IRIS Accounts Production v24.2.0.383 14616908 Board of Directors 25.1.23 31.12.23 31.12.23 4.9.24 false true false false true false Auditors Opinion Ordinary 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh146169082023-01-24146169082023-12-31146169082023-01-252023-12-31146169082023-01-2414616908ns15:EnglandWales2023-01-252023-12-3114616908ns14:PoundSterling2023-01-252023-12-3114616908ns10:Director12023-01-252023-12-3114616908ns10:PrivateLimitedCompanyLtd2023-01-252023-12-3114616908ns10:SmallEntities2023-01-252023-12-3114616908ns10:Audited2023-01-252023-12-3114616908ns10:SmallCompaniesRegimeForDirectorsReport2023-01-252023-12-3114616908ns10:SmallCompaniesRegimeForAccounts2023-01-252023-12-3114616908ns10:FullAccounts2023-01-252023-12-3114616908ns10:OrdinaryShareClass12023-01-252023-12-3114616908ns10:OrdinaryShareClass112023-01-252023-12-3114616908ns10:Director22023-01-252023-12-3114616908ns10:Director32023-01-252023-12-3114616908ns10:CompanySecretary12023-01-252023-12-3114616908ns10:RegisteredOffice2023-01-252023-12-3114616908ns5:CurrentFinancialInstruments2023-12-3114616908ns5:ShareCapital2023-12-3114616908ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-3114616908ns5:RetainedEarningsAccumulatedLosses2023-12-3114616908ns5:PlantMachinery2023-01-252023-12-3114616908ns5:PlantMachinery2023-12-3114616908ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3114616908ns5:WithinOneYear2023-12-3114616908ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 14616908 (England and Wales)













FINANCIAL STATEMENTS

FOR THE PERIOD

25 JANUARY 2023 TO 31 DECEMBER 2023

FOR

ONESIGNAL UK, LTD

ONESIGNAL UK, LTD (REGISTERED NUMBER: 14616908)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 25 January 2023 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ONESIGNAL UK, LTD

COMPANY INFORMATION
for the Period 25 January 2023 to 31 December 2023







DIRECTORS: G Deglin
L D Munroe
L Vo





SECRETARY: Taylor Wessing Secretaries Limited





REGISTERED OFFICE: 5 New Street Square
London
EC4A 3TW





REGISTERED NUMBER: 14616908 (England and Wales)





AUDITORS: Oury Clark Chartered Accountants
Statutory Auditors
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

ONESIGNAL UK, LTD (REGISTERED NUMBER: 14616908)

BALANCE SHEET
31 December 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 6,024

CURRENT ASSETS
Debtors 5 267,705
Cash at bank 49,708
317,413
CREDITORS
Amounts falling due within one year 6 193,231
NET CURRENT ASSETS 124,182
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,206

CAPITAL AND RESERVES
Called up share capital 8 1,000
Capital contribution reserve 9 146,054
Retained earnings 9 (16,848 )
SHAREHOLDERS' FUNDS 130,206

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 29 August 2024 and were signed on its behalf by:





L Vo - Director


ONESIGNAL UK, LTD (REGISTERED NUMBER: 14616908)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 25 January 2023 to 31 December 2023

1. STATUTORY INFORMATION

OneSignal UK, 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 trading address is 9 Noel Street, Soho, London, W1F 8GQ.

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.

The company has obtained a letter of support from the immediate parent company, OneSignal Inc. The directors of the parent company have provided a commitment to provide any financial support which may be necessary in order for the company to meet liabilities, as they fall due, for a period of at least 12 months and 1 day from the signing of the audit report. As a result of this commitment the directors have continued to adopt the going concern basis in preparing these financial statements.

Related party exemption
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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is calculated on a cost plus basis, and is recharged to the parent company. Turnover is recognised in the same period that the recharged costs are recognised.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment -33% on cost

Financial instruments
Basic financial instruments, as covered by Section 11 of FRS 102, are measured at amortised cost. The company does not have any other financial instruments, as covered by Section 12 of FRS 102.

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.


ONESIGNAL UK, LTD (REGISTERED NUMBER: 14616908)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 25 January 2023 to 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Share-based payments
Equity-settled transactions are awards of shares, or options over shares, that are provided to employees in exchange for the rendering of services.

The cost of equity-settled transactions is measured at fair value on grant date. Fair value is independently determined using the Black-Scholes option pricing model that takes into account the exercise price, the term of the option, the impact of dilution, the share price at grant date and expected price volatility of the underlying share, the expected dividend yield and the risk free interest rate for the term of the option, together with non-vesting conditions that do not determine whether the Company receives the services that entitle the employees to receive payment. No account is taken of any other vesting conditions.

The cost of equity-settled transactions is recognised as an expense with a corresponding increase in equity over the vesting period. The cumulative charge to profit or loss is calculated based on the grant date fair value of the award, the best estimate of the number of awards that are likely to vest and the expired portion of the vesting period. The amount recognised in profit or loss for the period is the cumulative amount calculated at each reporting date less amounts already recognised in previous periods.When the awards are exercised, the cumulative charge shown in the capital contribution reserve is transferred to retained earnings

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 13 .

ONESIGNAL UK, LTD (REGISTERED NUMBER: 14616908)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 25 January 2023 to 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 6,196
At 31 December 2023 6,196
DEPRECIATION
Charge for period 172
At 31 December 2023 172
NET BOOK VALUE
At 31 December 2023 6,024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed by group undertakings 201,349
Other debtors 66,356
267,705

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 19,665
Taxation and social security 39,272
Other creditors & accruals 134,294
193,231

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£   
Within one year 161,770

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1,000 Ordinary £1 1,000

1,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

ONESIGNAL UK, LTD (REGISTERED NUMBER: 14616908)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 25 January 2023 to 31 December 2023

9. RESERVES
Capital
Retained contribution
earnings reserve Totals
£    £    £   

Deficit for the period (24,434 ) (24,434 )
Share-based payments - 153,640 153,640
Vested options forfeited 1,198 (1,198 ) -
Vested options exercised 6,388 (6,388 ) -
At 31 December 2023 (16,848 ) 146,054 129,206

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

The Report of the Auditors was unqualified.

Emma Crowley (Senior Statutory Auditor)
for and on behalf of Oury Clark Chartered Accountants

We would like to draw your attention to the following statement contained within our audit report as included within the full financial statements:-

"Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed."

11. ULTIMATE PARENT & CONTROLLING PARTY

At the balance sheet date the immediate and ultimate parent company is OneSignal, Inc., registered office 201 S. B Street, San Mateo, CA 94401, which is a company incorporated in the United States of America. Financial statements are not publicly available. The directors believe there is no ultimate controlling party.

12. SHARE-BASED PAYMENT TRANSACTIONS

The Company has issued equity settled share options to its employees. The equity offered is that of the parent company, OneSignal Inc. These options all vest over a period of 4 years and expire after 10 years from the vesting commencement date.

The following table summarises the equity settled share options with employees in the period:


Item

Number
Weighted average
exercise price ($

)
Outstanding at the beginning of the period--
Granted during the year961,0800.22
Forfeited/cancelled during the period(33,333)0.22
Exercised during the period(16,667)0.22
Expired during the period--
Outstanding at the end of the period911,0800.22

Exercisable at the end of the period26,5920.22

The charge recognised in the year was £153,640.