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REGISTERED NUMBER: 13488094 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 October 2024

for

POP FM LTD

POP FM LTD (REGISTERED NUMBER: 13488094)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


POP FM LTD

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2024







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 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,837 17,028
Property, plant and equipment 5 43,537 46,099
54,374 63,127

CURRENT ASSETS
Inventories 17,290 22,516
Debtors 6 2,555,765 1,659,705
Cash at bank and in hand 33,354 45,013
2,606,409 1,727,234
CREDITORS
Amounts falling due within one year 7 1,473,630 1,070,325
NET CURRENT ASSETS 1,132,779 656,909
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,187,153

720,036

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,186,953 719,836
SHAREHOLDERS' FUNDS 1,187,153 720,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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 10 July 2025 and were signed on its behalf by:





E Hassan - Director


POP FM LTD (REGISTERED NUMBER: 13488094)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024

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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements.

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.

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, 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.


POP FM LTD (REGISTERED NUMBER: 13488094)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

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
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 40 (2023 - 35 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 30,956 2 30,958
AMORTISATION
At 1 November 2023 13,930 - 13,930
Charge for year 6,191 - 6,191
At 31 October 2024 20,121 - 20,121
NET BOOK VALUE
At 31 October 2024 10,835 2 10,837
At 31 October 2023 17,026 2 17,028

POP FM LTD (REGISTERED NUMBER: 13488094)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Leasehold Plant and and
improvements machinery fittings Totals
£    £    £    £   
COST
At 1 November 2023 8,709 16,599 49,749 75,057
Additions - 1,522 6,800 8,322
At 31 October 2024 8,709 18,121 56,549 83,379
DEPRECIATION
At 1 November 2023 3,484 5,574 19,900 28,958
Charge for year 1,045 2,510 7,329 10,884
At 31 October 2024 4,529 8,084 27,229 39,842
NET BOOK VALUE
At 31 October 2024 4,180 10,037 29,320 43,537
At 31 October 2023 5,225 11,025 29,849 46,099

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 1,748,366 687,157
Amounts owed by connected companies 35,107 35,107
Other debtors 772,292 937,441
2,555,765 1,659,705

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 82,009 77,757
Amounts owed to group undertakings 409,478 625,945
Taxation and social security 623,801 363,859
Other creditors 358,342 2,764
1,473,630 1,070,325

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 October 2024 and the period ended 31 October 2023:

2024 2023
£    £   
E Hassan
Balance outstanding at start of year 576,873 99,391
Amounts advanced 163,181 477,482
Amounts repaid (403,647 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 336,407 576,873

During the period interest of £11,714 (2023: £9,148) was charged at the official interest on overdrawn amounts.

POP FM LTD (REGISTERED NUMBER: 13488094)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

9. RELATED PARTY DISCLOSURES

Included in creditors, amount falling due within one year, is an amount of £409,478 (2023: £625,945) 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 (2023: £35,107) 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 £1,748,366 (2023: £687,157) 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.