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REGISTERED NUMBER: 05802151 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD

30 OCTOBER 2020 TO 31 DECEMBER 2021

FOR

AQUARIUM SOFTWARE LTD

AQUARIUM SOFTWARE LTD (REGISTERED NUMBER: 05802151)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 OCTOBER 2020 TO 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AQUARIUM SOFTWARE LTD

COMPANY INFORMATION
FOR THE PERIOD 30 OCTOBER 2020 TO 31 DECEMBER 2021







DIRECTORS: T Plouf
J Turner
A Bearman



REGISTERED OFFICE: 4th Floor
Charter House
Woodlands Road
Altrincham
Cheshire
WA14 1HF



REGISTERED NUMBER: 05802151 (England and Wales)



AUDITORS: Heywood Shepherd
Chartered Accountants
1 Park Street
Macclesfield
Cheshire
SK11 6SR



ACCOUNTANTS: Axis Accounting
Chartered Certified Accountants
Jordangate House
Jordangate
Macclesfield
SK10 1EQ

AQUARIUM SOFTWARE LTD (REGISTERED NUMBER: 05802151)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
(Unaudited)
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 103,769 130,958
Investments 5 1,000 -
104,769 130,958

CURRENT ASSETS
Debtors 6 511,452 1,553,369
Cash at bank 7,678,683 1,288,976
8,190,135 2,842,345
CREDITORS
Amounts falling due within one year 7 6,532,837 2,810,413
NET CURRENT ASSETS 1,657,298 31,932
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,762,067

162,890

CAPITAL AND RESERVES
Called up share capital 211 211
Share premium 499,690 499,690
Capital redemption reserve 15 15
Retained earnings 1,262,151 (337,026 )
1,762,067 162,890

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2022 and were signed on its behalf by:





J Turner - Director


AQUARIUM SOFTWARE LTD (REGISTERED NUMBER: 05802151)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 OCTOBER 2020 TO 31 DECEMBER 2021


1. STATUTORY INFORMATION

Aquarium Software Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 20% on cost
Plant and machinery - 33% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost


AQUARIUM SOFTWARE LTD (REGISTERED NUMBER: 05802151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 OCTOBER 2020 TO 31 DECEMBER 2021


2. ACCOUNTING POLICIES - continued
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered,

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates f exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

Reporting period
These accounts cover the 14 months to 31 December 2021, whereas the comparatives, which are not audited, cover a period of 11 months to 29 October 2020. The year end was extended to be coterminous with its US parent company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 46 (2020 - 44 ) .

AQUARIUM SOFTWARE LTD (REGISTERED NUMBER: 05802151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 OCTOBER 2020 TO 31 DECEMBER 2021


4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and Computer
improvements machinery fittings equipment Totals
£ £ £ £ £
COST
At 30 October 2020 83,568 216,117 34,513 21,807 356,005
Additions 530 35,068 - - 35,598
At 31 December 2021 84,098 251,185 34,513 21,807 391,603
DEPRECIATION
At 30 October 2020 31,608 147,111 24,521 21,807 225,047
Charge for period 16,522 42,199 4,066 - 62,787
At 31 December 2021 48,130 189,310 28,587 21,807 287,834
NET BOOK VALUE
At 31 December 2021 35,968 61,875 5,926 - 103,769
At 29 October 2020 51,960 69,006 9,992 - 130,958

5. FIXED ASSET INVESTMENTS
Other
investments
£
COST
Additions 1,000
At 31 December 2021 1,000
NET BOOK VALUE
At 31 December 2021 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
(Unaudited)
£ £
Trade debtors 290,375 483,893
Other debtors 149 1,651
Tax - 755,984
Payroll debtors, inc employee loans and salary
sacrifice

553

500
VAT 66,743 -
Prepayments and accrued income 153,632 311,341
511,452 1,553,369

AQUARIUM SOFTWARE LTD (REGISTERED NUMBER: 05802151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 OCTOBER 2020 TO 31 DECEMBER 2021


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
(Unaudited)
£ £
Trade creditors 587,868 387,576
Amounts owed to group undertakings 3,628,012 -
Tax 1,977,094 -
Social security and other taxes 116,707 83,401
VAT - 161,759
Other creditors - 105
Credit cards - 3,470
Pension creditor 25,593 3,266
Accruals and deferred income 197,563 2,170,836
6,532,837 2,810,413

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Neil Kennington (Senior Statutory Auditor)
for and on behalf of Heywood Shepherd

9. RELATED PARTY DISCLOSURES

Aquarium HR Limited

A 100% subsidiary.

Total net sales of £44,927 were charged and net expenses of £773 incurred during the period to Aquarium HR Limited.

Trupanion Inc

Ultimate parent and controlling party.

Total net sales to Trupanion Inc during the period was £5,034,326. A dividend of £6.9 million was paid out to Trupanion Inc during the period. A management charge was incurred of £1,416,795. At the balance sheet date the loan outstanding to Trupanion Inc was £3,628,012.

10. ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY

The company's immediate and ultimate parent undertaking is Trupanion Inc. Trupanion Inc was incorporated in the United States. Copies of the group accounts may be obtained from the secretary, 6100 4th Avenue, South Suite 200, Seattle, WA 98108, United States. The ultimate controlling party is Trupanion Inc who controls 100% of the shares in Aquarium Software Limited.