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Registered number: 12562044









NERDWALLET UK LIMITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
NERDWALLET UK LIMITED
REGISTERED NUMBER: 12562044

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Cash at bank and in hand
  
-
1,992

  
-
1,992

Total assets less current liabilities
  
 
 
-
 
 
1,992

  

Net assets
  
-
1,992


Capital and reserves
  

Called up share capital 
  
7
4

Share premium account
  
11,014,191
10,214,194

Foreign exchange reserve
  
3,734
3,734

Profit and loss account
  
(11,017,932)
(10,215,940)

  
-
1,992


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 April 2025.



Nicholas Kasum Tatum
Director

The notes on pages 2 to 4 form part of these financial statements.
Page 1

 
NERDWALLET UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Nerdwallet UK Limited is a company limited by shares and is incorporated and domiciled in England. It's registered office is 3rd Floor 1 Ashley Road, Altrincham, Cheshire, WA14 2DT. 
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 £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

NerdWallet UK Limited is the intermediary parent company for NerdWallet Ltd. NerdWallet Ltd is the UK trading entity for NerdWallet Inc. NerdWallet UK Limited was setup as a UK holding company to purchase the shares in NerdWallet Ltd (formerly Notice Media Ltd) in 2020. NerdWallet UK Limited holds the value of the investment in NerdWallet Ltd. The going concern assertion of NerdWallet UK Limited is therefore closely linked with the performance of NerdWallet Ltd and continued support from NerdWallet Inc. (ultimate parent company). 
Due to the continued losses the company carried out a restructure during the year to reduce costs but also continued to invest in building it’s SEO business, aligning with the global NerdWallet playbook. At 31 December 2024 the company had a loss of £1,195,523  and had net liabilities of £3,709,314 which includes subordinated loans from the parent company of £4,400,000. The Company is dependent on continued support from its parent company NerdWallet inc.
As with any company placing reliance on the potential requirement for group financial support, there is no legal requirement that this support will be ongoing, creating a material uncertainty related to events or conditions that may cast significant doubt on the entity's ability to continue as a going concern.
At the date of approving these financial statements however, the Directors are comfortable that if support was needed then it would be forthcoming on the basis of a reasoned application as required and the parent company has provided a letter to support this. On this basis, having considered a period of twelve months and beyond after the approval of the financial statements, the Directors believe that the accounts should be prepared on a going concern basis.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 2

 
NERDWALLET UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.


3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2024
11,193,187


Additions
800,000



At 31 December 2024

11,993,187



Impairment


At 1 January 2024
11,193,187


Charge for the period
800,000



At 31 December 2024

11,993,187



Net book value



At 31 December 2024
-



At 31 December 2023
-

Page 3

 
NERDWALLET UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



68 (2023 - 36) Ordinary shares of £0.10 each
7
4


On the 24 June 2024, the company issued a further 16 £0.10 Ordinary shares at a premium of £25,000 per share.
On the 9 October 2024, the company issued a further 16 £0.10 Ordinary shares at a premium of £25,000 per share


6.


Controlling party

Nerdwallet UK Limited is a wholly owned subsidiary of Nerdwallet International Holdco Inc, a company incorporated and domiciled in the United States of America.


7.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

In their report, the auditors emphasised the following matter without qualifying their report:
We draw attention to note 2.2 in the financial statements, which indicates that the losses of NerdWallet Ltd (the trading subsidiary of NerdWallet UK Limited) in the year to 31 December 2024 were £1,195,523 and its net liabilities were £3,709,314 at that date which includes subordinated loans from the ultimate parent company NerdWallet Inc. of £4,400,000. As a result, both NerdWallet UK Limited and NerdWallet Ltd are dependent on continued support from its parent company NerdWallet Inc.
As with any Company placing reliance on group financial support there can be no guarantee that this support will be provided. As stated in note 2.2, these events or conditions, along with the other matters as set forth in note 2.2, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

The audit report was signed on 24 April 2025 by Catherine Hardinge FCA (Senior Statutory Auditor) on behalf of Price Bailey LLP.


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