FOR THE YEAR ENDED 31 DECEMBER 2024
COUNTY HOMESEARCH INTERNATIONAL LIMITED
COMPANY INFORMATION
COUNTY HOMESEARCH INTERNATIONAL LIMITED
CONTENTS
COUNTY HOMESEARCH INTERNATIONAL LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
County Homesearch International Limited is a private company limited by shares, registered in England and Wales. The registration number is 03373134. The registered office address is Chy Nyverow, Newham Road, Truro, Cornwall, TR1 2DP. It is owned by Dwellworks Europe Limited which in turn is owned by Dwellworks LLC. Dwellworks LLC is headquartered in Cleveland, Ohio, was established in May 2007 and provides four relocation-related solutions: Relocation, Corporate Housing, Property valuation and management and Property advisory/brokerage.
After the peak of 2022, the results in 2023 softened and this continued into 2024. The industry continues to face headwinds with global tariffs, immigration issues and high lending rates. Employees tend to turn down relocation advancement opportunities with these uncertainties. Also, client hiring is flat which slows down relocation. With the softening market, steps were taken to reduce costs to a level more aligned with the current business volume.
At first glance, the results of 2023 and 2024 do not show the results of these efforts. The 2023 loss includes a £1.2 mil receivable write-off related to an underperforming related party subsidiary. The 2024 results include a £244k reduction of goodwill related to a prior acquisition. Without these one-time non-cash adjustments, the profitability of the business would be dramatically different. Despite these one-time adjustments, the business generates a solid cash flow to sustain our operations.
At first glance, the results of 2023 and 2024 do not show the results of these efforts. The 2023 loss includes a £1.2 mil receivable write-off related to an underperforming related party subsidiary. The 2024 results include a £244k reduction of goodwill related to a prior acquisition. Without these one-time non-cash adjustments, the profitability of the business would be dramatically different. Despite these one-time adjustments, the business generates a solid cash flow to sustain our operations.
The principal risk of the business is the global economy. As the economy strengthens and weakens, global businesses will expand or contract their travel and relocation programs. The expansion and contraction directly affects the performance of our business. Other minor risks and uncertainties are associated with customer consolidations and supplier demand.
Risks and uncertainties arising from the actions of other group companies have been detailed in the going concern section of the Directors' report.
Risks and uncertainties arising from the actions of other group companies have been detailed in the going concern section of the Directors' report.
Monthly financial key performance indicators are reviewed versus the plan and prior year. A summary of the results is below.
• Revenue was unfavorable to the plan by 40%.
• Margin was unfavorable to the plan by 36%.
• EBITDA (excluding the intercompany management charge) was unfavorable to the plan by 74%.
• Revenue was unfavorable to the plan by 40%.
• Margin was unfavorable to the plan by 36%.
• EBITDA (excluding the intercompany management charge) was unfavorable to the plan by 74%.
Other key performance indicators for the business are:
• Weekly Volume of Request for Proposals
• Conversion rate of Request for Proposals
These metrics are communicated weekly and discussed regularly on management team calls.
• Weekly Volume of Request for Proposals
• Conversion rate of Request for Proposals
These metrics are communicated weekly and discussed regularly on management team calls.
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COUNTY HOMESEARCH INTERNATIONAL LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
This report was approved by the board and signed on its behalf.
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COUNTY HOMESEARCH INTERNATIONAL 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.
The profit for the year, after taxation, amounted to £11,083 (2023: loss £808,675).
The directors who served during the year were:
We continue to look at ways to develop our business in different ways. Last year we acquired the US destination services business of a competitor. Our high service level scores allowed us to acquire the E&Y business as they switched their relocation provider from Sirva to Graebel. We are also examining our product offerings to ensure that they are priced competitively with the right costs to maximize profit. We evaluate the SG&A cost structure of the business and adjust when needed.
During the year, the company generated a profit before tax of £139,360 (2023: loss of £634,962). At the year end the Company held net current assets of £2,023,074 and net assets of £1,494,801.
The company is a 100% subsidiary of Dwellworks Europe Limited, a company which is 100% owned by its US parent Dwellworks LLC. Forecasts have been prepared by management and considered for a period in excess of 12 months from the date of approval of these financial statements.
