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Registration number: 12691146

Audited Financial Statements

Podimo UK Ltd

For the Financial Year Ended 31 December 2024

Contents

Page

Company Information | 1
Directors' Report | 2 - 3
Independent Auditor's Report | 4 - 7
Statement of Comprehensive Income | 8
Statement of Financial Position | 9
Statement of Changes in Equity | 10
Notes to the Financial Statements | 11 - 18

Company Information

Directors | Jacob Chudnow Morten Strunge

Registered number | 12691146

Registered office | 27/28 Eastcastle Street London W1W 8DH

Auditors | HLB Ireland Audit Services Statutory Audit Firm Suite 7, The Courtyard Carmanhall Road Sandyford Dublin 18 D18 NW62

Podimo UK Ltd

Directors' Report
For the Financial Year Ended 31 December 2024

The Directors present their report and the audited financial statements for the year ended 31 December 2024.

Principal activity

The Company's principal business activity is the online distribution of podcasts and audiobooks.

Results and dividends

The profit for the year ended after taxation, amounted to £54,291 (2023: £34,938).

Directors of the Company

The directors who served during the year were as follows:

Jacob Chudnow

Morten Strunge

Directors' responsibilities statement

The directors are responsible for preparing the Directors' Report and the audited financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under Company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.
In preparing these financial statements, the directors are required to:

• | select suitable accounting policies for the Company's financial statements and then apply them consistently;

• | make judgments and accounting estimates that are reasonable and prudent;

• | state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

• | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Post balance sheet events

There have been no significant events affecting the Company since end of the financial year 31 December 2024.

Podimo UK Ltd

Directors' Report
For the Financial Year Ended 31 December 2024 (continued)

Disclosure of information to the auditors

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:

• | so far as the director is aware, there is no relevant audit information of which the Company's auditor is unaware, and

• | the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

Auditor

The auditors, HLB Ireland Audit Services Limited, appointed in office in accordance with section 485 of the Companies Act 2006.

Small companies provision statement

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the Board on 17 November 2025 and signed on its behalf by:

......................................... Jacob Chudnow Director | ......................................... Morten Strunge Director |

Podimo UK Ltd

Independent Auditor's Report
to the Members of Podimo UK Ltd

Opinion

We have audited the financial statements of Podimo UK Ltd (the 'Company'), for the year ended 31 December 2024 which comprise the Statement of Comprehensive Income, the Statement of Financial Position and the Statement of Changes in Equity, and the related notes to the financial statements, including significant accounting policies set out in Note 2. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities).

In our opinion, the financial statements:

• | give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the financial year then ended;
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements' section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Podimo UK Ltd

Independent Auditor's Report
to the Members of Podimo UK Ltd (continued)

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• | the information given in the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• | the Directors' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified any material misstatements in the Directos' report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

• | adequate accounting records have not been kept; or
• | the financial statements are not in agreement with the accounting records and returns; or
• | certain disclosures of Directors' remuneration specified by law are not made; or
• | we have not received all the information and explanations we require for our audit; or

• | the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the Directors' report.

Responsibilities of Director's for the financial statements

The directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

• | Enquiry of management and those charged with governance;

• | Enquiry of entity staff compliance functions to identify any instances of non-compliance with laws and regulations;

• | Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; and

• | Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluation the business rationale of significant transactions outside the normal course of business and reviewing acounting estimates for bias.

Podimo UK Ltd

Independent Auditor's Report
to the Members of Podimo UK Ltd (continued)

Auditor's responsibilities for the audit of the financial statements (continued)

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. This risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is contained in the appendix to this report, located at page 7, which is to be read as an integral part of our report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

......................................
John Duffy
for and on behalf of
HLB Ireland Audit Services
Statutory Audit Firm
Suite 7, The Courtyard
Carmanhall Road
Sandyford
Dublin 18
D18 NW62

17 November 2025

Podimo UK Ltd

Independent Auditor's Report
to the Members of Podimo UK Ltd (continued)

Further information regarding the scope of our responsibilities as auditor

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors'.
- Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditor's Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditor's Report. However, future events or conditions may cause the company to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

The supplementary information does not form part of the audited financial statements.

