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REGISTERED NUMBER: 09232100 (England and Wales)










STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DATAMINR UK LTD

DATAMINR UK LTD (REGISTERED NUMBER: 09232100)






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




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Income Statement 6

Other Comprehensive Income 7

Balance Sheet 8

Statement of Changes in Equity 9

Cash Flow Statement 10

Notes to the Cash Flow Statement 11

Notes to the Financial Statements 12


DATAMINR UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







Directors: Mr P B Bailey
Mr. G Hacker





Registered office: 5 New Street Square
London
England
EC4A 3TW





Registered number: 09232100 (England and Wales)





Auditors: Mark Arber Limited
Statutory Auditors
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ

DATAMINR UK LTD (REGISTERED NUMBER: 09232100)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023

The Company is a wholly owned subsidiary of Dataminr Inc, a company incorporated in the United States of America. Its principle activity is to provide sales assistance to its parent company under the terms of an intercompany service agreement signed on the 1st January 2015. The agreement with the parent company provides for the Dataminr UK Limited to receive fees from the parent company based on its costs plus 4.5%.

Review of business
The results as set out on pages 7 and 9 of the financial statements show a profit on ordinary activities before tax of £861,718 (2022: £999,216). The shareholders' funds of the Company total £4,031,447 (2022: £3,282,018).

The directors of the Company monitor the progress of the Company by reference to the Key Performance Indicator on turnover, namely that turnover should be maintained are 104.5% of costs, in line with the agreement.

Principal risks and uncertainties
Most of the company's turnover is derived from sales to its parent company under the agreement. The company's principle risk is therefore that the parent company terminates its agreement with Dataminr UK Limited. When approving the financial statement, the directors consider the risk that the potential withdrawal from the agreement would have on the business and assess the likelihood of such an action. The directors are confident that the intercompany service agreement will remain in effect for a period exceeding twelve months from the date of approval of these financial statements.

On behalf of the board:





Mr P B Bailey - Director


19 December 2024

DATAMINR UK LTD (REGISTERED NUMBER: 09232100)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2023

The directors present their report with the financial statements of the Company for the year ended 31 December 2023.

Principal activity
The principal activity of the Company in the year under review was that of providing marketing and sales support to group companies.

Dividends
No dividends will be distributed for the year ended 31 December 2023.

Directors
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

Mr P B Bailey
Mr. G Hacker

Statement of directors' responsibilities
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to disclosure of information to auditors
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the Company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Auditors
The auditors, Mark Arber Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:





Mr P B Bailey - Director


19 December 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
DATAMINR UK LTD

Opinion
We have audited the financial statements of Dataminr UK Ltd (the 'Company') for the year ended 31 December 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the Company's affairs as at 31 December 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
DATAMINR UK LTD


Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the Company and determined that the most significant frameworks which are directly relevant to specific assertions in the financial statements are those that relate to the reporting framework including the Companies Act 2006 and the relevant tax compliance regulations in the UK

We understood how the Company is complying with those frameworks by making enquiries of management and those responsible for legal and compliance procedures.

We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur by meeting with management from various parts of the business to understand where it considered there was a susceptibility to fraud. We also considered performance targets and their propensity to influence efforts made by management to manage the results. We considered the controls that the Company has established to address risks identified, or that otherwise prevent, deter and detect fraud; and how senior management monitors those programmes and controls. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included testing manual journals and were designed to provide reasonable assurance that the financial statements were free from fraud and error.

Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations identified in the paragraphs above. Our procedures involved journal entry testing, with a focus on journals indicating large or unusual transactions based on our understanding of the business, enquiries of Company management and focused testing. In addition, we completed procedures to conclude on the compliance of the disclosures in the Annual Report and Accounts with the requirements of the relevant accounting standards and UK legislation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Mark Arber (Senior Statutory Auditor)
for and on behalf of Mark Arber Limited
Statutory Auditors
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ

26 December 2024

DATAMINR UK LTD (REGISTERED NUMBER: 09232100)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £   

TURNOVER 22,105,533 27,106,645

Administrative expenses (21,259,385 ) (26,109,548 )
OPERATING PROFIT 4 846,148 997,097

Interest receivable and similar income 23,472 2,119
869,620 999,216

Interest payable and similar expenses 5 (7,902 ) -
PROFIT BEFORE TAXATION 861,718 999,216

