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Registered number:
FOR THE YEAR ENDED 31 DECEMBER 2024
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
COMPANY INFORMATION
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
CONTENTS
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The directors present their Strategic report on the company for the year ended 31st December 2024.
The name of the company had been changed from Marketplace Platforms Limited to Forbes Digital Marketing Limited on 25th February 2025. Forbes Digital Marketing Limited manages websites on behalf of global publishers. We aim to create independent and objective content that educates consumers on household and personal finances (investing, banking, insurance, loans, mortgages) and business. At Forbes Digital Marketing Limited our mission is to help readers turn their aspirations into reality. We provide trusted guidance, empowering people to make informed decisions they feel confident in, so they can focus on the things that matter most to them.
The principal activity of the company is the publication and supply of consumer and business content. Forbes Digital Marketing Limited's revenues were 3.0% above last year. The company had net assets of £316,178,832 (2023: £306,869,587).
The directors believe there is more opportunity ahead and the company is making significant investments in data, security, technology and people to capture that in the coming year.
The revenue in the financial year amounted to £69,201,882 (2023: £67,184,656). The profit for the financial year amounted to £9,309,245 (2023: £16,137,767). There were no dividends paid during the year (2023:nil) and the directors do not propose a final dividend (2023: £nil).
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The key financial and other performance indicators are revenue growth and page views. Total Revenue £69,201,882 (2023: £67,184,656), Sales revenues were £1,009,875 (2023: £727,971). Website page views were 5.94m (2023: 7.4m). The main drivers of the increased revenues in FY 2024 were improvements in group performance, which boosted our share of the group profit from £66,456,685 to £68,192,007.
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
As directors of Forbes Digital Marketing Limited, we are committed to promoting the long-term success of the company for the benefit of all its members. In line with our duties under Section 172 of the Companies Act 2006, we carefully consider the impact of our decisions on all stakeholders, including employees, customers, suppliers, shareholders, and the broader community.
Key Stakeholder Engagement Employees: Our people are central to our success. We prioritize creating a supportive work environment that fosters employee development, well-being, and retention. Regular reviews ensure our strategies align with these objectives, including the recruitment and retention of talent. Suppliers and Customers: Strong, long-term relationships with our suppliers and customers are critical. We collaborate closely with them to ensure ethical sourcing, reliable supply chains, and the delivery of high-quality products and services that meet customer needs. Community and Environment: We take our responsibilities to the community and environment seriously. The company actively works to reduce its environmental impact and supports local communities through various initiatives. Business Conduct: Upholding high standards of business conduct is crucial to maintaining our reputation and achieving sustainable success. We operate with integrity and transparency across all aspects of our business. Long-Term Strategy The directors consistently evaluate the long-term impact of our decisions to ensure they are in line with our mission and values. We actively support the leadership of our parent company and its affiliates, helping them achieve the group's strategic objectives. In conclusion, our approach to stakeholder engagement and long-term planning underpins our commitment to sustaining the company’s success, building on the strong relationships we have developed with all stakeholders since the company's incorporation.
This report was approved by the board and signed on its behalf.
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The directors present their report and the financial statements for the year ended 31 December 2024.
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to £9,309,245 (2023 - £16,137,767).
The directors do not recommend the payment of a dividend.
The directors who served during the year were:
The directors are focused on driving the company's growth in the coming year. We plan to expand our offerings and invest in new technology to strengthen our position and support long-term success that align with our strategic goals.
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
After reviewing our current financial position and future outlook, the directors believe the company is in a strong position to continue operating smoothly. We’re confident that we have the resources needed to meet our obligations and keep the business on track.
The directors firmly believe that the company’s success is rooted in the strength of our relationships with key stakeholders, including employees, suppliers, customers, and other partners. We are dedicated to nurturing these relationships through a foundation of trust, mutual respect, and shared objectives. This commitment is reflected in our everyday business practices and strategic decisions.
