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CHRYSALIS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
The Company is a private Company limited by shares and is incorporated in the United Kingdom. The address of its registered office is Floors 1-3, 20 Vauxhall Bridge Road, London, SW1V 2SA.
2.Accounting policies
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Basis of preparation of financial statements
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The Company’s financial statements have been prepared and approved by the directors in accordance with International Financial Reporting Standards as adopted by the United Kingdom (“UK”).
The financial statements are presented in pounds sterling. They are prepared on the historical cost basis.
The Company has taken exemption from preparing consolidated financial statements afforded by section 400 of the Companies Act 2006, because it is a wholly owned subsidiary of Bertelsmann SE & Co. KGaA which prepares consolidated financial statements that are publicly available (refer to note 9).
Investments in subsidiaries are measured at cost less accumulated impairment.
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Employee costs and directors' emoluments
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The number of staff employed by the Company is nil (2023: nil), therefore no costs were incurred in either year. The directors did not receive emoluments in respect of their services to the Company (2023: £nil). Their emoluments were borne by affiliate company BMG Rights Management Services (UK) Limited.
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