REGISTERED NUMBER: 07868360 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

PAPA PLANS LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J M Horton

REGISTERED OFFICE:

Yew Tree Farm

Bickenhill

Solihull

West Midlands

B92 0DN

REGISTERED NUMBER:

07868360 (England and Wales)

FIXED ASSETS

Tangible assets

4

11,607

15,476

Investments

5

100

100

11,707

15,576

CURRENT ASSETS

Debtors

1,095,286

1,042,959

Cash at bank

7,370

16,913

1,102,656

1,059,872

CREDITORS

Amounts falling due within one year

530,029

439,121

NET CURRENT ASSETS

572,627

620,751

TOTAL ASSETS LESS CURRENT LIABILITIES

584,334

636,327

CREDITORS

Amounts falling due after more than one year

(3,766

)

(9,414

)

PROVISIONS FOR LIABILITIES

(2,205

)

(2,940

)

NET ASSETS

578,363

623,973

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

578,263

623,873

SHAREHOLDERS' FUNDS

578,363

623,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2025 and were signed by:

J M Horton - Director

1.	STATUTORY INFORMATION

Papa Plans Ltd 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.

Turnover

Turnover represents project management fees and the company's share of the results of it's investments, excluding value added tax.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Investments in associates

Investments in shares are included at cost less impairment.

Financial instruments

The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost, except for investments in shares which are included at cost less impairment. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Deferred tax represents the future tax consequences of material transactions and events recognised in the financial statements of current and previous periods.

Current and deferred tax assets and liabilities are not discounted and are 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

53,869

DEPRECIATION

At 1 April 2024

38,393

Charge for year

3,869

At 31 March 2025

42,262

NET BOOK VALUE

At 31 March 2025

11,607

At 31 March 2024

15,476

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 April 2024

and 31 March 2025

53,869

DEPRECIATION

At 1 April 2024

38,393

Charge for year

3,869

At 31 March 2025

42,262

NET BOOK VALUE

At 31 March 2025

11,607

At 31 March 2024

15,476

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2024

and 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

At 31 March 2024

100

6.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

5,648

5,648

Between one and five years

3,766

9,414

9,414

15,062

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

8.	RELATED PARTY DISCLOSURES

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.

During the year, the company entered into the following transactions with related parties:

Opening balance due from/(to

)

Net loan payments (from/to

)

Interest charged on loans

Closing balance due from/(to

)

Management charges paid from/(to

)

Shorton LLP

599,042

9,337

-

608,379

-

2 Degrees Living Ltd

162,979

(80,727

)

4,855

87,106

4,002

Willow Ridge Consultancy Ltd

521

-

-

521

-

JCMJ Ltd

160,972

4,191

-

165,163

-

Keystone Property Developments (WM) Ltd

34,405

8,779

1,709

44,893

-