Podimo UK Ltd

Statement of Comprehensive Income
For the Year Ended 31 December 2024

| Note | 2024 £ | 2023 £
Turnover |  | 1,230,935 | 948,599
Gross profit |  | 1,230,935 | 948,599
Administrative expenses |  | (1,158,420) | (903,429)
Operating profit |  | 72,515 | 45,170
Profit before tax |  | 72,515 | 45,170
Taxation | 6 | (18,224) | (10,232)
Profit for the financial year |  | 54,291 | 34,938

Total comprehensive income for the year | 54,291 | 34,938

All amounts relate to continuing operations.
There was no other comprehensive income for 2024 (2023:£NIL).

Podimo UK Ltd

Registered number: 12691146
Statement of Financial Position
As at 31 December 2024

| Note | 2024 £ | 2023 £
Current assets |  |  |
Debtors: amounts falling due within one year | 7 | 139,688 | 12,847
Cash at bank and in hand |  | 184,489 | 137,272
|  | 324,177 | 150,119
Creditors: Amounts falling due within one year | 8 | (210,436) | (90,669)
Net current assets |  | 113,741 | 59,450
Net assets |  | 113,741 | 59,450
Capital and reserves |  |  |
Called up share capital | 9 | 100 | 100
Profit and loss account | 10 | 113,641 | 59,350
Total equity |  | 113,741 | 59,450

The financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS102 Section 1A - Small Entities.

The financial statements were approved and authorised for issue by the Board on 17 November 2025 and were signed on its behalf by:

......................................... Jacob Chudnow Director | ......................................... Morten Strunge Director |

Podimo UK Ltd

Statement of Changes in Equity
For the Year Ended 31 December 2024

| Called up share capital £ | Profit and loss account £ | Total £
At 1 January 2023 | 100 | 24,412 | 24,512
Profit for the year | - | 34,938 | 34,938
Other comprehensive income | - | - | -
Total comprehensive income | - | 34,938 | 34,938
At 31 December 2023 | 100 | 59,350 | 59,450

At 1 January 2024 | 100 | 59,350 | 59,450
Profit for the year | - | 54,291 | 54,291
Other comprehensive income | - | - | -
Total comprehensive income | - | 54,291 | 54,291
At 31 December 2024 | 100 | 113,641 | 113,741

Podimo UK Ltd

Notes to the Financial Statements
For the Year Ended 31 December 2024

1 | General information

Podimo UK Ltd is a private company limited by share capital, incorporated in United Kingdom. The address of its registered office is 27/28 Eastcastle Street, London,W1W 8DH, United Kingdom.

2 | Accounting policies

2.1 | Basis of preparation

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 Company’s ultimate parent undertaking, Podimo ApS, includes the Company in its consolidated financial statements, which are prepared in accordance with Danish Financial Statements Act. The Company has prepared its financial statements in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS102 Section 1A - Small Entities.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:

2.2 | Going concern

At 31 December 2024, the Company made a profit of £54,291 (2023: £34,938) and had net assets of £113,741 (2023: £59,450). The Company’s forecasts and projections, taking account of reasonably possible changes in trading performance, show that the Company should be able to operate within the level of its current cash reserves and borrowings. For this reason, the financial statements have been prepared on the going concern basis.

2.3 | Revenue recognition

Intercompany revenue
Revenue is recognised at an agreed markup on costs recharged to the immediate parent company. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Third party revenue
Revenue is recognised to the extent that it is probable that economic benefits will flow to the Company and the revenue can be measured reliably. It is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes, and is recognised when the obligations have been satisfied, thus services have been rendered to the customer.

Podimo UK Ltd

Notes to the Financial Statements
For the Year Ended 31 December 2024 (continued)

2 | Accounting policies (continued)

2.3 | Revenue recognition (continued)

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.

2.4 | Foreign currency translation

Functional and presentation currency
The Company's functional and presentational currency is Pound Sterling (£).
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the date of the transactions.
At each period end, foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rates 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.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income except when deferred in other comprehensive income as qualifying cash flow hedges.

2.5 | 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 the Statement of Comprehensive Income 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 fund.

Podimo UK Ltd

Notes to the Financial Statements
For the Year Ended 31 December 2024 (continued)

2 | Accounting policies (continued)

2.6 | Taxation

Tax is recognised in the 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.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:

• | The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

• | Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.7 | Tangible Assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Assets above £2,000 are capitalised and depreciated at a rate of 25% per annum.
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Podimo UK Ltd

Notes to the Financial Statements
For the Year Ended 31 December 2024 (continued)

2 | Accounting policies (continued)

2.8 | Trade and other receivables

Trade and other receivables are recognised initially at transaction price less attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of instrument for a similar debt instrument.