Tax on profit 6 (183,180 ) (201,426 )
PROFIT FOR THE FINANCIAL YEAR 678,538 797,790

DATAMINR UK LTD (REGISTERED NUMBER: 09232100)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £   

PROFIT FOR THE YEAR 678,538 797,790


OTHER COMPREHENSIVE INCOME
Other Reserves 70,891 154,346
Income tax relating to other comprehensive
income

-

-
OTHER COMPREHENSIVE INCOME FOR
THE YEAR, NET OF INCOME TAX

70,891

154,346
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

749,429

952,136

DATAMINR UK LTD (REGISTERED NUMBER: 09232100)

BALANCE SHEET
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £   
FIXED ASSETS
Tangible assets 7 141,596 295,793

CURRENT ASSETS
Debtors 8 3,623,841 2,861,948
Cash at bank 3,086,388 7,397,111
6,710,229 10,259,059
CREDITORS
Amounts falling due within one year 9 (2,808,142 ) (7,260,405 )
NET CURRENT ASSETS 3,902,087 2,998,654
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,043,683

3,294,447

PROVISIONS FOR LIABILITIES 11 (12,236 ) (12,429 )
NET ASSETS 4,031,447 3,282,018

CAPITAL AND RESERVES
Called up share capital 12 100 100
Other reserves 13 1,107,544 1,036,653
Retained earnings 13 2,923,803 2,245,265
SHAREHOLDERS' FUNDS 4,031,447 3,282,018

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2024 and were signed on its behalf by:





Mr P B Bailey - Director


DATAMINR UK LTD (REGISTERED NUMBER: 09232100)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023

Called up
share Retained Other Total
capital earnings reserves equity
£    £    £    £   
Balance at 1 January 2022 100 1,447,475 882,307 2,329,882

Changes in equity
Total comprehensive income - 797,790 154,346 952,136
Balance at 31 December 2022 100 2,245,265 1,036,653 3,282,018

Changes in equity
Total comprehensive income - 678,538 70,891 749,429
Balance at 31 December 2023 100 2,923,803 1,107,544 4,031,447

DATAMINR UK LTD (REGISTERED NUMBER: 09232100)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 (3,974,708 ) 6,088,085
Interest paid (7,902 ) -
Tax paid (346,244 ) 35,054
Net cash from operating activities (4,328,854 ) 6,123,139

Cash flows from investing activities
Purchase of tangible fixed assets (18,535 ) (165,454 )
Sale of tangible fixed assets 13,194 49,574
Interest received 23,472 2,119
Net cash from investing activities 18,131 (113,761 )

(Decrease)/increase in cash and cash equivalents (4,310,723 ) 6,009,378
Cash and cash equivalents at beginning of year 2 7,397,111 1,387,733

Cash and cash equivalents at end of year 2 3,086,388 7,397,111

DATAMINR UK LTD (REGISTERED NUMBER: 09232100)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31/12/23 31/12/22
£    £   
Profit before taxation 861,718 999,216
Depreciation charges 159,538 178,007
Share based compensation 70,891 -
Finance costs 7,902 -
Finance income (23,472 ) (2,119 )
1,076,577 1,175,104
(Increase)/decrease in trade and other debtors (761,893 ) 743,549
(Decrease)/increase in trade and other creditors (4,289,392 ) 4,169,432
Cash generated from operations (3,974,708 ) 6,088,085

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2023
31/12/23 1/1/23
£    £   
Cash and cash equivalents 3,086,388 7,397,111
Year ended 31 December 2022
31/12/22 1/1/22
£    £   
Cash and cash equivalents 7,397,111 1,387,733


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1/1/23 Cash flow At 31/12/23
£    £    £   
Net cash
Cash at bank 7,397,111 (4,310,723 ) 3,086,388
7,397,111 (4,310,723 ) 3,086,388
Total 7,397,111 (4,310,723 ) 3,086,388

DATAMINR UK LTD (REGISTERED NUMBER: 09232100)

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

1. STATUTORY INFORMATION

Dataminr UK Ltd 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 Company functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements have been drawn up on the going concern basis. The company is dependent upon the support of its parent company, and only customer, in order to meet its working capital requirements. The parent company has provided assurances that this support will continue for a period that exceeds twelve months from the date of approval of these 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off asset over its estimated useful life.

