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REGISTERED NUMBER: 13196397 (England and Wales)















AUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 11 FEBRUARY 2021 TO 31 JANUARY 2022

FOR

TIGERGRAPH LIMITED

TIGERGRAPH LIMITED (REGISTERED NUMBER: 13196397)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 11 FEBRUARY 2021 TO 31 JANUARY 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TIGERGRAPH LIMITED

COMPANY INFORMATION
FOR THE PERIOD 11 FEBRUARY 2021 TO 31 JANUARY 2022







DIRECTOR: Y Xu





REGISTERED OFFICE: Fourth Floor St James House
St James' Square
Cheltenham
GL50 3PR





REGISTERED NUMBER: 13196397 (England and Wales)





AUDITORS: Milsted Langdon LLP
Chartered Accountants and Statutory Auditors
Freshford House
Redcliffe Way
Bristol
BS1 6NL

TIGERGRAPH LIMITED (REGISTERED NUMBER: 13196397)

BALANCE SHEET
31 JANUARY 2022

Notes £
CURRENT ASSETS
Debtors 4 19,086
Cash at bank 509,664
528,750
CREDITORS
Amounts falling due within one year 5 361,865
NET CURRENT ASSETS 166,885
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,885

CAPITAL AND RESERVES
Called up share capital 100
Other reserves 53,940
Retained earnings 112,845
166,885

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 director and authorised for issue on 19 April 2024 and were signed by:





Y Xu - Director


TIGERGRAPH LIMITED (REGISTERED NUMBER: 13196397)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 11 FEBRUARY 2021 TO 31 JANUARY 2022


1. STATUTORY INFORMATION

Tigergraph Limited 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.

Rounding used to the nearest pound.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

There are no estimates and assumptions which are considered to have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities.

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The Company is contracted by its parent company Tigergraph, Inc. to deliver sales and marketing services under an intercompany agreement. The Company is remunerated by its parent for these services.

TIGERGRAPH LIMITED (REGISTERED NUMBER: 13196397)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 11 FEBRUARY 2021 TO 31 JANUARY 2022


2. ACCOUNTING POLICIES - continued

Financial instruments
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 parties and investments in ordinary shares.

Basic financial assets and liabilities that are payable or receivable within one year, typically trade payables and receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

TIGERGRAPH LIMITED (REGISTERED NUMBER: 13196397)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 11 FEBRUARY 2021 TO 31 JANUARY 2022


2. ACCOUNTING POLICIES - continued

Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The director has assessed the availability of support from TigerGraph Limited's parent company, TigerGraph, Inc. and determined that the Company have sufficient working capital for its need for at least the next 12 months from the date of approval of these financial statements. In view of this, the director considers it appropriate to prepare the financial statements on the going concern basis.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Finance Income and Costs
Finance income and costs are recognised in profit and loss using the effective interest method.

Share based payment
Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each reporting date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.

The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme). Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.

Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received

Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 21 .

TIGERGRAPH LIMITED (REGISTERED NUMBER: 13196397)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 11 FEBRUARY 2021 TO 31 JANUARY 2022


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
VAT 19,027
Prepayments 59
19,086

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Amounts owed to group undertakings 154,760
Corporation tax 46,359
Social security and other taxes 41,189
Other creditors 34,124
Accrued expenses 85,433
361,865

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

The Report of the Auditors was qualified on the following basis:

Basis for disclaimer opinion
We were unable to obtain sufficient and appropriate audit evidence to support the value and occurrence of the commissions expense for the period ended 31 January 2022 totalling £559,483.

As a result of the above we were unable to accurately assess the completeness and accuracy of accrued commissions, amounts due to group undertakings and revenue which is calculated on the basis of the cost plus arrangement with the company's group undertakings.

Guy Armitage-Norton (Senior Statutory Auditor)
for and on behalf of Milsted Langdon LLP

7. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

8. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Tigergraph, Inc. a company incorporated in the United States of America with its registered office at 3 Twin Dolphin Drive, Ste 225 Redwood City, CA 94065 USA.

TIGERGRAPH LIMITED (REGISTERED NUMBER: 13196397)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 11 FEBRUARY 2021 TO 31 JANUARY 2022


9. SHARE-BASED PAYMENT TRANSACTIONS


Disclosure
Options
granted

WAE ($

)
Granted during the period 329,2871.05
Cancelled & forfeited during the period--
Transferred406.0500.25
Outstanding at the beginning of the period--
Outstanding at the end of the period735,3370.61