Company No: 11133091 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Intangible assets	3	22,716		0
Tangible assets	4	163,324		192,703
		186,040		192,703
Current assets
Debtors	5	29,380		17,610
Cash at bank and in hand		98		11,858
		29,478		29,468
Creditors: amounts falling due within one year	6	( 667,052)		( 468,281)
Net current liabilities		(637,574)		(438,813)
Total assets less current liabilities		(451,534)		(246,110)
Creditors: amounts falling due after more than one year	7	( 5,334)		( 15,864)
Net liabilities		( 456,868)		( 261,974)
Capital and reserves
Called-up share capital	8	120		121
Share premium account		1,475,267		1,475,267
Revaluation reserve		81,000		81,000
Profit and loss account		( 2,013,255 )		( 1,818,362 )
Total shareholders' deficit		( 456,868)		( 261,974)

For the financial year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the financial year 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; and
• These 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 Found Pop Limited (registered number: 11133091) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

R M Found Director

28 October 2026

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Found Pop Limited (the company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is First Floor, 5 Fleet Place, London, EC4M 7RD, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

At the reporting date the company had net current liabilities amounting to £637,574 and total liabilities exceeded total assets by £456,868. Creditors included within current liabilities totalling £547,464 have confirmed that they will not seek repayment of their loans within twelve months of the financial statements being approved. Further, of these creditors £443,364 are amounts owed to companies in which R Found is a director and majority shareholder, indicative of the support given to the company to date. The directors are also confident in the company's forecast future trading and its ability to raise future capital, if required, in order to allow the company to continue trading for the foreseeable future. Accordingly, the directors consider it is appropriate to prepare the financial statements on the going concern basis.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the reporting date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Comprehensive Income in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Employee benefits

Short term benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

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

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

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

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	1 - 8 years straight line
Office equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and 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 and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally 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.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	4		5

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 February 2025	0		0
Additions	24,429		24,429
At 31 January 2026	24,429		24,429
Accumulated amortisation
At 01 February 2025	0		0
Charge for the financial year	1,713		1,713
At 31 January 2026	1,713		1,713
Net book value
At 31 January 2026	22,716		22,716
At 31 January 2025	0		0

4. Tangible assets

	Plant and machinery		Office equipment		Total
	£		£		£
Cost
At 01 February 2025	562,973		18,537		581,510
Additions	21,820		0		21,820
At 31 January 2026	584,793		18,537		603,330
Accumulated depreciation
At 01 February 2025	378,057		10,750		388,807
Charge for the financial year	48,348		2,851		51,199
At 31 January 2026	426,405		13,601		440,006
Net book value
At 31 January 2026	158,388		4,936		163,324
At 31 January 2025	184,916		7,787		192,703

5. Debtors

	2026		2025
	£		£
Trade debtors	14,588		3,105
Other debtors	14,792		14,505
	29,380		17,610

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans and overdrafts	33,985		50,090
Trade creditors	21,722		16,400
Amounts owed to related parties	443,364		237,364
Other taxation and social security	22,308		22,480
Other creditors	145,673		141,947
	667,052		468,281

The bank loan represents amounts loaned to the company under the Bounce Back Loan Scheme. There is a fixed repayment term of 6 years (of which 1 is remaining), interest is charged at 2.5% per annum and the loan is fully guaranteed by the UK Government.

7. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans	5,334		15,864

The bank loan represents amounts loaned to the company under the Bounce Back Loan Scheme. There is a fixed repayment term of 6 years (of which 1 is remaining), interest is charged at 2.5% per annum and the loan is fully guaranteed by the UK Government.

8. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
12,019 Ordinary shares of £ 0.01 each	120		120

9. Related party transactions

At the statement of financial position date the company owed £24,364 (2025: £28,864) to Found Associates Limited and £419,000 (2025: £208,500) to Found Property Limited. The loans are interest free and repayable on demand. R Found is a director and shareholder of the aforementioned companies.

At the statement of financial position date the company owed £104,100 (2025: £102,050) to Leonroan Limited, a shareholder of the company. This loan has an interest charge of 2.05% and is repayable on demand.