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COMPANY REGISTRATION NUMBER: 09242655
Chartmogul Ltd
Filleted Unaudited Financial Statements
31 December 2023
Chartmogul Ltd
Financial Statements
Year ended 31 December 2023
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
Chartmogul Ltd
Officers and Professional Advisers
The board of directors
N Franklin
B W Walsh
Registered office
71 - 75 Shelton Street
Covent Garden
London
WC2H 9JQ
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
Chartmogul Ltd
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Chartmogul Ltd
Year ended 31 December 2023
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 December 2023, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
Chartmogul Ltd
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Fixed assets
Investments
5
1,675,516
1,953,580
Current assets
Debtors
6
355
355
Cash at bank and in hand
6,684
7,875
-------
-------
7,039
8,230
Creditors: amounts falling due within one year
7
4,403
3,952
-------
-------
Net current assets
2,636
4,278
------------
------------
Total assets less current liabilities
1,678,152
1,957,858
------------
------------
Net assets
1,678,152
1,957,858
------------
------------
Capital and reserves
Called up share capital
17,494
17,494
Share premium account
2,613,408
2,613,408
Share-based payments reserve
16,542
15,371
Profit and loss account
( 969,292)
( 688,415)
------------
------------
Shareholders funds
1,678,152
1,957,858
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Chartmogul Ltd
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 4 September 2024 , and are signed on behalf of the board by:
N Franklin
Director
Company registration number: 09242655
Chartmogul Ltd
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 71 - 75 Shelton Street, Covent Garden, London, WC2H 9JQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling .
Employee benefits
Short term employee benefits are accrued for in the year that they relate to.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
No significant judgements have had to be made by the directors in preparing these financial statements .
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Share-based payments
Equity-settled share-based payment transactions are measured at fair value at the date of grant. The fair value is expensed on a straight-line basis over the vesting period, with a corresponding increase in equity. This is based upon the company's estimate of the shares or share options that will eventually vest which takes into account all vesting conditions and non-market performance conditions, with adjustments being made where new information indicates the number of shares or share options expected to vest differs from previous estimates. Fair value is determined using an appropriate pricing model. All market conditions and non-vesting conditions are taken into account when estimating the fair value of the shares or share options. As long as all other vesting conditions are satisfied, no adjustment is made irrespective of whether market or non-vesting conditions are met.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Investments
Shares in group undertakings
£
Cost
At 1 January 2023
1,953,580
Other movements
( 278,064)
------------
At 31 December 2023
1,675,516
------------
Impairment
At 1 January 2023 and 31 December 2023
------------
Carrying amount
At 31 December 2023
1,675,516
------------
At 31 December 2022
1,953,580
------------
The investments above represents a 100% investment in Chartmogul Technology Canada Ltd., an entity incorporated in Canada, Chartmogul Management GmbH, an entity incorporated in Germany, Chartmogul LLC, an entity incorporated in South Korea and a 100% partnership in Chartmogul GmbH & Co. KG, an entity incorporated in Germany.
6. Debtors
2023
2022
£
£
Other debtors
355
355
----
----
7. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
2,573
2,102
Other creditors
1,830
1,850
-------
-------
4,403
3,952
-------
-------
8. Share-based payments
27,479 options were granted on 23 June 2015 to 3 employees (none of whom are directors), fully vested within 4 years of the grant with a 1 year cliff for the 1st year and then rolling monthly vesting over the remaining 3 years. 75,400 options were granted on 31 March, 19 May and 15 September 2016 to 8 employees (none of whom are directors) with the same conditions as that of 2015. Additionally, 24,500 options were granted to 4 employees on 21 April 2017 and 13,000 options were granted to 1 employee on 21 July 2017, both with the same conditions as that of 2015. During 2023, 16,000 (2022 : 52,250) options were granted and 6,707 (2022 : 9,987) had lapsed. The lapsed options of 1,293 detailed below include an adjustment for 8,000 options in respect of a prior year. The exercise price is £0.067745 ($0.10) per share .
Details of the number and weighted average exercise prices (WAEP) of share options during the year are as follows:
2023
2022
No.
WAEP
No.
WAEP
Outstanding at 1 January 2023
226,889
0.07
184,626
0.07
Granted during the year
16,000
0.07
52,250
0.07
Expired during the year
1,293
0.07
( 9,987)
0.07
---------
-----
---------
-----
Outstanding at 31 December 2023
244,182
0.07
226,889
0.07
---------
-----
---------
-----
Exercisable at 31 December 2023
244,182
184,626
---------
-----
---------
-----
The total expense recognised in profit or loss for the year is as follows:
2023
2022
£
£
Equity-settled share-based payments
1,172
2,863
-------
-------