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REGISTERED NUMBER: 04395073 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PAPAS INVESTMENTS & PROPERTIES LTD

PAPAS INVESTMENTS & PROPERTIES LTD (REGISTERED NUMBER: 04395073)

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


PAPAS INVESTMENTS & PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs D Papakyriacou





REGISTERED OFFICE: 64 Beech Hill
Hadley Wood
Herts
London
EN4 0JJ





REGISTERED NUMBER: 04395073 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

PAPAS INVESTMENTS & PROPERTIES LTD (REGISTERED NUMBER: 04395073)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 4,884,036 4,884,036

CURRENT ASSETS
Cash at bank 337,816 226,028

CREDITORS
Amounts falling due within one year 5 59,176 76,961
NET CURRENT ASSETS 278,640 149,067
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,162,676

5,033,103

CREDITORS
Amounts falling due after more than one
year

6

4,528,353

4,528,353
NET ASSETS 634,323 504,750

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 634,223 504,650
SHAREHOLDERS' FUNDS 634,323 504,750

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 her 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.

PAPAS INVESTMENTS & PROPERTIES LTD (REGISTERED NUMBER: 04395073)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 May 2025 and were signed by:





Mrs D Papakyriacou - Director


PAPAS INVESTMENTS & PROPERTIES LTD (REGISTERED NUMBER: 04395073)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Papas Investments & Properties 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.

Investment property
Individual freehold and leasehold properties are revalued every three years with surplus or deficit on book value being transferred to revaluation reserve, unless a deficit ( or its reversal ) is expected to be permanent, in which case it is charged ( or credited ) to the profit and loss account.Where depreciation charges are increased following a revaluation, an amount equal to the increase is transferred annually from revaluation reserve to the profit and loss account as a movement on reserves. On disposal of revalued asset, any related balance in the revaluation reserve is also transferred to profit and loss account as a movement on reserves.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

PAPAS INVESTMENTS & PROPERTIES LTD (REGISTERED NUMBER: 04395073)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Motor Computer
property property vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 4,752,661 131,375 8,852 3,065 4,895,953
DEPRECIATION
At 1 April 2023
and 31 March 2024 - - 8,852 3,065 11,917
NET BOOK VALUE
At 31 March 2024 4,752,661 131,375 - - 4,884,036
At 31 March 2023 4,752,661 131,375 - - 4,884,036

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 41,615 16,609
Directors' loan accounts 13,361 56,752
Accrued expenses 4,200 3,600
59,176 76,961

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other loans (see note 7) 4,528,353 4,528,353

7. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 4,528,353 4,528,353

PAPAS INVESTMENTS & PROPERTIES LTD (REGISTERED NUMBER: 04395073)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
48 Ordinary A Class £1 100 100
52 Ordinary £1 - -
100 100

9. ULTIMATE CONTROLLING PARTY

Throughout the year the company was under the control of its director D Papakyriacou by virtue of the fact of controlling the entire issued " A " shares of the company.