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REGISTERED NUMBER: 05754142 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

FOR

EMPATHICA UK LIMITED

EMPATHICA UK LIMITED (REGISTERED NUMBER: 05754142)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EMPATHICA UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2022







Directors: Gary Norman Challburg
John Lewis
Iryna Zalyapska
Kimberly Hutchinson Gerard





Secretary: Vistra Cosec Limited





Registered office: First Floor Templeback
10 Temple Back
Bristol
BS1 6FL





Registered number: 05754142 (England and Wales)





Auditors: Fuller & Roper Limited
Chartered Accountants and Statutory Auditors
12 Old Mills Industrial Estate
Paulton
BS39 7SU

EMPATHICA UK LIMITED (REGISTERED NUMBER: 05754142)

BALANCE SHEET
30 NOVEMBER 2022

2022 2021
Notes £    £   
FIXED ASSETS
Intangible assets 4 189 1,332
Tangible assets 5 74,788 72,697
74,977 74,029

CURRENT ASSETS
Debtors 6 3,093,580 2,578,244
Cash at bank 127,583 96,728
3,221,163 2,674,972
CREDITORS
Amounts falling due within one year 7 (504,833 ) (417,249 )
NET CURRENT ASSETS 2,716,330 2,257,723
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,791,307

2,331,752

CREDITORS
Amounts falling due after more than one year 8 (9,151 ) (28,875 )
NET ASSETS 2,782,156 2,302,877

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 518,799 518,799
Retained earnings 2,263,257 1,783,978
SHAREHOLDERS' FUNDS 2,782,156 2,302,877

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 17 November 2023 and were signed on its behalf by:





Iryna Zalyapska - Director


EMPATHICA UK LIMITED (REGISTERED NUMBER: 05754142)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

1. STATUTORY INFORMATION

Empathica UK Limited 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 Company's functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

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.

Turnover
Turnover is derived from the transfer pricing agreement in place.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intangible Assets is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable 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 initially recognised at transaction price.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

EMPATHICA UK LIMITED (REGISTERED NUMBER: 05754142)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022

2. ACCOUNTING POLICIES - continued

Intercompany loans
Inter company loans are unsecured, interest free and repayable on demand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 67 (2021 - 52 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
Cost
At 1 December 2021
and 30 November 2022 3,091
Amortisation
At 1 December 2021 1,759
Charge for year 1,143
At 30 November 2022 2,902
Net book value
At 30 November 2022 189
At 30 November 2021 1,332

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 December 2021 176,062
Additions 39,573
Disposals (21,503 )
At 30 November 2022 194,132
Depreciation
At 1 December 2021 103,365
Charge for year 37,482
Eliminated on disposal (21,503 )
At 30 November 2022 119,344
Net book value
At 30 November 2022 74,788
At 30 November 2021 72,697

EMPATHICA UK LIMITED (REGISTERED NUMBER: 05754142)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by participating interests 2,877,607 2,368,792
Other debtors 100 349
VAT 26,408 14,424
Prepayments 189,465 194,679
3,093,580 2,578,244

Amounts owed by participating interests are unsecured, interest free and repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 19,006 51,262
Tax 115,414 8,378
Other creditors 90,289 6,821
Accrued expenses 280,124 350,788
504,833 417,249

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Other creditors 9,151 28,875

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

The Report of the Auditors was unqualified.

Simon Roper (Senior Statutory Auditor)
for and on behalf of Fuller & Roper Limited

10. FINANCIAL COMMITMENTS

The financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £237,944 (2021: £344,971)

11. RELATED PARTY DISCLOSURES

The Company has taken advantage of the exemption under FRS 102 section 33.1A as a qualifying entity from disclosing related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is a wholly owned be a member of that group.

12. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is ICE Parent Inc., a company incorporated in the United States.

It is the opinion of the directors that there is no one ultimate controlling party.