Popular Living Ltd

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—5

Registered number: 11401594

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,895,335		3,688,752

			3,895,335		3,688,752
CURRENT ASSETS
Debtors		109,253		111,147
Cash at bank and in hand		49,449		90,581

		158,702		201,728
Creditors: Amounts Falling Due Within One Year		(15,158 )		(9,561 )

NET CURRENT ASSETS (LIABILITIES)			143,544		192,167

TOTAL ASSETS LESS CURRENT LIABILITIES			4,038,879		3,880,919

Creditors: Amounts Falling Due After More Than One Year			(2,157,475 )		(2,102,067 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(151,232 )		(127,198 )

NET ASSETS			1,730,172		1,651,654

CAPITAL AND RESERVES
Called up share capital	5		100		100
Share premium account			1,197,697		1,197,697
Fair value reserve	6		439,754		367,653
Profit and Loss Account			92,621		86,204

SHAREHOLDERS' FUNDS			1,730,172		1,651,654

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Popular Living Ltd

Abridged Balance Sheet (continued)

As At 31 March 2025

For the year ending 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Nicholas Josling Director	Mrs Hayley Josling Director
15/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Popular Living Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11401594 . The registered office is 15 Grange Park, Westbury-on-Trym, Bristol, BS9 4BU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Letting of rental property

Turnover from rental property comprises of income earned from letting property. Rents and service charges from lettings are recognised net of losses from voids. Income is recognised from the date the property is first let.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% straight line
Computer Equipment	25% straight line

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. 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 debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

2.6. Taxation

Income 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 profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Popular Living Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.7. Finance Costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.8. 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.

2.9. 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.

3. Average Number of Employees

The average number of employees, including directors, during the year was 4 (2024: 3)

4. Tangible Assets

	Total
	£
Cost
As at 1 April 2024	3,689,571
Additions	206,974

As at 31 March 2025	3,896,545

Depreciation
As at 1 April 2024	819
Provided during the period	391

As at 31 March 2025	1,210

Net Book Value
As at 31 March 2025	3,895,335

As at 1 April 2024	3,688,752

5. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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Popular Living Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

6. Reserves

	Share Premium	Fair value reserve	Profit and Loss Account
	£	£	£
As at 1 April 2024	1,197,697	367,653	86,204
Profit for the year and total comprehensive income	-	-	95,867

Dividends paid	-	-	(17,349)
Movements in fair value reserve	-	72,101	-
Transfer to/from Fair value reserve	-	-	(72,101)

As at 31 March 2025	1,197,697	439,754	92,621

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