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REGISTERED NUMBER: 05101078 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PAPER PROJECT ARCHITECTURE AND DESIGN
LIMITED
PAPER PROJECT ARCHITECTURE AND DESIGN
LIMITED (REGISTERED NUMBER: 05101078)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PAPER PROJECT ARCHITECTURE AND DESIGN
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: M G Avendano Vargas
B B Elsdon





REGISTERED OFFICE: 4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU





REGISTERED NUMBER: 05101078 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU
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PAPER PROJECT ARCHITECTURE AND DESIGN
LIMITED (REGISTERED NUMBER: 05101078)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,452 59,621

CURRENT ASSETS
Debtors 5 50,547 51,207
Cash at bank 69,694 84,328
120,241 135,535
CREDITORS
Amounts falling due within one year 6 47,906 52,302
NET CURRENT ASSETS 72,335 83,233
TOTAL ASSETS LESS CURRENT
LIABILITIES
117,787
142,854

CREDITORS
Amounts falling due after more than one
year
7
(28,460
)
(44,073
)

PROVISIONS FOR LIABILITIES 8 (11,363 ) (14,905 )
NET ASSETS 77,964 83,876

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings 77,934 83,846
SHAREHOLDERS' FUNDS 77,964 83,876

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 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 notes form part of these financial statements

-2-
PAPER PROJECT ARCHITECTURE AND DESIGN
LIMITED (REGISTERED NUMBER: 05101078)

BALANCE SHEET - continued
31 MARCH 2025


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:




M G Avendano Vargas - Director



B B Elsdon - Director


The notes form part of these financial statements

-3-
PAPER PROJECT ARCHITECTURE AND DESIGN
LIMITED (REGISTERED NUMBER: 05101078)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Paper Project Architecture And Design 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from services is recognised when the service is provided and the right to consideration earned. To the extent that a service is provided to third parties but no billing made, the amount is recognised as revenue and recorded as accrued income. Billings made in advance of services being provided are recognised as deferred income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

-4-
PAPER PROJECT ARCHITECTURE AND DESIGN
LIMITED (REGISTERED NUMBER: 05101078)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 28,715 59,500 51,382 139,597
Additions 242 - 572 814
At 31 March 2025 28,957 59,500 51,954 140,411
DEPRECIATION
At 1 April 2024 21,902 18,516 39,558 79,976
Charge for year 1,734 10,246 3,003 14,983
At 31 March 2025 23,636 28,762 42,561 94,959
NET BOOK VALUE
At 31 March 2025 5,321 30,738 9,393 45,452
At 31 March 2024 6,813 40,984 11,824 59,621

-5-
PAPER PROJECT ARCHITECTURE AND DESIGN
LIMITED (REGISTERED NUMBER: 05101078)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024
and 31 March 2025 59,500
DEPRECIATION
At 1 April 2024 18,516
Charge for year 10,246
At 31 March 2025 28,762
NET BOOK VALUE
At 31 March 2025 30,738
At 31 March 2024 40,984

5. DEBTORS
2025 2024
£    £   
Amounts falling due within one year:
Trade debtors 6,891 56
Other debtors 34,695 42,190
41,586 42,246

Amounts falling due after more than one year:
Other debtors 8,961 8,961

Aggregate amounts 50,547 51,207

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 9,001 8,779
Hire purchase contracts 6,616 6,616
Trade creditors 59 3,984
Taxation and social security 24,075 26,303
Other creditors 8,155 6,620
47,906 52,302

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 1,521 10,518
Hire purchase contracts 26,939 33,555
28,460 44,073

-6-
PAPER PROJECT ARCHITECTURE AND DESIGN
LIMITED (REGISTERED NUMBER: 05101078)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


8. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 11,363 14,905

Deferred
tax
£   
Balance at 1 April 2024 14,905
Credit to Income Statement during year (3,542 )
Balance at 31 March 2025 11,363

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the directors owed the company £27,917 (2024: £26,550). The loan is not secured, bears interest at 2.25% and has no repayment terms.

-7-