its directors and lenders.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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

Taxation
Taxation for the period 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 period 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 period was 3 (2022 - 3 ) .

PAPI'S PICKLES (REGISTERED NUMBER: 09013616)
COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 July 2022 to 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 31 December 2023 1,805
DEPRECIATION
At 1 July 2022 1,624
Charge for period 45
At 31 December 2023 1,669
NET BOOK VALUE
At 31 December 2023 136
At 30 June 2022 181

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 2,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 40,232 37,330
Trade creditors 207 207
Directors' loan accounts 13,716 15,380
Accruals and deferred income 792 738
54,947 53,655

7. COMPANY LIMITED BY GUARANTEE

The liability of the members of the company is limited by guarantee to £1 each.