Registration number:
Preminen Price Comparison Holdings Ltd
for the Year Ended 31 December 2024
Preminen Price Comparison Holdings Ltd
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Profit and Loss Account |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
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Detailed Profit and Loss Account |
Preminen Price Comparison Holdings Ltd
Company Information
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Directors |
Mr Marco Pescarmona Mr Filippo Tenderini Ms Simona Catargiu |
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Company secretary |
Lea Secretaries Limited |
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Registered office |
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Auditors |
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Preminen Price Comparison Holdings Ltd
Strategic Report for the Year Ended 31 December 2024
The directors present their strategic report for the year ended 31 December 2024.
Principal activity
The principal activity of the company is that of holding of a group of overseas companies operating in the market for the comparison, promotion, and online intermediation of products offered by financial institutions and e-commerce operators, as well as in the market for complex process outsourcing services for the financial and insurance sector.
Fair review of the business
During the year ended 31 December 2024, the Company reported a profit after tax of €19,392 (2023: loss of €15,314). The improvement in performance primarily reflects income received from investments in group undertakings and a reduction in administrative expenditure compared to the prior year.
As part of its ongoing review of investment performance and capital allocation, the Company partially disposed of its investment in its Mexican subsidiary during the year. This disposal resulted in a reduction in the carrying value of investments and reflects management’s continued assessment of the scale, pace and funding requirements of overseas operations. The Company continues to hold interests in overseas subsidiaries and associates following the disposal.
Subsequent to the year end, during 2025, the Company disposed of its remaining investment in the Mexican subsidiary.
The Company’s net assets at 31 December 2024 amounted to €4,421,155 (31 December 2023: €4,401,763).
Principal risks and uncertainties
Investment risk
The Company’s principal risk arises from its investments in overseas subsidiaries and associates. There is a risk that these operations may not generate sustainable long-term returns, which could result in impairment of investment carrying values.The partial disposal of the Mexican investment during the year and the subsequent disposal of the remaining investment in 2025 reflect the Company’s active monitoring and management of this risk
Market and competitive risk
The underlying businesses operate in competitive markets where changes in consumer behaviour, technological developments and competitor activity could adversely affect performance. The Group seeks to mitigate this risk through continued investment in technology and knowledge sharing across platforms.
Credit risk
Credit risk represents the risk of financial loss if a counterparty fails to meet its contractual obligations. The Company’s exposure to credit risk primarily relates to amounts owed by group undertakings and cash held at financial institutions. Cash balances are held with highly rated banks, and intercompany balances are monitored regularly.
Liquidity risk
Liquidity risk is the risk that the Company may be unable to meet its financial obligations as they fall due. The Company’s principal liquidity exposure arises from intercompany balances. These balances do not have fixed repayment terms, and the directors are satisfied that the Company has sufficient resources to meet its liabilities as they fall due.
Approved and authorised by the
Preminen Price Comparison Holdings Ltd
Strategic Report for the Year Ended 31 December 2024
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Preminen Price Comparison Holdings Ltd
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.
Directors of the company
The directors who held office during the year were as follows:
Branches outside the United Kingdom
The Company did not operate any branches outside of the United Kingdom during the year.
A branch in Spain,Preminen Price Comparison Holdings Sucursal en España, was closed in the prior year.
Going concern
The directors have considered the Company’s financial position and the ongoing support of the wider Group. Having made appropriate enquiries, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.
Important non adjusting events after the financial period
Subsequent to the year end, during 2025, the Company disposed of its remaining investment in Preminen Mexico S.A. de C.V. This event occurred after the reporting date and therefore has not been reflected in the amounts recognised in these financial statements. The directors consider this to be a non-adjusting post balance sheet event.
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Approved and authorised by the
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Preminen Price Comparison Holdings Ltd
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 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:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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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 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.
Preminen Price Comparison Holdings Ltd
Independent Auditor's Report to the Members of Preminen Price Comparison Holdings Ltd
Opinion
We have audited the financial statements of Preminen Price Comparison Holdings Ltd (the 'company') for the year ended 31 December 2024, which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
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. |
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 auditor responsibilities 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 UK, including the FRC’s Ethical Standard, and 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.
Other Matters
The financial statements of Preminen Price Comparison Holdings Ltd for the year ended 31 December 2023 were not audited. Accordingly, we do not express an opinion on the corresponding figures as at and for the year ended 31 December 2023.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the 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 when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. 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.
