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

Pop Beauty Ltd. is a private company limited by shares incorporated in England and Wales. The registered office is Suite 395, 50 Eastcastle Street, London, W1W 8EA.

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.

At the balance sheet date the company has net liabilities of £396,923. These are derived from the amounts owed to group companies of £393,344. The directors believe that the company will continue to be a going concern for the foreseeable future because the company's fellow subsidiary undertakings have confirmed that it is not their intention to discontinue their financial support of the company.

Turnover is measured at the fair value of the consideration received or receivable and excludes sales

allowances, discounts or credits offered to customers and excludes valued added tax and other sales taxes.

For wholesale sales, the company records sales when products are shipped from the company warehouse, the

amount of revenue can be measured reliably and collection of revenues is probable.

Sales made directly to consumers are made through the company's own retail premises, the company's online

shop and at individual sales events attended by the company. Revenue is recognised when finished cosmetic

products are passed to the consumer.

Stocks are valued at the lower of weighted average cost and net realisable value, after making due allowance for obsolete and slow moving items. Stocks consist of finished cosmetic products.

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

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 May 2025 and of its loss for the 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.

On 18 February 2020 and on 1 July 2020 fixed charges on the assets of the company were created in favour of Bank of America, NA with respect to credit facilities made available to the company and fellow group undertakings.

At the balance sheet date the parent and ultimate holding entity was The Glad Trust.

The ultimate controlling party is P Strand.