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REGISTERED NUMBER: 11400269 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 May 2024

for

Papcastle Limited

Papcastle Limited (Registered number: 11400269)






Contents of the Financial Statements
for the Year Ended 30 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Papcastle Limited

Company Information
for the Year Ended 30 May 2024







DIRECTOR: Mr J Bird





REGISTERED OFFICE: Solent House
107a Alma Road
Portswood
Southampton
SO14 6UY





REGISTERED NUMBER: 11400269 (England and Wales)





ACCOUNTANTS: Thomas Croft Limited
Accountants And Taxation Consultants
Solent House
107a Alma Road
Portswood
Southampton
Hampshire
SO14 6UY

Papcastle Limited (Registered number: 11400269)

Balance Sheet
30 May 2024

30.5.24 30.5.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 931,685 931,685

CURRENT ASSETS
Debtors 5 888,821 758,290
Cash at bank 6 50,139
888,827 808,429
CREDITORS
Amounts falling due within one year 6 1,290,501 1,060,286
NET CURRENT LIABILITIES (401,674 ) (251,857 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

530,011

679,828

CREDITORS
Amounts falling due after more than one
year

7

536,711

671,500
NET (LIABILITIES)/ASSETS (6,700 ) 8,328

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (6,800 ) 8,228
SHAREHOLDERS' FUNDS (6,700 ) 8,328

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Papcastle Limited (Registered number: 11400269)

Balance Sheet - continued
30 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 September 2025 and were signed by:





Mr J Bird - Director


Papcastle Limited (Registered number: 11400269)

Notes to the Financial Statements
for the Year Ended 30 May 2024

1. STATUTORY INFORMATION

Papcastle 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.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 31 May 2023
and 30 May 2024 931,685
NET BOOK VALUE
At 30 May 2024 931,685
At 30 May 2023 931,685

Papcastle Limited (Registered number: 11400269)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.5.24 30.5.23
£    £   
Other debtors 290,975 303,975
Directors' current accounts 449,145 341,832
Sch 455 tax charge 148,661 112,443
Prepayments 40 40
888,821 758,290

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.5.24 30.5.23
£    £   
Trade creditors 2,587 1,332
Corporation tax 121,997 164,097
Social security and other taxes 21,536 18,278
Other creditors 1,143,133 875,379
Accrued expenses 1,248 1,200
1,290,501 1,060,286

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.5.24 30.5.23
£    £   
Other loans - 1-2 years 536,711 671,500

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.5.24 30.5.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 31 May 2023 8,228
Deficit for the year (15,028 )
At 30 May 2024 (6,800 )

Papcastle Limited (Registered number: 11400269)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 May 2024 and the period ended 30 May 2023:

30.5.24 30.5.23
£    £   
Mr J Bird
Balance outstanding at start of year 341,832 259,854
Amounts advanced 112,637 118,854
Amounts repaid (5,325 ) (36,876 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 449,144 341,832

11. RELATED PARTY DISCLOSURES

The company was under the control of Mr J Bird throughout the current period. Mr J Bird is the managing director and majority shareholder.

During the year the company was owed money by Lorton Entertainment Limited of £288,800 (2023 : £288,800)..

Included within "other creditor's" are amounts owed to Lorton Sports Production Limited £17,038 (2023: £16,539) Wilshire Entertainment Limited £765,117 (2023: £571,867), Lorton International Sales Limited £4,500 (2023: £4,500), Wilshire Ventures Limited £285,426 (2023: £245,924) and Lorton Distribution Limited £22,500 (2023: £Nil).

Mr J Bird is a director of all the above named companies and holds a beneficial interest or Voting rights in them.