IE-Annual-Report-&-Review-2024

Financial Statements Directors’ Responsibilities The directors are responsible for preparing the Directors’ Report and the financial statements in accordance with Irish law and regulations. Irish company law requires the directors to prepare financial statements for each financial year. Under the law, the directors have elected to prepare the financial statements in accordance with Companies Act 2014 and FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council. 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 assets, liabilities and financial position of the company as at the financial year end date and of the profit or loss of the company for the financial year and otherwise comply with the Companies Act 2014. In preparing these financial statements, the directors are required to: ▶ select suitable accounting policies and then apply them consistently; ▶ make judgments and accounting estimates that are reasonable and prudent; ▶ state whether the financial statements have been prepared in accordance with applicable accounting standards, identify those standards, and note the effect and the reasons for any material departure from those standards; and ▶ 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 ensuring that the company keeps or causes to be kept adequate accounting records which correctly explain and record the transactions of the company, enable at any time the assets, liabilities, financial position and profit or loss of the company to be determined with reasonable accuracy, enable them to ensure that the financial statements and directors’ report comply with the Companies Act 2014 and enable the financial statements to be audited. 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. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company’s website. Legislation in Ireland governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Accounting records The measures taken by the directors to ensure compliance with the requirements of Sections 281 to 285 of the Companies Act 2014, with regard to the keeping of proper accounting records, are the employment of appropriately qualified accounting personnel and the maintenance of computerised accounting systems. The company’s accounting records are maintained at the company’s registered office at 4th Floor, Harbour Square, Dun Laoghaire, Co. Dublin. Post Balance Sheet Events Since the balance sheet date of 31 December 2024, the directors have become aware of a material decline in the fair value of an investment held by the company. The fair value of the investment has fallen by approximately €450,000 as a result of changes in market conditions occurring after the reporting date. This event is classified as a non-adjusting post balance sheet event under FRS 102, Section 32, as it reflects circumstances that did not exist at the balance sheet date. Accordingly, no adjustment has been made to the carrying value of the investment in the financial statements as at 31 December 2024. Statement on relevant audit information In the case of each of the persons who are directors at the time this report is approved in accordance with Section 330 of Companies Act 2014: (a) So far as each director is aware, there is no relevant audit information of which the company’s statutory auditors are unaware, and (b) Each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company’s statutory auditors are aware of that information. Auditors The Auditors, Crowe Ireland, being eligible, will continue in office in accordance with Section 383(2) of the Companies Act 2014. Signed on behalf of the Board Director Ms. Louise English Date 28th April 2025 Director Mr. Bob Semple IE Domain Registry CLG t/a .IE / Annual Report & Review 2024 35