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REGISTERED NUMBER: 13488094 (England and Wales)










Unaudited Financial Statements

for the Period 1 August 2022 to 31 October 2023

for

POP FM LTD

POP FM LTD (REGISTERED NUMBER: 13488094)






Contents of the Financial Statements
FOR THE PERIOD 1 AUGUST 2022 TO 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


POP FM LTD

Company Information
FOR THE PERIOD 1 AUGUST 2022 TO 31 OCTOBER 2023







DIRECTORS: Mrs Z H Close
E Hassan





REGISTERED OFFICE: 55-59 Old Compton Street,
Soho
London
W1D 6HW





REGISTERED NUMBER: 13488094 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

POP FM LTD (REGISTERED NUMBER: 13488094)

Balance Sheet
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,028 24,767
Property, plant and equipment 5 46,099 57,391
63,127 82,158

CURRENT ASSETS
Inventories 22,516 11,338
Debtors 6 1,659,705 268,963
Cash at bank and in hand 45,013 109,432
1,727,234 389,733
CREDITORS
Amounts falling due within one year 7 1,070,325 435,810
NET CURRENT ASSETS/(LIABILITIES) 656,909 (46,077 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

720,036

36,081

CAPITAL AND RESERVES
Called up share capital 200 110
Retained earnings 719,836 35,971
SHAREHOLDERS' FUNDS 720,036 36,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2024 and were signed on its behalf by:





E Hassan - Director


POP FM LTD (REGISTERED NUMBER: 13488094)

Notes to the Financial Statements
FOR THE PERIOD 1 AUGUST 2022 TO 31 OCTOBER 2023

1. STATUTORY INFORMATION

Pop Fm Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over the estimated useful life of five years.

Goodwill amortization - 20% on straight line basis

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Property, plant and equipment is stated at cost less accumulated depreciation and accumulated impairment losses.Such cost included costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets less their estimated residual value over their expected useful lives, on the following basis:

Plant & machinery 20% on Reducing Balance
Fixtures fittings and equipment 20% on Reducing Balance
Leasehold improvements 20% on Reducing Balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


POP FM LTD (REGISTERED NUMBER: 13488094)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 AUGUST 2022 TO 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued
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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 35 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 August 2022
and 31 October 2023 30,956 2 30,958
AMORTISATION
At 1 August 2022 6,191 - 6,191
Charge for period 7,739 - 7,739
At 31 October 2023 13,930 - 13,930
NET BOOK VALUE
At 31 October 2023 17,026 2 17,028
At 31 July 2022 24,765 2 24,767

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Leasehold Plant and and
improvements machinery fittings Totals
£    £    £    £   
COST
At 1 August 2022 8,709 13,281 49,749 71,739
Additions - 3,318 - 3,318
At 31 October 2023 8,709 16,599 49,749 75,057
DEPRECIATION
At 1 August 2022 1,742 2,656 9,950 14,348
Charge for period 1,742 2,918 9,950 14,610
At 31 October 2023 3,484 5,574 19,900 28,958
NET BOOK VALUE
At 31 October 2023 5,225 11,025 29,849 46,099
At 31 July 2022 6,967 10,625 39,799 57,391

POP FM LTD (REGISTERED NUMBER: 13488094)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 AUGUST 2022 TO 31 OCTOBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 14,983
Amounts owed by group undertakings 687,157 3,316
Amounts owed by connected companies 35,107 5,089
Other debtors 937,441 245,575
1,659,705 268,963

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 77,757 112,760
Amounts owed to group undertakings 625,945 134,646
Taxation and social security 363,859 98,065
Other creditors 2,764 90,339
1,070,325 435,810

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 31 October 2023 and 31 July 2022:

2023 2022
£    £   
Mrs Z H Close
Balance outstanding at start of period 99,391 -
Amounts advanced 477,482 102,549
Amounts repaid - (3,158 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 576,873 99,391

During the period interest of £9,148 (2022: £162) was charged at the official interest on overdrawn amounts.

9. RELATED PARTY DISCLOSURES

Included in creditors, amount falling due within one year, is an amount of £625,945 (2022: £134,646) owed to the group undertakings. This amount is interest free and repayable on demand.

Included in debtors, amount falling due within one year, is an amount of £35,107 (2022: £5,089) owed by the connected companies. This amount is interest free and repayable on demand.

Included in debtors, amount falling due within one year, is an amount of £687,157 (2022: £3,316) owed by the group undertakings. This amount is interest free and repayable on demand.






10. ULTIMATE CONTROLLING PARTY

The company's immediate parent is MADEN GROUP LTD, incorporated in England and Wales. The ultimate controlling parties are the shareholders of Maden Group Ltd by virtue of their holding in the parent company.