REGISTERED NUMBER: 11400269 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 May 2025

for

Papcastle Limited

Page

Balance Sheet

1

FIXED ASSETS

931,685

931,685

CURRENT ASSETS

936,841

888,827

CREDITORS

Amounts falling due within one year

(1,582,905

)

(1,290,501

)

NET CURRENT LIABILITIES

(646,064

)

(401,674

)

TOTAL ASSETS LESS CURRENT LIABILITIES

285,621

530,011

CREDITORS

Amounts falling due after more than one year

(412,236

)

(536,711

)

NET LIABILITIES

(126,615

)

(6,700

)

CAPITAL AND RESERVES

(126,615

)

(6,700

)

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Papcastle Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11400269

Registered office:

Solent House

107a Alma Road

Portswood

Southampton

SO14 6UY

2.	RELATED PARTY

In June 2026 Wilshire Entertainment Limited, in which the company holds an unlisted investment, entered a formal insolvency process and is now in liquidation.

The director has considered the information available up to the date of approval of these financial statements and has concluded that the conditions giving rise to the insolvency arose after 30 May 2025. Accordingly, no adjustment has been made to the carrying amount of the investment of £907,543 at the reporting date.

The estimated financial effect of the event is an impairment of £907,543, which will be recognised in the subsequent accounting period.

At 30 May 2025 the company owed Wilshire Entertainment Limited £1,045,345, which is included within other creditors. That liability remains recognised in full.

3.	AVERAGE NUMBER OF EMPLOYEES

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

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 May 2025 and 30 May 2024:

30.5.25

30.5.24

£

£

Mr J Bird

Balance outstanding at start of year

449,144

341,832

Amounts advanced

40,247

112,637

Amounts repaid

(4,347

)

(5,325

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

485,044

449,144

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 5 August 2026 and were signed by:

Mr J Bird - Director