Appear Here Limited - Accounts to registrar (filleted) - small 23.2.5
Appear Here Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2022 |
| for |
| Appear Here Limited |
| Appear Here Limited (Registered number: 07736672) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2022 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3 |
| Appear Here Limited (Registered number: 07736672) |
| Balance Sheet |
| 31 December 2022 |
| 2022 | 2021 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Shares to be issued |
| Share options reserve |
| Equity reserve | 11 |
| Retained earnings | ( |
) | ( |
) |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| Appear Here Limited (Registered number: 07736672) |
| Balance Sheet - continued |
| 31 December 2022 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Appear Here Limited (Registered number: 07736672) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2022 |
| 1. | STATUTORY INFORMATION |
| Appear Here Limited is a |
| Registered number: |
| Registered office: |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 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. |
| Turnover |
| Turnover represents the total invoice value, excluding value added tax, of commission income made during the year. |
| Commission income is recognised when the landlord invoices the tenant. |
| 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. |
| Tangible fixed assets |
| Short leasehold | - |
| Improvements to property | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost less any impairment. |
| 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. |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred. |
| Appear Here Limited (Registered number: 07736672) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2022 |
| 2. | ACCOUNTING POLICIES - continued |
| Share-based payments |
| The grant date fair value of share-based payments awards granted to employees is recognised as an employee expense, with a corresponding increase in equity, over the period in which the employees become |
| unconditionally entitled to the awards. The fair value of the awards granted is measured using an option valuation model, taking into account the terms and conditions upon which the awards were granted. The amount recognised as an expense is adjusted to reflect the actual number of awards for which the related service and non-market vesting conditions are expected to be met, such that the amount ultimately recognised as an expense is based on the number of awards that do meet the related service and non-market performance conditions at the vesting date. For share-based payment awards with non-vesting conditions, the grant date fair value of the share-based payment is measured to reflect such conditions and there is no true-up for differences between expected and actual outcomes. |
| Share-based payment transactions in which the company receives goods or services by incurring a liability to |
| transfer cash or other assets that is based on the price of the company's equity instruments are accounted for as cash-settled share-based payments. The fair value of the amount payable to employees is recognised as an expense, with a corresponding increase in liabilities, over the period in which the employees become |
| unconditionally entitled to payment. The liability is remeasured at each balance sheet date and at settlement date. Any changes in the fair value of the liability are recognised as personnel expense in profit or loss. |
| Shares issued in exchange for goods or services are recorded at the fair value of the goods or services received from the supplier. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Intellectual | Domain |
| property | names | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2022 |
| and 31 December 2022 |
| AMORTISATION |
| At 1 January 2022 |
| Amortisation for year |
| At 31 December 2022 |
| NET BOOK VALUE |
| At 31 December 2022 |
| At 31 December 2021 |
| Appear Here Limited (Registered number: 07736672) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2022 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2022 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 December 2022 |
| DEPRECIATION |
| At 1 January 2022 |
| Charge for year |
| At 31 December 2022 |
| NET BOOK VALUE |
| At 31 December 2022 |
| At 31 December 2021 |
| 6. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 January 2022 |
| and 31 December 2022 |
| NET BOOK VALUE |
| At 31 December 2022 |
| At 31 December 2021 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| Appear Here Limited (Registered number: 07736672) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2022 |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Other creditors |
| 10. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2022 | 2021 |
| £ | £ |
| Within one year |
| Between one and five years |
| 11. | RESERVES |
| Equity |
| reserve |
| £ |
| At 1 January 2022 |
| Issued during the year | 95,826 |
| At 31 December 2022 |
| Appear Here Limited (Registered number: 07736672) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2022 |
| 12. | SHARE-BASED PAYMENT TRANSACTIONS |
| The Company operates an Enterprise Management Incentive Share Option Scheme, a French qualified share option plan, an Unapproved Share Option Scheme and an Incentive Stock options scheme. Options are granted to employees, senior employees and directors at the market price of the Company's ordinary shares. The options vest from 1 to 4 years following grant date. Options will not vest unless the employee remains in the service of the Company and provided the relevant criteria is met. The options are exercisable up until the 10th anniversary from the date of grant. |
| Reconciliations of the number and weighted average exercise price by option scheme are presented below. |
Share option type | Date of Grant | Number of Shares |
Enterprise Management Incentive | 22/05/2015 - 31/12/2021 | 893,872 |
Unapproved Share Options | 22/05/2015 - 31/12/2021 | 3,172,934 |
Incentive Stock Option | 09/08/2017 - 31/12/2021 | 6,974 |
French Qualified Share Options | 08/10/2018 - 31/12/2021 | 3,862 |
| Total | 4,077,642 |
EMI Scheme | Unapproved Scheme | ISO Scheme | French Scheme | Weighted average exercise price |
| Number of shares |
| At 1 January 2022 | 893,872 | 3,172,934 | 6,974 | 3,862 | £0.12 |
| Granted | - | - | - | - | £0.12 |
| Exercised in the year | - | - | - | - | £0.12 |
| Lapsed in the year | - | - | - | - | £0.12 |
| Outstanding as at 31 December 2022 | 893,872 | 3,172,934 | 6,974 | 3,862 | £0.12 |
| Exercisable as at 31 December 2022 | 811,872 | 3,172,934 | 6,974 | 3,862 | £0.12 |
| The total charge for the period was £nil (2021 : £329). |
| The total figure included in reserves as at 31 December 2022 is £781,038 (2021: £781,038). |
| 13. | CONVERTIBLE LOAN NOTES |
| On 1 March 2022, the Company issued 8% fixed rate unsecured convertible loan notes of £1 each. The loan notes are convertible into fully paid shares. |
| When issued, the new shares shall rank pari passu with the current issued share capital of the Company. |
| Subject to agreement between the Company and the loan note holder, the outstanding value of loan notes can be redeemed at any time at the principal amount plus outstanding interest. The Company does not have the right to repay the loan notes without the agreement of the loan note holder. |
| As at the date of signing, all convertible loan notes existing in the 2022 financial statements have been converted for equity |