Preminen Price Comparison Holdings Ltd
Independent Auditor's Report to the Members of Preminen Price Comparison Holdings Ltd
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 or apparent material misstatements, 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.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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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 our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified 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 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. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities [set out on page 5], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are 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 the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives 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 our 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.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Preminen Price Comparison Holdings Ltd
Independent Auditor's Report to the Members of Preminen Price Comparison Holdings Ltd
We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience; through verbal and written communications with those charged with governance and other management; and via inspection of the company's regulatory and legal correspondence.
We discussed with those charged with governance and other management the policies and procedures regarding compliance with laws and regulations.
We communicated identified laws and regulations to our team and remained alert to any indicators of non-compliance throughout the audit; we also specifically considered where and how fraud may occur within the company.
The potential effect of these laws and regulations on the financial statements varies considerably.
Firstly, the company is subject to laws and regulations that directly affect the financial statements, including: the company's constitution, relevant financial reporting standards; company law; tax legislation and distributable profits legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.
Secondly the company is subject to other laws and regulations such as environmental regulations, health and safety regulations, and data protection regulations, where the consequences of non-compliance could have a material effect on the amounts or disclosures in the financial statements, for instance through the imposition of fines and penalties, or through losses arising from litigation.
International Standards on Auditing (UK) (ISAs (UK)) limit the required procedures to identify non-compliance with these laws and regulations, and no procedures over and above those already noted are required. These limited procedures did not identify any actual or suspected non-compliance with laws and regulations that could have a material impact on the financial statements.
In relation to fraud, we performed the following specific procedures in addition to those already noted:
. Challenging assumptions made by management in its significant accounting estimates;
. Identifying and testing journal entries, in particular any entries posted with unusual nominal ledger account combinations, journal entries crediting cash or any revenue account;
- Performing analytical procedures to identify unexpected movements in account balances which may be indicative of fraud;
. Ensuring that testing undertaken on both the performance statements and the Balance Sheet includes a number of items selected on a random basis.
These procedures did not identify any actual or suspected fraudulent irregularity that could have a material impact on the financial statements.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with International Standards on Auditing (UK)(ISAs (UK]). For example, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the procedures that we are required to undertake would identify it.
In addition, as with any audit, there remains a high risk of non-detection of irregularities, as these might involve collusion, forgery, intentional omissions, misrepresentation, or the override of internal controls. We are not responsible for preventing non-compliance with laws and regulations or fraud, and cannot be expected to detect non-compliance with all laws and regulations or every incidence of fraud.
Preminen Price Comparison Holdings Ltd
Independent Auditor's Report to the Members of Preminen Price Comparison Holdings Ltd
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
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.
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For and on behalf of
7/10 Chandos Street
London
W1G 9DQ
Preminen Price Comparison Holdings Ltd
Profit and Loss Account for the Year Ended 31 December 2024
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Note |
2024 |
2023 |
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Turnover |
- |
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Gross profit |
- |
|
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Administrative expenses |
( |
( |
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|
Other operating income |
- |
|
|
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Operating loss |
(34,716) |
(72,178) |
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|
Other interest receivable and similar income |
|
|
|
|
Profit/(loss) before tax |
|
( |
|
|
Tax on profit/(loss) |
- |
|
|
|
Profit/(loss) for the financial year |
|
( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Preminen Price Comparison Holdings Ltd
(Registration number: 09595901)
Balance Sheet as at 31 December 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Investments |
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|
|
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Current assets |
|||
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Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
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||
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Creditors: Amounts falling due within one year |
( |
( |
