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REGISTERED NUMBER: 14347709 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD 9 SEPTEMBER 2022 TO 30 SEPTEMBER 2023

FOR

PROCESSUNITY UK LIMITED

PROCESSUNITY UK LIMITED (REGISTERED NUMBER: 14347709)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 9 SEPTEMBER 2022 TO 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PROCESSUNITY UK LIMITED

COMPANY INFORMATION
FOR THE PERIOD 9 SEPTEMBER 2022 TO 30 SEPTEMBER 2023







DIRECTORS: S Cronin
P Deeley





REGISTERED OFFICE: 25 Farringdon Street
London
United Kingdom
EC4A 4AB





REGISTERED NUMBER: 14347709 (England and Wales)





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

PROCESSUNITY UK LIMITED (REGISTERED NUMBER: 14347709)

BALANCE SHEET
30 SEPTEMBER 2023

Notes £
CURRENT ASSETS
Debtors 4 151,894
Cash at bank 1,634
153,528
CREDITORS
Amounts falling due within one year 5 (110,044 )
NET CURRENT ASSETS 43,484
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,484

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings 43,483
43,484

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 19 November 2024 and were signed on its behalf by:





S Cronin - Director


PROCESSUNITY UK LIMITED (REGISTERED NUMBER: 14347709)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 9 SEPTEMBER 2022 TO 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

ProcessUnity UK 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.

Going concern
These financial statements have been drawn up on the going concern basis. The company is dependent upon the support of its parent company, and only customer, in order to meet its working capital requirements. The parent company has provided assurances that this support will continue for a period that exceeds twelve months from the date of approval of these financial statements. No adjustment has been made to these financial statements that would arise as a result of the withdrawal of that support.

Turnover
Turnover is measured at 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 ProcessUnity Inc. to deliver sales and marketing services under an intercompany agreement. The Company is remunerated by its parent for these services.

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.


PROCESSUNITY UK LIMITED (REGISTERED NUMBER: 14347709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 9 SEPTEMBER 2022 TO 30 SEPTEMBER 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.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Amounts owed by group undertakings 151,157
VAT 737
151,894

PROCESSUNITY UK LIMITED (REGISTERED NUMBER: 14347709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 9 SEPTEMBER 2022 TO 30 SEPTEMBER 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Trade creditors 495
Corporation tax 13,080
Pension creditor 3,333
Accrued expenses 93,136
110,044

6. 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

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 ultimate controlling party is Marlin Equity V, L.P.. The company is a wholly owned subsidiary of ProcessUnity, 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 ProcessUnity, Inc., with its registered office at 33 Bradford St, Concord, MA 01742.