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MIRAKL FINANCIAL SERVICES LTD
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
Mirakl Financial Services Ltd is a private limited liability company incorporated in England and Wales with its business and registered office address at 82 Dean Street, London, W1D 3SP.
The principal activity of the Company is to operate as a financial intermediary for marketplaces.
The Company was incorporated on 29 May 2025 and commenced activity on same date.
The Company's functional and presentational currency is £ Sterling.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The Company was incorporated on 29 May 2025 and these are its first financial statements. The Company recorded a nil result for the period ended 31 December 2025. At that date the Company had net assets and net current assets of £1,000.
The Company depends on the continuing financial support of the Mirakl group to meet its liabilities as they fall due. The directors of Mirakl SAS, the ultimate parent undertaking, have confirmed their intention to make sufficient funds available to the Company to meet its obligations for at least twelve months from the date of approval of these financial statements. The confirmation is not legally binding on the parent undertaking.
The director has reviewed the financial position of the Mirakl group and is satisfied it has the resources to provide the support described above. She has identified no material uncertainties casting significant doubt on the Company's ability to continue as a going concern. The financial statements have therefore been prepared on the going concern basis.
Turnover represents amounts receivable for services provided in the ordinary course of business, excluding value added tax.
The Company acts as an agent in facilitating payments between marketplace operators, their sellers and their buyers. Amounts collected on behalf of third parties are not turnover of the Company. Turnover comprises the fees the Company earns for its own account in providing those services.
Fees are recognised as the related service is performed. Transaction based fees are recognised at the point the underlying transaction is processed.
Amounts recharged to fellow group undertakings under the intercompany services agreement are consideration for services provided by the Company in the ordinary course of business. The Company recognises these amounts as turnover as the underlying services are performed.
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