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REGISTERED NUMBER: 08964138 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

PIRPA LIMITED

PIRPA LIMITED (REGISTERED NUMBER: 08964138)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PIRPA LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr Kemal Cagin





REGISTERED OFFICE: 293 Green Lanes
Palmers Green
London
N13 4XS





REGISTERED NUMBER: 08964138 (England and Wales)





ACCOUNTANTS: ADPL LLP
293 Green Lanes
London
N13 4XS

PIRPA LIMITED (REGISTERED NUMBER: 08964138)

Balance Sheet
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,945 77,661

CURRENT ASSETS
Stocks 398,250 335,100
Debtors 5 293,947 213,236
Cash at bank and in hand 16,878 146,738
709,075 695,074
CREDITORS
Amounts falling due within one year 6 399,067 348,327
NET CURRENT ASSETS 310,008 346,747
TOTAL ASSETS LESS CURRENT
LIABILITIES

371,953

424,408

CREDITORS
Amounts falling due after more than one
year

7

(163,291

)

(261,081

)

PROVISIONS FOR LIABILITIES 9 (11,770 ) (15,276 )
NET ASSETS 196,892 148,051

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 195,892 147,051
SHAREHOLDERS' FUNDS 196,892 148,051

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

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

PIRPA LIMITED (REGISTERED NUMBER: 08964138)

Balance Sheet - 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 Profit & Loss Accounts has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2024 and were signed by:





Mr Kemal Cagin - Director


PIRPA LIMITED (REGISTERED NUMBER: 08964138)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Pirpa 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.

In carrying out this assessment, the directors have considered the impact of the Covid-19 pandemic on the trade and finances of the company and wider group and they have taken steps to protect liquidity.
The directors are therefore satisfied that there is no significant risk to the ability of the company to continue as a going concern for at least 12 months from the date of approval of these financial statements.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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 year comprises current and deferred tax. Tax is recognised in the Profit & Loss Accounts, 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.

PIRPA LIMITED (REGISTERED NUMBER: 08964138)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 28 (2023 - 28 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023
and 31 March 2024 46,400 28,322 46,200
DEPRECIATION
At 1 April 2023 21,741 16,024 29,597
Charge for year 2,466 3,074 4,151
At 31 March 2024 24,207 19,098 33,748
NET BOOK VALUE
At 31 March 2024 22,193 9,224 12,452
At 31 March 2023 24,659 12,298 16,603

PIRPA LIMITED (REGISTERED NUMBER: 08964138)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 47,640 7,780 176,342
DEPRECIATION
At 1 April 2023 24,708 6,611 98,681
Charge for year 5,733 292 15,716
At 31 March 2024 30,441 6,903 114,397
NET BOOK VALUE
At 31 March 2024 17,199 877 61,945
At 31 March 2023 22,932 1,169 77,661

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 12,995
DEPRECIATION
At 1 April 2023 7,513
Charge for year 1,370
At 31 March 2024 8,883
NET BOOK VALUE
At 31 March 2024 4,112
At 31 March 2023 5,482

5. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Rent deposit 17,000 17,000
Directors' current accounts - 13,055
VAT 6,826 18,892
Prepayments and accrued income 6,029 3,494
29,855 52,441

PIRPA LIMITED (REGISTERED NUMBER: 08964138)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. DEBTORS - continued
31.3.24 31.3.23
£    £   
Amounts falling due after more than one year:
Other debtors-Pirpa Int Ltd 264,092 160,795

Aggregate amounts 293,947 213,236

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 8) 9,103 22,759
Hire purchase contracts 3,210 2,713
Trade creditors 358,303 134,940
Tax 6,268 15,908
Social security and other taxes 2,847 544
Pension 1,051 849
Other creditors - 130,614
Pirpa International Ltd - 40,000
Directors' current accounts 18,285 -
399,067 348,327

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other loans (see note 8) 155,301 251,366
Hire purchase contracts 7,990 9,715
163,291 261,081

8. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 9,103 -
Bank loans <1 year - 22,759
9,103 22,759

Amounts falling due between two and five years:
Bounce Back Loan 22,592 32,614
Market Pool finance loan 132,709 218,752
155,301 251,366

PIRPA LIMITED (REGISTERED NUMBER: 08964138)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 11,770 15,276

Deferred
tax
£   
Balance at 1 April 2023 15,276
Provided during year (3,506 )
Balance at 31 March 2024 11,770

10. RELATED PARTY DISCLOSURES

During the year, Pirpa Ltd received loan of £40,000 from Pirpa International Ltd of which Mr Kemal Cagin is also the director.

11. ULTIMATE CONTROLLING PARTY



The company was under the control of Mr Kemal Cagin throughout the current year by virtue of his 100% shareholding.