| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 |
| FOR |
| PAPPU DOSA LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 |
| FOR |
| PAPPU DOSA LIMITED |
| PAPPU DOSA LIMITED (REGISTERED NUMBER: 14465949) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| PAPPU DOSA LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 NOVEMBER 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Room 73 |
| Wrest House |
| Wrest Park |
| Silsoe |
| Bedfordshire |
| MK45 4HR |
| PAPPU DOSA LIMITED (REGISTERED NUMBER: 14465949) |
| BALANCE SHEET |
| 30 NOVEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| PAPPU DOSA LIMITED (REGISTERED NUMBER: 14465949) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Pappu Dosa Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The comparatives relate to the period 7th November 2022 to 30th November 2023. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery | - |
| Motor vehicles | - |
| Computer equipment | - |
| The freehold property is stated at an open market value in the opinion of the directors. As such no depreciation has been charged in respect of this class of asset in the year and no deferred tax has been provided on any future sale as the base cost of the property remains consistent with the current open market value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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. |
| 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. |
| Other grant income receivable |
| Grants relating to income are recognised in the statement of income and retained earnings on a systematic basis over the periods in which the related costs are incurred. Where grant income has been received but the related expenditure has not yet been incurred, the grant is deferred and recognised as deferred income on the balance sheet. |
| PAPPU DOSA LIMITED (REGISTERED NUMBER: 14465949) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 NOVEMBER 2024 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Plant and | and |
| property | machinery | fittings |
| £ | £ | £ |
| Cost |
| At 1 December 2023 |
| Additions |
| At 30 November 2024 |
| Depreciation |
| At 1 December 2023 |
| Charge for year |
| At 30 November 2024 |
| Net book value |
| At 30 November 2024 |
| At 30 November 2023 |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| Cost |
| At 1 December 2023 |
| Additions |
| At 30 November 2024 |
| Depreciation |
| At 1 December 2023 |
| Charge for year |
| At 30 November 2024 |
| Net book value |
| At 30 November 2024 |
| At 30 November 2023 |
| The freehold property is stated at an open market value in the opinion of the directors. As such no depreciation has been charged in respect of this class of asset in the year and no deferred tax has been provided on any future sale as the base cost of the property remains consistent with the current open market value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Tax |
| VAT |
| Prepayments and accrued income |
| PAPPU DOSA LIMITED (REGISTERED NUMBER: 14465949) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 NOVEMBER 2024 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Other loans |
| Hire purchase contracts |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| VAT | 19,250 | - |
| Other creditors |
| Directors' loan account | 2,205 | 9,644 |
| The freehold property is secured by way of two separate legal charges forming a deed, incorporating both a fixed and floating charge on the assets and undertakings of the company in favour of the lender, with interest being charged at a prevailing rate of 5% per annum. |
| Other loans and creditors are charged at a prevailing annual interest rate of 22% and 10% respectively. |
| Obligations under hire purchase are secured on the assets concerned. |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans - 1-2 years |
| Other loans - 1-2 years |
| Hire purchase contracts |
| The freehold property is secured by way of two separate legal charges forming a deed, incorporating both a fixed and floating charge on the assets and undertakings of the company in favour of the lender, with interest being charged at a prevailing rate of 5% per annum. |
| Other loans and creditors are charged at a prevailing annual interest rate of 22% and 10% respectively. |
| Obligations under hire purchase are secured on the assets concerned. |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | 1 | 1 | 1 |
| Ordinary A | 1 | 1 | 1 |
| 2 | 2 |
| Both share classes rank pari passu in all respects. |
| PAPPU DOSA LIMITED (REGISTERED NUMBER: 14465949) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 NOVEMBER 2024 |
| 9. | RELATED PARTY DISCLOSURES |
| At the balance sheet date an amount of £2,205 (2023: £9,644) was due from the company to T R Darling Rushworth, director. No interest has been charged on this balance during the year (2023: £Nil), and there are no set repayment terms in place. |
| Within other debtors is an amount of £5,861 due from Pappu Vada Pav Ltd, a company under common control. No interest has been charged on this balance during the year (2023: £Nil), and there are no set repayment terms in place. |
| During the period, £57,495 was recharged to Pappu Vada Pav Ltd as part of a restructure of operations. |