IRIS Accounts Production v25.3.0.601 01332826 director 1.5.24 30.4.25 30.4.25 false true false false false true false Ordinary shares 1.00000 Preference 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 01332826 2024-04-30 01332826 2025-04-30 01332826 2024-05-01 2025-04-30 01332826 2023-04-30 01332826 2023-05-01 2024-04-30 01332826 2024-04-30 01332826 ns15:EnglandWales 2024-05-01 2025-04-30 01332826 ns14:PoundSterling 2024-05-01 2025-04-30 01332826 ns10:Director1 2024-05-01 2025-04-30 01332826 ns10:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 01332826 ns10:SmallEntities 2024-05-01 2025-04-30 01332826 ns10:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 01332826 ns10:SmallCompaniesRegimeForDirectorsReport 2024-05-01 2025-04-30 01332826 ns10:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 01332826 ns10:FullAccounts 2024-05-01 2025-04-30 01332826 1 2024-05-01 2025-04-30 01332826 ns10:OrdinaryShareClass1 2024-05-01 2025-04-30 01332826 ns10:OrdinaryShareClass2 2024-05-01 2025-04-30 01332826 ns10:CompanySecretary1 2024-05-01 2025-04-30 01332826 ns10:RegisteredOffice 2024-05-01 2025-04-30 01332826 ns5:CurrentFinancialInstruments 2025-04-30 01332826 ns5:CurrentFinancialInstruments 2024-04-30 01332826 ns5:ShareCapital 2025-04-30 01332826 ns5:ShareCapital 2024-04-30 01332826 ns5:RetainedEarningsAccumulatedLosses 2025-04-30 01332826 ns5:RetainedEarningsAccumulatedLosses 2024-04-30 01332826 ns5:PatentsTrademarksLicencesConcessionsSimilar 2024-05-01 2025-04-30 01332826 ns5:FurnitureFittings 2024-05-01 2025-04-30 01332826 ns5:ComputerEquipment 2024-05-01 2025-04-30 01332826 ns5:PatentsTrademarksLicencesConcessionsSimilar 2024-04-30 01332826 ns5:PatentsTrademarksLicencesConcessionsSimilar 2025-04-30 01332826 ns5:PatentsTrademarksLicencesConcessionsSimilar 2024-04-30 01332826 ns5:PlantMachinery 2024-04-30 01332826 ns5:PlantMachinery 2024-05-01 2025-04-30 01332826 ns5:PlantMachinery 2025-04-30 01332826 ns5:PlantMachinery 2024-04-30 01332826 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-04-30 01332826 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-04-30 01332826 ns5:DeferredTaxation 2024-04-30 01332826 ns5:DeferredTaxation 2024-05-01 2025-04-30 01332826 ns5:DeferredTaxation 2025-04-30 01332826 ns10:OrdinaryShareClass1 2025-04-30 01332826 ns10:OrdinaryShareClass2 2025-04-30

REGISTERED NUMBER: 01332826 (England and Wales)

Paul Popper Limited

Unaudited Financial Statements

for the Year Ended 30th April 2025

| Paul Popper Limited (Registered number: 01332826) |

Contents of the Financial Statements

for the year ended 30th April 2025

| Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |  | to |  | 6

| Paul Popper Limited |

Company Information

for the year ended 30th April 2025

| DIRECTOR: | R J Thomas

| SECRETARY: | Mrs. J A Thomas

| REGISTERED OFFICE: | 310 Wellingborough Road

| Northampton

| Northamptonshire

| NN1 4EP

| REGISTERED NUMBER: | 01332826 (England and Wales)

| ACCOUNTANTS: | Cheney & Co

| 310 Wellingborough Road

| Northampton

| NN1 4EP

| Paul Popper Limited (Registered number: 01332826) |

Balance Sheet

30th April 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 5 | 2,534,606 |  | 2,295,080 |  |

Tangible assets | 6 | 1,790,458 |  | 1,858,763 |  |

4,325,064 |  | 4,153,843 |  |

CURRENT ASSETS

Debtors | 7 | 986,395 |  | 969,613 |  |

Cash at bank and in hand | 2,837 |  | 86,417 |  |

989,232 |  | 1,056,030 |  |

CREDITORS

Amounts falling due within one year | 8 | 2,846,772 |  | 2,639,704 |  |

NET CURRENT LIABILITIES | (1,857,540 | ) | (1,583,674 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,467,524 |  | 2,570,169 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 2,000,110 |  | 2,000,110 |  |

Retained earnings | 467,414 |  | 570,059 |  |

SHAREHOLDERS' FUNDS | 2,467,524 |  | 2,570,169 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 23rd September 2025 and were signed by:

R J Thomas - Director

| Paul Popper Limited (Registered number: 01332826) |

Notes to the Financial Statements

for the year ended 30th April 2025

1. | STATUTORY INFORMATION

| Paul Popper Limited 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 (£).

| The principal activity of the company in the year under review was that a photographic picture library.

