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REGISTERED NUMBER: 12684589 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Papa Bianco Ltd

Papa Bianco Ltd (Registered number: 12684589)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Papa Bianco Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: J F White





SECRETARY: J F White





REGISTERED OFFICE: Mindora Heights
Mill Lane
Harbledown
Canterbury
Kent
CT2 8NG





REGISTERED NUMBER: 12684589 (England and Wales)





ACCOUNTANTS: A.K & Co (Accountancy Services) Ltd
19 Victoria Terrace
Hove
East Sussex
BN3 2WB

Papa Bianco Ltd (Registered number: 12684589)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,182 28,908

CURRENT ASSETS
Stocks 2,750 2,750
Debtors 5 30,722 8,396
Cash at bank 392,173 306,397
425,645 317,543
CREDITORS
Amounts falling due within one year 6 101,874 76,097
NET CURRENT ASSETS 323,771 241,446
TOTAL ASSETS LESS CURRENT
LIABILITIES

390,953

270,354

PROVISIONS FOR LIABILITIES 12,765 3,095
NET ASSETS 378,188 267,259

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 378,088 267,159
SHAREHOLDERS' FUNDS 378,188 267,259

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Bianco Ltd (Registered number: 12684589)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 November 2024 and were signed by:





J F White - Director


Papa Bianco Ltd (Registered number: 12684589)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Papa Bianco 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.

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

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 year was 13 (2023 - 16 ) .

Papa Bianco Ltd (Registered number: 12684589)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 51,045
Additions 51,387
At 30 June 2024 102,432
DEPRECIATION
At 1 July 2023 22,137
Charge for year 13,113
At 30 June 2024 35,250
NET BOOK VALUE
At 30 June 2024 67,182
At 30 June 2023 28,908

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,880 2,244
Loan Standard Quay Tearooms 410 -
Loan Kent Properties (163 ) -
Directors' current accounts 20,735 735
Prepayments 6,860 5,417
30,722 8,396

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 22,929 16,673
Tax 27,122 12,629
Social security and other taxes 2,330 1,688
VAT 28,599 23,556
Other creditors 1,120 710
Loan Quayside Properties 252 289
Loan Standard Quay Tearooms - 714
Loan Furniture Barn 18,822 18,822
Loan Kent Properties - 716
Accrued expenses 700 300
101,874 76,097

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

Papa Bianco Ltd (Registered number: 12684589)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. RELATED PARTY DISCLOSURES

At the year end the company was owed monies by the following companies:

Kent Properties Limited - £-163 (2023: £-716)
Furniture Barn - £-18,822 (2023: £-18,822)
Quayside Properties Limited - £-252 (2023: £-289)
Standard Quay Tearooms Limited - £410 (2023: £0)

The companies are under the common control of Mr M White.