Docusign Envelope ID: 2E32D4B7-0400-4137-82DC-363298B5C6F5
LONGVIEW HOLDING UK 3 LIMITED
Registered number: 08922412 Financial Statements
For the year ended 31 December 2024
Docusign Envelope ID: 2E32D4B7-0400-4137-82DC-363298B5C6F5
LONGVIEW HOLDING UK 3 LIMITED
For the year ended 31 December 2024
Company information
Company registration number
08922412
Registered office
207 Regent Street
Suite 8, Third Floor
London, England
W1B 3HH
Directors
David Michael Woodworth (resigned 8 November 2024)
Edward John Dillon (appointed 8 November 2024)
John-Henry Fredrik Liepe
Vistra Company Secretaries Limited (resigned 6 February 2024)
Secretary
Independent auditor
Grant Thornton
Chartered Accountants & Statutory Auditors 13-18 City Quay
Dublin 2
Docusign Envelope ID: 2E32D4B7-0400-4137-82DC-363298B5C6F5
LONGVIEW HOLDING UK 3 LIMITED
For the year ended 31 December 2024
CONTENTS
PAGE
Strategic report
1
3
Directors' report
Directors' responsibilities statement
5
Independent auditor's report
6-9
Statement of comprehensive income
10
11
Statement of financial position
12
Statement of changes in equity
Notes to the financial statements
13-19
Docusign Envelope ID: 2E32D4B7-0400-4137-82DC-363298B5C6F5
LONGVIEW HOLDING UK 3 LIMITED
Strategic Report
For the year ended 31 December 2024
The directors present the strategic report for the year ended 31 December 2024.
The principal activity of the company is to act as an intermediate holding company for the group headed by Longview Holding UK Limited, whose principal activity is the development and distribution of computer software to provide planning, budgeting and forecasting, financial consolidation and management reporting, tax planning and provisioning and business intelligence functionality to enterprise customers.
A review of the business and future developments, including key performance indicators and the principal risks and uncertainties is set out below.
Business Review
Performance
The company acts as an intermediate holding company for its subsidiary trading entities. Its performance is therefore not measured in the context of the wider group.
The company did not trade during the year and in the prior year.
Position
For the year ended 31 December 2024, the company made no further changes to its investment holdings. Its net assets as of year-end was $14,421k (2023: $14,421k).
Principal risks and uncertainties
The directors consider the key risks facing the company as part of a wider insightsoftware group to be:
*
Changes in demand for on premise solutions in enterprise marketplace could have an impact on the group's revenue. Currently, on premise solutions are the preferred form of delivery in the enterprise space and generally have a higher average license value than cloud solutions. Cloud delivery is gaining popularity and insightsoftware is emphasizing this form of sale across its product suite but the mix of these models in our sales could lead to variability in short-term profitability.
*
Competition from other software providers; insightsoftware's products are currently very well positioned against our competitors but there is a risk that the introduction of a new product by one or more of our competitors could adversely impact insightsoftware's sales and financial performance.
Future developments
The directors do not envisage any substantial changes to the nature of the business in the foreseeable future.
Page 1
Docusign Envelope ID: 2E32D4B7-0400-4137-82DC-363298B5C6F5
LONGVIEW HOLDING UK 3 LIMITED
Strategic Report (cont'd)
Going concern
For the year ended 31 December 2024, the company did not trade and its net assets as of year end was
$14,421k (2023: $14,421k).
The directors have ensured that the company will receive adequate financial support from its trading subsidiaries should it be required. Further, the directors received confirmation from the company's parent that they will provide the necessary financial support to enable the company to discharge its liabilities as they fall due for a period of at least twelve months from the date of signing these financial statements. As a result, the directors have prepared the financial statements on the basis that the company is a going concern.
This report was approved by the board and signed on its behalf.
John-Henry Fredrik Liepe
Director
Date: 01 August 2025
Page 2
Docusign Envelope ID: 2E32D4B7-0400-4137-82DC-363298B5C6F5
LONGVIEW HOLDING UK 3 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.
Principal activity
The principal activity of the company is to act as an intermediate holding company for the group headed by Longview Holding UK Limited, whose principal activity is the development and distribution of computer software to provide planning, budgeting and forecasting, financial consolidation and management reporting, tax planning and provisioning and business intelligence functionality to enterprise customers.
Results and dividends
The company did not trade during the year and in the prior year.
No dividends were paid during the year or proposed at the year-end (2023: $Nil).
Directors
The directors who served during the year were:
David Michael Woodworth (resigned 8 November 2024) Edward John Dillon (appointed 8 November 2024)
John-Henry Fredrik Liepe
Political Contributions
During the year, the company made no political contributions (2023: $Nil).
Branches outside the United Kingdom
There are no branches outside the United Kingdom.
Research and development activities
The company did not engage in research and development activities during the year.
Qualifying third party indemnity provisions
The company has put in place qualifying third party indemnity provisions for all of the directors of the company which was in force at the date of the approval of this report.
Page 3
Docusign Envelope ID: 2E32D4B7-0400-4137-82DC-363298B5C6F5
LONGVIEW HOLDING UK 3 LIMITED
Directors' report (cont'd)
Disclosure of information to auditor
Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:
*
So far as the directors are aware, there is no relevant audit information of which the company's auditor is unaware, and
*
the directors have taken all the steps that ought to have been taken as directors in order to be aware of any relevant audit information and to establish that the company's auditor is aware of that information.
Events since the end of the year
There have been no significant post year-end events that require adjustment to or disclosure in the financial statements.
Auditor
The auditor, Grant Thornton, 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.
John-Henry Fredrik Liepe
Director
Date: 01 August 2025
Page 4
Docusign Envelope ID: 2E32D4B7-0400-4137-82DC-363298B5C6F5
LONGVIEW HOLDING UK 3 LIMITED
Directors' responsibilities statement 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.
Company law requires the directors to prepare financial statements for each year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.
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 judgements 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; and
*
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.
On behalf of the board
John-Henry Fredrik Liepe
Director
Date:01 August 2025
Page 5
Independent auditor's report to the members of Longview Holding UK 3 Limited
Opinion
We have audited the financial statements of Longview Holding UK 3 Limited (“the Company”), which comprise the Statement of comprehensive income, Statement of financial position, Statement of changes in equity for the year ended 31 December 2024, and the related notes to the financial statements, including a summary of significant accounting policies.
The financial reporting framework that has been applied in the preparation of the financial statements is applicable law and accounting standards issued by the Financial Reporting Council including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).
In our opinion, Longview Holding UK 3 Limited's financial statements:

