Company Registration No. 11256582 (England and Wales)
PAPA ONE LTD
Unaudited accounts
for the year ended 31 March 2024
PAPA ONE LTD
Unaudited accounts
Contents
PAPA ONE LTD
Company Information
for the year ended 31 March 2024
Directors
Luis Enrique Novella
Adam Smith
Company Number
11256582 (England and Wales)
Registered Office
118 PALL MALL
LONDON
SW1Y 5EA
UNITED KINGDOM
Accountants
Arth Limited
655 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of PAPA ONE LTD for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
PAPA ONE LTD for the year ended
31 March 2024 as set out on pages
5 -
6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of PAPA ONE LTD, as a body, in accordance with the terms of our engagement letter dated 13 April 2023. Our work has been undertaken solely to prepare for your approval the accounts of PAPA ONE LTD and state those matters that we have agreed to state to the Board of Directors of PAPA ONE LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PAPA ONE LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that PAPA ONE LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of PAPA ONE LTD. You consider that PAPA ONE LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of PAPA ONE LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Arth Limited
Chartered Accountants
655 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
28 November 2024
PAPA ONE LTD
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
2,063
5,563
Creditors: amounts falling due within one year
(7,149)
(6,147)
Net current assets
72,029
73,433
Called up share capital
2,086
2,086
Share premium
698,635
698,635
Profit and loss account
(628,692)
(627,288)
Shareholders' funds
72,029
73,433
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by
Luis Enrique Novella
Director
Company Registration No. 11256582
PAPA ONE LTD
Notes to the Accounts
for the year ended 31 March 2024
PAPA ONE LTD is a private company, limited by shares, registered in England and Wales, registration number 11256582. The registered office is 118 PALL MALL, LONDON, SW1Y 5EA, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The accounts have been prepared on a going concern basis.
Amounts falling due within one year
Amounts due from group undertakings etc.
-
73,076
Amounts falling due after more than one year
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
5,736
6,321
Loans from directors
1,413
(174)
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).