ACCOUNTS - Final Accounts

PAPER STATE LIMITED - Company Information

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Registered number: 05668740

PAPER STATE LIMITED

UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2019

PAPER STATE LIMITED

COMPANY INFORMATION

Directors	C. Moore
	M. Millar


Company secretary	M. Millar


Registered number	05668740


Registered office	124 Hemingford Road
	London
	N1 1DE


Accountants	Price Bailey Private Client LLP
	Chartered Accountants
	Dashwood House
	69 Old Broad Street
	London
	EC2M 1QS

PAPER STATE LIMITED

CONTENTS

	Page
Directors' Report	1
Profit and Loss Account	2
Balance Sheet	3
Notes to the Financial Statements	4

PAPER STATE LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 MAY 2019

The directors present their report and the financial statements for the year ended 31 May 2019.

Directors

The directors who served during the year were:

C. Moore

M. Millar

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 18 February 2020 and signed on its behalf.

C. Moore

Director

Page 1

PAPER STATE LIMITED

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 MAY 2019

The Company has not traded during the year or the preceding financial year. During these periods, the Company received no income and incurred no expenditure and therefore made neither profit or loss.

Page 2

PAPER STATE LIMITED

REGISTERED NUMBER: 05668740

BALANCE SHEET

AS AT 31 MAY 2019

		2019		2018
Note		£		£


Current assets
Debtors: amounts falling due within one year	3	1		1
		1		1
Total assets less current liabilities			1		1

Net assets			1		1

Capital and reserves
Called up share capital	4	1	1
		1	1

For the year ended 31 May 2019 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 February 2020.

C. Moore

Director

The notes on page 4 form part of these financial statements.

Page 3

PAPER STATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2019

1.	General information

Paper State Limited is a private limited company incorporated in the United Kingdom and it's registered office address is 124 Hemingford Road, London, N1 1DE.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

Debtors

					2019	2018
					£	£


Other debtors	1	1
	1	1

4.	Share capital
		2019	2018
		£	£

Allotted, called up and fully paid

1 (2018 - 1) Ordinary share of £1.00	1	1

Page 4