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REGISTERED NUMBER: 14493684 (England and Wales)










FINANCIAL STATEMENTS

FOR THE PERIOD

18 NOVEMBER 2022 TO 31 DECEMBER 2023

FOR

SPECTRUM EQUITY MANAGEMENT UK, LTD

SPECTRUM EQUITY MANAGEMENT UK, LTD (REGISTERED NUMBER: 14493684)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 18 NOVEMBER 2022 TO 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SPECTRUM EQUITY MANAGEMENT UK, LTD

COMPANY INFORMATION
FOR THE PERIOD 18 NOVEMBER 2022 TO 31 DECEMBER 2023







Directors: Mr S Lesieur
Mr C Mitchell
Mr V Parker Jr
Mr B Spero



Secretary: Vistra Cosec Limited



Registered office: Suite 1, 7th Floor
50 Broadway
London
SW1H 0DB



Registered number: 14493684 (England and Wales)



Senior statutory auditor: Simon Roper



Auditors: Fuller & Roper Limited
Chartered Accountants and Statutory Auditors
12 Old Mills Industrial Estate
Paulton
BS39 7SU

SPECTRUM EQUITY MANAGEMENT UK, LTD (REGISTERED NUMBER: 14493684)

BALANCE SHEET
31 DECEMBER 2023

Notes £   
FIXED ASSETS
Investments 4 310,398

CURRENT ASSETS
Debtors 5 134,318

CREDITORS
Amounts falling due within one year 6 (422,814 )
NET CURRENT LIABILITIES (288,496 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,902

CAPITAL AND RESERVES
Called up share capital 7 1
Retained earnings 21,901
SHAREHOLDERS' FUNDS 21,902

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 21 November 2024 and were signed on its behalf by:





Mr C Mitchell - Director


SPECTRUM EQUITY MANAGEMENT UK, LTD (REGISTERED NUMBER: 14493684)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 18 NOVEMBER 2022 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

Spectrum Equity Management 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 company's functional and presentational currency is pounds sterling (GBP) and the financial statements are rounded to the nearest pound (£).

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.

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.

Investments in subsidiaries
Investments in subsidiaries are measured at cost less accumulated impairment.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

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.

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.

SPECTRUM EQUITY MANAGEMENT UK, LTD (REGISTERED NUMBER: 14493684)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 18 NOVEMBER 2022 TO 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Going concern
The accompanying financial statements have been prepared in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', under the assumption that the Company will continue as a going concern. This assumption reflects management's belief that the Company will be able to continue its operations and meet its obligations as they come due for at least the next twelve months.

The Company is part of a larger corporate group, which has consistently provided strategic guidance and operational management. This close integration within the group has allowed the Company to maintain its business activities and address its financial needs effectively.

Management's confidence in the Company's ability to continue as a going concern is also supported by its historical performance and ongoing operational strategies. These efforts are expected to strengthen the Company's liquidity and financial stability in the near term.

Based on these considerations, management has concluded that there are no substantial doubts regarding the Company's ability to continue as a going concern for the foreseeable future. Accordingly, the consolidated financial statements do not include any adjustments that might be necessary if the Company were unable to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
Cost
Additions 310,398
At 31 December 2023 310,398
Net book value
At 31 December 2023 310,398

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 134,318

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to group undertakings 320,451
Taxation and social security 93,183
Other creditors 9,180
422,814

7. CALLED UP SHARE CAPITAL

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

SPECTRUM EQUITY MANAGEMENT UK, LTD (REGISTERED NUMBER: 14493684)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 18 NOVEMBER 2022 TO 31 DECEMBER 2023

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

The Report of the Auditors was unqualified.

Simon Roper (Senior Statutory Auditor)
for and on behalf of Fuller & Roper Limited

9. ULTIMATE CONTROLLING PARENT

The company is a wholly owned subsidiary of Spectrum Equity Management, LP a limited partnership formed under the laws of Delaware, USA. The ultimate parent company is considered to be Spectrum Management GP LLC, a company formed under the laws of Delaware, USA.