The Company have prepared forecasts which demonstrate sufficient funding 12 months from the approval of these financial statements. This includes an intercompany debt owed to the Company by Dwellworks LLC of £1,698,443 which the parent Company has confirmed its intention to repay in full.
In addition to the above balance, the trade of County Homesearch International is closely linked to that of Dwellworks LLC. Contractual relationships through which County Homesearch International generate a significant amount of its income are held by Dwellworks LLC. County Homesearch International also benefits from the systems and personnel of Dwellworks LLC to the extent there is doubt as to its ability to continue as a stand alone entity without Dwellworks LLC.
Dwellworks LLC has evaluated its ability to continue as a going concern in light of amendments to its Credit Agreement in 2025. The amendments include the waiver of certain historical defaults of Dwellworks LLC. The management of Dwellworks LLC identified several non-financial milestones that are required to maintain compliance and avoid further default. The deadline for the next milestone has been extended until May 15, 2026. If this milestone is not met, it may result in the acceleration of the debt obligations of Dwellworks LLC and enforcement of remedies by lenders. The management of Dwellworks LLC is actively pursuing strategic alternatives.
Based on its own financial position, as well as current results and future forecasts, the Directors of County Homesearch International Limited believe it has sufficient liquidity to meet its obligations. However, due to the potential technical non-compliance with required non-financial milestones by Dwellworks LLC and the implications that this could have for County Homesearch International Limited, the Directors have concluded that a material uncertainty exists in relation to events or conditions that may cast significant doubt on the ability of the Company to realise its assets and discharge its liabilities in the normal course of business and, therefore, continue to operate as a going concern.
The company is a 100% subsidiary of Dwellworks Europe Limited, a company which is 100% owned by its US parent Dwellworks LLC. Forecasts have been prepared by management and considered for a period in excess of 12 months from the date of approval of these financial statements.
The Company have prepared forecasts which demonstrate sufficient funding 12 months from the approval of these financial statements. This includes an intercompany debt owed to the Company by Dwellworks LLC of £1,698,443 which the parent Company has confirmed its intention to repay in full.
In addition to the above balance, the trade of County Homesearch International is closely linked to that of Dwellworks LLC. Contractual relationships through which County Homesearch International generate a significant amount of its income are held by Dwellworks LLC. County Homesearch International also benefits from the systems and personnel of Dwellworks LLC to the extent there is doubt as to its ability to continue as a stand alone entity without Dwellworks LLC.
Dwellworks LLC has evaluated its ability to continue as a going concern in light of amendments to its Credit Agreement in 2025. The amendments include the waiver of certain historical defaults of Dwellworks LLC. The management of Dwellworks LLC identified several non-financial milestones that are required to maintain compliance and avoid further default. The deadline for the next milestone has been extended until May 15, 2026. If this milestone is not met, it may result in the acceleration of the debt obligations of Dwellworks LLC and enforcement of remedies by lenders. The management of Dwellworks LLC is actively pursuing strategic alternatives.
Based on its own financial position, as well as current results and future forecasts, the Directors of County Homesearch International Limited believe it has sufficient liquidity to meet its obligations. However, due to the potential technical non-compliance with required non-financial milestones by Dwellworks LLC and the implications that this could have for County Homesearch International Limited, the Directors have concluded that a material uncertainty exists in relation to events or conditions that may cast significant doubt on the ability of the Company to realise its assets and discharge its liabilities in the normal course of business and, therefore, continue to operate as a going concern.
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COUNTY HOMESEARCH INTERNATIONAL LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Other than the matters detailed in the going concern section above, there have been no significant events affecting the Company since the year end.
The auditors, Bishop Fleming Audit Limited, 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.
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COUNTY HOMESEARCH INTERNATIONAL 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 financial 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 judgments and accounting estimates that are reasonable and prudent;
∙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.
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COUNTY HOMESEARCH INTERNATIONAL LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF COUNTY HOMESEARCH INTERNATIONAL LIMITED
We have audited the financial statements of County Homesearch International Limited (the 'Company') for the year ended 31 December 2024, which comprise the Statement of income and retained earnings, the Statement of financial position and notes, including 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).
