REGISTERED NUMBER: 09518823

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Paul and Page Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

23,647

42,493

CURRENT ASSETS

Stocks

5

-

422,711

Debtors

6

192,987

353,165

Cash at bank

5,556

33,622

198,543

809,498

CREDITORS

Amounts falling due within one year

7

1,038,363

1,509,919

NET CURRENT LIABILITIES

(839,820

)

(700,421

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(816,173

)

(657,928

)

CREDITORS

Amounts falling due after more than one year

8

20,439

25,501

NET LIABILITIES

(836,612

)

(683,429

)

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

(836,613

)

(683,430

)

SHAREHOLDERS' FUNDS

(836,612

)

(683,429

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2026 and were signed by:

Mr P Whiffin - Director

1.	STATUTORY INFORMATION

Paul and Page Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address are as below:

Registered number:

09518823

Registered office:

Units 3 & 4 The Cokenach Estate

Barkway

Royston

Hertfordshire

SG8 8DL

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.

Going concern

At the balance sheet date the company had net current liabilities of £801,626 (2023: £633,419) and retained losses of £582,224 (2023: £443,611). The director has pledged to continue to financially support the company for the foreseeable future. On this basis the director feels it is appropriate to prepare these financial statements using the going concern basis.

Turnover

Turnover comprises 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 and rebates.

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 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

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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.

Stocks

The cost of work in progress comprises direct materials and, where applicable, direct labour costs,

acquisition costs and those overheads that have been incurred in bringing the stock to their present

location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension

fund and the company has no legal or constructive obligation to pay further contributions even if the

fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they

are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2024

and 31 August 2025

11,917

72,233

8,215

92,365

DEPRECIATION

At 1 September 2024

7,799

36,052

6,021

49,872

Charge for year

1,856

15,833

1,157

18,846

At 31 August 2025

9,655

51,885

7,178

68,718

NET BOOK VALUE

At 31 August 2025

2,262

20,348

1,037

23,647

At 31 August 2024

4,118

36,181

2,194

42,493

5.

STOCKS

2025

2024

£

£

Work-in-progress

-

422,711

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

43,359

217,563

VAT

967

9,370

Deferred tax asset

148,661

125,528

Prepayments and accrued income

-

704

192,987

353,165

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Loans and borrowings

5,081

4,956

Trade creditors

10,636

51,700

Social security and other taxes

107

5,146

Other creditors

401,709

401,539

Pension Creditor

11

238

Directors' current accounts

619,791

1,042,744

Accrued expenses

1,028

3,596

1,038,363

1,509,919

Included within loans and borrowings is a loan provided under the Bounce Back Loan Scheme (BBLS) which is managed by the British Business Bank on behalf of, and with the financial back of, the secretary of State for Business, Energy and Industrial Strategy.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Loans and borrowings

20,439

25,501

Included within loans and borrowings is a loan provided under the Bounce Back Loan Scheme (BBLS) which is managed by the British Business Bank on behalf of, and with the financial back of, the secretary of State for Business, Energy and Industrial Strategy.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary shares

£1

1

1

10.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £621,846 (2024: £1,042,744) to Mr P C Whiffin, the director of the company.

At the balance sheet date the company owed £401,709 (2024: £401,539) to Atspace Limited, a company in which Mr P C Whiffin is a director.

At the balance sheet date the company was owed £42,737 (2024: £217,567) to Paul and Page 19 Royston Road Limited, a company in which Mr P C Whiffin is a director.

All loans are provided interest free and are repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The company's immediate parent is Paul Whiffin Holdings Limited, incorporated in England and

Wales.