Company registration number 14635668 (England and Wales)
BEHAVIOUR INTERACTIVE UK HOLDING LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
BEHAVIOUR INTERACTIVE UK HOLDING LIMITED
CONTENTS
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
BEHAVIOUR INTERACTIVE UK HOLDING LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
Non-current assets
Investments
3
6,415,271
6,170,493
Current assets
Trade and other receivables
5
1
1
Current liabilities
Borrowings
6
244,778
-
0
Net current (liabilities)/assets
(244,777)
1
Net assets
6,170,494
6,170,494
Equity
Called up share capital
7
6,001
6,001
Share premium account
8
6,164,493
6,164,493
Total equity
6,170,494
6,170,494

The directors of the company have elected not to include a copy of the income statement within the financial statements.

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered 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 11 March 2025 and are signed on its behalf by:
R Racine
Director
Company registration number 14635668 (England and Wales)
BEHAVIOUR INTERACTIVE UK HOLDING LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
Share capital
Share premium account
Total
Notes
£
£
£
Balance at 2 February 2023
-
-
0
-
Period ended 30 September 2023:
Transactions with owners:
Issue of share capital
7
6,001
6,164,493
6,170,494
Balance at 30 September 2023
6,001
6,164,493
6,170,494
Year ended 30 September 2024:
Balance at 30 September 2024
6,001
6,164,493
6,170,494
BEHAVIOUR INTERACTIVE UK HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
1
Accounting policies
Company information

Behaviour Interactive UK Holding Limited is a private company limited by shares incorporated in England and Wales. The registered office is 16 - 26 Albert Road, Middlesbrough, TS1 1PR. The company's principal activities and nature of its operations are disclosed in the directors' report.

1.1
Reporting period

In the previous accounting period, the company opted to report an shorter accounting period to 30 September. This was to bring the accounting period end in line with other companies in the group.

 

As a result, the amounts presented in the financial statements are not entirely comparable.

1.2
Accounting convention

The financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted for use in the United Kingdom and with those parts of the Companies Act 2006 applicable to companies reporting under IFRS, except as otherwise stated.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

The directors have at the time of approving the financial statements, a reasonable expectation that the truecompany has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Non-current investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.5
Financial assets

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets are classified into specified categories, depending on the nature and purpose of the financial assets.

 

At initial recognition, financial assets classified as fair value through profit and loss are measured at fair value and any transaction costs are recognised in profit or loss. Financial assets not classified as fair value through profit and loss are initially measured at fair value plus transaction costs.

BEHAVIOUR INTERACTIVE UK HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 4 -
Financial assets held at amortised cost

Financial assets with fixed or determinable payments and fixed maturity dates that the Company has the positive intent and ability to hold to maturity are classified as held to maturity investments.

 

Held to maturity investments are measured at amortised cost using the effective interest method less any impairment, with revenue recognised on an effective yield basis.

 

The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the debt instrument to the net carrying amount on initial recognition.

Trade Receivables, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as loans and receivables. Loans and receivables are measured at amortised cost using the effective interest method, less any impairment.

 

Interest is recognised by applying the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the debt instrument to the net carrying amount on initial recognition.

Impairment of financial assets

Financial assets carried at amortised cost and FVOCI are assessed for indicators of impairment at each reporting end date.

 

The expected credit losses associated with these assets are estimated on a forward-looking basis. A broad range of information is considered when assessing credit risk and measuring expected credit losses, including past events, current conditions, and reasonable and supportable forecasts that affect the expected collectability of the future cash flows of the instrument.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

1.6
Financial liabilities

The company recognises financial debt when the company becomes a party to the contractual provisions of the instruments. Financial liabilities are classified as either 'financial liabilities at fair value through profit or loss' or 'other financial liabilities'.

Other financial liabilities

Other financial liabilities, including borrowings, trade payables and other short-term monetary liabilities, are initially measured at fair value net of transaction costs directly attributable to the issuance of the financial liability. They are subsequently measured at amortised cost using the effective interest method. For the purposes of each financial liability, interest expense includes initial transaction costs and any premium payable on redemption, as well as any interest or coupon payable while the liability is outstanding.

Derecognition of financial liabilities

Financial liabilities are derecognised when, and only when, the company’s obligations are discharged, cancelled, or they expire.

BEHAVIOUR INTERACTIVE UK HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
2
2
3
Investments
Current
Non-current
2024
2023
2024
2023
£
£
£
£
Investments in subsidiaries
-
0
-
0
6,415,271
6,170,493

The company has not designated any financial assets that are not classified as held for trading as financial assets at fair value through profit or loss.

Fair value of financial assets carried at amortised cost

The directors consider that the carrying amounts of financial assets carried at amortised cost in the financial statements approximate to their fair values.

4
Subsidiaries

Details of the company's subsidiaries at 30 September 2024 are as follows:

Name of undertaking
Registered office
Principal activities
Class of
% Held
shares held
Direct
Behaviour Interactive UK Limited
United Kingdom
Software development
Ordinary
100.00
5
Trade and other receivables
2024
2023
£
£
Amount owed by parent undertaking
1
1

Trade receivables disclosed above are classified as loans and receivables and are therefore measured at amortised cost.

BEHAVIOUR INTERACTIVE UK HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 6 -
6
Borrowings
2024
2023
£
£
Borrowings held at amortised cost:
Loans from subsidiary undertakings
244,778
-
7
Share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
6,001
6,001
6,001
6,001
8
Share premium account
2024
2023
£
£
At the beginning of the year
6,164,493
-
0
Issue of new shares
-
6,164,493
At the end of the year
6,164,493
6,164,493
9
Capital risk management

The company is not subject to any externally imposed capital requirements.

 

 

10
Related party transactions

During the previous period, the company received from its parent, shares in what is now the company's subsidiary to the value of £6,170,493. This was as consideration for 6000 of the company's shares. There were no amounts due at the previous period end or the current year end in relation to this transaction.

 

In the current period, the company received an advance from its parent of £244,778 (2023 - £nil) for investment in the company's subsidiary. At the year end, £244,778 (2023: £nil) was due to the parent. There is no interest accruing on this balance and the amount is repayable on demand.

11
Controlling party

The parent company of Behaviour Interactive UK Holding Limited is Behaviour Interactive Inc and its registered office is 500-6666 Saint-Urbain, Montreal, QC H2S 3H1, Canada.

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