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REGISTERED NUMBER: 04253962 (England and Wales)


























AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

EXOSTAR UK LTD

EXOSTAR UK LTD (REGISTERED NUMBER: 04253962)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EXOSTAR UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mr R J Addi
Mr E R Simpson





SECRETARY: Reed Smith Corporate Services Limited





REGISTERED OFFICE: The Broadgate Tower Third Floor
20 Primrose Street
London
EC2A 2RS





REGISTERED NUMBER: 04253962 (England and Wales)





AUDITORS: Langdowns DFK Limited
Statutory Auditor
Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD

EXOSTAR UK LTD (REGISTERED NUMBER: 04253962)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - -
Investments 6 881,205 881,205
881,205 881,205

CURRENT ASSETS
Debtors 7 2,186 41,861
Cash at bank 92,731 42,381
94,917 84,242
CREDITORS
Amounts falling due within one year 8 759,329 757,213
NET CURRENT LIABILITIES (664,412 ) (672,971 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,793

208,234

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 216,693 208,134
SHAREHOLDERS' FUNDS 216,793 208,234

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 25th September 2024 and were signed on its behalf by:





Mr E R Simpson - Director


EXOSTAR UK LTD (REGISTERED NUMBER: 04253962)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Exostar 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 presentation currency of the financial statements is the Pound Sterling (£).


The company has no fixed place of business.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

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

Preparation of consolidated financial statements
The financial statements contain information about Exostar UK Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
The company has in place an intercompany charging agreement with its parent company Exostar LLC, under which it recognises income receivable on a cost plus basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% straight line

All fixed assets are initially recorded at cost.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year 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 year 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.

EXOSTAR UK LTD (REGISTERED NUMBER: 04253962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company contributes to 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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st January 2023
and 31st December 2023 8,976
DEPRECIATION
At 1st January 2023
and 31st December 2023 8,976
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 -

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2023
and 31st December 2023 881,205
NET BOOK VALUE
At 31st December 2023 881,205
At 31st December 2022 881,205

EXOSTAR UK LTD (REGISTERED NUMBER: 04253962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


6. FIXED ASSET INVESTMENTS - continued

Subsidiary undertakings

The following were direct subsidiary undertakings of Exostar UK Ltd at the year end:
Name Class of shares Holding
Pirean (Holdings) Limited "A" & "B" Ordinary 100%

The following were subsidiary undertakings of Pirean (Holdings) Limited at the year end:
Name Class of shares Holding
Pirean Limited "A" & "B" Ordinary 100%
Pirean Software Limited Ordinary 100%
Pirean Pty Limited Ordinary 100%

The registered office address for Pirean (Holdings) Limited is Broadgate Tower, Third Floor, 20 Primrose Street, London, EC2A 2RS.

The registered office address for Pirean Limited is Broadgate Tower, Third Floor, 20 Primrose Street, London, EC2A 2RS.

The registered office address for Pirean Software Limited is Broadgate Tower, Third Floor, 20 Primrose Street, London, EC2A 2RS.

The registered office address for Pirean Pty Limited is 77 Castlereagh Street, Sydney, NSW 2000, Australia.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,186 41,861

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,012 6,075
Amounts owed to group undertakings 733,484 724,219
Taxation and social security 5,229 5,143
Other creditors 17,604 21,776
759,329 757,213

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

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

The Report of the Auditors was unqualified.

Neil Raynsford (Senior Statutory Auditor)
for and on behalf of Langdowns DFK Limited

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.

EXOSTAR UK LTD (REGISTERED NUMBER: 04253962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


12. PARENT / SUBSIDIARY RELATIONS

Echo Topco, LLC (incorporated in the United States of America) prepares group accounts consolidating its subsidiaries, including Exostar UK Limited. Its registered office is located at 251 Little Falls Drive, Wilmington, New Castle County, Delaware 19808, United States of America.