Company registration number 10870122 (England and Wales)
MICROSEARCH HOLDINGS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
MICROSEARCH HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
MICROSEARCH HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,255,382
1,255,382
Investments
5
2,211,005
2,211,005
3,466,387
3,466,387
Current assets
Debtors
6
1,772,462
1,643,293
Cash at bank and in hand
230
308
1,772,692
1,643,601
Creditors: amounts falling due within one year
7
(3,054,478)
(3,192,265)
Net current liabilities
(1,281,786)
(1,548,664)
Net assets
2,184,601
1,917,723
Capital and reserves
Called up share capital
6,175
6,175
Share premium account
1,352,325
1,352,325
Profit and loss reserves
826,101
559,223
Total equity
2,184,601
1,917,723

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 4 September 2025 and are signed on its behalf by:
Mr M O'Connor
Director
Company registration number 10870122 (England and Wales)
MICROSEARCH HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Microsearch Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1B, Moderna Business Park, Moderna Way, Hebden Bridge, West Yorkshire, HX7 5QQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Not depreciated
1.3
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the 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 an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

MICROSEARCH HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments

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 debtors and cash and bank balances, are measured at transaction price.

Classification of 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 deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies that are classified as debt, are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities is payment is due within one year or less. If not, they are presented as non-current liabilities.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

MICROSEARCH HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
0
0
4
Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2024 and 31 December 2024
1,255,382
Depreciation and impairment
At 1 January 2024 and 31 December 2024
-
0
Carrying amount
At 31 December 2024
1,255,382
At 31 December 2023
1,255,382
5
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
2,211,005
2,211,005
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,772,462
1,643,293
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
-
0
3,960
Amounts owed to group undertakings
3,052,509
3,184,166
Taxation and social security
469
840
Other creditors
1,500
3,299
3,054,478
3,192,265
MICROSEARCH HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Christopher Howitt
Statutory Auditor:
Hentons
Date of audit report:
4 September 2025
10
Parent company

The company's immediate parent is IFP Labs Limited, a company incorporated in England and Wales. The registered office of the parent company is 5 Fleet Place, London EC4M 7RD.

The ultimate parent company is IFP - Labs GmbH, a company incorporated in Germany.The registered office of the parent company is Westendstrasse 28, Frankfurt Am Main, Germany.

2024-12-31 2024-01-01 false false false 04 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr M O'Connor Mr D Franklin 10870122 2024-01-01 2024-12-31 10870122 2024-12-31 10870122 2023-12-31 10870122 core:LandBuildings 2024-12-31 10870122 core:LandBuildings 2023-12-31 10870122 core:ShareCapital 2024-12-31 10870122 core:ShareCapital 2023-12-31 10870122 core:SharePremium 2024-12-31 10870122 core:SharePremium 2023-12-31 10870122 core:RetainedEarningsAccumulatedLosses 2024-12-31 10870122 core:RetainedEarningsAccumulatedLosses 2023-12-31 10870122 bus:Director1 2024-01-01 2024-12-31 10870122 core:LandBuildings core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10870122 2023-01-01 2023-12-31 10870122 core:LandBuildings 2023-12-31 10870122 core:CurrentFinancialInstruments 2023-12-31 10870122 core:CurrentFinancialInstruments 2024-12-31 10870122 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10870122 bus:FRS102 2024-01-01 2024-12-31 10870122 bus:Audited 2024-01-01 2024-12-31 10870122 bus:Director2 2024-01-01 2024-12-31 10870122 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10870122 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP