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REGISTERED NUMBER: 13279632 (England and Wales)















AUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2022 TO 31 DECEMBER 2023

FOR

GRAPHIANT EMEA LIMITED

GRAPHIANT EMEA LIMITED (REGISTERED NUMBER: 13279632)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GRAPHIANT EMEA LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 OCTOBER 2022 TO 31 DECEMBER 2023







DIRECTORS: Syed Khalid Raza
Ali Farouk Shaikh





REGISTERED OFFICE: 4th floor St James House
St James Square
Cheltenham
GL50 3PR





REGISTERED NUMBER: 13279632 (England and Wales)





AUDITORS: Mark Arber Limited
71-75 Shelton Street
Covent Garden
London
London
WC2H 9JQ

GRAPHIANT EMEA LIMITED (REGISTERED NUMBER: 13279632)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 162,628 322,703

CURRENT ASSETS
Debtors: amounts falling due within
one year

5

1,040,855

553,340
Cash at bank and in hand 200,883 55,637
1,241,738 608,977
CREDITORS
Amounts falling due within one year 6 (68,656 ) (167,664 )
NET CURRENT ASSETS 1,173,082 441,313
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,335,710

764,016

PROVISIONS FOR LIABILITIES (30,498 ) (67,880 )
NET ASSETS 1,305,212 696,136

CAPITAL AND RESERVES
Called up share capital 100 100
Share based compensation reser ve 93,450 76,785
Retained earnings 1,211,662 619,251
SHAREHOLDERS' FUNDS 1,305,212 696,136

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 3 October 2024 and were signed on its behalf by:





Syed Khalid Raza - Director


GRAPHIANT EMEA LIMITED (REGISTERED NUMBER: 13279632)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 31 DECEMBER 2023


1. STATUTORY INFORMATION

Graphiant EMEA 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.

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

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

Tangible fixed assets
Expenditures are capitalized when the asset has an expected life of at least 12 months, and the cost is $2,500 or more. Depreciable lives are:

36 months for Desktop Computer Equipment; & Other Computer Equipment
24 months, or the term of the license agreement, for Software
36 months for Furniture & Fixtures

The actual number of months remaining on the lease for Leasehold Improvements Depreciation begins in the month following purchase.

Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.


GRAPHIANT EMEA LIMITED (REGISTERED NUMBER: 13279632)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 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.

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.

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.

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.

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.

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.

Going concern
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of at least twelve months from the date of signing this report. The Company relies on the continued support from its parent company Graphiant Inc. which has confirmed that it will continue to provide this for the foreseeable future. On that basis, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

GRAPHIANT EMEA LIMITED (REGISTERED NUMBER: 13279632)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Interest income
Interest income is recognised in profit or loss using the effective interest method.

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Share based payments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 16 (2022 - 19 ) .

GRAPHIANT EMEA LIMITED (REGISTERED NUMBER: 13279632)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and Office
machinery equipment Totals
£ £ £
COST
At 1 October 2022 326,691 159,361 486,052
Additions 50,563 871 51,434
Disposals (6,586 ) (8,196 ) (14,782 )
At 31 December 2023 370,668 152,036 522,704
DEPRECIATION
At 1 October 2022 110,073 53,276 163,349
Charge for period 138,334 65,758 204,092
Eliminated on disposal (2,744 ) (4,621 ) (7,365 )
At 31 December 2023 245,663 114,413 360,076
NET BOOK VALUE
At 31 December 2023 125,005 37,623 162,628
At 30 September 2022 216,618 106,085 322,703

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed by group undertakings 796,514 218,461
Tax 237,604 314,613
VAT 6,737 10,520
Prepayments - 9,746
1,040,855 553,340

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 5,676 18,537
Accrued expenses 62,980 149,127
68,656 167,664

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

The Report of the Auditors was unqualified.

Mark Arber (Senior Statutory Auditor)
for and on behalf of Mark Arber Limited

GRAPHIANT EMEA LIMITED (REGISTERED NUMBER: 13279632)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 DECEMBER 2023


8. PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £108,732 (2022: 88,049). Contributions totalling £17,672 (2022: 21,853) were payable to the fund at the balance sheet date and are included in creditors.

9. 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.

10. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Graphiant, Inc., a company incorporated in the United States of America. The group in which the results of the company are consolidated is that headed by Graphiant, Inc., with its registered office at 1940 Zanker Road, Suite 50, San Jose, CA 95112,, United States of America.

11. SHARE-BASED PAYMENT TRANSACTIONS

The company has taken the exemption provided in FRS 102 Section 1.12D not to disclose details of share-based payment arrangements concerning equity instruments of another group.