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COMPANY REGISTRATION NUMBER: 14837721
Audiense Global Holdings Limited
Filleted Unaudited Financial Statements
31 May 2024
Audiense Global Holdings Limited
Financial Statements
Period from 1 May 2023 to 31 May 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
4
Audiense Global Holdings Limited
Officers and Professional Advisers
The board of directors
F J Buron Fernandez
C S Cardenas
A A Larralde
C J Underhill
Registered office
727-729 High Road
London
N12 0BP
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
Audiense Global Holdings Limited
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Audiense Global Holdings Limited
Period from 1 May 2023 to 31 May 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 period ended 31 May 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 Global Holdings Limited
Statement of Financial Position
31 May 2024
31 May 24
Note
£
Fixed assets
Intangible assets
4
3,646,699
Current assets
Debtors
5
38,441
Creditors: amounts falling due within one year
6
( 4,164,631)
------------
Net current liabilities
( 4,126,190)
------------
Total assets less current liabilities
( 479,491)
---------
Net liabilities
( 479,491)
---------
Capital and reserves
Called up share capital
1
Profit and loss account
( 479,492)
---------
Shareholders deficit
( 479,491)
---------
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 period ending 31 May 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 period 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 .
These financial statements were approved by the board of directors and authorised for issue on 1 May 2025 , and are signed on behalf of the board by:
F J Buron Fernandez
Director
Company registration number: 14837721
Audiense Global Holdings Limited
Notes to the Financial Statements
Period from 1 May 2023 to 31 May 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 727-729 High Road, London, N12 0BP.
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
In our opinion, on the basis of information and enquiries that are pertinent to the company's circumstances and which we believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular we believe that adequate cash resources will be available to cover the company's requirements for working capital for at least twelve months from the date of signing the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.
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.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
4. Intangible assets
Goodwill
£
Cost
Additions
4,210,264
------------
At 31 May 2024
4,210,264
------------
Amortisation
Charge for the period
563,565
------------
At 31 May 2024
563,565
------------
Carrying amount
At 31 May 2024
3,646,699
------------
5. Debtors
31 May 24
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
1
Other debtors
38,440
--------
38,441
--------
6. Creditors: amounts falling due within one year
31 May 24
£
Trade creditors
26,335
Amounts owed to group undertakings and undertakings in which the company has a participating interest
978,200
Other creditors
3,160,096
------------
4,164,631
------------
The company has provided security to Semrush Inc by way of a fixed and floating charge over all the property and undertakings of the company.
7. Controlling party
The company is under the control of the immediate parent Audiense Limited. In the opinion of the directors, there is no ultimate controlling party.