Clearer.io UK Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 14241120 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CLEARER.IO UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr TJ Goodwin

Ms J Leuer

REGISTERED OFFICE:

Granville Hall

Granville Road

Leicester

LE1 7RU

REGISTERED NUMBER:

14241120 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr Mark Harrison BA(Hons) FCA

INDEPENDENT AUDITORS:

Mark J Rees LLP Chartered Accountants

Granville Hall

Granville Road

Leicester

Leicestershire

LE1 7RU

FIXED ASSETS

Intangible assets

4

42,495,135

47,967,516

Tangible assets

5

69,619

75,339

Investments

6

1,364,699

43,929,453

49,407,554

CURRENT ASSETS

Debtors

7

3,237,517

3,595,900

Cash at bank

745,482

1,305,514

3,982,999

4,901,414

CREDITORS

Amounts falling due within one year

8

3,467,838

3,887,562

NET CURRENT ASSETS

515,161

1,013,852

TOTAL ASSETS LESS CURRENT
LIABILITIES

44,444,614

50,421,406

PROVISIONS FOR LIABILITIES

11

29,365

28,694

NET ASSETS

44,415,249

50,392,712

CAPITAL AND RESERVES

Called up share capital

56,261,475

Retained earnings

(11,846,226

)

(5,868,763

)

SHAREHOLDERS' FUNDS

44,415,249

50,392,712

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr TJ Goodwin - Director

1.	STATUTORY INFORMATION

Clearer.io UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The company was incorporated on 18th July 2022, meaning that the prior period was a 17 month period whereas the current year is a 12 month period. Therefore, the comparatives are not entirely comparable.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Clearer.io UK Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Revenue comprises the fair value for the provision of services excluding value added taxes and represents net invoice value less estimated rebates, returns and settlement discounts.

The company supplies services to customers online from its offices, under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on completion of the service.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

25% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Operating lease

Operating lease rentals are charged in the profit and loss account on a straight line basis over the lease term.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2023 - 32 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

Goodwill

software

Totals

£

COST

At 1 January 2024

54,731,109

88,910

54,820,019

Additions

-

9,784

At 31 December 2024

54,731,109

98,694

54,829,803

AMORTISATION

At 1 January 2024

6,841,389

11,114

6,852,503

Amortisation for year

5,473,111

9,054

5,482,165

At 31 December 2024

12,314,500

20,168

12,334,668

NET BOOK VALUE

At 31 December 2024

42,416,609

78,526

42,495,135

At 31 December 2023

47,889,720

77,796

47,967,516

5.	TANGIBLE FIXED ASSETS

Improvements

to

Computer

property

equipment

Totals

£

COST

At 1 January 2024

45,616

63,055

108,671

Additions

-

30,243

At 31 December 2024

45,616

93,298

138,914

DEPRECIATION

At 1 January 2024

13,982

19,350

33,332

Charge for year

11,404

24,559

35,963

At 31 December 2024

25,386

43,909

69,295

NET BOOK VALUE

At 31 December 2024

20,230

49,389

69,619

At 31 December 2023

31,634

43,705

75,339

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2024

and 31 December 2024

1,364,699

NET BOOK VALUE

At 31 December 2024

1,364,699

At 31 December 2023

1,364,699

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

15,414

4,996

Amounts owed by group undertakings

2,856,663

3,460,061

Other debtors

242,527

110,562

Taxation

106,000

-

Prepayments

16,913

20,281

3,237,517

3,595,900

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

10,263

22,242

Amounts owed to group undertakings

2,729,591

2,680,532

Taxation

-

297,302

Paye/Ni payable

-

44,001

VAT

132,680

326,302

Other creditors

4,874

21,200

Accruals and deferred income

590,430

495,983

3,467,838

3,887,562

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

Within one year

50,000

Between one and five years

150,000

In more than five years

216,666

266,667

416,666

466,667

10.	SECURED DEBTS

The company has both fixed and floating charges on a loan from the parent company Apphub LLC, this loan is shown in the Apphub UK Holdings Limited accounts.

11.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

Accelerated capital allowances

29,365

28,694

Deferred

tax

£

Balance at 1 January 2024

28,694

Movement in provision

671

Balance at 31 December 2024

29,365

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Mark Harrison BA(Hons) FCA (Senior Statutory Auditor)

for and on behalf of Mark J Rees LLP Chartered Accountants

13.	PENSION COMMITMENTS

The company operates defined contribution pension schemes. The assets of the schemes are held separately from those of the company within independently administered funds. The total contributions paid in the year amounted to £47,838 (2023: £49,090). Contributions of £4,874 (2023: £7,069) were unpaid at the year end.

14.	RELATED PARTY DISCLOSURES

A management charge of £840,734 (2023: £993,500) was paid to AppHub UK Holdings Limited in the period.

A management charge of £653,237 (2023: £35,101) was paid to AppHub LLC in the period.

A management charge of £246,315 (2023: £322,925) was received from Reviews.io 2020 GmbH in the period.

During the period the company rented premises in the normal course of business from Mr C McKeefery at a cost of £48,611 (2023: £62,500).

Within creditors is a balance of £Nil (2023: £5,203) owed to related companies.

No interest was charged on the above balance.

15.	ULTIMATE CONTROLLING PARTY

The company's parent company at the balance sheet date is AppHub UK Holdings Limited, a private limited company incorporated and registered in England and Wales. The registered office of AppHub UK Holdings Limited is 3rd Floor, 1 Ashley Road, Altrincham, Cheshire, United Kingdom, WA14 2DT and copies of the financial statements are available from Companies House, Crown Way, Cardiff, VF14 3UZ.

The ultimate parent company and controlling party is AppHub JV Holdings GP, LLC and is an American public limited company. The group accounts can be found at Corporation Trust Centre 1209 Orange State, Wilmington, New Castle, DE, 19801.