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REGISTERED NUMBER: 07511538 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

AUDIENCERATE LIMITED

AUDIENCERATE LIMITED (REGISTERED NUMBER: 07511538)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AUDIENCERATE LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTORS: G Leotta
N P G Magnoni
Mrs C Talarico
M Del Tongo





SECRETARY: Regent Premium Secretary Ltd.





REGISTERED OFFICE: 7 Bell Yard
London
WC2A 2JR





REGISTERED NUMBER: 07511538 (England and Wales)





ACCOUNTANTS: Vera Group Ltd
15 Hanover Square
London
W1S 1HS

AUDIENCERATE LIMITED (REGISTERED NUMBER: 07511538)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 853,030 432,941
Tangible assets 5 536 1,403
Investments 6 11,263 2,645
864,829 436,989

CURRENT ASSETS
Debtors 7 671,791 331,117
Cash at bank 72,814 36,680
744,605 367,797
CREDITORS
Amounts falling due within one year 8 3,852,334 3,643,018
NET CURRENT LIABILITIES (3,107,729 ) (3,275,221 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,242,900

)

(2,838,232

)

CAPITAL AND RESERVES
Called up share capital 1,067 1,000
Share premium 884,115 -
Other reserves 11,023 11,023
Retained earnings (3,139,105 ) (2,850,255 )
(2,242,900 ) (2,838,232 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

AUDIENCERATE LIMITED (REGISTERED NUMBER: 07511538)

BALANCE SHEET - continued
31 January 2024


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 6 May 2024 and were signed on its behalf by:





G Leotta - Director


AUDIENCERATE LIMITED (REGISTERED NUMBER: 07511538)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Audiencerate 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 presentation currency of the financial statements is the Pound Sterling (£).


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 accounts have been prepared on the going concern basis. At the balance sheet date the company has net liabilities. The directors are of the opinion that the shareholders of the company will continue to support it, and provide adequate funding when necessary to enable it to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of the financial statements.

Preparation of consolidated financial statements
The financial statements contain information about Audiencerate Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

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 - 33% on cost

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

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

AUDIENCERATE LIMITED (REGISTERED NUMBER: 07511538)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

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 2 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023 474,712
Additions 420,089
At 31 January 2024 894,801
AMORTISATION
At 1 February 2023
and 31 January 2024 41,771
NET BOOK VALUE
At 31 January 2024 853,030
At 31 January 2023 432,941

AUDIENCERATE LIMITED (REGISTERED NUMBER: 07511538)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2023
and 31 January 2024 3,839
DEPRECIATION
At 1 February 2023 2,436
Charge for year 867
At 31 January 2024 3,303
NET BOOK VALUE
At 31 January 2024 536
At 31 January 2023 1,403

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023 2,645
Additions 8,618
At 31 January 2024 11,263
NET BOOK VALUE
At 31 January 2024 11,263
At 31 January 2023 2,645

AUDIENCERATE LIMITED (REGISTERED NUMBER: 07511538)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 91,214 55,806
Amounts owed by group undertakings 1,119 1,119
Other debtors 150,027 154,741
Tax 317,498 -
VAT 32,551 7,661
Prepayments and accrued income 76,678 109,514
Prepayments 2,704 2,276
671,791 331,117

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 588,648 582,305
Amounts owed to group undertakings 3,066,469 2,691,870
Social security and other taxes 131,636 189,477
Other creditors 211 9,578
Accrued expenses 65,370 169,788
3,852,334 3,643,018

9. RELATED PARTY DISCLOSURES

During the year the company was charged management fees of £224,956 (2023: £226,939) by Milano Venture Srl - 67% (2023: 71%) shareholder and £145,491 (2023: £153,200) was included in Other debtors. At the balance sheet date the interest-free loan of £1,242,730 (2023: £1,242,730) was owed to Milano Venture Srl.

10. ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent undertaking is Milano Venture Srl, a company incorporated in Italy, and its registered office address is Via Caradosso 17, Milano, 20123 Italy.