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REGISTERED NUMBER: 15286209 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 15 NOVEMBER 2023 TO 31 JANUARY 2024

FOR

VERCEL UK LTD

VERCEL UK LTD (REGISTERED NUMBER: 15286209)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 15 NOVEMBER 2023 TO 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

VERCEL UK LTD

COMPANY INFORMATION
FOR THE PERIOD 15 NOVEMBER 2023 TO 31 JANUARY 2024







DIRECTORS: M Abrahamsen
G F Rauch





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





REGISTERED NUMBER: 15286209 (England and Wales)

VERCEL UK LTD (REGISTERED NUMBER: 15286209)

BALANCE SHEET
31 JANUARY 2024

Notes £
CURRENT ASSETS
Debtors 4 100
TOTAL ASSETS LESS CURRENT
LIABILITIES

100

CAPITAL AND RESERVES
Called up share capital 5 100
SHAREHOLDERS' FUNDS 100

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the period ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 22 October 2024 and were signed on its behalf by:





M Abrahamsen - Director


VERCEL UK LTD (REGISTERED NUMBER: 15286209)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 15 NOVEMBER 2023 TO 31 JANUARY 2024


1. STATUTORY INFORMATION

Vercel 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 (£).


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.

Going concern
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company has continued financial support as needed from the parent company to provide working capital to meet liabilities when they fall due. The directors have sought and received assurances from the parent company that financial support will be forthcoming for the next 12 months. Having regard to the above, and in assessing the going concern, the directors have confirmed that continued financial support will be provided for the foreseeable future. On that basis, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Debtors
Short term debtors are measured at transaction price, less an impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Amounts owed by group undertakings 100

5. CALLED UP SHARE CAPITAL

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

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

VERCEL UK LTD (REGISTERED NUMBER: 15286209)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 15 NOVEMBER 2023 TO 31 JANUARY 2024


6. 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.

7. ULTIMATE CONTROLLING PARTY

The company is a wholly-owned subsidiary of Vercel, Inc., a company incorporated in the United States of America.

The smallest group in which the results of the company are consolidated is that headed by Vercel, Inc., with its registered office at 440 N Barranca Ave #4133, Covina, CA, United States, 91723.