Papco Paper Trading Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 04785484

		2024		2023
	Notes	$	$	$	$
Creditors: Amounts Falling Due Within One Year	4	(1,916 )		(1,916 )

NET CURRENT ASSETS (LIABILITIES)			(1,916 )		(1,916 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,916 )		(1,916 )

NET LIABILITIES			(1,916 )		(1,916 )

CAPITAL AND RESERVES
Called up share capital	5		1,752		1,752
Profit and Loss Account			(3,668 )		(3,668 )

SHAREHOLDERS' FUNDS			(1,916)		(1,916)

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Ms Vania Casini

Director

24/12/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Papco Paper Trading Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04785484 . The registered office is Birchin Court, 20 Birchin Lane, London, EC3V 9DJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below. The accounting policies have been consistently applied within the financial statements.

The company's functional and presentation currency is US dollar.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis. The company has obtained undertakings from its shareholders that they will continue to support the company for the foreseeable future and meet all third party liabilities as they fall due. Given this undertaking, the directors consider it appropriate to adopt a going concern basis in preparing the financial statements

2.3. Financial Instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and financial liabilities are recognised initially at fair value. Financial assets are reduced for

provision, for impairment, if required.

2.4. Foreign Currencies

Assets and liabilities in foreign currencies are translated into US dollars at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into US dollars at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.5. 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.

2.6. Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Creditors: Amounts Falling Due Within One Year

	2024	2023
	$	$
Other creditors	1,916	1,916

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Papco Paper Trading Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Share Capital

	2024	2023
	$	$
Allotted, Called up and fully paid	1,752	1,752

Allotted, issued and fully paid 2 ordinary shares in £500 nominal values each.

6. Ultimate Controlling Party

The company's ultimate controlling party is Memmi Giacomina Fava

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