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|
Net current assets |
|
|
|
|
Net assets |
|
|
|
|
Called up share capital |
3,500,000 |
3,500,000 |
|
|
Capital redemption reserve |
16,500,000 |
16,500,000 |
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|
Other reserves |
9,660 |
9,660 |
|
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Retained earnings |
(15,588,505) |
(15,607,897) |
|
|
Shareholders' funds |
4,421,155 |
4,401,763 |
Approved and authorised by the
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Preminen Price Comparison Holdings Ltd
Statement of Changes in Equity for the Year Ended 31 December 2024
|
Share capital |
Capital redemption reserve |
Other reserves |
Retained earnings |
|
|
At 1 January 2024 |
|
|
|
( |
|
Profit for the year |
- |
- |
- |
|
|
At 31 December 2024 |
|
|
|
( |
|
Total |
|
|
At 1 January 2024 |
|
|
Profit for the year |
|
|
At 31 December 2024 |
|
|
Share capital |
Capital redemption reserve |
Other reserves |
Retained earnings |
|
|
At 1 January 2023 |
|
|
|
( |
|
Loss for the year |
- |
- |
- |
( |
|
At 31 December 2023 |
3,500,000 |
16,500,000 |
9,660 |
(15,607,897) |
|
Total |
|
|
At 1 January 2023 |
|
|
Loss for the year |
( |
|
At 31 December 2023 |
4,401,763 |
Preminen Price Comparison Holdings Ltd
Notes to the Financial Statements for the Year Ended 31 December 2024
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Preminen Price Comparison Holdings Ltd
Notes to the Financial Statements for the Year Ended 31 December 2024
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Debtors
Debtors represent amounts owed by group undertakings and other non-trade receivables. If collection is expected in one year or less (or in the normal operating cycle of the business if longer), they are classified as current assets. If not, they are presented as Fixed assets.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade Trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the Trade debtors.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less (or in the normal operating cycle of the business if longer). If not, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Turnover |
The analysis of the company's Turnover for the year from continuing operations is as follows:
|
2024 |
2023 |
|
|
Rendering of services |
- |
|
Turnover represents revenue generated by the Company’s Spanish branch during the prior financial year from the provision of services in the ordinary course of its activities. The branch was closed during the year ended 31 December 2023.
Preminen Price Comparison Holdings Ltd
Notes to the Financial Statements for the Year Ended 31 December 2024
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Other operating income |
The analysis of the company's other operating income for the year is as follows:
|
2024 |
2023 |
|
|
Miscellaneous other operating income |
- |
|
|
Operating loss |
Arrived at after charging/(crediting)
|
2024 |
2023 |
|
|
Depreciation expense |
- |
|
|
Foreign exchange gains |
( |
( |
|
Other interest receivable and similar income |
|
2024 |
2023 |
|
|
Other finance income |
|
|
Other finance income includes interest income arising on loans advanced to the Company’s immediate parent undertaking, which is a related party. Further details of related party balances are disclosed in the relevant notes to the financial statements.
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Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
|
2024 |
2023 |
|
|
Wages and salaries |
- |
( |
|
Other employee expense |
- |
( |
|
- |
( |
The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
|
2024 |
2023 |
|
|
Administration and support |
|
|
|
|
|
Preminen Price Comparison Holdings Ltd
Notes to the Financial Statements for the Year Ended 31 December 2024
|
Auditors' remuneration |
|
2024 |
2023 |
|
|
Audit of the financial statements |
|
- |
|
Taxation |
Tax charged/(credited) in the profit and loss account
|
2024 |
2023 |
|
|
Current taxation |
||
|
UK corporation tax |
- |
( |
|
Investments |
|
2024 |
2023 |
|
|
Investments in subsidiaries |
|
|
|
Investments in associates |
|
|
|
|
|
|
Subsidiaries |
€ |
|
Cost or valuation |
|
|
At 1 January 2024 |
|
|
Disposals |
( |
|
At 31 December 2024 |
|
|
Provision |
|
|
At 1 January 2024 |
|
|
Carrying amount |
|
|
At 31 December 2024 |
|
|
At 31 December 2023 |
|
|
Associates |
€ |
|
Cost |
|
|
At 1 January 2024 |
|
|
Provision |
|
|
Carrying amount |
|
|
At 31 December 2024 |
|
|
At 31 December 2023 |
|
Preminen Price Comparison Holdings Ltd
Notes to the Financial Statements for the Year Ended 31 December 2024
Aggregate financial information of associates
|
2024 |
2023 |
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
|
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
|
|
2024 |
2023 |
|||
|
Subsidiary undertakings |
||||
|
|
Varsovia 36, 06600 Col. Juarez Mexico City - Mexico Mexico |
|
|
|
|
Associates |
||||
|
|
42 Building 852, road 3618, block 436, Al Seef |
Ordinary |
|
|
|
Kingdom of Bahrain |
||||
|
Subsidiary undertakings |
|
Preminen Mexico S.A. de C.V. The principal activity of Preminen Mexico S.A. de C.V. is |
|
Associates |
|
Preninen MENA Price Comparison W.L.L. The principal activity of Preninen MENA Price Comparison W.L.L. is |
|
Debtors |
|
Current |
Note |
2024 |
2023 |
|
Amounts owed by related parties |
|
|
|
|
Other debtors |
|
|
|
|
|
|
Preminen Price Comparison Holdings Ltd
Notes to the Financial Statements for the Year Ended 31 December 2024
|
Cash and cash equivalents |
|
2024 |
2023 |
|
|
Cash at bank |
|
|
|
Creditors |
|
2024 |
2023 |
|
|
Due within one year |
||
|
Trade creditors |
- |
|
|
Accruals |
|
- |
|
|
|
|
Share capital |
Allotted, called up and fully paid shares
|
2024 |
2023 |
|||
|
No. |
€ |
No. |
€ |
|
|
|
|
1,750,000 |
|
1,750,000 |
|
|
|
1,750,000 |
|
1,750,000 |
|
|
|
|
|
|
|
Related party transactions |
Summary of transactions with parent
The balance is interest bearing at a rate of 3% per annum. There is no fixed repayment date and the amount is repayable on demand however, the directors do not expect the balance to be repaid within the next 12 months.
