Company Registration No. 12187725 (England and Wales)
Ground Truth Holdings Limited
Unaudited accounts
for the year ended 31 December 2024
Ground Truth Holdings Limited
Unaudited accounts
Contents
Ground Truth Holdings Limited
Company Information
for the year ended 31 December 2024
Directors
Stewart Kelly
Matthew Hunt
Jon Soberg
Company Number
12187725 (England and Wales)
Registered Office
Telephone House
69 Paul Street
7th Floor
London
EC2A 4NQ
United Kingdom
Accountants
'Evolve Accounting and Tax Solutions Ltd'
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
Ground Truth Holdings Limited
Statement of financial position
as at 31 December 2024
Debtors
7,880,738
5,731,180
Cash at bank and in hand
4,739
275,618
Creditors: amounts falling due within one year
(3,044)
(3,063)
Net current assets
7,882,433
6,003,735
Net assets
7,882,534
6,003,836
Called up share capital
230
229
Share premium
7,425,355
5,801,137
Profit and loss account
456,949
202,470
Shareholders' funds
7,882,534
6,003,836
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by
Stewart Kelly
Director
Company Registration No. 12187725
Ground Truth Holdings Limited
Notes to the Accounts
for the year ended 31 December 2024
Ground Truth Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 12187725. The registered office is Telephone House, 69 Paul Street, 7th Floor, London, EC2A 4NQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Investments
Subsidiary undertakings
Valuation at 1 January 2024
101
Valuation at 31 December 2024
101
The company owns 100% of the share capital in Ground Truth Intelligence Limited and Ground Truth Intelligence USA Inc.
Amounts falling due after more than one year
Amounts due from group undertakings etc.
7,880,738
5,731,180
Ground Truth Holdings Limited
Notes to the Accounts
for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
1
1
Taxes and social security
1,310
1,442
Allotted, called up and fully paid:
1,414,622 Ordinary shares of £0.0001 each
141.46
141.46
54,303 B Ordinary of £0.0001 each
5.43
4.17
463,311 Seed Ordinary of £0.0001 each
46.33
46.33
367,146 Seed preferred of £0.0001 each
36.71
36.71
Shares issued during the period:
12,583 B Ordinary of £0.0001 each
1
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).