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Registered number: 11395377
POPSURE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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POPSURE LIMITED
REGISTERED NUMBER: 11395377
STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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POPSURE LIMITED
REGISTERED NUMBER: 11395377
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and 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 have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 August 2025.
The notes on pages 4 to 6 form part of these financial statements.
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POPSURE LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024
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Comprehensive income for the year
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Contributions by and distributions to owners
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Shares issued during the year
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Comprehensive income for the year
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Contributions by and distributions to owners
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Shares issued during the year
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The notes on pages 4 to 6 form part of these financial statements.
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POPSURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Popsure Limited is a private limited company incorporated and domiciled in England and Wales, registered number 11395377. The registered and trading address is 5th Floor 10 Finsbury Square, London, United Kingdom, EC2A 1AF.
The principal activity of the company is information technology consultants.
The functional and presentational currency is £ GBP.
2.Accounting policies
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Basis of preparation of financial statements
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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 following principal accounting policies have been applied:
During the year ended 30 June 2024 the Company made a profit of £29,600 (2023: £15,328) and has net assets of £8,791,753 (2023: £3,863,700) as at that date. The financial statements have been prepared on a going concern basis, the applicability of which is dependent on the continuous financial support from the Group entity. The directors have reviewed the Company's liabilities over the next 12 months and consider the business to be a going concern.
Interest income is recognised in profit or loss using the effective interest method.
Investments in subsidiaries are measured at historic cost.
Short-term debtors are measured at transaction price, less any impairment.
Short-term creditors are measured at the transaction price.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
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The average monthly number of employees, including directors, during the year was 4 (2023 - 2).
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POPSURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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Investments in subsidiary companies
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Amounts owed by group undertakings
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Creditors: Amounts falling due within one year
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POPSURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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Allotted, called up and fully paid
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7,366,548 (2023 - 11,411,000) Ordinary shares of £0.00001 each
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1,000,000 (2023 - Nil) EF Seed shares of £0.00001 each
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2,788,688 (2023 - Nil) Seed preferred shares of £0.00001 each
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2,352,833 (2023 - Nil) Series A shares of £0.00001 each
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During the year 2,097,513 Series A shares were issued with a nominal value of £0.00001 per share, for a total consideration of £4,246,315.
On 5 September 2023 3,788,688 Ordinary shares were redesignated to 2,788,688 Seed Preferred shares and 1,000,000 EF Seed shares. On 6 October 2023 255,320 Ordinary shares were redesignated to 255,320 Series A shares.
The total share premium received over the nominal value of the shares issued less issue costs have been transferred to the share premium account.
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Related party transactions
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As permitted by FRS102 paragraphs 1.12e and 33.1a, the company has taken advantage of the exemption from disclosing the transactions entered into between two or more members of a group as all subsidiary undertakings are wholly-owned by a member of that group.
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