- *

give a true and fair view in accordance with United Kingdom Generally Accepted Accounting Practice of the assets, liabilities and financial position of the Company as at 31 December 2024 and of its financial performance for the year then ended; and

- *

have been properly prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
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 ‘Responsibilities of the auditor 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 FRC's Ethical Standard and the ethical pronouncements established by Chartered Accountants Ireland, applied as determined to be appropriate in the circumstances for the entity. 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.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of 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 the date when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Independent auditor's report to the members of Longview Holding UK 3 Limited
Other information
Other information comprises information included in the annual report, other than the financial statements and our auditor's report thereon, including the Directors' Report and the Strategic Report. The directors are responsible for the other information. 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.
In connection with our audit of the financial statements, 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 audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies in the financial statements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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.
Opinions on other matters prescribed by the Companies Act 2006
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 prepared for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- *

the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
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 any material misstatements in the Strategic Report and the Directors' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- *

adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- *

the financial statements are not in agreement with the accounting records and returns; or

- *

certain disclosures of directors' remuneration specified by law are not made; or

- *

we have not received all the information and explanations we require for our audit.
Independent auditor's report to the members of Longview Holding UK 3 Limited
Responsibilities of management and those charged with governance for the financial statements
As explained more fully in the Directors' responsibilities statement, management is responsible for the preparation of the financial statements which give a true and fair view in accordance with United Kingdom Generally Accepted Accounting Practice, including FRS 102, and for such internal control as trustees determine necessary to enable the preparation of financial statements are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
Those charged with governance are responsible for overseeing the Company's financial reporting process.
Responsibilities of the auditor for the audit of the financial statements
The objectives of an auditor 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 their 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.
A further description of an auditor's 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.
Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud
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. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatement in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with ISAs (UK).
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:
Based on our understanding of the Company and industry, we identified that the principal risks of non- compliance with laws and regulations related to data protection requirements in the jurisdictions in which the Company operates and holds data, employment regulation in the UK and other environment regulations and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulation that have a direct impact on the preparation of the financial statements such as Companies Act 2006 and UK tax legislation. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting inappropriate journal entries to manipulate financial performance and management bias through judgements and assumptions in significant accounting estimates, in particular in relation to significant one-off or unusual transactions.
Independent auditor's report to the members of Longview Holding UK 3 Limited
Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud (continued)
We apply professional scepticism through the audit to consider potential deliberate omission or concealment of significant transactions, or incomplete/inaccurate disclosures in the financial statements.
In response to these principal risks, our audit procedures included but were not limited to:

