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Company Registration No. 05735096 (England and Wales)
Paper Properties Limited Unaudited accounts for the year ended 31 March 2025
Paper Properties Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Paper Properties Limited Company Information for the year ended 31 March 2025
Directors
Stephen John Charles Baldwin Adrian Colin Saunders Scott Ashley Hazeldine
Secretary
Adrian Colin Saunders
Company Number
05735096 (England and Wales)
Registered Office
Adrenalin House Brooklands Park Farningham Road Crowborough East Sussex TN6 2JD United Kingdom
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Paper Properties Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
423,574
436,340
Investments
5
(139,887)
(142,491)
283,687
293,849
Current assets
Debtors
6
6,838
12,295
Cash at bank and in hand
4,448
5,767
11,286
18,062
Creditors: amounts falling due within one year
7
(238,900)
(241,994)
Net current liabilities
(227,614)
(223,932)
Net assets
56,073
69,917
Capital and reserves
Called up share capital
8
180
180
Revaluation reserve
(71,080)
(71,080)
Profit and loss account
126,973
140,817
Shareholders' funds
56,073
69,917
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2025 and were signed on its behalf by
Stephen John Charles Baldwin Director Company Registration No. 05735096
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Paper Properties Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Paper Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 05735096. The registered office is Adrenalin House Brooklands Park, Farningham Road, Crowborough, East Sussex, TN6 2JD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover represents rent receivable.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land & buildings
in accordance with the property
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The financial statements have been prepared on a going concern basis. The directors have considered the company’s forecasts and available financing and, having made appropriate enquiries, have a reasonable expectation that the company has adequate resources to continue in operational existence for at least twelve months from the date of approval of these financial statements. Accordingly, the going concern basis of preparation remains appropriate.
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Paper Properties Limited Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 April 2024
600,000
At 31 March 2025
600,000
Depreciation
At 1 April 2024
163,660
Charge for the year
12,766
At 31 March 2025
176,426
Net book value
At 31 March 2025
423,574
At 31 March 2024
436,340
2025
2024
£
£
Carrying amount of land and buildings on cost basis
600,000
600,000
'Freehold properties' have been valued as at 31 March 2015 by the director of the company. The valuation is considered to be the current market value for the property concerned taking into account the current rental status of the properties and the income arising.
5
Investments
Other investments
£
Valuation at 1 April 2024
(142,491)
Additions
2,604
Valuation at 31 March 2025
(139,887)
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
6,838
6,600
Other debtors
-
5,695
6,838
12,295
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
3,302
3,188
Trade creditors
1,601
2,988
Taxes and social security
11,058
12,881
Other creditors
222,439
222,437
Accruals
500
500
238,900
241,994
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Paper Properties Limited Notes to the Accounts for the year ended 31 March 2025
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
180 Ordinary shares of £1 each
180
180
9
Transactions with related parties
For the period under review, the company was controlled by its directors. The company has the following balances with related parties under common ownership and control: Manic Paintball Europe LLP: Debtor of £11,000 (2024: £11,000) representing a refundable deposit. Draxxus Direct Ltd: Creditor of £207,841 (2024: £207,841) representing a loan advanced to the company. Both balances are unsecured, interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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