Company Registration No. 06715019 (England and Wales)
Paper Mache Tiger Limited
Unaudited accounts
for the year ended 31 October 2025
Paper Mache Tiger Limited
Unaudited accounts
Contents
Paper Mache Tiger Limited
Company Information
for the year ended 31 October 2025
Company Number
06715019 (England and Wales)
Registered Office
c/o Solid Ltd
163 City Road
London
EC1V 1NR
United Kingdom
Accountants
Solid Ltd
Eagle House
163 City Road
London
EC1V 1NR
Paper Mache Tiger Limited
Statement of financial position
as at 31 October 2025
Tangible assets
66,106
38,591
Inventories
61,280
264,309
Cash at bank and in hand
223,797
94,246
Creditors: amounts falling due within one year
(541,107)
(643,908)
Net current assets
207,954
620,782
Total assets less current liabilities
274,060
659,373
Creditors: amounts falling due after more than one year
(99,611)
(140,831)
Provisions for liabilities
Net assets
168,927
518,542
Called up share capital
965
965
Profit and loss account
167,962
517,577
Shareholders' funds
168,927
518,542
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 August 2026 and were signed on its behalf by
Kyle Robinson
Director
Company Registration No. 06715019
Paper Mache Tiger Limited
Notes to the Accounts
for the year ended 31 October 2025
Paper Mache Tiger Limited is a private company, limited by shares, registered in England and Wales, registration number 06715019. The registered office is c/o Solid Ltd, 163 City Road, London, EC1V 1NR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation is provided on the cost of assets, less their estimated residual values, over their estimated useful lives at the following rates. Residual values are reviewed at each reporting date. The residual value of motor vehicles acquired under hire purchase agreements is estimated by reference to the final payment specified in the agreement, which the director considers to approximate the expected value of the vehicle at that date.
Plant & machinery
over 4 years straight line
Motor vehicles
over 4 years straight line
Computer equipment
over 4 years straight line
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Paper Mache Tiger Limited
Notes to the Accounts
for the year ended 31 October 2025
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
During the year the company wrote off £321,582 owed by Cecile Limited and £117,712 owed by Paper Mache Tiger LLC, both companies under the control of the director, Kyle Robinson.
On 11 March 2026, after the reporting date, Cecile Limited entered creditors' voluntary liquidation. The director considers this to be an adjusting event under Section 32 of FRS 102, as it confirms that the amount owed by that company was impaired at 31 October 2025, and the balance has accordingly been written off in full in these financial statements.
After recognising these impairments the company reports a loss for the financial year of £159,253 (2024: profit of £59,604) and net assets of £227,597 (2024: £518,542).
At the reporting date the company held cash at bank of £223,797 and was owed £311,405 by Open Space Unit Limited, its ultimate parent (2024: £350,905). This balance reduced by £39,500 during the year and the director expects repayments to continue. The balance exceeds the company's net assets, and the company's net asset position is therefore dependent on its recovery. The director has assessed the recoverability of the balance and considers it recoverable in full, on the basis of the repayment pattern established during the year and Open Space Unit Limited's forecast trading results and cash flows.
Net current assets of £266,624 (2024: £620,782) include £271,905 owed by the parent company falling due after more than one year. Excluding that amount, the company has net current liabilities of £5,281.
The director has considered the company's ability to continue in operation for a period of at least twelve months from the date of approval of these financial statements, taking account of the company's cash position and its forecast trading results. On that basis the director considers it appropriate to prepare the financial statements on a going concern basis.
Paper Mache Tiger Limited
Notes to the Accounts
for the year ended 31 October 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2024
90,621
74,585
13,306
178,512
Additions
3,003
60,065
1,632
64,700
Disposals
-
(74,585)
-
(74,585)
At 31 October 2025
93,624
60,065
14,938
168,627
At 1 November 2024
83,653
43,508
12,760
139,921
Charge for the year
1,619
16,345
2,129
20,093
On disposals
-
(57,493)
-
(57,493)
At 31 October 2025
85,272
2,360
14,889
102,521
At 31 October 2025
8,352
57,705
49
66,106
At 31 October 2024
6,968
31,077
546
38,591
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
57,705
31,077
Amounts falling due within one year
Trade debtors
81,193
184,820
Amounts due from group undertakings etc.
39,500
649,718
Deferred tax asset
-
9,952
Accrued income and prepayments
42,571
36,717
Other debtors
28,815
24,928
Amounts falling due after more than one year
Amounts due from group undertakings etc.
271,905
-
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
14,829
68,684
Obligations under finance leases and hire purchase contracts
9,102
10,416
Trade creditors
107,253
97,835
Taxes and social security
96,458
69,867
Other creditors
90,439
2,694
Deferred income
174,326
329,893
Paper Mache Tiger Limited
Notes to the Accounts
for the year ended 31 October 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
56,778
33,979
Deferred income
42,833
42,833
8
Deferred taxation
2025
2024
Accelerated capital allowances
5,522
(9,952)
Provision at start of year
(9,952)
(6,623)
Charged/(credited) to the profit and loss account
15,474
(3,329)
Provision at end of year
5,522
(9,952)
Allotted, called up and fully paid:
965 Ordinary shares of £1 each
965
965
10
Transactions with related parties
Kyle Robinson, the director, is also a director and shareholder of Open Space Unit Limited, Cecile Limited and Paper Mache Tiger LLC, and a director of Herculie Limited.
Open Space Unit Limited, the company's ultimate parent, owed the company £311,405 at the year end (2024: £350,905). The balance is unsecured, interest free and has no fixed repayment terms. During the year the company paid dividends of £131,692 (2024: £160,524) to Open Space Unit Limited.
Cecile Limited, a company under the control of the director and trading as Etre Cecile, entered creditors' voluntary liquidation on 11 March 2026. During the year £122,318 of trade receivables owed by Cecile Limited was written off against the doubtful debt provision; this had no effect on the loss for the year. Separately, amounts advanced to Cecile Limited increased by £140,488 during the year, with no repayments received, bringing that balance to £321,582 (2024: £181,094). Following the liquidation it has been written off in full and the charge is included within administrative expenses. The amount owed at the year end was therefore £nil. The balances were unsecured, interest free and had no fixed repayment terms. Total amounts written off in respect of Cecile Limited during the year were £443,900.
Paper Mache Tiger LLC — the amount owed to the company at the year end was £nil (2024: £117,719). During the year the balance was written off as irrecoverable and the charge of £117,712 is included within administrative expenses.
Herculie Limited — the amount owed to the company at the year end was £nil (2024: £nil).
P Robinson, a sister of the director, owed the company £24,928 at the year end (2024: £24,928), included within other debtors. The loan was originally £50,000, advanced in April 2023, of which £25,072 was repaid in November 2023. Interest was charged at 12% per annum. During the year interest of £5,837 previously charged was waived, and the charge is included within administrative expenses. The loan is unsecured, is now interest free and has no fixed repayment terms.
Paper Mache Tiger Limited
Notes to the Accounts
for the year ended 31 October 2025
Paper Mache Tiger Limited is a 100% subsidiary of Open Space Unit Ltd (registered office: c/o Solid Ltd, Eagle House, 163 City Road, London, EC1V 1NR)
12
Average number of employees
During the year the average number of employees was 9 (2024: 7).