- *

enquiries of management and those charged with governance on the policies and procedures in place regarding compliance with laws and regulations, including consideration of known or suspected instances of non-compliance and whether they have knowledge of any actual, suspected or alleged fraud;

- *

enquiries of in-house legal counsel and review of minutes of board meetings during the period to corroborate enquiries made;

- *

gaining an understanding of the internal controls established to mitigate risk related to fraud;

- *

discussion amongst the engagement team in relation to the identified laws and regulations and regarding the risk of fraud, and remaining alert to any indications of non-compliance or opportunities for fraudulent manipulation of financial statements throughout the audit;

- *

identifying and testing journal entries to address the risk of inappropriate journals and management override of controls;

- *

designing audit procedures to incorporate unpredictability around the nature, timing, or extent of our testing;

- *

challenging assumptions and judgements made by management in their significant accounting estimates, including recoverability of fixed asset investment; and

- *

review of the financial statements disclosures to underlying supporting documentation and inquiries of management.
The primary responsibility for the prevention and detection of irregularities including fraud rests with those charged with governance and management. As with any audit, there remains a risk of non-detection or irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or override of internal controls.
The purpose of our audit work and to whom we owe our responsibilities
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.
Tracey Sullivan (Senior Statutory Auditor)
For and on behalf of
Grant Thornton
Chartered Accountants & Statutory Auditors
Dublin
Date: 01 August 2025
Docusign Envelope ID: 2E32D4B7-0400-4137-82DC-363298B5C6F5
LONGVIEW HOLDING UK 3 LIMITED
Statement of comprehensive income For the year ended 31 December 2024
During the year ended 31 December 2024 and the preceding year, the company did not trade and it received no income and incurred no expenditure. Consequently, during these years, the company made neither a profit nor a loss.
There was no other comprehensive income for 2024 (2023 - $Nil).
-
0
-
0
-
0
-
0
The accompanying notes form an integral part of the financial statements.
Page 10
Docusign Envelope ID: 2E32D4B7-0400-4137-82DC-363298B5C6F5
Registered number: 08922412 LONGVIEW HOLDING UK 3 LIMITED
Statement of financial position As at 31 December 2024
Note
2024
2023
$000
$000
Non-current assets
14,421
14,421
Fixed asset investments
4
14,421
14,421
Total non-current assets
Total assets
14,421
14,421
14,421
14,421
Net assets
Equity
-
0
-
0
Called up share capital
5
12,221
Share premium account
12,221
2,200
2,200
Profit and loss account
14,421
14,421
Shareholder's surplus
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
John-Henry Fredrik Liepe
Director
01 August 2025
The accompanying notes form an integral part of the financial statements.
Page 11
Docusign Envelope ID: 2E32D4B7-0400-4137-82DC-363298B5C6F5
LONGVIEW HOLDING UK 3 LIMITED
Statement of changes in equity
For the year ended 31 December 2024
Share premium account
Called up share capital
Shareholder's surplus
Profit and loss account
$000
$000
$000
$000
Equity as at 1 January 2023
-
0
12,221
2,200
14,421
-
0
Comprehensive loss for the year
-
0
-
0
-
0
Equity as at 31 December 2023
-
0
12,221
2,200
14,421
Share premium account
Called up share capital
Profit and loss account
Shareholder's surplus
$000
$000
$000
$000
2,200
Equity as at 1 January 2024
-
0
12,221
14,421
-
0
-
0
Comprehensive loss for the year
-
0
-
0
Equity as at 31 December 2024
-
0
12,221
2,200
14,421
The accompanying notes form an integral part of the financial statements.
Page 12
Docusign Envelope ID: 2E32D4B7-0400-4137-82DC-363298B5C6F5
LONGVIEW HOLDING UK 3 LIMITED
Notes to the financial statements
For the year ended 31 December 2024
NOTE 1 Statement of Significant Accounting Policies
a.
General information
Longview Holding UK 3 Limited is a private company limited by shares which is incorporated in the United Kingdom registered under the company number 08922412. The Company's registered address is at 207 Regent Street, Suite 8, Third Floor, London, England, W1B 3HH.
The company operates as an intermediate holding company for its subsidiary trading entities which are primarily engaged in the development and distribution of computer software to provide planning, budgeting and forecasting, financial consolidation and management reporting, tax planning and provisioning and business intelligence functionality to enterprise customers.
Accounting policies
b.
I. Basis of preparation
