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Registration number: 13003771

Papillion Residential Limited
Unaudited Filleted Abridged Financial Statements
for the Year Ended 30 November 2025

Papillion Residential Limited

Contents

Company Information | 1
Abridged Balance Sheet | 2 to 3
Notes to the Unaudited Abridged Financial Statements | 4 to 6

Papillion Residential Limited

Company Information

Directors | Mr Prashant Kumar Maganlal Patel Mrs Nita Patel

Registered office | 3 Chestnut Avenue Rickmansworth Hertfordshire United Kingdom WD3 4HA

Accountants | Onyx Accountants Ltd Chartered Management AccountantsOnyx House 12 Phoenix Business Park Avenue Close Birmingham West Midlands B7 4NU

Papillion Residential Limited

(Registration number: 13003771)
Abridged Balance Sheet as at 30 November 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 157 | 314
Investment property |  | 469,371 | 469,371
|  | 469,528 | 469,685
Current assets |  |  |
Debtors |  | 296 | 150
Cash at bank and in hand |  | 594 | 91
|  | 890 | 241
Prepayments and accrued income |  | 2,284 | 2,188
Creditors: Amounts falling due within one year |  | (22,760) | (11,205)
Net current liabilities |  | (19,586) | (8,776)
Total assets less current liabilities |  | 449,942 | 460,909
Creditors: Amounts falling due after more than one year |  | (479,296) | (475,746)
Accruals and deferred income |  | (780) | (780)
Net liabilities |  | (30,134) | (15,617)
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Retained earnings |  | (30,136) | (15,619)
Shareholders' deficit |  | (30,134) | (15,617)

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 August 2026 and signed on its behalf by:

Papillion Residential Limited

(Registration number: 13003771)
Abridged Balance Sheet as at 30 November 2025

......................................... Mr Prashant Kumar Maganlal Patel Director

Papillion Residential Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3 Chestnut Avenue
Rickmansworth
Hertfordshire
WD3 4HA
United Kingdom

These financial statements were authorised for issue by the Board on 3 August 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and Machinery | 20% Staright line

Papillion Residential Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2025

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Papillion Residential Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2025

4 | Tangible assets

| Plant and machinery £ | Total £
Cost or valuation
At 1 December 2024 | 629 | 629
At 30 November 2025 | 629 | 629
Depreciation
At 1 December 2024 | 315 | 315
Charge for the year | 157 | 157
At 30 November 2025 | 472 | 472
Carrying amount
At 30 November 2025 | 157 | 157
At 30 November 2024 | 314 | 314

Investment properties

| 2025 £
At 1 December | 469,371

There has been no valuation of investment property by an independent valuer.