| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 MAY 2024 TO 31 DECEMBER 2024 |
| FOR |
| MATCH GROUP HOLDINGS LTD |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 MAY 2024 TO 31 DECEMBER 2024 |
| FOR |
| MATCH GROUP HOLDINGS LTD |
| MATCH GROUP HOLDINGS LTD (REGISTERED NUMBER: 14803365) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Period 1 May 2024 to 31 December 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| MATCH GROUP HOLDINGS LTD |
| COMPANY INFORMATION |
| for the Period 1 May 2024 to 31 December 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 100 Barbirolli Square |
| Manchester |
| M2 3BD |
| MATCH GROUP HOLDINGS LTD (REGISTERED NUMBER: 14803365) |
| BALANCE SHEET |
| 31 December 2024 |
| 31.12.24 | 30.4.24 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| MATCH GROUP HOLDINGS LTD (REGISTERED NUMBER: 14803365) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Period 1 May 2024 to 31 December 2024 |
| 1. | STATUTORY INFORMATION |
| Match Group Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 14803365 . The company's registered office and principal place of business is 50 Alderley Road, Wilmslow, SK9 1NY. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The concept of going concern is an underlying assumption in the production of financial statements. As there are net liabilities there is a question mark over going concern. Although there is no formal agreement in place the directors have indicated they will continue to provide financial support to the company for at least the next 12 months. |
| The reporting periods are also not directly comparable as the current period is for 8 months and the previous year is for a full financial year. |
| Preparation of consolidated financial statements |
| The financial statements contain information about Match Group Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| 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 represents amounts recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists of the supply of sports hospitality packages, which are recognised at the point of which the services are delivered and the event has passed. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. |
| Depreciation on tangible fixed assets are charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods: |
| Computer Equipment | - | 33% on cost |
| Long Leasehold | - | 20% on cost |
| At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items of tangible fixed assets have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. |
| If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| MATCH GROUP HOLDINGS LTD (REGISTERED NUMBER: 14803365) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Period 1 May 2024 to 31 December 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| 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. |
| Trade and other debtors |
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts. |
| Trade and other creditors |
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. |
| Cash at bank |
| Cash and cash equivalents comprise cash at bank and in hand. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | TANGIBLE FIXED ASSETS |
| Long | Computer |
| leasehold | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 May 2024 |
| Additions |
| At 31 December 2024 |
| DEPRECIATION |
| At 1 May 2024 |
| Charge for period |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 30 April 2024 | 165,940 | 38,254 | 204,194 |
| MATCH GROUP HOLDINGS LTD (REGISTERED NUMBER: 14803365) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Period 1 May 2024 to 31 December 2024 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 May 2024 |
| Disposals | ( |
) |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 30 April 2024 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 30.4.24 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 30.4.24 |
| £ | £ |
| Trade creditors |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.12.24 | 30.4.24 |
| £ | £ |
| Amounts owed to group undertakings |
| Other creditors |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 31.12.24 | 30.4.24 |
| £ | £ |
| Within one year |
| Between one and five years |
| MATCH GROUP HOLDINGS LTD (REGISTERED NUMBER: 14803365) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Period 1 May 2024 to 31 December 2024 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.24 | 30.4.24 |
| value: | £ | £ |
| Ordinary | 1 | 100,000 | 100,000 |
| 11. | RELATED PARTY DISCLOSURES |
| Included in other creditors is a loan owed to the Director of £27,290,183 (Apr 2024: £30,625,964) and interest charged during the period of £997,026 (April 2024: Nil). This loan has interest charged at 5.25% per annum and is repayable on demand. |
| Included in other creditors, are amounts owed to companies under common control of £1,192,183 (Apr 2024: £Nil) and interest charged during the period of £ 26,492 (April 2024: Nil).This loan has interest charged at 5.25% per annum and is repayable on demand. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is Mr J Byrom, by virtue of his controlling interest in the company. |
| The parent company of the largest and smallest group is Match Group Holdings Ltd incorporated in England and Wales whose registered office is 50 Alderley Road, Wilmslow, SK9 1NY. |