PAPAYA TECHNOLOGIES LTD


Directors	SERRA, Renato Andre Marcelino
	TORBEY, Nadine
	URETA, Santi


Registered Address	Studio 304, 3rd Floor Mare Street Studios
	203-213 Mare Street, Hackney
	London
	E8 3JS


Registered Number	13894704 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		12,680		16,428
			12,680		16,428
Current assets
Debtors	4	160,761		135,594
Cash at bank and on hand		4,140,494		1,171,273
		4,301,255		1,306,867
Creditors amounts falling due within one year	5	(20,048)		(10,016)
Net current assets (liabilities)			4,281,207		1,296,851
Total assets less current liabilities			4,293,887		1,313,279
Net assets			4,293,887		1,313,279
Capital and reserves
Called up share capital			15		12
Share premium			6,996,012		3,000,007
Profit and loss account			(2,702,140)		(1,686,740)
Shareholders' funds			4,293,887		1,313,279

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 27 September 2025, and are signed on its behalf by:

SERRA, Renato Andre Marcelino
Director
Registered Company No. 13894704

PAPAYA TECHNOLOGIES LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

	Defined contribution pension plan
	The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Office Equipment	20

2.	Average number of employees


		2024		2023
	Average number of employees during the year	14		14

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 24	21,314	21,314
Additions	399	399
Disposals	(1,349)	(1,349)
At 31 December 24	20,364	20,364
Depreciation and impairment
At 01 January 24	4,886	4,886
Charge for year	3,121	3,121
On disposals	(323)	(323)
At 31 December 24	7,684	7,684
Net book value
At 31 December 24	12,680	12,680
At 31 December 23	16,428	16,428

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	48,632	22,198
Other debtors	107,961	103,150
Prepayments and accrued income	4,168	10,246
Total	160,761	135,594

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	11,737	1,179
Other creditors	7,172	4,794
Accrued liabilities and deferred income	1,139	4,043
Total	20,048	10,016

6.	Operating lease commitments
	The company has an operating lease commitment of £8,247 as at 31 December 2024 and all of this value is payable within one year.