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REGISTERED NUMBER: 04278459 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

Paps Enterprises Limited

Paps Enterprises Limited (Registered number: 04278459)

Contents of the Financial Statements

for the Year Ended 30 September 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Paps Enterprises Limited

Company Information

for the Year Ended 30 September 2025

| DIRECTORS: | Mrs P Papapavlou

| Mr M Papapavlou

| REGISTERED OFFICE: | 56 Old Park Road South

| Enfield

| Middlesex

| EN2 7DB

| REGISTERED NUMBER: | 04278459 (England and Wales)

| ACCOUNTANTS: | CAS MCGEE LTD

| Chartered Certified Accountants

| 130A Darkes Lane

| Potters Bar

| Hertfordshire

| EN6 1AF

Paps Enterprises Limited (Registered number: 04278459)

Balance Sheet

30 September 2025

| 30.9.25 |  | 30.9.24

| Notes | £ | £ |

CURRENT ASSETS

Investments | 5 | 62,140 |  | 62,140 |  |

Cash at bank and in hand | 34,597 |  | 34,597 |  |

96,737 |  | 96,737 |  |

CREDITORS

Amounts falling due within one year | 6 | 5,575 |  | 5,465 |  |

NET CURRENT ASSETS | 91,162 |  | 91,272 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 91,162 |  | 91,272 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 100 |  | 100 |  |

Retained earnings | 8 | 91,062 |  | 91,172 |  |

SHAREHOLDERS' FUNDS | 91,162 |  | 91,272 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 2 June 2026 and were signed on its behalf by:

Mr M Papapavlou - Director

Paps Enterprises Limited (Registered number: 04278459)

Notes to the Financial Statements

for the Year Ended 30 September 2025

1. | STATUTORY INFORMATION

| Paps Enterprises 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.

| The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

| Tangible fixed assets

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

| Plant and machinery | - | 25% on cost

| 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.

| Presentation currency

| The accounts are presented in GBP £ sterling.

3. | EMPLOYEES AND DIRECTORS

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

Paps Enterprises Limited (Registered number: 04278459)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

£ |

| COST

| At 1 October 2024

| and 30 September 2025 | 7,649 |  |

| DEPRECIATION

| At 1 October 2024

| and 30 September 2025 | 7,649 |  |

| NET BOOK VALUE

| At 30 September 2025 | - |  |

| At 30 September 2024 | - |  |

5. | CURRENT ASSET INVESTMENTS

| 30.9.25 |  | 30.9.24

£ | £ |

| Unlisted investments | 62,140 |  | 62,140 |  |

| Unlisted Investments relates to Ordinary shares in "Power Snooker Group Ltd". These shares are valued by the directors at cost at the date of acquisition.

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

| 30.9.25 |  | 30.9.24

£ | £ |

| Directors' current accounts | 5,133 |  | 5,133 |  |

| Accrued expenses | 442 |  | 332 |  |

5,575 |  | 5,465 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.9.25 |  | 30.9.24

| value: | £ | £ |

| 100 | Ordinary shares | £1.00 | 100 |  | 100 |  |

8. | RESERVES

| Retained

| earnings

£ |

| At 1 October 2024 | 91,172 |  |

| Deficit for the year | (110 | ) |

| At 30 September 2025 | 91,062 |  |

Paps Enterprises Limited (Registered number: 04278459)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

9. | EVENTS AFTER THE REPORTING PERIOD

| There were no essential either adjusting events or non-adjusting events in the period of time elapsing between the balance sheet date and the date on which these financial statements are prepared. The impact of COVID-19 is described in the Going Concern Consideration Note.

| The ongoing Russia-Ukraine conflict has resulted in going concern becoming a significant risk. The United States and Europe have avoided direct military conflict with Russia amid its conflict with Ukraine. They have however used a set of financial sanctions to limit Russia's access to financial resources. The impact of the sanctions may result in difficulties for the company to operate. Neither Paps Enterprises Limited nor the owners are currently on the sanctions list at the time of this report, however this may change as the situation changes.

| The ongoing Israel-Gaza conflict has resulted in no major impact to cause significant operational risks and that the company continues to assess the nature and extent of any risks and uncertainties arising from these events.

10. | GOING CONCERN CONSIDERATION

| The Company's management does not see a severe impact of COVID-19 outbreak to its activity. The Company tested the financial impact on the following areas of financial statements that can be affected:

| - Breach of trade contracts

| - Revenue

| - Cost of sales

| - Expenditure

| - Inventories fair value measurements

| - Debt repayment

11. | IMPAIRMENT OF FIXED ASSETS

| At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset. the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

| Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing. Value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

| Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Paps Enterprises Limited (Registered number: 04278459)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

12. | CLIMATE CHANGES AND ENVIRONMENTAL RISKS AND RESPONSIBILITIES

| Due to the nature of the entity's operational activities there's no exposure to significant environmental risks.

| Despite the fact that our organisation offers accounting, business management and IT services, we are always considering the environmental sustainability. Future business performance will be impacted by our ability to effectively manage the transition to a low carbon economy balancing commercial decisions with the environmental responsibility, agreeing business-wide decarbonisation priorities, and managing changes in customer preferences.

| This includes management of the increasing costs associated with sustainable materials, recycling carbon pricing and further technological, policy and regulatory interventions.

| We are operating in a world and a sector with high pressure from carbon-conscious customers, government bodies and regulators to operate in a more environmentally conscious manner. To respond to the circular economy, waste reduction and low carbon products and use of a recycled parts and related components.