| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2024 |
| FOR |
| PAPAS INVESTMENTS & PROPERTIES LTD |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the director and authorised for issue on |
| 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 |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the 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. |
| 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 |
| 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 |
| DEPRECIATION |
| At 1 April 2023 |
| and 31 March 2024 |
| NET BOOK VALUE |
| At 31 March 2024 |
| At 31 March 2023 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.24 | 31.3.23 |
| £ | £ |
| Tax |
| Directors' loan accounts |
| Accrued expenses |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.3.24 | 31.3.23 |
| £ | £ |
| Other loans (see note 7) |
| 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 |
| 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: | £ | £ |
| Ordinary A Class | £1 | 100 | 100 |
| 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. |