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The company's functional and presentation currency is USD ($). The financial statements are presented in round thousands ($000) unless otherwise indicated.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies (see Note 1(g)).
The following principal accounting policies have been applied:
ii. Going Concern
The company did not trade during the year, or in the prior year. For the year ended 31 December 2024, the company made no further changes to its investment holdings. Its net assets as of year-end was $14,421k (2023: $14,421k).
The directors have ensured that the company will receive adequate financial support from its trading subsidiaries should it be required. Further, the directors received confirmation from the company's parent that they will provide the necessary financial support to enable the company to discharge its liabilities as they fall due for a period of at least twelve months from the date of signing these financial statements. As a result, the directors have prepared the financial statements on the basis that the company is a going concern.
Page 13
Docusign Envelope ID: 2E32D4B7-0400-4137-82DC-363298B5C6F5
LONGVIEW HOLDING UK 3 LIMITED
Notes to the financial statements
For the year ended 31 December 2024
NOTE 1 Statement of Significant Accounting Policies (cont'd)
b.
iii. Exemption from preparing consolidated financial statements
The financial information of the company is included in the consolidated financial statements of GS Intermediate, Inc. The company is exempt under s401 of the Companies Act 2006 from the requirement to prepare consolidated financial statements. The smallest and largest consolidated financial statements presented are that of GS Intermediate, Inc. They are available from Corporation Trust Center 1209 Orange St, Wilmington, New Castle, DE, 19801, USA.
The company has availed of the exemptions in FRS 102 section 1.12 (b) which allows non- disclosure of the requirements of Section 7 Statement of Cash Flows, Section 3 Financial Statement Presentation paragraph 3.17(d) and Section 11 Basic Financial Instruments disclosure. The company has also availed of the exemptions in FRS 102 Section 1.12 (e) which allows non-disclosure of the requirement of Section 33 Related Party Disclosures paragraph
33.7. The company has availed of the above exemptions on the basis that it is a qualifying entity and its parent company includes this information in its consolidated financial statements (see Note 9).
c.
Valuation of investments
Investments in subsidiaries are stated at cost less provision for impairment.
At each reporting date, the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognized where the carrying amount exceeds the recoverable amount.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognized for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.
d.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, inclusive of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
e.
Creditors
Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, inclusive of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Page 14
Docusign Envelope ID: 2E32D4B7-0400-4137-82DC-363298B5C6F5
LONGVIEW HOLDING UK 3 LIMITED
Notes to the financial statements
For the year ended 31 December 2024
NOTE 1 Statement of Significant Accounting Policies (cont'd)
f.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, or loans from and to related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument, and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the reporting date.
Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an 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.
Page 15
Docusign Envelope ID: 2E32D4B7-0400-4137-82DC-363298B5C6F5
LONGVIEW HOLDING UK 3 LIMITED
Notes to the financial statements
For the year ended 31 December 2024
h. Judgements in applying accounting policies and key sources of estimation uncertainty
The company makes certain estimates and assumptions regarding the future. Estimates and judgements are continually evaluated based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the future, actual experience may differ from these estimates and assumptions. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next year are discussed below.
Recoverability of fixed asset investments
The company reviews its investment in subsidiaries for any indicators of impairment in value. Determining whether the carrying value of financial assets have been impaired requires an estimation of the value in use of the investment in subsidiaries. This also takes into account other impairment indicators such as projected future operating results and significant negative industry or economic trends.
Page 16
Docusign Envelope ID: 2E32D4B7-0400-4137-82DC-363298B5C6F5
LONGVIEW HOLDING UK 3 LIMITED
Notes to the financial statements
For the year ended 31 December 2024
NOTE 2
Auditor's remuneration
2024
2023
$'000
$'000
