for the Period Ended 31 December 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 December 2023
Additional information
Going concernThe Company made a loss of £300,939 (2022: profit £733,627) in the year and has net liabilities of£3,289,976 (2022: £2,989,037) The financial statements have been prepared on the going concern basis,which the directors believe to be appropriate for the following reasons. No material uncertainties thatmay cast significant doubt about the ability of the Company to continue as a going concern have beenidentified by the directors. The parent company ParshipMeet Holding GmbH provided a letter of supportthat it will continue to provide financial support until 30 June 2025. We also refer to note 2.3.1 to thefinancial statements.The directors, having assessed the responses of the directors of the company's affiliate ParshipMeetHolding GmbH to their enquiries have no reason to believe that a material uncertainty exists that maycast significant doubt about the ability of eHarmony UK Limited to continue as a going concern. Aftermaking these detailed enquiries, the directors are confident that ParshipMeet Holding GmbH hassufficient resources to enable it to provide financial support.On the basis of their assessment of the company's financial position and the letter of support providedas set out above, the Company's directors have reasonable expectation that the Company will be ableto continue in operational existence for the foreseeable future. Thus, they continue to adopt the goingconcern basis of accounting in preparing the annual financial statements.Directors’ responsibilities statementThe directors are responsible for preparing the Directors’ Report and the financial statements in accordance with applicable United Kingdom law and regulations.Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland (“FRS 102”)’. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.In preparing these financial statements, the directors are required to:-select suitable accounting policies in accordance with the Company’s financial statements, Section 10 of FRS 102 and then apply them consistently;-make judgements and accounting estimates that are reasonable and prudent;-present information, including accounting policies, in a manner that provides relevant, reliable, comparable and understandable information;-state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.Under applicable law and regulations, the directors are also responsible for preparing a Directors’ Report that complies with that law and those regulations. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company’s website.Qualifying third party indemnity provisionsThe Company has granted an indemnity to one or more of its directors against liability in respect of proceedings brought by third parties, subject to the conditions set out in section 234 of the Companies Act 2006. Such qualifying third party indemnity provision remain in force as at the date of approving the Directors’ Report.Subsequent eventsOn 18 March 2024, the Company exercised an additional utilisation request under the loan agreement dated 16 August 2021 between eHarmony UK Limited and ParshipMeet Holding GmbH, increasing the loan amount by £300,000 to £3,525,000.Disclosure of information to auditorsEach of the persons who are directors at the time when this Directors’ Report is approved has confirmed that:-so far as they are each aware, there is no relevant audit information of which the Company's auditors are unaware; and-each director has taken all the steps that he ought to have taken as a director to make himself aware of any relevant audit information and to establish that the Company's auditors are aware of that information.Small companies’ noteIn preparing this report, the directors have taken advantage of the small companies’ exemptions provided by section 415A of the Companies Act 2006.The Company has taken advantage of the small companies’ exemptions provided by sections 414A(2) and 414B of the Companies Act 2006 and has not prepared a Strategic Report.This report was approved by the board and signed on its behalf.
Directors
The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2023 | 2022 | |
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| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Distribution costs: | ( | ( |
Administrative expenses: | ( | ( |
Other operating income: | | |
Operating profit(or loss): | ( | |
Interest payable and similar charges: | ( | ( |
Profit(or loss) before tax: | ( | |
Tax: | | |
Profit(or loss) for the financial year: | ( | |
As at
Notes | 2023 | 2022 | |
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| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Debtors: | 4 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 5 | ( | ( |
Net current assets (liabilities): | ( | ( | |
Total assets less current liabilities: | ( | ( | |
Provision for liabilities: | ( | ( | |
Total net assets (liabilities): | ( | ( | |
Capital and reserves | |||
Called up share capital: | | | |
Profit and loss account: | ( | ( | |
Total Shareholders' funds: | ( | ( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2023
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 December 2023
2023 | 2022 | |
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Average number of employees during the period | | |
for the Period Ended 31 December 2023
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 January 2023 | | | | |||
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Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 December 2023 | | | | |||
Depreciation | ||||||
At 1 January 2023 | | | | |||
Charge for year | | | ||||
On disposals | ||||||
Other adjustments | ||||||
At 31 December 2023 | | | | |||
Net book value | ||||||
At 31 December 2023 | | | | |||
At 31 December 2022 | | | |
for the Period Ended 31 December 2023
2023 | 2022 | |
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£ | £ | |
Trade debtors | | |
Other debtors | | |
Total | | |
Debtors due after more than one year: | |
for the Period Ended 31 December 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Trade creditors | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |