REGISTERED NUMBER: 05307297 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

PAPAS (UK) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A Papa-Adams

Mrs C Papa-Adams

SECRETARY:

A Papa-Adams

REGISTERED OFFICE:

573 Chester Road

Sutton Coldfield

West Midlands

B73 5HU

REGISTERED NUMBER:

05307297 (England and Wales)

ACCOUNTANTS:

A K Papadamou & Co

Accountants & Tax Advisors

573 Chester Road

Sutton Coldfield

West Midlands

B73 5HU

BANKERS:

Lloyds Bank

PO Box 1000

Andover

BX1 1LT

FIXED ASSETS

Intangible assets

4

300,000

330,000

Tangible assets

5

11,565

9,463

311,565

339,463

CURRENT ASSETS

Stocks

4,528

2,862

Debtors

6

497,120

465,988

Cash at bank

221,939

262,545

723,587

731,395

CREDITORS

Amounts falling due within one year

7

165,673

161,020

NET CURRENT ASSETS

557,914

570,375

TOTAL ASSETS LESS CURRENT LIABILITIES

869,479

909,838

CREDITORS

Amounts falling due after more than one year

8

189,009

201,477

NET ASSETS

680,470

708,361

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

679,470

707,361

SHAREHOLDERS' FUNDS

680,470

708,361

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2026 and were signed on its behalf by:

A Papa-Adams - Director

1.	STATUTORY INFORMATION

Papas (UK) 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Stocks

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

600,000

AMORTISATION

At 1 April 2024

270,000

Amortisation for year

30,000

At 31 March 2025

300,000

NET BOOK VALUE

At 31 March 2025

300,000

At 31 March 2024

330,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

95,979

Additions

4,993

At 31 March 2025

100,972

DEPRECIATION

At 1 April 2024

86,516

Charge for year

2,891

At 31 March 2025

89,407

NET BOOK VALUE

At 31 March 2025

11,565

At 31 March 2024

9,463

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

497,120

465,988

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

11,711

10,953

Trade creditors

77,845

57,165

Taxation and social security

68,764

68,814

Other creditors

7,353

24,088

165,673

161,020

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

189,009

201,477

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

153,875

157,665

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

200,720

212,430

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr A and Mrs C Papa Adams.