Fees payable to the company's auditor for the audit of the company's annual financial statements
6
6
The audit fee is borne by a company within the group.
NOTE 3
Employees
The company has no employees other than the directors, who did not receive any remuneration during the year (2023: $Nil).
NOTE 4
Fixed asset investments
Investments in subsidiary company
$'000
Cost or valuation
At 1 January 2024
14,421
At 31 December 2024
14,421
Net book value
At 31 December 2024
14,421
At 31 December 2023
14,421
Subsidiary undertakings
The following subsidiary undertaking is directly held by the company:
Country of incorporation
Proportion of voting rights and shares held
Nature of business
Directly held
Software development and distribution
Longview of America LLC
100%
USA
Page 17
Docusign Envelope ID: 2E32D4B7-0400-4137-82DC-363298B5C6F5
LONGVIEW HOLDING UK 3 LIMITED
Notes to the financial statements
For the year ended 31 December 2024
NOTE 4 Fixed asset investments (cont'd)
The following are subsidiary undertakings in which Longview Holding UK 3 Limited has an indirect shareholding:
Country of incorporation
Proportion of voting rights and shares held
Indirectly held
Nature of business
100%
Tidemark Systems EMEA
Switzerland
Software distribution
Longview of America LLC is registered at 160 Greentree Drive, Ste 101, Dover, DE 19904, USA. Tidemark Systems EMEA S.A. is registered at Industriestrasse 176, Spreitenbach, 8957, Switzerland.
NOTE 5
Share capital
2024
2023
Shares classified as equity
$
$
Allotted, called up and fully paid
201 (2023 - 201) Ordinary shares of $1.00 each
201
201
NOTE 6
Reserves
Called up share capital
Nominal value of share capital subscribed for.
Share premium account
Amount subscribed for share capital in excess of nominal value.
Profit and loss account
All other net gains and losses and transactions with owners (e.g. dividends) not recognised elsewhere.
Page 18
Docusign Envelope ID: 2E32D4B7-0400-4137-82DC-363298B5C6F5
LONGVIEW HOLDING UK 3 LIMITED
Notes to the financial statements
For the year ended 31 December 2024
NOTE 7
Related party transactions
No related party transactions were entered into during the year and in the prior year.
As a wholly owned subsidiary undertaking of an ultimate parent undertaking whose financial statements are publicly available, the company has taken advantage of the exemption available under FRS 102 Section 33 not to disclose transactions with wholly owned members of the group.true
NOTE 8
Subsequent events
There have been no significant events subsequent to year-end that require adjustment to or disclosure in the financial statements.
NOTE 9
Controlling party
The immediate parent company is Longview Holding Hedge UK Limited, a company incorporated in the UK. The directors deem that there is no ultimate controlling party to the Company as the ultimate shareholders of the group do not exercise control over the Company.
The results are consolidated into the financial statements of GS Intermediate Inc., an intermediate parent company, the smallest and largest group company to prepare consolidated accounts. They are available from Corporation Trust Center, 1209 Orange St., Wilmington, New Castle, DE, 19801, USA.
Page 19
false CCH Software iXBRL Review & Tag 2025.2 2024-12-31 2024-01-01 false 0 0 true 08922412 2024-01-01 2024-12-31 08922412 bus:Director1 2024-01-01 2024-12-31 08922412 bus:Director2 2024-01-01 2024-12-31 08922412 bus:Director3 2024-01-01 2024-12-31 08922412 bus:CompanySecretary1 2024-01-01 2024-12-31 08922412 bus:Director1 2024-12-31 08922412 bus:CompanySecretary1 2024-12-31 08922412 bus:Director2 2024-12-31 08922412 2024-12-31 08922412 2023-01-01 2023-12-31 08922412 core:ShareCapital 2023-01-01 2023-12-31 08922412 core:SharePremium 2023-01-01 2023-12-31 08922412 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 08922412 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 08922412 core:ShareCapital 2024-01-01 2024-12-31 08922412 core:SharePremium 2024-01-01 2024-12-31 08922412 2023-12-31 08922412 core:ShareCapital 2024-12-31 08922412 core:ShareCapital 2023-12-31 08922412 core:SharePremium 2023-12-31 08922412 core:SharePremium 2024-12-31 08922412 core:RetainedEarningsAccumulatedLosses 2024-12-31 08922412 core:RetainedEarningsAccumulatedLosses 2023-12-31 08922412 core:ShareCapital 2022-12-31 08922412 core:SharePremium 2022-12-31 08922412 core:RetainedEarningsAccumulatedLosses 2022-12-31 08922412 2022-12-31 08922412 core:RetainedEarningsAccumulatedLosses 2023-12-31 08922412 core:ShareCapital 2023-12-31 08922412 core:SharePremium 2023-12-31 08922412 2023-12-31 08922412 core:Subsidiary1 2024-01-01 2024-12-31 08922412 core:Subsidiary2 2024-01-01 2024-12-31 08922412 1 2024-01-01 2024-12-31 08922412 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08922412 bus:Audited 2024-01-01 2024-12-31 08922412 bus:FullAccounts 2024-01-01 2024-12-31 08922412 bus:FRS102 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:USD