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REGISTERED NUMBER: 04619030 (England and Wales)

Financial Statements For The Year Ended 31 January 2025

for

Paper Palace Limited

| Paper Palace Limited (Registered number: 04619030) |

Contents of the Financial Statements

For The Year Ended 31 January 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Certified Accountants' Report | 7 |

| Paper Palace Limited |

Company Information

For The Year Ended 31 January 2025

| DIRECTORS: | A R Round

| Mrs C Round

| G R Round

| Mrs S J Round

| SECRETARY: | G R Round

| REGISTERED OFFICE: | 13 Stourdale Road

| Cradley Heath

| West Midlands

| B64 7BG

| REGISTERED NUMBER: | 04619030 (England and Wales)

| ACCOUNTANTS: | Howell Dunn & Co Limited

| 13 Stourdale Road

| Cradley Heath

| West Midlands

| B64 7BG

| Paper Palace Limited (Registered number: 04619030) |

Balance Sheet

31 January 2025

| 2025 | 2024 |

| Notes | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,026 |  | 1,208 |  |

CURRENT ASSETS

Stocks | - |  | 1,500 |  |

Debtors | 5 | - |  | 1,392 |  |

Cash at bank | 46,205 |  | 52,761 |  |

46,205 |  | 55,653 |  |

CREDITORS

Amounts falling due within one year | 6 | 42,386 |  | 50,112 |  |

NET CURRENT ASSETS | 3,819 |  | 5,541 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,845 |  | 6,749 |  |

PROVISIONS FOR LIABILITIES | 7 | 190 |  | 222 |  |

NET ASSETS | 4,655 |  | 6,527 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 4,555 |  | 6,427 |  |

SHAREHOLDERS' FUNDS | 4,655 |  | 6,527 |  |

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

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

| Paper Palace Limited (Registered number: 04619030) |

Balance Sheet - continued

31 January 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2025 and were signed on its behalf by:

G R Round - Director

| Paper Palace Limited (Registered number: 04619030) |

Notes to the Financial Statements

For The Year Ended 31 January 2025

1. | STATUTORY INFORMATION

| Paper Palace 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.

| Significant judgements and estimates

| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

| Turnover

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

| Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the cost incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

| Tangible fixed assets

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

| Office equipment | - | 15% on reducing balance

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

| Paper Palace Limited (Registered number: 04619030) |

Notes to the Financial Statements - continued

For The Year Ended 31 January 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme with the assets held in a separately administered fund. Once the contributions have been paid, the company has no further payment obligations. The contributions payable to the company's pension scheme are charged to profit and 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 receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Statement of comprehensive income in other administrative expenses.

| Cash and cash equivalents

| Cash and cash equivalents include cash in hand and deposits held at call with banks.

| Impairment

| Assets not valued 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 the statement of comprehensive income.

| Provisions

| Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

| Employee benefits

| When employees have rendered service to the company, short term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

| The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 4 ) .

| Paper Palace Limited (Registered number: 04619030) |

Notes to the Financial Statements - continued

For The Year Ended 31 January 2025

4. | TANGIBLE FIXED ASSETS

| Office

| equipment

£ |

| COST

| At 1 February 2024

| and 31 January 2025 | 2,767 |  |

| DEPRECIATION

| At 1 February 2024 | 1,559 |  |

| Charge for year | 182 |  |

| At 31 January 2025 | 1,741 |  |

| NET BOOK VALUE

| At 31 January 2025 | 1,026 |  |

| At 31 January 2024 | 1,208 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | - |  | 1,392 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 10,200 |  | 9,728 |  |

| Taxation and social security | 4,107 |  | 7,653 |  |

| Other creditors | 28,079 |  | 32,731 |  |

42,386 |  | 50,112 |  |

7. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 190 |  | 222 |  |

| Deferred |

| tax |

£ |

| Balance at 1 February 2024 | 222 |  |

| Credit to Statement of Income and Retained Earnings during year | (32 | ) |

| Balance at 31 January 2025 | 190 |  |

8. | ULTIMATE CONTROLLING PARTY

| The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.

Chartered Certified Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Paper Palace Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Paper Palace Limited for the year ended 31 January 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Paper Palace Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Paper Palace Limited and state those matters that we have agreed to state to the Board of Directors of Paper Palace Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Paper Palace Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Paper Palace Limited. You consider that Paper Palace Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Paper Palace Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Howell Dunn & Co Limited

13 Stourdale Road

Cradley Heath

West Midlands

B64 7BG

22 October 2025