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REGISTERED NUMBER: 07015750 (England and Wales)















PAPO UK LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024






PAPO UK LIMITED (REGISTERED NUMBER: 07015750)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PAPO UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: Ms M Schwoerer





SECRETARY: Ms M Schwoerer





REGISTERED OFFICE: Marston House
5 Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL





REGISTERED NUMBER: 07015750 (England and Wales)





AUDITORS: Sephton & Company LLP
Chartered Certified Accountants
Statutory Auditors
Marston House
5 Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL

PAPO UK LIMITED (REGISTERED NUMBER: 07015750)

BALANCE SHEET
31 DECEMBER 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,222 19,215

CURRENT ASSETS
Stocks 16,181 13,190
Debtors 5 279,865 356,671
Cash at bank and in hand 129,438 69,122
425,484 438,983
CREDITORS
Amounts falling due within one year 6 170,655 209,776
NET CURRENT ASSETS 254,829 229,207
TOTAL ASSETS LESS CURRENT
LIABILITIES

272,051

248,422

PROVISIONS FOR LIABILITIES 3,519 3,843
NET ASSETS 268,532 244,579

CAPITAL AND RESERVES
Called up share capital 1,001 1,001
Retained earnings 267,531 243,578
SHAREHOLDERS' FUNDS 268,532 244,579

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2025 and were signed by:





Ms M Schwoerer - Director


PAPO UK LIMITED (REGISTERED NUMBER: 07015750)

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


1. STATUTORY INFORMATION

Papo UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The majority of sales of goods are recognised on sale to the customer, which is considered the point of being despatched.

Goods sold under sale or return are recognised as a sale at the point they are sold by the retailer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Display equipment - 33% on cost
Computer equipment - 33% on cost

PAPO UK LIMITED (REGISTERED NUMBER: 07015750)

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


2. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to estimated selling price less costs to sell and all losses of stock are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stock is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, cash and bank balances, loans to or from related parties and current asset investments. All such instruments are measured initially and subsequently at the transaction price.
At the end of each reporting period debt financial assets are assessed for impairment, and their carrying value reduced if necessary. Any impairment is recognised in the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Leasing commitments
Rentals paid under operating leases are charged to the profit and loss account 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.

PAPO UK LIMITED (REGISTERED NUMBER: 07015750)

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


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Display Computer
equipment equipment Totals
£    £    £   
COST
At 1 January 2024 48,902 820 49,722
Additions 15,818 - 15,818
Disposals (11,287 ) (820 ) (12,107 )
At 31 December 2024 53,433 - 53,433
DEPRECIATION
At 1 January 2024 29,687 820 30,507
Charge for year 17,811 - 17,811
Eliminated on disposal (11,287 ) (820 ) (12,107 )
At 31 December 2024 36,211 - 36,211
NET BOOK VALUE
At 31 December 2024 17,222 - 17,222
At 31 December 2023 19,215 - 19,215

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 247,693 335,582
Other debtors 32,172 21,089
279,865 356,671

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade creditors 109,394 115,142
Amounts owed to group undertakings 15,864 58,465
Taxation and social security 21,423 9,291
Other creditors 23,974 26,878
170,655 209,776

PAPO UK LIMITED (REGISTERED NUMBER: 07015750)

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


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/12/24 31/12/23
£    £   
Within one year 6,922 6,922
Between one and five years 5,768 12,690
12,690 19,612

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Douglas Connell (Senior Statutory Auditor)
for and on behalf of Sephton & Company LLP

9. ULTIMATE PARENT COMPANY

The ultimate holding company was SAS Papo La Maison Des Figurines, a company registered in France.

The Parent company's address is 2 Rue du bourdonnais, Z.I. La Petite Montagne Sud - CE.1829, 91018 EVRY Cedex - France.

Consolidated financial statements are available from the above address.