For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Polystyrene Manifesto Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, The Bloomsbury Building, 10 Bloomsbury Way, Holborn, WC1A 2SL.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company ceased to actively trade on 1 April 2024 and an application to dissolve the company will be made in due course.true

The company only has financial instruments which are classified as basic financial instruments.

Short-term debtors and creditors are measured at the settlement value. Any losses from impairment are recognised in profit and loss.

Bank loans are initially recorded at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

The average monthly number of persons (including directors) employed by the company during the year was:

During the year, dividends were declared to A Devonshire, a director of the company, totalling £123,607 and payments totalling £74,968 were made to A Devonshire. At the balance sheet date, the company owed A Devonshire £48,639 (2024: £nil).

During the year, dividends were declared to J Beavis, a director of the company, totalling £123,607 and payments totalling £74,968 were made to J Beavis. At the balance sheet date, the company owed J Beavis £48,639 (2024: £nil).

During the year, dividends were declared to J Talbot, a director of the company, totalling £123,607 and payments totalling £74,968 were made to J Talbot. At the balance sheet date, the company owed J Talbot £48,639 (2024: £nil).

During the year, dividends were declared to L Kiernan, a director of the company, totalling £123,607 and payments totalling £74,968 were made to L Kiernan. At the balance sheet date, the company owed L Kiernan £48,639 (2024: £nil).

During the year, dividends were declared to M Bowen, a director of the company, totalling £123,607 and payments totalling £74,968 were made to M Bowen. At the balance sheet date, the company owed M Bowen £48,639 (2024: £nil).

During the year, IDLES partnership, a partnership controlled by the directors of the company, paid £111,673 to the company and was repaid £109,384. At the balance sheet date, the balance owed to the company was £2,289 (2024: £nil).

During the year, the company was repaid £316,014 by Rabbit Carpet LLP, an LLP controlled by the directors of the company. Rabbit Carpet LLP also made payments on behalf of the company totalling £153,996. At the balance sheet date, the company owed Rabbit Carpet LLP £153,996 (2024: Rabbit Carpet LLP owed the company £316,023).

The above loans are interest free and repayable on demand.