2.9 | Cash and cash equivalent

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.

2.10 | Trade and other payables

Trade and other payables are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition, they are measured at amortised cost using the effective interest method. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of instrument for a similar debt instrument.

2.11 | Holiday pay accrual

Holiday pay is accrued monthly for employees. The accrual is based on their earned rights to this holiday pay through payroll and their gross salaries.

Podimo UK Ltd

Notes to the Financial Statements
For the Year Ended 31 December 2024 (continued)

2 | Accounting policies (continued)

2.12 | Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other receivables and payables, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.
Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3 | Judgments in applying accounting policies and key sources of estimation uncertainty

In applying the Company's accounting policies, the directors are required to make significant judgments, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgments, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgments, estimates and assumptions, the actual results and outcomes may differ.
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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The items in the financial statements where these judgments and estimates have been made include:

Estimating an allowance for the impairment of debtors
The Company maintains provisions for impaired accounts at a level considered adequate to provide for probable uncollectible receivables. The level of this provision is regularly evaluated and normally consists of past due accounts that are neither subject of ongoing negotiations with management to revise payment schedules nor secured with any collateral. The Company considers account balances aged over ninety (90) days as past due.

Podimo UK Ltd

Notes to the Financial Statements
For the Year Ended 31 December 2024 (continued)

4 | Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 6).

5 | Directors' remuneration

The directors' remuneration for the year was as follows:

| 2024 £ | 2023 £
Remuneration | 181,885 | 178,683

6 | Taxation

Tax charged/(credited) in the income statement

| 2024 £ | 2023 £
Current taxation |  |
UK corporation tax | 18,224 | 10,232
Total current income tax | 18,224 | 10,232

Factors affecting tax charge for the year/period

The tax on profit before tax for the year is 25% (2023: 23.52%).
The differences are reconciled below:

| 2024 £ | 2023 £
Profit before tax | 72,515 | 45,170
Corporation tax at standard rate | 18,129 | 10,625
Marginal relief for the period to 31/12/2023 | - | (875)
Tax effects related to non-deductible expense | 95 | 482
Total tax charge for the year | 18,224 | 10,232

Podimo UK Ltd

Notes to the Financial Statements
For the Year Ended 31 December 2024 (continued)

7 | Debtors

| Note | 2024 £ | 2023 £
Due within one year
Amounts owed by group companies | 12 | 137,280 | -
Other debtors |  | 609 | 12,847
Prepayments |  | 1,799 | -
|  | 139,688 | 12,847

The amounts owed by group companies are unsecured, interest free and repayable on demand.

8 | Creditors

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Trade creditors |  | 366 | -
Amounts due to group companies | 12 | 144,098 | -
Social security and other taxes |  | 19,569 | 31,210
Other payables |  | 11,975 | 16,762
Accruals |  | 15,846 | 29,298
Corporation tax | 6 | 18,582 | 13,399
|  | 210,436 | 90,669

Trade and other payables are payable at various dates over the coming months in accordance with the suppliers’ usual and customary credit terms.
Amounts owed to group companies in 2024 were unsecured, interest free and repayable on demand. These have all been settled in 2025.
Corporation tax and other taxes including social insurance are repayable at various dates over the coming months in accordance with the applicable statutory provisions.
Accruals mainly pertain to provisions for audit fees.

Podimo UK Ltd

Notes to the Financial Statements
For the Year Ended 31 December 2024 (continued)

9 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

10 | Reserves

Profit and loss account
Includes all current and prior financial years' retained profits and losses.

11 | Pension commitments

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 £8,420 (2023 - £2,348).

12 | Related party transactions

The Company has availed of the exemption under section 33, paragraph 33.1A, of FRS 102 in relation to the disclosure of transactions with wholly owned group companies.

13 | Post balance sheet events

There have been no significant events affecting the Company since the end of the financial year 31 December 2024.

14 | Parent and ultimate parent undertaking

The parent entity holds 100% of the shares in the Company.
The Company's immediate and ultimate parent is Podimo ApS, incorporated in Denmark.
The parent of the largest and smallest group in which the results are consolidated is Podimo ApS Company. Podimo ApS Company is registered in the Denmark.