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

| Turnover

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

| Intangible fixed asset

| Intangible fixed assets are valued at historical cost and are amortised over the estimated economic life of the asset on a straight line basis as follows:

| Intellectual property |  | - |  | 5 years and 20 years. |  |

| The carrying value of intangible assets is reviewed for any impairment.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures, Fittings & Equipment | - | 20% and 25% straight line

| Computer equipment | - | 25% on cost

| No depreciation is provided on books, illustrations, negatives and prints since, in the opinion of the directors, these assets do not depreciate.

| 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.

| Paul Popper Limited (Registered number: 01332826) |

Notes to the Financial Statements - continued

for the year ended 30th April 2025

3. | ACCOUNTING POLICIES - continued

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Negatives and prints

| Where negatives and prints are included as tangible fixed assets, the cost represents identifiable amounts incurred in the acquisition of specific photographic items and collections.

| Expenditure in respect of materials, wages, commissions etc., for the creation of photographic prints and negatives is written off through the profit and loss account as incurred.

| Commissions

| Commissions are provided in respect of amount due to photographers who have either been paid for the use of their photographs since 1st May 1988, or photographers whose work has been accepted for inclusion in the library by the company since it was acquired by Bob Thomas Holdings Limited on 1st December 1990.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2024 - 5 ) .

5. | INTANGIBLE FIXED ASSETS

| Intellectual

| Property

£ |

| COST

| At 1st May 2024 | 4,032,746 |  |

| Additions | 277,078 |  |

| Reclassification/transfer | 122,537 |  |

| At 30th April 2025 | 4,432,361 |  |

| AMORTISATION

| At 1st May 2024 | 1,737,666 |  |

| Amortisation for year | 160,089 |  |

| At 30th April 2025 | 1,897,755 |  |

| NET BOOK VALUE

| At 30th April 2025 | 2,534,606 |  |

| At 30th April 2024 | 2,295,080 |  |

| Paul Popper Limited (Registered number: 01332826) |

Notes to the Financial Statements - continued

for the year ended 30th April 2025

6. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1st May 2024 | 2,384,851 |  |

| Additions | 146,080 |  |

| Disposals | (35,409 | ) |

| Reclassification/transfer | (122,537 | ) |

| At 30th April 2025 | 2,372,985 |  |

| DEPRECIATION

| At 1st May 2024 | 526,088 |  |

| Charge for year | 74,237 |  |

| Eliminated on disposal | (17,798 | ) |

| At 30th April 2025 | 582,527 |  |

| NET BOOK VALUE

| At 30th April 2025 | 1,790,458 |  |

| At 30th April 2024 | 1,858,763 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 50,461 |  | 44,505 |  |

| Amounts owed by group undertakings | 883,330 |  | 883,330 |  |

| Other debtors | 52,604 |  | 41,778 |  |

986,395 |  | 969,613 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 93,400 |  | 184,629 |  |

| Taxation and social security | 1,914 |  | 1,798 |  |

| Other creditors | 2,751,458 |  | 2,453,277 |  |

2,846,772 |  | 2,639,704 |  |

9. | DEFERRED TAX

£ |

| Balance at 1st May 2024 | (10,000 | ) |

| Credit to Income Statement during year | (6,000 | ) |

| Balance at 30th April 2025 | (16,000 | ) |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 110 | Ordinary shares | £1 | 110 |  | 110 |  |

| 2,000,000 | Preference | £1 | 2,000,000 |  | 2,000,000 |  |

2,000,110 |  | 2,000,110 |  |

| Paul Popper Limited (Registered number: 01332826) |

Notes to the Financial Statements - continued

for the year ended 30th April 2025

11. | CONTINGENT LIABILITIES

| There were no contingent liabilities as at 30th April 2025 or 30th April 2024.

12. | CAPITAL COMMITMENTS

| There were no capital commitments as at 30th April 2025 or 30th April 2024.

13. | RELATED PARTY DISCLOSURES

| Included in other creditors is £2,303,361( 2023 £1,636,421) owing to the director.

14. | INTRA-GROUP GUARANTEE

| A cross guarantee and debenture in favour of Barclays Bank plc exists between Paul Popper Limited and the following group company:-

| Bob Thomas Holdings Limited