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REGISTERED NUMBER: 13007956 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Paper Entertainment Ltd

Paper Entertainment Ltd (Registered number: 13007956)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Paper Entertainment Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J C Y G Leroux
G De Menthon





REGISTERED OFFICE: 39 Long Acre
Covent Garden
London
WC2E 9LG





REGISTERED NUMBER: 13007956 (England and Wales)





ACCOUNTANTS: We`ll Mind Your Own Business LTD
39 Long Acre
London
WC2E 9LG

Paper Entertainment Ltd (Registered number: 13007956)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 717 1,380

CURRENT ASSETS
Debtors 5 4,186 6,595
Cash at bank 456,733 232,624
460,919 239,219
CREDITORS
Amounts falling due within one year 6 43,161 45,939
NET CURRENT ASSETS 417,758 193,280
TOTAL ASSETS LESS CURRENT
LIABILITIES

418,475

194,660

CAPITAL AND RESERVES
Called up share capital 133 133
Share premium 799,967 799,967
Retained earnings (381,625 ) (605,440 )
418,475 194,660

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

The members have not required the company to obtain an audit of its financial statements for the year 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 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 Entertainment Ltd (Registered number: 13007956)

Balance Sheet - continued
31 December 2023


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 November 2024 and were signed on its behalf by:





J C Y G Leroux - Director


Paper Entertainment Ltd (Registered number: 13007956)

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

1. STATUTORY INFORMATION

Paper Entertainment 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.

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.

The company has adopted accounting standard FRS 102 Section 1A Small Entities for annual periods beginning on 1st January 2023.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Computer equipment - 33% on 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.


Paper Entertainment Ltd (Registered number: 13007956)

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

2. ACCOUNTING POLICIES - continued
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.

Creditors
Short-term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at fair value, net of any transaction costs, and subsequently measured at amortised cost determined using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 1,990
DEPRECIATION
At 1 January 2023 610
Charge for year 663
At 31 December 2023 1,273
NET BOOK VALUE
At 31 December 2023 717
At 31 December 2022 1,380

Paper Entertainment Ltd (Registered number: 13007956)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
VAT 2,518 4,660
Prepayments and accrued income 1,668 1,935
4,186 6,595

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 4,601 610
Amounts owed to group undertakings 20,158 20,158
Social security and other taxes 8,341 11,305
Other creditors - 341
Directors' current accounts 6,865 6,865
Accruals and deferred income 3,196 6,660
43,161 45,939

7. ULTIMATE CONTROLLING PARTY

Throughout the period, the company was under the control of Julien Leroux, by virtue of his 75% shareholding.