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REGISTERED NUMBER: 13074234 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MYDIDIMO UK LTD

MYDIDIMO UK LTD (REGISTERED NUMBER: 13074234)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MYDIDIMO UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Ms A Fraser-Harris
Ms V Orvalho





REGISTERED OFFICE: 8 Andover Road
Southsea
PO4 9QG





REGISTERED NUMBER: 13074234 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

MYDIDIMO UK LTD (REGISTERED NUMBER: 13074234)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 9,642 -

CURRENT ASSETS
Debtors 5 59,626 1,543
Prepayments and accrued income 16,408 560
Cash at bank 949,844 43,252
1,025,878 45,355
CREDITORS
Amounts falling due within one year 6 2,432,355 1,075,377
NET CURRENT LIABILITIES (1,406,477 ) (1,030,022 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,396,835

)

(1,030,022

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 (1,396,935 ) (1,030,122 )
(1,396,835 ) (1,030,022 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2024 and were signed on its behalf by:




Ms A Fraser-Harris - Director


MYDIDIMO UK LTD (REGISTERED NUMBER: 13074234)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Mydidimo Uk 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 presentational currency of the financial statements is the pound sterling (£) which is 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.

Going concern
The directors have received confirmation from group members that financial support will not be withdrawn in the 12 months from the date of signature of these financial statements.

On this basis the directors believe the going concern basis remains appropriate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of information technology services are recognised when the services have been delivered and the significant risks and rewards of the services have been transferred to the buyer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


MYDIDIMO UK LTD (REGISTERED NUMBER: 13074234)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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 6 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
Additions 10,838
At 31 December 2023 10,838
DEPRECIATION
Charge for year 1,196
At 31 December 2023 1,196
NET BOOK VALUE
At 31 December 2023 9,642

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 58,910 -
Other debtors 716 1,543
59,626 1,543

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 1,053 1,184
Amounts owed to group undertakings 2,348,048 1,044,303
Taxation and social security 13,504 19,146
Other creditors 69,750 10,744
2,432,355 1,075,377

7. FINANCIAL INSTRUMENTS

Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 section 11. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

MYDIDIMO UK LTD (REGISTERED NUMBER: 13074234)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. RESERVES
Retained
earnings
£

At 1 January 2023 (1,030,122 )
Deficit for the year (366,813 )
At 31 December 2023 (1,396,935 )

9. ULTIMATE CONTROLLING PARTY

The results of Mydidimo UK Ltd are consolidated into their parent company Didimo Inc, a company registered and domiciled in the United States. Group accounts are available from Didimo Inc, 3500 South Dupont, Highway, Dover, Country of Kent, State of Delaware, United States, 19901.