REGISTERED NUMBER: 13488107 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

POP CAM LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs Z H Close

E Hassan

REGISTERED OFFICE:

30 Hawley Crescent

Camden

London

NW1 8NP

REGISTERED NUMBER:

13488107 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

46 Hamilton Square

Birkenhead

Merseyside

CH41 5AR

FIXED ASSETS

Intangible assets

4

1,974

4,474

Property, plant and equipment

5

58,904

57,944

60,878

62,418

CURRENT ASSETS

Inventories

16,593

13,746

Debtors

6

1,132,642

972,734

Cash at bank and in hand

43,732

26,298

1,192,967

1,012,778

CREDITORS

Amounts falling due within one year

7

649,315

430,955

NET CURRENT ASSETS

543,652

581,823

TOTAL ASSETS LESS CURRENT LIABILITIES

604,530

644,241

PROVISIONS FOR LIABILITIES

8

14,726

-

NET ASSETS

589,804

644,241

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

589,604

644,041

589,804

644,241

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 Board of Directors and authorised for issue on 30 October 2026 and were signed on its behalf by:

E Hassan - Director

1.	STATUTORY INFORMATION

Pop Cam Ltd 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 (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

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 where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales-related taxes. Revenue is recognised when goods or services are provided to customers, and the amount can be reliably measured.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

Property, plant and equipment

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery

20% on reducing balance

Fixtures and fittings

20% on reducing balance

Computer equipment

20% on reducing balance

Inventories

Inventories comprise food and beverage stocks held for use in preparing meals for sale, together with packaging and other consumable supplies. They are stated at the lower of cost and net realisable value.

Cost is determined on a first-in, first-out basis and comprises the purchase price, net of trade discounts and rebates, plus any directly attributable costs of bringing the inventories to their present location and condition. Food and beverage stocks turn over rapidly and are replenished continuously, so cost is measured by reference to purchase prices ruling at the balance sheet date. Packaging and consumables bought in bulk are carried at the cost of the consignment from which the remaining quantity is drawn.

Net realisable value is the estimated selling price less the estimated costs of completion and the estimated costs necessary to make the sale. Inventories are written down where they are damaged, past their use-by date, or, in the case of packaging and consumables, no longer expected to be used. Write-downs are recognised as an expense in the period in which they arise.

The carrying amount of inventories is recognised as an expense in the period in which the related revenue is recognised.

Financial instruments

Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2024 - 35 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

10,000

AMORTISATION

At 1 November 2024

5,526

Charge for year

2,500

At 31 October 2025

8,026

NET BOOK VALUE

At 31 October 2025

1,974

At 31 October 2024

4,474

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 November 2024

40,953

49,675

2,264

92,892

Additions

6,565

-

9,121

15,686

At 31 October 2025

47,518

49,675

11,385

108,578

DEPRECIATION

At 1 November 2024

12,884

21,438

626

34,948

Charge for year

6,927

5,647

2,152

14,726

At 31 October 2025

19,811

27,085

2,778

49,674

NET BOOK VALUE

At 31 October 2025

27,707

22,590

8,607

58,904

At 31 October 2024

28,069

28,237

1,638

57,944

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

910,942

851,522

Amounts owed by connected companies

140,400

39,400

Other debtors

81,300

81,812

1,132,642

972,734

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

48,459

53,728

Amounts owed to group undertakings

199,665

64,551

Taxation and social security

365,432

301,220

Other creditors

35,759

11,456

649,315

430,955

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

14,726

-

Deferred

tax

£

Provided during year

14,726

Balance at 31 October 2025

14,726

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Bradley Kelly BA BFP ACA FCCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

10.	RELATED PARTY DISCLOSURES

Include in debtors, amount falling due within one year, is an amount of £910,942 (2024: £851,522) owed by the group undertakings. This loan is interest free and repayable on demand.

Include in debtors, amount falling due within one year, is an amount of £140,400 (2024: £39,400) owed by the connected companies. This loan is interest free and repayable on demand.

Include in creditor, amount falling due within one year, is an amount of £199,665 (2024: £64,551) owed to the group undertakings. This loan is interest free and repayable on demand.

11.	POST BALANCE SHEET EVENTS

On 19 March 2026 the company granted a debenture in favour of Barclays Security Trustee Limited, incorporating a fixed charge and a floating charge over the whole of the company's property and undertaking together with a negative pledge, in connection with a banking facility with Barclays Bank PLC. The charge secures borrowings of up to £1,800,000. To the extent the charge secures borrowings of other group companies, the company has guaranteed those borrowings up to the value of the assets charged.

The facility and related security were entered into after the reporting date and do not affect the amounts recognised in these financial statements as at 31 October 2025. The directors consider this to be a non-adjusting event after the reporting period.

Apart from the above, no other significant events have occurred between the reporting date, 31 October 2025, and the date the financial statements were authorised for issue that would require adjustment to or disclosure in the financial statements.

12.	ULTIMATE CONTROLLING PARTY

The company's immediate parent is Maden Group Ltd, incorporated in England and Wales. The ultimate controlling parties are the shareholders of Maden Group Ltd by virtue of their holding in the parent company.

The largest and smallest group in which the results of the company are consolidated is that headed by Maden Group Ltd which is incorporated in the United Kingdom. The consolidated financial statements of this company are available to the public and may be obtained from the company's registered office being 1 Kings Avenue, London, United Kingdom, N21 3NA.

13.	COMPARATIVES

The balances presented for the prior year in the comparative financial statements are unaudited, as the company was not required to have its financial statements audited for that year.