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Related party balances | 12 Months Ended
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Jun. 30, 2024
Related Party Transactions [Abstract] |
Related party balances | 21. Related party balances Related party balances The amount due to related parties consisted of the following: Schedule of Due to Related Party Transactions
|  |  |  | As of June 30, |
Name |  | Relationship |  | 2023 |  |  | 2024 |  |  | 2024 |
|  |  |  | GBP |  |  | GBP |  |  | US$ |
Mr. Michael Lau |  | Executive Director and Chief Technology Officer |  |  | 1,718,182 |  |  |  | 3,291 |  |  |  | 4,160 |
Mr. Kevin Cox |  | Executive Director and Chief Executive Officer |  |  | 216,885 |  |  |  | - |  |  |  | - |
Total |  |  |  |  | 1,935,067 |  |  |  | 3,291 |  |  |  | 4,160 |
The above amounts were unsecured, non-interest bearing and repayable on demand. The amounts were non-trade in nature. The loan from related parties consisted of the following: Schedule of Loan Related Party Transactions
Name |  | Relationship |  | As of June 30, 2023 |  |  | As of June 30, 2024 |  |  | As of June 30, 2024 |
|  |  |  | GBP |  |  | GBP |  |  | US$ |
Mr. Kevin Cox |  | Executive Director and Chief Executive Officer |  |  | - |  |  |  | 671,809 |  |  |  | 849,167 |
The amount due to Mr. Kevin Cox amounted to GBP671,809 (US$849,167) as of June 30, 2024, is interest bearing at 20% per annum, repayable on a monthly basis and non-trade in nature. The contract period is from March 2024 to March 2025. Related party transaction The related party transaction was as follows: Schedule of Related Party Transactions
|  |  |  |  |  | For the years ended June 30, |
Name |  | Relationship |  | Nature |  | 2023 |  |  | 2024 |  |  | 2024 |
|  |  |  |  |  | GBP |  |  | GBP |  |  | US$ |
Mr. Kevin Cox |  | Executive Director and Chief Executive Officer |  | Interest expense on loan from a director |  |  | - |  |  |  | 50,325 |  |  |  | 63,611 |
Preferred Shares exchanged for amounts due to related parties There were amount due to Mr. Michael Lau and Mr. Kevin Cox of GBP2,273,863 (US$2,874,163) exchanged to Preferred Shares during the year ended June 30, 2024. Please refer to note 23 for the details. Sale of Preferred Shares for cash In April 2024, the Company offered its shareholders, pro rata, the right to acquire an aggregate of 120,000 Preferred Shares for cash at approximately GBP1.978 (US$2.5) per share, or in aggregate GBP237,342 (US$300,000). Please refer to note 23 for the details.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-5 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-6 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(g)(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(c)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(e)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/850/tableOfContent Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-6 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 + Details
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