Registered number
07022813
Rastreator.com limited
Filleted Accounts
31 December 2023
Rastreator.com limited
Registered number: 07022813
Balance Sheet
as at 31 December 2023
Notes 2023 2022
Fixed assets
Intangible assets 3 - 420,000
Investments 4 175,000 15,972,315
175,000 16,392,315
Current assets
Debtors 5 230,191 -
Cash at bank and in hand 201,565 86,956
431,756 86,956
Creditors: amounts falling due within one year 6 (1) (4,999,285)
Net current assets/(liabilities) 431,755 (4,912,329)
Net assets 606,755 11,479,986
Capital and reserves
Called up share capital 80 80
Revaluation reserve 7 (947,570) (947,570)
Profit and loss account 1,554,245 12,427,476
Shareholders' funds 606,755 11,479,986
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Filippo Tenderini
Director
Approved by the board on 30 September 2024
Rastreator.com limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Going concern
The company has a deficit on is balance sheet and is reliant upon the continuing support of its shareholders. On the basis that the shareholders have indicated that they are willing to support the company for the foreseeable future, the director considers it appropriate to prepare the financial statements on the going concern basis.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets
Goodwill:
Cost
At 1 January 2023 420,000
Disposals (420,000)
At 31 December 2023 -
Amortisation
At 31 December 2023 -
Net book value
At 31 December 2023 -
At 31 December 2022 420,000
The net book value of the assests assessed as having an indefinite useful life. Due to the nature of the domain held by the company, these are considered to have an indefinite useful life and are assessed annually for impairment.
4 Investments
Investments in
subsidiary
undertakings
Cost
At 1 January 2023 15,972,315
Disposals (15,797,315)
At 31 December 2023 175,000
5 Debtors 2023 2022
Amounts owed by group undertakings and undertakings in which the company has a participating interest 230,191 -
6 Creditors: amounts falling due within one year 2023 2022
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 4,965,507
Taxation and social security costs - 28,854
Accruals and deferred income 1 4,924
1 4,999,285
Amounts owed to group undertakings relate primarily to the company's fellow Group subsidiaries Inspop.com Limited and Rastreator Comparador Correduria de Seguros S.L.U.
Amounts owed to group undertakings are non-interests bearing and repayable on demand.
Subsidiary undertakings
The following were subsidiary undertakings of the company:
Name Registered office Holding
Preminen Mexico Sociedad Anonima de Capital Variable Varsovia, 36, 5%
5th Floor
Office 501,Colonia
Jua'rez, Cuauhtemoc,
Ciudad de Mexico
The principal place of business of Preminen Mexico Sociedad Anonima de Capital Variable is
Mexico
7 Revaluation reserve 2023 2022
At 1 January 2023 (947,570) (947,570)
At 31 December 2023 (947,570) (947,570)
Other reserves relate to the historic transfer in of net liabilities of Inspop.com Limited
(Spanish branch) and deferred tax credits/changes on share scheme changes.
7 Share capital 2023 2022
Authorised, allotted, called up and fully paid 80 80
800(2021-800) Ordinary shares of €0.1 each
8 Post balance sheet events
There are no events subsequent to the balance sheet date which require adjustments to or
disclosure within the financial statements.
9 Ultimate controlling party
The company's share capital is owned by Penguin Portals Limited (100%)
The ultimate controlling party of the company is Silver Lake (Offshore) AIV GP V Ltd.
8 Other information
Rastreator.com limited is a private company limited by shares and incorporated in England. Its registered office is:
5th Floor North Side
7-10 Chandos Street
London
England
W1G 9DQ
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