REGISTERED NUMBER: 06670598 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Myheritage (Uk) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Adler

G Japhet

REGISTERED OFFICE:

Lytchett House, 13 Freeland Park,

Wareham Road

Poole

Dorset

BH16 6FA

REGISTERED NUMBER:

06670598 (England and Wales)

AUDITORS:

Anstey Bond LLP

Statutory Auditors &

Chartered Accountants

1-2 Charterhouse Mews

London

EC1M 6BB

FIXED ASSETS

Tangible assets

5

538

1,773

CURRENT ASSETS

Debtors

6

3,424

3,860

Cash at bank

802,695

3,125,988

806,119

3,129,848

CREDITORS

Amounts falling due within one year

7

(715,893

)

(3,055,551

)

NET CURRENT ASSETS

90,226

74,297

TOTAL ASSETS LESS CURRENT LIABILITIES

90,764

76,070

CAPITAL AND RESERVES

Called up share capital

2

1

Retained earnings

90,762

76,069

90,764

76,070

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 15 December 2025 and were signed on its behalf by:

R Adler - Director

1.	STATUTORY INFORMATION

Myheritage (Uk) Limited 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.

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.

The presentation currency of the financial statements is the USD ($) and have been prepared to the nearest whole $.

Change in Functional and Presentational Currency:

During the year ended 31 December 2024, the Company changed its functional and presentational currency from GBP Sterling to USD. This change was made to better reflect the economic environment in which the Company operates, as the majority of its transactions are now denominated in USD. This change was effective on 1 January 2024.

The financial statements for the year ended 31 December 2024 have been presented in USD. Comparative figures for the year ended 31 December 2023 have been translated from GBP to USD using the exchange rate at the date of the change (1 January 2024).

Exchange Rates Used:

The exchange rate at 1 January 2024: 1 GBP = 1.27303 USD

The average exchange rate for 1 January 2023 to 31 December 2023: 1 GBP = 1.2432 USD

Comparative figures have been translated as follows:

Assets and liabilities were translated at the exchange rate at 1 January 2024.

Income and expenses were translated at the average exchange rate for the year ended 31 December 2023. Any differences in retained earnings have been reflected as a foreign exchange expense.

Going concern

The director has at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment - 3 years straight line

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 United states dollar (USD) at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into USD 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.

Cash and cash equivalents

In the company's financial statements, cash and cash equivalents includes cash on hand and deposits held with banks.

Trade and other debtors

Trade and other debtors are measured at transaction price less any impairment for bad and doubtful debts..

Trade and other creditors

Trade and other creditors are obligations to pay for services that have been acquired in the ordinary course of business and are measured at historical cost. Accrued expenses are recognised when the amount can be measured reliably.

Provisions and accruals

Provision are recognised when there is present legal or constructive obligation as a result of past event and the amount can be reliably estimated. Provisions are not recognised for future operating losses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	AUDITORS' REMUNERATION

2024

2023

Auditor's remuneration

$

$

10,052

10,184

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

$

COST

At 1 January 2024

and 31 December 2024

4,420

DEPRECIATION

At 1 January 2024

2,647

Charge for year

1,235

At 31 December 2024

3,882

NET BOOK VALUE

At 31 December 2024

538

At 31 December 2023

1,773

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

$

$

Other debtors

3,424

3,860

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

$

$

Amounts owed to group undertakings

715,810

3,045,141

Taxation and social security

83

-

Other creditors

-

10,410

715,893

3,055,551

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

The Report of the Auditors was unqualified.

Colin Ellis FCCA CF (Senior Statutory Auditor)

for and on behalf of Anstey Bond LLP

9.	RELATED PARTY DISCLOSURES

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.

10.	ULTIMATE CONTROLLING PARTY

The company knows or has reasonable cause to believe that these is no registrable person or registrable relevant legal entity in relation to the company.

The immediate controlling Company is Treehouse Junior Limited registered in England and Wales, registered office; The Peak Level 2, 5 Wilton Road, London, SW1V 1AN. England.