Improvement to property - over the life of the lease
Computer equipment - 33% on cost
Furniture & Fixtures - 20% on cost
Office Equipment - 20% on cost and 33% on cost

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

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.


DATAMINR UK LTD (REGISTERED NUMBER: 09232100)

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

2. ACCOUNTING POLICIES - continued
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.

Share based compensation
Under the terms of their employment contract the employees of the company are entitled to participate in the group share based compensation scheme. The fair market value at the time of granting awards to employees is recognised when granted or over the vesting period if applicable. The cost is credited to share - based compensation reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 230 (2022 - 194). There were no directors' remuneration during the year 2023 and 2022.

4. OPERATING PROFIT

The operating profit is stated after charging:

31/12/23 31/12/22
£    £   
Other operating leases 1,203,510 1,670,146
Depreciation - owned assets 159,538 128,433
Auditors' remuneration 8,950 8,250
Foreign exchange differences 11,103 13,709

5. INTEREST PAYABLE AND SIMILAR EXPENSES
31/12/23 31/12/22
£    £   
Interest 7,902 -

DATAMINR UK LTD (REGISTERED NUMBER: 09232100)

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

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31/12/23 31/12/22
£    £   
Current tax:
UK corporation tax 296,555 259,627
Adjustment to prior year tax (113,182 ) -
Total current tax 183,373 259,627

Deferred tax (193 ) (58,201 )
Tax on profit 183,180 201,426

Tax effects relating to effects of other comprehensive income

31/12/23
Gross Tax Net
£    £    £   
Other Reserves 70,891 - 70,891

31/12/22
Gross Tax Net
£    £    £   
Other Reserves 154,346 - 154,346

7. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
Cost
At 1 January 2023 332,250 143,614 754,522 1,230,386
Additions - - 18,535 18,535
Disposals - - (193,182 ) (193,182 )
At 31 December 2023 332,250 143,614 579,875 1,055,739
Depreciation
At 1 January 2023 332,250 111,990 490,353 934,593
Charge for year - 17,735 141,803 159,538
Eliminated on disposal - - (179,988 ) (179,988 )
At 31 December 2023 332,250 129,725 452,168 914,143
Net book value
At 31 December 2023 - 13,889 127,707 141,596
At 31 December 2022 - 31,624 264,169 295,793

DATAMINR UK LTD (REGISTERED NUMBER: 09232100)

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

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 139,500 -
Amounts owed by group undertakings 3,255,099 2,072,362
Other debtors 77,509 339,493
VAT - 228,868
Prepayments 151,733 221,225
3,623,841 2,861,948

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 3,990 141,205
Amounts owed to group undertakings 215,582 4,520,663
Tax 94,976 257,847
Social security and other taxes 535,123 666,967
VAT 31,002 -
Accruals and deferred income 456,369 25,206
Accrued expenses 1,471,100 1,648,517
2,808,142 7,260,405

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/12/23 31/12/22
£    £   
Within one year 391,200 1,014,000
Between one and five years 205,200 -
596,400 1,014,000

In June 2023 the company agreed to extend the lease on its current offices for a further twenty four month period at a total cost of £31,000 for the first 12 months and £34,200 for the next 12 months.

11. PROVISIONS FOR LIABILITIES
31/12/23 31/12/22
£    £   
Deferred tax 12,236 12,429

Deferred
tax
£   
Balance at 1 January 2023 12,429
Provided during year (193 )
Balance at 31 December 2023 12,236

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
100 Ordinary 1 100 100

DATAMINR UK LTD (REGISTERED NUMBER: 09232100)

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

13. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 January 2023 2,245,265 1,036,653 3,281,918
Profit for the year 678,538 678,538
SBC movement in the year - 70,891 70,891
At 31 December 2023 2,923,803 1,107,544 4,031,347

14. RELATED PARTY DISCLOSURES

The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

15. ULTIMATE CONTROLLING PARTY

Dataminr, Inc (incorporated in United States of America) is regarded by the director as being the company's ultimate parent company.

16. SHARE-BASED PAYMENT TRANSACTIONS

The company has taken exemption provided in FRS 102 Section 1.12 D not to disclose details of share -based payment arrangements concerning equity instruments of another group entity.