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REGISTERED NUMBER: 12454166 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024

FOR

PAPA BRAVA LIMITED

PAPA BRAVA LIMITED (REGISTERED NUMBER: 12454166)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 March 2023 to 31 March 2024










Page

Statement of financial position 1 to 2

Notes to the financial statements 3 to 5


PAPA BRAVA LIMITED (REGISTERED NUMBER: 12454166)

STATEMENT OF FINANCIAL POSITION
31 March 2024

31.3.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 379 484

CURRENT ASSETS
Debtors 5 7,342 1,692
Cash at bank 13,198 9,550
20,540 11,242
CREDITORS
Amounts falling due within one year 6 (3,817 ) (1,966 )
NET CURRENT ASSETS 16,723 9,276
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,102

9,760

PROVISIONS FOR LIABILITIES (72 ) (92 )
NET ASSETS 17,030 9,668

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 16,930 9,568
17,030 9,668

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

PAPA BRAVA LIMITED (REGISTERED NUMBER: 12454166)

STATEMENT OF FINANCIAL POSITION - 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 income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 October 2024 and were signed by:





P F Burton - Director


PAPA BRAVA LIMITED (REGISTERED NUMBER: 12454166)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 March 2023 to 31 March 2024


1. STATUTORY INFORMATION

Papa Brava Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12454166

Registered office: 71-75 Shelton Street
London
Greater London
WC2H 9JQ

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% reducing balance

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

PAPA BRAVA LIMITED (REGISTERED NUMBER: 12454166)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 March 2023 to 31 March 2024


2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 period was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
Cost
At 1 March 2023
and 31 March 2024 803
Depreciation
At 1 March 2023 319
Charge for period 105
At 31 March 2024 424
Net book value
At 31 March 2024 379
At 28 February 2023 484

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 28.2.23
£    £   
Trade debtors 7,171 1,494
Other debtors 171 198
7,342 1,692

PAPA BRAVA LIMITED (REGISTERED NUMBER: 12454166)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 March 2023 to 31 March 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 28.2.23
£    £   
Taxation and social security 2,007 133
Other creditors 1,810 1,833
3,817 1,966

7. RELATED PARTY DISCLOSURES

All transactions undertaken with the director are deemed to be conducted under normal market conditions and/or are not material.