For our employees, we are committed to creating an environment that supports their growth, performance, and well-being. We recognize that our people are at the heart of our operations, and their development is essential to the company’s overall success. We focus on talent management, encouraging continuous learning and providing opportunities for advancement. In our interactions with suppliers and customers, we prioritize collaboration and communication. By working closely with our suppliers, we ensure the delivery of high-quality products and services that meet the needs of our customers. Our dedication to customer satisfaction drives us to constantly refine our offerings and remain responsive to their evolving expectations. Overall, our strategic approach to stakeholder engagement is a core element of our business culture. The directors and management team continuously prioritize these relationships, understanding that they are critical to sustaining our high standards and promoting the long-term success of the company. This commitment is also aligned with our duties under Section 172 of the Companies Act, as detailed in our Strategic Report.
The Company has not disclosed information in respect of greenhouse gas emissions, energy consumption and energy efficiency action as its energy consumption in the United Kingdom for the year is 40,000kWh or lower.
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The company has repaid the loan from a group company of £20,715,318 (US$26,000,000) on 27 January 2025.
The auditor, Hillier Hopkins LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
We have audited the financial statements of Forbes Digital Marketing Limited (Previously Marketplace Platforms Limited) (the 'Company') for the year ended 31 December 2024, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Cash Flows, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED) (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED) (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
∙the nature of the industry and sector, control environment and business performance including the remuneration incentives and pressures of key management;
∙the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management. We consider the results of our enquiries of management about their own identification and assessment of the risks of irregularities;
∙any matters we identified having obtained and reviewed the Company’s documentation of their policies and procedures relating to:
°identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;
°detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;
°the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;
∙the matters discussed among the audit engagement team, regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud. We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. We focused on laws and regulations that could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and relevant tax legislation.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED) (CONTINUED)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Statutory Auditor
Radius House
51 Clarendon Road
Herts
WD17 1HP
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
REGISTERED NUMBER: 12651100
BALANCE SHEET
AS AT 31 DECEMBER 2024
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
REGISTERED NUMBER: 12651100
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 19 to 34 form part of these financial statements.
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 31 DECEMBER 2024
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Forbes Digital Marketing Limited (previously Marketplace Platforms Limited) is a private company limited by shares incorporated in England within the United Kingdom. The address of the registered office is 45 Pall Mall, London, United Kingdom, SW1Y 5JG.
The company changed its name from Marketplace Platforms Limited to Forbes Digital Marketing Limited on 25th February 2025. The company's principal activity is the publication and supply of consumer and business content.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in the financial statements are rounded to the nearest £1.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
As at the year end, the Company had net current asset of £89,824,928 (2023: £87,925,091), net assets of £316,178,832 (2023: £306,869,587) and generated a profit before tax of £12,411,807 (2023: £20,271,048).
The financial statements have been prepared on a going concern basis as the parent undertaking, Forbes Marketplace Holdings Limited, has indicated that it will continue to support the company financially for at least twelve months from the date of the audit report. Having due regard to these matters and after making appropriate enquiries including preparing budgets and forecasts, the Director has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for a period of at least 12 months following the approval of these financial statements.
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
The estimated useful lives range as follows:
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Impairment of financial assets
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Derecognition of financial instruments
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Valuation of Intellectual property Intellectual properties are all held at cost less amortisation and impairment in accordance with valuations carried out by external valuers. Valuations are based on a number of key assumptions, including estimates of future income and terminal value. The intellectual property is subject to annual impairment reviews. The intellectual property is subject to impairment reviews.
Analysis of turnover by country of destination:
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
11.Taxation (continued)
There were no factors that may affect future tax charges.
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
12.Intangible assets (continued)
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Share premium account
Profit and loss account
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £411,755 (2023: £226,473). Contributions totalling £402 (2023: £48,734) were payable to the fund at the balance sheet date and are included in creditors.
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FORBES DIGITAL MARKETING LIMITED (PREVIOUSLY MARKETPLACE PLATFORMS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
23.Other financial gurarantees
The company had secured a debenture by giving fixed and floating charges including negative pledges over its assets to HSBC UK Bank Plc on 14 March 2023. These charges have been satisfied on 7 August 2024.
The company is a wholly owned subsidiary of
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