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REGISTERED NUMBER: 10482489 (England and Wales)















Report of the Directors and

Financial Statements for the Year Ended 29 June 2024

for

FINDER.COM COMPARISON UK LTD

FINDER.COM COMPARISON UK LTD (REGISTERED NUMBER: 10482489)

Contents of the Financial Statements
for the Year Ended 29 June 2024










Page

Company Information 1

Report of the Directors 2

Report of the Independent Auditors 3

Income Statement 6

Balance Sheet 7

Notes to the Financial Statements 8


FINDER.COM COMPARISON UK LTD

Company Information
for the Year Ended 29 June 2024







DIRECTORS: J P Ostler
F R Schebesta





REGISTERED OFFICE: Level 2
20 St Thomas Street
London
SE1 9RG





REGISTERED NUMBER: 10482489 (England and Wales)

FINDER.COM COMPARISON UK LTD (REGISTERED NUMBER: 10482489)

Report of the Directors
for the Year Ended 29 June 2024


The directors present their report with the financial statements of the company for the year ended 29 June 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 30 June 2023 to the date of this report.

J P Ostler
F R Schebesta

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing 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). 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, Knox Cropper LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J P Ostler - Director


25 February 2025

Report of the Independent Auditors to the Members of
Finder.com Comparison UK Ltd


Opinion
We have audited the financial statements of Finder.com Comparison UK Ltd (the 'company') for the year ended 29 June 2024 which comprise the Income Statement, Balance Sheet and 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 29 June 2024 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 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.

Opinions 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 Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Finder.com Comparison UK Ltd


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 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; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page two, 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.

Report of the Independent Auditors to the Members of
Finder.com Comparison UK Ltd


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.

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 are the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice), the Companies Act 2006, and the Corporation Tax Act 2010.
• We understood how the Company is complying with those frameworks via communication with those charged with governance, together with the review of the Company's documented policies and procedures.
• We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur by considering the key risks impacting the financial statements. These included risks associated with Revenue Recognition and Management override of Controls, which were discussed and agreed by the audit team.
• Our approach included agreeing the company's recognition of income to the terms of the underlying contract, the review of journal entries processed in the accounting records and the investigation of significant and unusual transactions identified from our review of the accounting records, and the review of government support scheme grants received to ensure they were not fraudulently claimed.
• Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Our procedures involved review of the reporting to the directors with respect to the application of the documented policies and procedures and review of the financial statements to ensure compliance with the reporting requirements of the Company.

There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

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.




Stephen Anderson (Senior Statutory Auditor)
for and on behalf of Knox Cropper LLP
153-155 London Road
Hemel Hempstead
Hertfordshire
HP3 9SQ

25 February 2025

FINDER.COM COMPARISON UK LTD (REGISTERED NUMBER: 10482489)

Income Statement
for the Year Ended 29 June 2024

2024 2023
Notes £    £   

TURNOVER 5,762,242 5,899,399

Cost of sales 2,892,732 2,729,373
GROSS PROFIT 2,869,510 3,170,026

Administrative expenses 4,800,879 4,841,454
(1,931,369 ) (1,671,428 )

Other operating income 2,357,881 950,980
OPERATING PROFIT/(LOSS) 4 426,512 (720,448 )

Interest receivable and similar income 45,522 48,706
472,034 (671,742 )

Interest payable and similar expenses 187,572 254,513
PROFIT/(LOSS) BEFORE TAXATION 284,462 (926,255 )

Tax on profit/(loss) 227,896 -
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

56,566

(926,255

)

FINDER.COM COMPARISON UK LTD (REGISTERED NUMBER: 10482489)

Balance Sheet
29 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 24,934 39,741

CURRENT ASSETS
Debtors 6 4,396,320 4,218,463
Cash at bank 323,018 618,996
4,719,338 4,837,459
CREDITORS
Amounts falling due within one year 7 5,051,201 5,257,585
NET CURRENT LIABILITIES (331,863 ) (420,126 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(306,929

)

(380,385

)

CREDITORS
Amounts falling due after more than one
year

8

1,629,519

1,612,629
NET LIABILITIES (1,936,448 ) (1,993,014 )

CAPITAL AND RESERVES
Called up share capital 10 209,172 209,172
Share premium 1,082,656 1,082,656
Retained earnings (3,228,276 ) (3,284,842 )
SHAREHOLDERS' FUNDS (1,936,448 ) (1,993,014 )

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

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:





J P Ostler - Director


FINDER.COM COMPARISON UK LTD (REGISTERED NUMBER: 10482489)

Notes to the Financial Statements
for the Year Ended 29 June 2024


1. STATUTORY INFORMATION

Finder.com Comparison 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.

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.

Related party exemption
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.

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 rendering of services. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 18% on reducing balance

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.

Going concern
The Company has received assurance from the Parent Company, Finder.com Pty Limited that they will continue to give financial support to the Company for a period of at least twelve months from the date of signing these financial statements. In addition the parent company and certain fellow subsidiary undertakings have confirmed that they will not seek payment of the amounts owed to them by the company until funds permit. Consequently, the financial statements have been prepared on a going concern basis.

FINDER.COM COMPARISON UK LTD (REGISTERED NUMBER: 10482489)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024


2. ACCOUNTING POLICIES - continued

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.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 33 ) .

4. OPERATING PROFIT/(LOSS)

The operating profit (2023 - operating loss) is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 17,098 21,334

FINDER.COM COMPARISON UK LTD (REGISTERED NUMBER: 10482489)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 June 2023 135,129
Additions 2,291
At 29 June 2024 137,420
DEPRECIATION
At 30 June 2023 95,388
Charge for year 17,098
At 29 June 2024 112,486
NET BOOK VALUE
At 29 June 2024 24,934
At 29 June 2023 39,741

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 254,794 357,491
Amounts owed by group undertakings 3,835,931 2,834,879
Other debtors 305,595 1,026,093
4,396,320 4,218,463

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 288,919 492,077
Amounts owed to group undertakings 4,416,132 4,269,628
Taxation and social security 177,459 247,009
Other creditors 168,691 248,871
5,051,201 5,257,585

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed to group undertakings 1,629,519 1,612,629

FINDER.COM COMPARISON UK LTD (REGISTERED NUMBER: 10482489)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

Amounts owed to Finder.com Pty Ltd of £5,100,000 (2023: £2,000,000) are under a subordinated loan and bears interest on the loan will be compounded monthly at a rate of 3-month Bank Bill Swap Bid Rate plus 2.00% margin and paid annually. No payment of the Subordinated Liabilities (other than in respect of interest) can be made at any time except where the Borrower has obtained the FSA's prior written consent and that consent has not been withdrawn, no repayment or prepayment of the Loan shall be made, in whole or in part, earlier than a date:

(a) not less than two years from the date on which the Loan was first made; or

(b) not less than two years from the date on which the Borrower gave notice in writing to the Lender and the FSA.

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 166,320 79,200

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
209,172 Ordinary £1 209,172 209,172

11. ULTIMATE PARENT COMPANY

The controlling party is Finder.com Pty Limited a Company Incorporated in Australia, by
virtue of its shareholding.

The consolidated financial statements of the group can be obtained from Level 10, 99 York St,
Sydney NSW 2000, Australia.