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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
Page
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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
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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
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PAPA ONE LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
77,115 
74,017 
Cash at bank and in hand
2,063 
5,563 
79,178 
79,580 
Creditors: amounts falling due within one year
(7,149)
(6,147)
Net current assets
72,029 
73,433 
Net assets
72,029 
73,433 
Capital and reserves
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
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PAPA ONE LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The accounts have been prepared on a going concern basis.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
77 
941 
Amounts due from group undertakings etc.
- 
73,076 
Other debtors
817 
- 
894 
74,017 
Amounts falling due after more than one year
Other debtors
76,221 
- 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
5,736 
6,321 
Loans from directors
1,413 
(174)
7,149 
6,147 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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