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REGISTERED NUMBER: 12370660 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

POPCITY (MANCHESTER) LTD

POPCITY (MANCHESTER) LTD (REGISTERED NUMBER: 12370660)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


POPCITY (MANCHESTER) LTD

Company Information
for the year ended 31 December 2023







DIRECTORS: N A Gregory
R G Sweet





REGISTERED OFFICE: 11 Laura Place
Bath
BA2 4BL





REGISTERED NUMBER: 12370660 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Popcity (Manchester) Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Popcity (Manchester) Ltd for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Popcity (Manchester) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Popcity (Manchester) Ltd and state those matters that we have agreed to state to the Board of Directors of Popcity (Manchester) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Popcity (Manchester) Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Popcity (Manchester) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Popcity (Manchester) Ltd. You consider that Popcity (Manchester) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Popcity (Manchester) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


30 August 2024

POPCITY (MANCHESTER) LTD (REGISTERED NUMBER: 12370660)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,158 15,095

CURRENT ASSETS
Stocks - 12,000
Debtors 5 127,930 80,896
Cash at bank 56,804 35,447
184,734 128,343
CREDITORS
Amounts falling due within one year 6 83,548 87,032
NET CURRENT ASSETS 101,186 41,311
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,344

56,406

PROVISIONS FOR LIABILITIES 7 5,574 3,774
NET ASSETS 120,770 52,632

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 120,670 52,532
SHAREHOLDERS' FUNDS 120,770 52,632

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 16 August 2024 and were signed on its behalf by:



R G Sweet - Director


POPCITY (MANCHESTER) LTD (REGISTERED NUMBER: 12370660)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Popcity (Manchester) 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.

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.

Critical accounting judgements and key sources of estimation uncertainty
No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

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

Turnover is recognised when the sale is made.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office Equipment - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


POPCITY (MANCHESTER) LTD (REGISTERED NUMBER: 12370660)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Office and
Equipment fittings Totals
£    £    £   
COST
At 1 January 2023 12,360 10,283 22,643
Additions 12,381 6,067 18,448
At 31 December 2023 24,741 16,350 41,091
DEPRECIATION
At 1 January 2023 4,815 2,733 7,548
Charge for year 4,981 3,404 8,385
At 31 December 2023 9,796 6,137 15,933
NET BOOK VALUE
At 31 December 2023 14,945 10,213 25,158
At 31 December 2022 7,545 7,550 15,095

POPCITY (MANCHESTER) LTD (REGISTERED NUMBER: 12370660)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,349 6,108
Amounts owed by group undertakings 23,352 1,769
Other debtors 88,229 73,019
127,930 80,896

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 56,086 40,960
Amounts owed to group undertakings 9,180 13,377
Taxation and social security 15,732 8,712
Other creditors 2,550 23,983
83,548 87,032

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 5,574 3,774

Deferred
tax
£   
Balance at 1 January 2023 3,774
Accelerated Capital Allowances 1,800
Balance at 31 December 2023 5,574

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

The ordinary shares are irredeemable and have full rights in the company with regard to voting, dividend and capital distribution.

9. OTHER FINANCIAL COMMITMENTS

The company has annual financial commitments for the lease of premises and furniture of £105,390.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the Directors owed the Company £6,761 (2022: £6,761). During the year £0 was withdrawn (2022: £6,883) and £0 was repaid (2022: £122).