Silverfin false 07 August 2025 07 August 2025 Stephen Drew S&W Partners Audit Limited 8,272 10,255 false true 31/12/2024 01/01/2024 31/12/2024 I Morales 21/06/2021 R Vas 21/06/2021 07 August 2025 The principal activity of the company during the year was software publishing. 13467579 2024-12-31 13467579 bus:Director1 2024-12-31 13467579 bus:Director2 2024-12-31 13467579 core:CurrentFinancialInstruments 2024-12-31 13467579 core:CurrentFinancialInstruments 2023-12-31 13467579 2023-12-31 13467579 core:ShareCapital 2024-12-31 13467579 core:ShareCapital 2023-12-31 13467579 core:RetainedEarningsAccumulatedLosses 2024-12-31 13467579 core:RetainedEarningsAccumulatedLosses 2023-12-31 13467579 2024-01-01 2024-12-31 13467579 bus:FilletedAccounts 2024-01-01 2024-12-31 13467579 bus:SmallEntities 2024-01-01 2024-12-31 13467579 bus:Audited 2024-01-01 2024-12-31 13467579 2023-01-01 2023-12-31 13467579 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13467579 bus:Director1 2024-01-01 2024-12-31 13467579 bus:Director2 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Company No: 13467579 (England and Wales)

POPMENU UK LIMITED

Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

POPMENU UK LIMITED

Financial Statements

For the financial year ended 31 December 2024

Contents

POPMENU UK LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2024
POPMENU UK LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
DIRECTORS I Morales
R Vas
SECRETARY Taylor Wessing Secretaries Limited
REGISTERED OFFICE 5 New Street Square
London
EC4A 3TW
United Kingdom
COMPANY NUMBER 13467579 (England and Wales)
AUDITOR S&W Partners Audit Limited
Statutory Auditor
103 Colmore Row
Birmingham
B3 3AG
POPMENU UK LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
POPMENU UK LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024
Note 2024 2023
£ £
Current assets
Debtors 3 21,422 14,614
Cash at bank and in hand 50,107 56,790
71,529 71,404
Creditors: amounts falling due within one year 4 ( 34,557) ( 42,704)
Net current assets 36,972 28,700
Total assets less current liabilities 36,972 28,700
Net assets 36,972 28,700
Capital and reserves
Called-up share capital 100 100
Profit and loss account 36,872 28,600
Total shareholder's funds 36,972 28,700

The 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 Popmenu UK Limited (registered number: 13467579) were approved and authorised for issue by the Board of Directors on 07 August 2025. They were signed on its behalf by:

R Vas
Director
POPMENU UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
POPMENU UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The following principal accounting policies have been applied:

General information and basis of accounting

Popmenu UK Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered and domiciled in England and Wales. The address of the Company's registered office is 5 New Street Square, London, United Kingdom, EC4A 3TW and its company number is 13467579.

*Basis of preparation of financial statements*
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.

Going concern

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

The directors have received confirmation from the ultimate parent company, Popmenu Inc, that it will continue to use the Company to service its markets in the UK for the period covering at least the next 12 months from the date of signing of these accounts.

The directors of the parent company have confirmed in writing to the directors of Popmenu UK Limited that it will provide financial support to enable the Company to continue as a going concern and meet its liabilities as they fall due for a period of at least one year from the date of approval of these financial statements.

In the event that the existing trading relationship in place with Popmenu Inc were to change, the Company may not remain a going concern. The directors do not believe this to be a likely scenario. On this basis, the directors of the Company have concluded that there are no material uncertainties that may cast doubt on the Company's ability to continue as a going concern.

Therefore the directors consider it appropriate to prepare the accounts on the going concern basis. The financial statements do not include any adjustments that would be required in the event of the withdrawal of this support.

Foreign currency

***Functional and presentation currency***
The Company's functional and presentational currency is GBP.

***Transactions and balances***
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of
the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items
measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary
items measured at fair value are measured using the exchange rate when fair value was determined.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

***Rendering of services***
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
* the amount of revenue can be measured reliably;
* it is probable that the Company will receive the consideration due under the contract;
* the stage of completion of the contract at the end of the reporting period can be measured reliably; and
* the costs incurred and the costs to complete the contract can be measured reliably.

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Pensions

***Defined contribution pension plan***
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

***Basic financial assets***
Basic financial assets, which include trade and other receivables are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's trade and other receivables due with the operating cycle fall into this category of financial instruments.

***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.

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 4

3. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 12,220 3,594
VAT recoverable 9,202 11,020
21,422 14,614

4. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals 29,055 33,884
Corporation tax 1,995 6,271
Other taxation and social security 3,507 2,549
34,557 42,704

5. Financial commitments

Pensions

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,825 (2023 - £2,703).

6. Related party transactions

The company has taken advantage of the exemption available under Section 33 of FRS 102 and has not disclosed details of transactions or balances with other wholly-owned group companies.

7. Controlling party

The ultimate parent undertaking is Popmenu Inc, a company incorporated in USA. The registered office is 1000 Parkwood Circle Suite 100 Atlanta, GA 30339.

8. Audit Opinion

The auditor's report on the accounts for the financial year ended 31 December 2024 was unqualified.

The audit report was signed by Stephen Drew on behalf of S&W Partners Audit Limited.