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 Auditors' 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 United Kingdom, including the Financial Reporting Council'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.
We draw attention to note 2.3 in the financial statements, which indicates the potential non-compliance with required non-financial milestones by another Group company. As stated in note 2.3, these events or conditions, along with the other matters as set forth in note 2.3, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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.
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COUNTY HOMESEARCH INTERNATIONAL LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF COUNTY HOMESEARCH INTERNATIONAL LIMITED (CONTINUED)
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 for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.
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 material misstatements in the Strategic report or the Directors' report.
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COUNTY HOMESEARCH INTERNATIONAL LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF COUNTY HOMESEARCH INTERNATIONAL LIMITED (CONTINUED)
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 Auditors' 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.
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. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
• We have considered the nature of the industry and sector, control environment and business performance, key drivers for directors’ remuneration, bonus levels and performance targets;
• We have considered the results of our enquiries of management about their own identification and assessment of the risks of irregularities;
• Any matters identified having obtained and reviewed the Company’s documentation of their policies and procedures relating to:
• Identifying, evaluation and complying with laws and regulations and whether they were aware of any instances of non-compliance;
• Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;
• The internal controls established to mitigate risks of fraud or noncompliance with laws and regulations;
We have considered the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in revenue recognition cut-off.
In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.
We also obtained an understanding of the legal and regulators frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Companies Act 2006, Financial Reporting Standard 102 and UK tax legislation.
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COUNTY HOMESEARCH INTERNATIONAL LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF COUNTY HOMESEARCH INTERNATIONAL LIMITED (CONTINUED)
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Company’s ability to operate or to avoid a material penalty. These included data protection regulations, occupational health and safety regulations and employment legislation.
Our procedures to respond to the risks identified included the following:
• Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having direct effect on the financial statements.
• Enquiring of management concerning actual and potential litigation and claims;
• Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
• Performing detailed transactional testing in relation to the recognition of revenue with a particular focus around year-end cut off;
• In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries, and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of potential bias; and evaluating the business rationale of any significant t ransactions that are unusual or outside the normal course of the business.
We also communicated relevant identified laws and regulations and potential fraud risk to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our 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 Auditors' 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 Auditors' 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.
for and on behalf of
Chartered Accountants
Statutory Auditors
Chy Nyverow
Newham Road
Cornwall
TR1 2DP
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COUNTY HOMESEARCH INTERNATIONAL LIMITED
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 DECEMBER 2024
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COUNTY HOMESEARCH INTERNATIONAL LIMITED
REGISTERED NUMBER:03373134
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 12 to 24 form part of these financial statements.
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COUNTY HOMESEARCH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
County Homesearch International Limited is a private company limited by shares, registered in England and Wales. The registration number is 03373134. The registered office address is Chy Nyverow, Newham Road, Truro, Cornwall, TR1 2DP.
2.ACCOUNTING POLICIES
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d).
This information is included in the consolidated financial statements of Dwellworks Europe Limited as at 31 December 2024 and these financial statements may be obtained from Companies House.
During the year, the company generated a profit before tax of £139,360 (2023: loss of £634,962). At the year end the Company held net current assets of £2,023,074 and net assets of £1,494,801.
The company is a 100% subsidiary of Dwellworks Europe Limited, a company which is 100% owned by its US parent Dwellworks LLC. Forecasts have been prepared by management and considered for a period in excess of 12 months from the date of approval of these financial statements.
The Company have prepared forecasts which demonstrate sufficient funding 12 months from the approval of these financial statements. This includes an intercompany debt owed to the Company by Dwellworks LLC of £1,698,443 which the parent Company has confirmed its intention to repay in full.
In addition to the above balance, the trade of County Homesearch International is closely linked to that of Dwellworks LLC. Contractual relationships through which County Homesearch International generate a significant amount of its income are held by Dwellworks LLC. County Homesearch International also benefits from the systems and personnel of Dwellworks LLC to the extent there is doubt as to its ability to continue as a stand alone entity without Dwellworks LLC.
