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REGISTERED NUMBER: 07736672 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Appear Here Limited

Appear Here Limited (Registered number: 07736672)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Appear Here Limited (Registered number: 07736672)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 30,537 28,005
Tangible assets 5 16,869 18,916
Investments 6 590 590
47,996 47,511

CURRENT ASSETS
Debtors 7 4,445,683 4,467,495
Cash at bank 1,050,769 1,318,625
5,496,452 5,786,120
CREDITORS
Amounts falling due within one year 8 (1,338,956 ) (3,705,909 )
NET CURRENT ASSETS 4,157,496 2,080,211
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,205,492

2,127,722

CAPITAL AND RESERVES
Called up share capital 6,565 4,391
Share premium 28,567,471 25,448,247
Share options reserve 781,038 781,038
Equity reserve 10 - 150,522
Retained earnings (25,149,582 ) (24,256,476 )
4,205,492 2,127,722

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.

Appear Here Limited (Registered number: 07736672)

Balance Sheet - continued
31 December 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





Mr R A Bailey - Director


Appear Here Limited (Registered number: 07736672)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Appear Here Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07736672

Registered office: 13-19 Vine Hill
London
EC1R 5DW

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.

Turnover
Turnover represents the total invoice value, excluding value added tax, of commission income made during the year.

Commission income is recognised when the landlord invoices the tenant.

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.

Intellectual property are being amortised evenly over their estimated useful life of five years.

Domain names are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - Straight line over the life of the lease
Improvements to property - Straight line over the life of the lease
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any impairment.

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.

Appear Here Limited (Registered number: 07736672)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Share-based payments
The grant date fair value of share-based payments awards granted to employees is recognised as an employee expense, with a corresponding increase in equity, over the period in which the employees become
unconditionally entitled to the awards. The fair value of the awards granted is measured using an option valuation model, taking into account the terms and conditions upon which the awards were granted. The amount recognised as an expense is adjusted to reflect the actual number of awards for which the related service and non-market vesting conditions are expected to be met, such that the amount ultimately recognised as an expense is based on the number of awards that do meet the related service and non-market performance conditions at the vesting date. For share-based payment awards with non-vesting conditions, the grant date fair value of the share-based payment is measured to reflect such conditions and there is no true-up for differences between expected and actual outcomes.

Share-based payment transactions in which the company receives goods or services by incurring a liability to
transfer cash or other assets that is based on the price of the company's equity instruments are accounted for as cash-settled share-based payments. The fair value of the amount payable to employees is recognised as an expense, with a corresponding increase in liabilities, over the period in which the employees become
unconditionally entitled to payment. The liability is remeasured at each balance sheet date and at settlement date. Any changes in the fair value of the liability are recognised as personnel expense in profit or loss.

Shares issued in exchange for goods or services are recorded at the fair value of the goods or services received from the supplier.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 54,794
Additions 11,774
At 31 December 2023 66,568
AMORTISATION
At 1 January 2023 26,789
Charge for year 9,242
At 31 December 2023 36,031
NET BOOK VALUE
At 31 December 2023 30,537
At 31 December 2022 28,005

Appear Here Limited (Registered number: 07736672)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 8,779 289,758 298,537
Additions 5,678 6,877 12,555
Impairments (8,779 ) - (8,779 )
At 31 December 2023 5,678 296,635 302,313
DEPRECIATION
At 1 January 2023 5,780 273,841 279,621
Charge for year 1,136 10,467 11,603
Impairments (5,780 ) - (5,780 )
At 31 December 2023 1,136 284,308 285,444
NET BOOK VALUE
At 31 December 2023 4,542 12,327 16,869
At 31 December 2022 2,999 15,917 18,916

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 590
NET BOOK VALUE
At 31 December 2023 590
At 31 December 2022 590

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 191,936 281,438
Amounts owed by group undertakings 4,087,017 4,113,770
Other debtors 166,730 72,287
4,445,683 4,467,495

Appear Here Limited (Registered number: 07736672)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 103,722 121,424
Amounts owed to group undertakings 464,581 161,318
Taxation and social security 96,753 82,507
Other creditors 673,900 3,340,660
1,338,956 3,705,909

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year - 27,500
Between one and five years - 82,500
- 110,000

10. RESERVES
Equity
reserve
£   
At 1 January 2023 150,522
Issued during the year (150,522 )

At 31 December 2023 -

Appear Here Limited (Registered number: 07736672)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

11. SHARE-BASED PAYMENT TRANSACTIONS

The Company operates an Enterprise Management Incentive Share Option Scheme, a French qualified share option plan, an Unapproved Share Option Scheme and an Incentive Stock options scheme. Options are granted to employees, senior employees and directors at the market price of the Company's ordinary shares. The options vest from 1 to 4 years following grant date. Options will not vest unless the employee remains in the service of the Company and provided the relevant criteria is met. The options are exercisable up until the 10th anniversary from the date of grant.

Reconciliations of the number and weighted average exercise price by option scheme are presented below.


Share option type

Date of Grant
Number of
Shares


Enterprise Management Incentive
22/05/2015 -
31/12/2021

893,872


Unapproved Share Options
22/05/2015 -
31/12/2021

3,172,934


Incentive Stock Option
09/08/2017 -
31/12/2021

6,974


French Qualified Share Options
08/10/2018 -
31/12/2021

3,862

Total4,077,642







EMI Scheme


Unapproved
Scheme


ISO
Scheme


French
Scheme
Weighted
average
exercise
price
Number of shares
At 1 January 2023893,8723,172,9346,9743,862£0.12
Granted----£0.12
Exercised in the year----£0.12
Lapsed in the year----£0.12
Outstanding as at 31 December 2023893,8723,172,9346,9743,862£0.12
Exercisable as at 31 December 2023811,8723,172,9346,9743,862£0.12


The total charge for the period was £nil (2022 : £nil).
The total figure included in reserves as at 31 December 2023 is £781,038 (2022: £781,038).