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REGISTERED NUMBER: 14241120 (England and Wales)






























FINANCIAL STATEMENTS

FOR THE PERIOD

18 JULY 2022 TO 31 DECEMBER 2023

FOR

REVIEWS.IO LTD

REVIEWS.IO LTD (REGISTERED NUMBER: 14241120)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 18 JULY 2022 TO 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


REVIEWS.IO LTD

COMPANY INFORMATION
FOR THE PERIOD 18 JULY 2022 TO 31 DECEMBER 2023







DIRECTORS: Mr C McKeefery
Mr KL Eng
Mr TJ Goodwin



SECRETARY: Oakwood Corporate Secretary Limited



REGISTERED OFFICE: Granville Hall
Granville Road
Leicester
LE1 7RU



REGISTERED NUMBER: 14241120 (England and Wales)



SENIOR STATUTORY AUDITOR: Mr Mark Harrison BA(Hons) FCA



INDEPENDENT AUDITORS: Mark J Rees LLP Chartered Accountants
and Statutory Auditors
Granville Hall
Granville Road
Leicester
LE1 7RU

REVIEWS.IO LTD (REGISTERED NUMBER: 14241120)

BALANCE SHEET
31 DECEMBER 2023

Notes £    £   
FIXED ASSETS
Intangible assets 4 47,967,516
Tangible assets 5 75,339
Investments 6 1,364,699
49,407,554

CURRENT ASSETS
Debtors 7 3,595,900
Cash at bank 1,305,514
4,901,414
CREDITORS
Amounts falling due within one year 8 3,887,562
NET CURRENT ASSETS 1,013,852
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,421,406

PROVISIONS FOR LIABILITIES 11 28,694
NET ASSETS 50,392,712

CAPITAL AND RESERVES
Called up share capital 56,261,475
Retained earnings (5,868,763 )
SHAREHOLDERS' FUNDS 50,392,712

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 18 April 2024 and were signed on its behalf by:





Mr TJ Goodwin - Director


REVIEWS.IO LTD (REGISTERED NUMBER: 14241120)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 18 JULY 2022 TO 31 DECEMBER 2023


1. STATUTORY INFORMATION

Reviews.io 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 (£).


The company was incorporated on 18th July 2022 and has a year end of 31st December 2023, representing a 17 month period.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Revenue comprises the fair value for the provision of services excluding value added taxes and represents net invoice value less estimated rebates, returns and settlement discounts.

The company supplies services to customers online from its offices, under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on completion of the service.

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 ten years.

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.

Computer software 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.
Improvements to property - 20% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.


REVIEWS.IO LTD (REGISTERED NUMBER: 14241120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 18 JULY 2022 TO 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Operating lease
Operating lease rentals are charged in the profit and loss account on a straight line basis over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 32 .

REVIEWS.IO LTD (REGISTERED NUMBER: 14241120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 18 JULY 2022 TO 31 DECEMBER 2023


4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
Additions 54,731,109 88,910 54,820,019
At 31 December 2023 54,731,109 88,910 54,820,019
AMORTISATION
Amortisation for period 6,841,389 11,114 6,852,503
At 31 December 2023 6,841,389 11,114 6,852,503
NET BOOK VALUE
At 31 December 2023 47,889,720 77,796 47,967,516

5. TANGIBLE FIXED ASSETS
Improvements
to Computer
property equipment Totals
£    £    £   
COST
Additions 45,616 63,055 108,671
At 31 December 2023 45,616 63,055 108,671
DEPRECIATION
Charge for period 13,982 19,350 33,332
At 31 December 2023 13,982 19,350 33,332
NET BOOK VALUE
At 31 December 2023 31,634 43,705 75,339

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 1,364,699
At 31 December 2023 1,364,699
NET BOOK VALUE
At 31 December 2023 1,364,699

REVIEWS.IO LTD (REGISTERED NUMBER: 14241120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 18 JULY 2022 TO 31 DECEMBER 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 4,996
Amounts owed by group undertakings 3,460,061
Other debtors 110,562
Prepayments 20,281
3,595,900

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 22,242
Amounts owed to group undertakings 2,680,532
Taxation 297,302
Paye/Ni payable 44,001
VAT 326,302
Other creditors 21,200
Accruals and deferred income 495,983
3,887,562

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£   
Within one year 50,000
Between one and five years 150,000
In more than five years 266,667
466,667

10. SECURED DEBTS

The company has both fixed and floating charges on a loan from the parent company Apphub LLC, this loan is shown in the Apphub UK Holdings Limited accounts.

11. PROVISIONS FOR LIABILITIES
£   
Deferred tax
Accelerated capital allowances 28,694

REVIEWS.IO LTD (REGISTERED NUMBER: 14241120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 18 JULY 2022 TO 31 DECEMBER 2023


11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Movement in provision 28,694
Balance at 31 December 2023 28,694

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

The Report of the Auditors was unqualified.

Mr Mark Harrison BA(Hons) FCA (Senior Statutory Auditor)
for and on behalf of Mark J Rees LLP Chartered Accountants

13. RELATED PARTY DISCLOSURES

A management charge of £993,500 was paid to AppHub UK Holdings Limited in the period.

A management charge of £35,101 was paid to AppHub LLC in the period.

A management charge of £322,925 was received from Reviews.io 2020 GmbH in the period.

During the period the company rented premises in the normal course of business from Mr C McKeefery at a cost of £62,500.

Within creditors is a balance of £5,203 owed to related companies.

No interest was charged on the above balance.

14. ULTIMATE CONTROLLING PARTY

The company's parent company at the balance sheet date is AppHub UK Holdings Limited, a private limited company incorporated and registered in England and Wales. The registered office of AppHub UK Holdings Limited is 3rd Floor, 1 Ashley Road, Altrincham, Cheshire, United Kingdom, WA14 2DT and copies of the financial statements are available from Companies House, Crown Way, Cardiff, VF14 3UZ.

The ultimate parent company and controlling party is AppHub JV Holdings GP, LLC and is an American public limited company. The group accounts can be found at Corporation Trust Centre 1209 Orange State, Wilmington, New Castle, DE, 19801.