REGISTERED NUMBER: 07015750 (England and Wales)

PAPO UK LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms M Schwoerer

SECRETARY:

Ms M Schwoerer

REGISTERED OFFICE:

Marston House

5 Elmdon Lane

Marston Green

Solihull

West Midlands

B37 7DL

REGISTERED NUMBER:

07015750 (England and Wales)

AUDITORS:

Sephton & Company LLP

Chartered Certified Accountants

Statutory Auditors

Marston House

5 Elmdon Lane

Marston Green

Solihull

West Midlands

B37 7DL

FIXED ASSETS

Tangible assets

4

13,304

17,222

CURRENT ASSETS

Stocks

14,033

16,181

Debtors

5

308,752

279,865

Cash at bank and in hand

180,159

129,438

502,944

425,484

CREDITORS

Amounts falling due within one year

6

260,882

170,655

NET CURRENT ASSETS

242,062

254,829

TOTAL ASSETS LESS CURRENT LIABILITIES

255,366

272,051

PROVISIONS FOR LIABILITIES

2,681

3,519

NET ASSETS

252,685

268,532

CAPITAL AND RESERVES

Called up share capital

1,001

1,001

Retained earnings

251,684

267,531

SHAREHOLDERS' FUNDS

252,685

268,532

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 director and authorised for issue on 8 June 2026 and were signed by:

Ms M Schwoerer - Director

1.	STATUTORY INFORMATION

Papo 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goods sold under sale or return are recognised as a sale at the point they are sold by the retailer.

Tangible fixed assets

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

Display equipment

-

33% on cost

Stocks

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

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.

Leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Display

equipment

£

COST

At 1 January 2025

53,433

Additions

12,041

Disposals

(17,596

)

At 31 December 2025

47,878

DEPRECIATION

At 1 January 2025

36,211

Charge for year

15,959

Eliminated on disposal

(17,596

)

At 31 December 2025

34,574

NET BOOK VALUE

At 31 December 2025

13,304

At 31 December 2024

17,222

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Trade debtors

307,454

247,693

Other debtors

1,298

32,172

308,752

279,865

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Trade creditors

145,590

109,394

Amounts owed to group undertakings

26,633

15,864

Taxation and social security

52,685

21,423

Other creditors

35,974

23,974

260,882

170,655

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/12/25

31/12/24

£

£

Within one year

5,768

6,922

Between one and five years

-

5,768

5,768

12,690

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

The Report of the Auditors was unqualified.

Steven Douglas Connell (Senior Statutory Auditor)

for and on behalf of Sephton & Company LLP

9.	ULTIMATE PARENT COMPANY

The ultimate holding company was SAS Papo La Maison Des Figurines, a company registered in France.

The Parent company's address is 2 Rue du bourdonnais, Z.I. La Petite Montagne Sud - CE.1829, 91018 EVRY Cedex - France.

Consolidated financial statements are available from the above address.