Dwellworks LLC has evaluated its ability to continue as a going concern in light of amendments to its Credit Agreement in 2025. The amendments include the waiver of certain historical defaults of Dwellworks LLC. The management of Dwellworks LLC identified several non-financial milestones that are required to maintain compliance and avoid further default. The deadline for the next milestone has been extended until May 15, 2026. If this milestone is not met, it may result in the acceleration of the debt obligations of Dwellworks LLC and enforcement of remedies by lenders. The management of Dwellworks LLC is actively pursuing strategic alternatives.
The company is a 100% subsidiary of Dwellworks Europe Limited, a company which is 100% owned by its US parent Dwellworks LLC. Forecasts have been prepared by management and considered for a period in excess of 12 months from the date of approval of these financial statements.
The Company have prepared forecasts which demonstrate sufficient funding 12 months from the approval of these financial statements. This includes an intercompany debt owed to the Company by Dwellworks LLC of £1,698,443 which the parent Company has confirmed its intention to repay in full.
In addition to the above balance, the trade of County Homesearch International is closely linked to that of Dwellworks LLC. Contractual relationships through which County Homesearch International generate a significant amount of its income are held by Dwellworks LLC. County Homesearch International also benefits from the systems and personnel of Dwellworks LLC to the extent there is doubt as to its ability to continue as a stand alone entity without Dwellworks LLC.
Dwellworks LLC has evaluated its ability to continue as a going concern in light of amendments to its Credit Agreement in 2025. The amendments include the waiver of certain historical defaults of Dwellworks LLC. The management of Dwellworks LLC identified several non-financial milestones that are required to maintain compliance and avoid further default. The deadline for the next milestone has been extended until May 15, 2026. If this milestone is not met, it may result in the acceleration of the debt obligations of Dwellworks LLC and enforcement of remedies by lenders. The management of Dwellworks LLC is actively pursuing strategic alternatives.
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COUNTY HOMESEARCH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.ACCOUNTING POLICIES (CONTINUED)
Based on its own financial position, as well as current results and future forecasts, the Directors of County Homesearch International Limited believe it has sufficient liquidity to meet its obligations. However, due to the potential technical non-compliance with required non-financial milestones by Dwellworks LLC and the implications that this could have for County Homesearch International Limited, the Directors have concluded that a material uncertainty exists in relation to events or conditions that may cast significant doubt on the ability of the Company to realise its assets and discharge its liabilities in the normal course of business and, therefore, continue to operate as a going concern.
Functional and presentation currency
Transactions and balances
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COUNTY HOMESEARCH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.ACCOUNTING POLICIES (CONTINUED)
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COUNTY HOMESEARCH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.ACCOUNTING POLICIES (CONTINUED)
GOODWILL
OTHER INTANGIBLE ASSETS
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Amortisation is provided on the following bases:
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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COUNTY HOMESEARCH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.ACCOUNTING POLICIES (CONTINUED)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
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COUNTY HOMESEARCH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.ACCOUNTING POLICIES (CONTINUED)
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related and investments in ordinary shares.
An element of cost of sales are accrued at the year end date based on an estimated gross profit margin. This estimation is performed based on actual margins achieved and a look back test is performed quarterly to ensure that the estimation applied is deemed reasonable and materially accurate.
The Directors have estimated the useful economic life of acquired goodwill to be 10 years and this is the period over which the goodwill balance is being amortised. Goodwill impairment is considered annually by the directors by discounting forecast cash generation using an accepted group borrowing rate.
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COUNTY HOMESEARCH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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COUNTY HOMESEARCH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
7.TAXATION (CONTINUED)
In the prior year, a provision of £1,246,358 was made against a non-trade debtor with a fellow Group entity.
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COUNTY HOMESEARCH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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COUNTY HOMESEARCH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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COUNTY HOMESEARCH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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COUNTY HOMESEARCH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Share premium account
Profit and loss account
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COUNTY HOMESEARCH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £72,062 (2023: £60,967), and at the balance sheet date £Nil (2023: £Nil) was outstanding.
The company is a wholly owned subsidiary of Dwellworks Europe Limited , a company incorporated in England and Wales, whose registered office is Chy Nyverow, Newham Road, Truro, Cornwall, TR1 2DP. The ultimate parent undertaking is Dwellworks Holdings Inc , an entity incorporated in the United States of America. There is no ultimate controlling party.
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