Loans to related parties
|
2024 |
Parent |
Total |
|
At start of period |
|
|
|
Advanced |
|
|
|
Repaid |
( |
( |
|
Interest transactions |
|
|
|
At end of period |
|
|
|
|
||
Preminen Price Comparison Holdings Ltd
Notes to the Financial Statements for the Year Ended 31 December 2024
|
2023 |
Parent |
Total |
|
Advanced |
|
|
|
Interest transactions |
|
|
|
At end of period |
|
|
|
|
||
|
Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate parent is
The most senior parent entity producing publicly available financial statements is
|
Non adjusting events after the financial period |
|
|
Preminen Price Comparison Holdings Ltd
Detailed Profit and Loss Account for the Year Ended 31 December 2024
|
2024 |
2023 |
|
|
Turnover (analysed below) |
- |
14,971 |
|
Gross profit (%) |
0% |
100% |
|
Administrative expenses |
||
|
Employment costs (analysed below) |
- |
7,993 |
|
Establishment costs (analysed below) |
- |
(88) |
|
General administrative expenses (analysed below) |
(34,716) |
(100,302) |
|
Depreciation costs (analysed below) |
- |
(35) |
|
(34,716) |
(92,432) |
|
|
Other operating income (analysed below) |
- |
5,283 |
|
Operating loss |
(34,716) |
(72,178) |
|
Other interest receivable and similar income (analysed below) |
54,108 |
10,932 |
|
Profit/(loss) before tax |
19,392 |
(61,246) |
Preminen Price Comparison Holdings Ltd
Detailed Profit and Loss Account for the Year Ended 31 December 2024
|
2024 |
2023 |
|
Turnover |
||
|
Rendering of services, UK |
- |
14,971 |
|
Employment costs |
||
|
Wages and salaries (excluding directors) |
- |
500 |
|
Staff training |
- |
7,493 |
|
- |
7,993 |
|
Establishment costs |
||
|
Rent |
- |
(88) |
|
General administrative expenses |
||
|
Telephone and fax |
(183) |
(116) |
|
Computer software and maintenance costs |
(527) |
(454) |
|
Printing, postage and stationery |
- |
(96) |
|
Courier services |
(6) |
(74) |
|
Sundry expenses |
- |
(748) |
|
Travel and subsistence |
- |
(4,317) |
|
Accountancy fees |
(11,194) |
(9,606) |
|
Auditor's remuneration - The audit of the company's annual accounts |
(5,791) |
- |
|
Legal and professional fees |
(25,080) |
(62,673) |
|
Bank charges |
(4,221) |
(2,425) |
|
Foreign currency (gains)/losses - operating expense |
12,286 |
148 |
|
Exceptional (profit)/loss on sale or termination of operations - discontinued operations |
- |
(19,941) |
|
(34,716) |
(100,302) |
|
Depreciation costs |
||
|
Depreciation of office equipment (owned) |
- |
(35) |
|
Other operating income |
||
|
Other operating income |
- |
5,283 |
|
Other interest receivable and similar income |
||
|
Other interest receivable |
54,108 |
10,932 |