Papacat Limited
Company Information
for the year ended 31 March 2025
Company Number
09761829 (England and Wales)
Registered Office
Clover Cottage, Manor Road
Sandford St Martin
Chipping Norton
Oxfordshire
OX7 7AG
Papacat Limited
Statement of financial position
as at 31 March 2025
Investment property
410,000
416,000
Investments
711,598
668,193
Cash at bank and in hand
251,507
376,392
Creditors: amounts falling due within one year
(2,641)
(2,448)
Net current assets
963,400
1,043,112
Total assets less current liabilities
1,393,488
1,459,112
Provisions for liabilities
Deferred tax
(28,160)
(29,660)
Net assets
1,365,328
1,429,452
Called up share capital
120
120
Share premium
224,925
224,925
Profit and loss account
1,140,283
1,204,407
Shareholders' funds
1,365,328
1,429,452
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 December 2025 and were signed on its behalf by
Paul Catling
Director
Company Registration No. 09761829
Papacat Limited
Notes to the Accounts
for the year ended 31 March 2025
Papacat Limited is a private company, limited by shares, registered in England and Wales, registration number 09761829. The registered office is Clover Cottage, Manor Road, Sandford St Martin, Chipping Norton, Oxfordshire, OX7 7AG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
Fair value at 1 April 2024
416,000
Net loss from fair value adjustments
(6,000)
The investment properties are stated on the basis of a valuation by Cross Estates, estate agents of St Ives, Cornwall, where the investment properties are situated,
Papacat Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Accrued income and prepayments
202
-
7
Investments held as current assets
2025
2024
Listed investments
711,598
668,193
8
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
512
1,519
9
Deferred taxation
2025
2024
Revaluation of investment property
28,160
29,660
Provision at start of year
29,660
-
(Credited)/charged to the profit and loss account
(1,500)
29,660
Provision at end of year
28,160
29,660
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Advance to director
975
101,609
99,850
2,734
£101,609 was advanced to the director during the year. The maximum balance in the period was £97,825 and £99,850 was repaid. The balance at 31 March 2025 owed to the company was £2734 which was repaid in October 2025. Interest was charged and paid at the HMRC rate.
11
Average number of employees
During the year the average number of employees was 0 (2024: 0).
Papacat Limited
Notes to the Accounts
for the year ended 31 March 2025
12
Reconciliations on adoption of FRS 102
Reconciliation of equity
1 April 2023
31 March 2024
Capital and reserves (as previously stated)
1,463,530
1,406,866
Revaluation of investment properties
125,640
118,640
Fair value adjustment on quoted investments
(31,410)
(66,394)
Provision for deferred tax
(27,262)
(29,660)
Capital and reserves (as restated)
1,530,498
1,429,452
The above adjustments arise on transition of the company's acounting from FRS 105 to FRS 102 with investment properties and quoted investments shown at fair value with deferred tax arising on the increase in valuations.
Reconciliation of profit or loss for the year
31 March 2024
Profit for the year (as previously stated)
16,151
Revaluation of investment properties
118,640
Fair value adjustment on quoted investments
(66,394)
Deferred tax provision
(29,660)
Profit for the year (as restated)
38,737