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REGISTERED NUMBER: 07620169 (England and Wales)















PUBMATIC LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






PUBMATIC LIMITED (REGISTERED NUMBER: 07620169)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


PUBMATIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr Rajeev Goel
Mr Steve Pantelick



REGISTERED OFFICE: 4 Highlands Court
Cranmore Avenue
Solihull
West Midlands
B90 4LE



BUSINESS ADDRESS: 601 Marshall Street
Redwood City
CA 94063



REGISTERED NUMBER: 07620169 (England and Wales)



AUDITORS: Shareef
Statutory Auditors
4 Highlands Court
Cranmore Avenue
Solihull
West Midlands
B90 4LE



BANKERS: Natwest Bank PLC
P O Box 34
15 Bishopsgate
London
London
EC2P 2AP

PUBMATIC LIMITED (REGISTERED NUMBER: 07620169)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 926,892 1,528,636

CURRENT ASSETS
Debtors 5 2,812,320 2,555,019
Cash at bank 1,832,144 488,538
4,644,464 3,043,557
CREDITORS
Amounts falling due within one year 6 1,942,249 1,491,101
NET CURRENT ASSETS 2,702,215 1,552,456
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,629,107

3,081,092

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 3,629,106 3,081,091
SHAREHOLDERS' FUNDS 3,629,107 3,081,092

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 25 September 2024 and were signed on its behalf by:





Mr Steve Pantelick - Director


PUBMATIC LIMITED (REGISTERED NUMBER: 07620169)

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


1. STATUTORY INFORMATION

PubMatic 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 20% on cost
Plant and machinery etc - 33% on cost

All tangible fixed assets are shown at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

PUBMATIC LIMITED (REGISTERED NUMBER: 07620169)

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


2. ACCOUNTING POLICIES - continued

Going concern
The company is reliant on the financial support of it's parent company to continue trading. The parent company has indicated that it will continue to support the company for at least 12 months from the date of the audit report.

Therefore, the accounts have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 56 (2022 - 49 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 157,835 2,388,866 2,546,701
Additions - 177,007 177,007
Disposals (157,835 ) - (157,835 )
At 31 December 2023 - 2,565,873 2,565,873
DEPRECIATION
At 1 January 2023 154,978 863,087 1,018,065
Charge for year 2,857 775,894 778,751
Eliminated on disposal (157,835 ) - (157,835 )
At 31 December 2023 - 1,638,981 1,638,981
NET BOOK VALUE
At 31 December 2023 - 926,892 926,892
At 31 December 2022 2,857 1,525,779 1,528,636

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 1,701,788 1,332,046
Other debtors 1,110,532 1,222,973
2,812,320 2,555,019

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 130,800 149,179
Taxation and social security 171,386 159,078
Other creditors 1,640,063 1,182,844
1,942,249 1,491,101

PUBMATIC LIMITED (REGISTERED NUMBER: 07620169)

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


7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Naeem Shareef (Senior Statutory Auditor)
for and on behalf of Shareef

8. ULTIMATE CONTROLLING PARTY

The controlling party is PUBMATIC Inc a company incorporated in United States of America..

The parent company's registered office address is 601 Marshall St, Redwood City, CA 94063, USA.



The parent company has a number of shareholders, none of whom own more than 25% of the total share capital of the parent company.