Company No: 10370328 (England and Wales)

Contents

• Company Information
• Statement of Financial Position
• Notes to the Financial Statements

DIRECTORS	K Ball
	S J R Blenkinsopp

REGISTERED OFFICE	Lighthouse Studios 89a Shacklewell Lane
	Studio A103
	London
	E82EB
	United Kingdom

COMPANY NUMBER

10370328 (England and Wales)

ACCOUNTANT	S&W Partners (East) LLP
	Stonecross
	Trumpington High Street
	Cambridge
	CB2 9SU

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	4	2,158		3,543
		2,158		3,543
Current assets
Debtors	5	422,582		397,821
Cash at bank and in hand		219,415		183,944
		641,997		581,765
Creditors: amounts falling due within one year	6	( 376,650)		( 464,098)
Net current assets		265,347		117,667
Total assets less current liabilities		267,505		121,210
Creditors: amounts falling due after more than one year	7	( 8,030)		( 18,338)
Net assets		259,475		102,872
Capital and reserves
Called-up share capital	9	43		42
Share premium account		394,874		194,958
Profit and loss account		( 135,442 )		( 92,128 )
Total shareholders' funds		259,475		102,872

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Trippin Limited (registered number: 10370328) were approved and authorised for issue by the Board of Directors on 19 June 2025. They were signed on its behalf by:

S J R Blenkinsopp Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The principal activity of Trippin Limited during the year was that of content publishing.

Trippin Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lighthouse Studios 89a Shacklewell Lane, Studio A103, London, E82EB , United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Trippin Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Comprehensive Income in the period in which they arise on monetary items.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
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 financial statements. 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 enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	3 years straight line
Office equipment	4 years straight line
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Comprehensive Income over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.
Financial liabilities are derecognised when the Company’s contractual obligations expire or are discharged or cancelled.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	9		13

3. Share-based payments

Equity-settled share-based payment schemes

The company has a share option scheme granting shares over ordinary share capital. The scheme consists of EMI options.
The options issued are exercisable on an exit event for £0.001 per share

Details of the share options outstanding during the financial year are as follows:

	2024			2023
	Weighted Average			Weighted Average
	Number of share options	Average exercise price (£)		Number of share options	Average exercise price (£)
Outstanding at beginning of period	1,350	0.001		0	0
Granted during the period	0	0		1,350	0.001
Outstanding at the end of the period	1,350	0.001		1,350	0.001
Exercisable at the end of the period	0	0		0	0

Charges in respects of these schemes are recognised in the statement of Profit and Loss of the Company. A Charge of £nil (2023:£nil) has been reconginsed.

4. Tangible assets

	Leasehold improve- ments		Office equipment		Computer equipment		Total
	£		£		£		£
Cost
At 01 October 2023	3,780		4,608		4,523		12,911
Additions	0		0		1,249		1,249
At 30 September 2024	3,780		4,608		5,772		14,160
Accumulated depreciation
At 01 October 2023	3,780		2,977		2,611		9,368
Charge for the financial year	0		764		1,870		2,634
At 30 September 2024	3,780		3,741		4,481		12,002
Net book value
At 30 September 2024	0		867		1,291		2,158
At 30 September 2023	0		1,631		1,912		3,543

5. Debtors

	2024		2023
	£		£
Trade debtors	150,559		323,997
Prepayments and accrued income	254,128		9,210
Deferred tax asset	421		27,367
VAT recoverable	13,654		22,374
Other debtors	3,820		14,873
	422,582		397,821

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans and overdrafts	15,126		10,847
Trade creditors	167,543		193,792
Accruals and deferred income	174,595		239,229
Other taxation and social security	16,587		17,602
Other creditors	2,799		2,628
	376,650		464,098

7. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	8,030		18,338

8. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	27,367		( 897)
(Charged)/credited to the Profit and Loss Account	( 26,946)		28,264
At the end of financial year	421		27,367

The deferred taxation balance is made up as follows:

	2024		2023
	£		£
Accelerated capital allowances	( 540)		( 886)
Other timing differences	961		42
Losses and other deductions	0		28,211
	421		27,367

9. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
43,025 Ordinary shares of £ 0.001 each (2023: 41,489 shares of £ 0.001 each)	43		41

On the 9th of August 2024 ordinary shares were allotted with an aggregate nominal value of £1.536 and consideration of £199,916 was received.

10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2024		2023
	£		£
within one year	754		823
between one and five years	0		754
	754		1,577

The Company entered into a three year operating lease for a MacBook Air on 30 September 2022. Annual repayments are £823.