4 false false false false false false false false false false true false false false false false false 2024-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 30,431 29,273 1,135 30,408 23 1,158 2,432 1,199,467 1,201,899 1,201,899 2,432 xbrli:pure xbrli:shares iso4217:GBP 07927254 2024-01-01 2024-12-31 07927254 2024-12-31 07927254 2023-12-31 07927254 2023-01-01 2023-12-31 07927254 2023-12-31 07927254 2022-12-31 07927254 bus:RegisteredOffice 2024-01-01 2024-12-31 07927254 bus:LeadAgentIfApplicable 2024-01-01 2024-12-31 07927254 bus:Director1 2024-01-01 2024-12-31 07927254 bus:Director2 2024-01-01 2024-12-31 07927254 bus:Director7 2024-01-01 2024-12-31 07927254 bus:Director8 2024-01-01 2024-12-31 07927254 bus:CompanySecretary1 2024-01-01 2024-12-31 07927254 core:AfterOneYear 2024-12-31 07927254 core:AfterOneYear 2023-12-31 07927254 core:WithinOneYear 2024-12-31 07927254 core:WithinOneYear 2023-12-31 07927254 core:ShareCapital 2024-12-31 07927254 core:ShareCapital 2023-12-31 07927254 core:SharePremium 2024-12-31 07927254 core:SharePremium 2023-12-31 07927254 core:OtherReservesSubtotal 2024-12-31 07927254 core:OtherReservesSubtotal 2023-12-31 07927254 core:RetainedEarningsAccumulatedLosses 2024-12-31 07927254 core:RetainedEarningsAccumulatedLosses 2023-12-31 07927254 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 07927254 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-12-31 07927254 core:CostValuation core:Non-currentFinancialInstruments 2024-12-31 07927254 core:Non-currentFinancialInstruments 2024-12-31 07927254 core:Non-currentFinancialInstruments 2023-12-31 07927254 bus:SmallEntities 2024-01-01 2024-12-31 07927254 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 07927254 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07927254 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07927254 bus:FullAccounts 2024-01-01 2024-12-31 07927254 core:ComputerEquipment 2024-01-01 2024-12-31 07927254 core:ComputerEquipment 2024-12-31 07927254 core:ComputerEquipment 2023-12-31 07927254 1 2024-01-01 2024-12-31
COMPANY REGISTRATION NUMBER: 07927254
Audiense Limited
Filleted Unaudited Financial Statements
31 December 2024
Audiense Limited
Financial Statements
Year ended 31 December 2024
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
Audiense Limited
Officers and Professional Advisers
The board of directors
F J Buron Fernandez
A A Larralde
C Serra Cardenas
C Underhill
Company secretary
Complete Secretarial Solutions Ltd
Registered office
Kemp House
152-160 City Road
London
England
EC1V 2NX
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
Audiense Limited
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Audiense Limited
Year ended 31 December 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 December 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
Audiense Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
23
1,158
Investments
6
1,201,899
2,432
------------
-------
1,201,922
3,590
Current assets
Debtors
7
8,214,149
5,537,051
Cash at bank and in hand
17,731
116,378
------------
------------
8,231,880
5,653,429
Creditors: amounts falling due within one year
8
10,933,404
4,206,933
-------------
------------
Net current (liabilities)/assets
( 2,701,524)
1,446,496
------------
------------
Total assets less current liabilities
( 1,499,602)
1,450,086
Creditors: amounts falling due after more than one year
9
4,811,945
8,344,375
------------
------------
Net liabilities
( 6,311,547)
( 6,894,289)
------------
------------
Capital and reserves
Called up share capital
10
105
96
Share premium account
6,041,536
3,105,358
Capital contribution reserve
1,032,146
1,032,146
Profit and loss account
( 13,385,334)
( 11,031,889)
-------------
-------------
Shareholders deficit
( 6,311,547)
( 6,894,289)
-------------
-------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Audiense Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 25 March 2025 , and are signed on behalf of the board by:
F J Buron Fernandez
Director
Company registration number: 07927254
Audiense Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 152-160 City Road, London, England, EC1V 2NX and the nature of the company's operations and its principal activities are set out in the directors' report .
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity .
Going concern
The directors have prepared a cashflow forecast covering a period extending beyond 12 months from the date of signing these financial statements. The forecasts contain certain assumptions about the performance of the business. These assumptions are the directors best estimates of the future development of the business, including consideration of cash reserves required to support the working capital and its new growth initiatives. Based on the facts noted above, the directors feel that the company is adequately funded at present and will continue to explore funding and investment opportunities to ensure that the company has adequate resources to continue its operations for the foreseeable future. For these reasons, the financial statements should be prepared on a going concern basis.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
No significant judgements have had to be made by the directors in preparing these financial statements .
Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which has been accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.
Revenue recognition
The turnover shown in the income statement represents amounts invoiced during the year for the provision of a SaaS platform to drive insights and engagement through Twitter, exclusive of Value Added Tax. Revenue is recognised based on the proportion of the service undertaken at the year end. The unrecognised balance is taken to deferred revenue. No disclosure has been given regarding the geographical split of the company's turnover since in the opinion of the directors such disclosure would be seriously prejudicial to the interests of the company.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date .
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 5 ).
5. Tangible assets
Equipment
£
Cost
At 1 January 2024 and 31 December 2024
30,431
--------
Depreciation
At 1 January 2024
29,273
Charge for the year
1,135
--------
At 31 December 2024
30,408
--------
Carrying amount
At 31 December 2024
23
--------
At 31 December 2023
1,158
--------
6. Investments
Shares in group undertakings
£
Cost
At 1 January 2024
2,432
Additions
1,199,467
------------
At 31 December 2024
1,201,899
------------
Impairment
At 1 January 2024 and 31 December 2024
------------
Carrying amount
At 31 December 2024
1,201,899
------------
At 31 December 2023
2,432
------------
The company owns 100% of the issued share capital of Socialbro SL (incorporated in Spain at registered address Calle San Felipe no. 9, 14003 Cordoba) and Audiense Global Holdings Limited. Socialbro SL's sole activity is providing services to Audiense Limited .
7. Debtors
2024
2023
£
£
Trade debtors
1,926,206
1,646,553
Amounts owed by group undertakings and undertakings in which the company has a participating interest
5,065,051
3,516,777
Other debtors
1,222,892
373,721
------------
------------
8,214,149
5,537,051
------------
------------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
682,397
934,396
Social security and other taxes
135,001
163,751
Other creditors
10,116,006
3,108,786
-------------
------------
10,933,404
4,206,933
-------------
------------
Included within other creditors is £214 (2023 : £214) of convertible debt .
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
3,902,697
7,322,548
Other creditors
909,248
1,021,827
------------
------------
4,811,945
8,344,375
------------
------------
The company has provided security by way of a floating charge over its assets and intellectual property.
10. Called up share capital
During the year, the company issued 873,335 Ordinary shares for a total consideration of £2,936,187.
11. Events after the end of the reporting period
After the year end, the company was sold in it's entirety to Buxton Company LLC .
12. Controlling party
The company's immediate parent company is Buxton Company LLC, an entity incorporated in The United States of America. The ultimate controlling party is PSG BXN Holdings LP, an entity incorporated in The United States of America .