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Registered number: 06236880 (England and Wales)














MARKETRESEARCH.COM LIMITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023


 
MARKETRESEARCH.COM LIMITED
 

 
COMPANY INFORMATION


Director
R Granader 




Registered number
06236880



Registered office
Birchin Court
5th Floor

19-25 Birchin Lane

London

United Kingdom

EC3V 9DU




Independent auditors 
ZEDRA Corporate Reporting Services (UK) Limited






 
MARKETRESEARCH.COM LIMITED
 


CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 4



 
MARKETRESEARCH.COM LIMITED
REGISTERED NUMBER:06236880


BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
532,187
422,532

Bank and cash balances
  
242,688
326,502

  
774,875
749,034

Creditors: amounts falling due within one year
 5 
(64,709)
(62,561)

Net current assets
  
 
 
710,166
 
 
686,473

Total assets less current liabilities
  
710,166
686,473

  

Net assets
  
710,166
686,473


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
709,166
685,473

  
710,166
686,473


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

R Granader
Director

Date: 30 September 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1


 
MARKETRESEARCH.COM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
1.2

Going concern

The Company's parent company was acquired post year end by AlphaSense, Inc.. Following the acquisition, the directors intend to transfer all trade and assets to another group entity. As a result, these financial statements have been prepared on a basis other than going concern.

 
1.3

Turnover

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

Rendering of services

Turnover is recognised on a cost plus 5% basis, in line with the intercompany service agreement with the parent company. Intercompany turnover is recognised when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the intercompany service agreement;
the costs incurred under the intercompany service agreement can be measured reliably.

 
1.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
1.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 2


 
MARKETRESEARCH.COM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies (continued)

 
1.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Amounts owed by group undertakings are intercompany loans measured at cost. No interest is charged on the loans, which are repayable on demand. 

 
1.7

Creditors

Short-term creditors are measured at the transaction price. 


2.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified, though the auditor drew attention to note 1.2 to these accounts which indicates the existence of material uncertainty which may cause significant doubt about the Company's ability to continue as a going concern. 

The audit report was signed on 8 October 2024 by Nick Whitehead FCCA (Senior Statutory Auditor) on behalf of ZEDRA Corporate Reporting Services (UK) Limited.


3.


Employees

The average monthly number of employees during the year was 7 (2022 - 7).


4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
519,488
411,797

Other debtors
10,579
7,482

Prepayments and accrued income
2,120
3,253

532,187
422,532



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,571
16,931

Corporation tax
8,998
6,632

Accruals and deferred income
54,140
38,998

64,709
62,561


Page 3


 
MARKETRESEARCH.COM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Contingent liability

The Company is involved in legal proceedings with a former employee regarding an unfair dismissal settlement claim. As of 31 December 2023, the outcome of these proceedings remains uncertain. As the claimant has not responded to the offers made to date, management are unable to reliably estimate the potential financial impact of this but the best estimate of financial impact is a cost of £25,000.


7.


Controlling party

MarketResearch.com, Inc., is the parent of the smallest group for which consolidated financial statements are drawn up of which the Company is a member. The registered office of the parent company is 6116 Executive Blvd., Suite 550, North Bethesda, MD 20852-4903, USA. 


8.


Post balance sheet events

On 4 June 2024, MarketResearch.com, Inc., the parent company, was acquired by AlphaSense, Inc., and as a result, the Director intends to transfer all employees and assets to another group entity and dissolve the Company. This is considered a non-adjusting event.
There are no other adjusting or other non-adjusting events occurring between the end of the reporting
period and the date these financial statements were approved.

 
Page 4