REGISTERED NUMBER: 07699232 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

PAPERPAK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B.G. McInnes

M-B. Ashe

G.J. Ashe

A.J. Fay

SECRETARY:

M-B. Ashe

REGISTERED OFFICE:

Puma Park

102-106 Scimitar Way

Coventry

CV3 4GB

REGISTERED NUMBER:

07699232 (England and Wales)

AUDITORS:

Dafferns Audit Limited

Chartered Accountants

Statutory Auditor

One Eastwood

Harry Weston Road

Binley Business Park

Coventry

CV3 2UB

BANKERS:

Lloyds Bank Plc

125 Colmore Row

Birmingham

B3 3SD

CURRENT ASSETS

Debtors

5

8,805,228

7,540,787

Cash at bank

127,079

20,021

8,932,307

7,560,808

CREDITORS

Amounts falling due within one year

6

8,016,912

6,616,236

NET CURRENT ASSETS

915,395

944,572

TOTAL ASSETS LESS CURRENT LIABILITIES

915,395

944,572

CAPITAL AND RESERVES

Called up share capital

7

250,000

250,000

Retained earnings

665,395

694,572

SHAREHOLDERS' FUNDS

915,395

944,572

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2026 and were signed on its behalf by:

M-B. Ashe - Director

1.	STATUTORY INFORMATION

Paperpak 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Turnover reflects revenue from the rendering of services and is recognised in the period in which services are delivered.

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.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction value. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4.	EMPLOYEES AND DIRECTORS

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

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

88,472

27,455

Amounts owed by group undertakings

8,668,106

7,461,927

Other debtors

800

-

VAT

45,370

48,225

Prepayments

2,480

3,180

8,805,228

7,540,787

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

139,820

131,675

Amounts owed to group undertakings

7,756,789

6,365,566

Tax

117,314

94,267

Accruals and deferred income

2,989

24,728

8,016,912

6,616,236

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

250,000

Ordinary

£1

250,000

250,000

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Geoffrey Cox BA FCA (Senior Statutory Auditor)

for and on behalf of Dafferns Audit Limited

9.	OTHER FINANCIAL COMMITMENTS

The company has financial commitments not included in the balance sheet of £12,480 (2024: £8,000).

10.	RELATED PARTY DISCLOSURES

Related party transactions with fellow subsidiaries and holding company have not been disclosed as the company is a wholly-owned subsidiary and is included within the consolidated accounts of the group.

11.	ULTIMATE CONTROLLING PARTY

The Company is a wholly-owned subsidiary of Kite Packaging Group Limited (KPG) and its ultimate parent company is Kite Packaging Group Holdings Limited (KPGH).

The registered office and principal place of business of KPG and KPGH is Puma Park, 102-106 Scimitar Way, Coventry, England, UK, CV3 4GB.