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REGISTERED NUMBER: 02026765 (England and Wales)


























FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2023

FOR

GENSCAPE UK LIMITED

GENSCAPE UK LIMITED (REGISTERED NUMBER: 02026765)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


GENSCAPE UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2023







DIRECTORS: Mr S P Crowe
Mr J C Liu





SECRETARY: Mr A D Ramage





REGISTERED OFFICE: Level 4, Dashwood House
69 Old Broad Street
London
EC2M 1QS





REGISTERED NUMBER: 02026765 (England and Wales)





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

GENSCAPE UK LIMITED (REGISTERED NUMBER: 02026765)

STATEMENT OF FINANCIAL POSITION
30TH SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - 426

CURRENT ASSETS
Debtors 6 888,818 770,261
Cash at bank 37,891 52,253
926,709 822,514
CREDITORS
Amounts falling due within one year 7 217,393 207,986
NET CURRENT ASSETS 709,316 614,528
TOTAL ASSETS LESS CURRENT
LIABILITIES

709,316

614,954

PROVISIONS FOR LIABILITIES - 81
NET ASSETS 709,316 614,873

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 709,216 614,773
SHAREHOLDERS' FUNDS 709,316 614,873

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 3rd December 2024 and were signed on its behalf by:





Mr S P Crowe - Director


GENSCAPE UK LIMITED (REGISTERED NUMBER: 02026765)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


1. STATUTORY INFORMATION

Genscape 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. 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.

Turnover
The company has in place an intercompany charging agreement with its parent company Genscape International Inc, 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

GENSCAPE UK LIMITED (REGISTERED NUMBER: 02026765)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st October 2022 1,917
Disposals (1,917 )
At 30th September 2023 -
DEPRECIATION
At 1st October 2022 1,491
Charge for year 160
Eliminated on disposal (1,651 )
At 30th September 2023 -
NET BOOK VALUE
At 30th September 2023 -
At 30th September 2022 426

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 877,830 709,399
Other debtors 10,988 60,862
888,818 770,261

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 200,798 173,643
Other creditors 16,595 34,343
217,393 207,986

8. CALLED UP SHARE CAPITAL

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

9. 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

GENSCAPE UK LIMITED (REGISTERED NUMBER: 02026765)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


10. 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.

11. PARENT / SUBSIDIARY RELATIONS

During the year on 1 February 2023, the entire share capital of Genscape UK Limited was acquired by Veritas Capital. The sale included the entire Wood Mackenzie group to Veritas Capital which includes Genscape UK Limited, there was no financial effect of the sale on Genscape UK Limited.

At 30 September 2023, Veritas Capital, a global US based private equity fund and is headquartered in New York City, New York, United States, was the controlling party. As a result of the completion of the aforementioned acquisition on 1st February 2023, the ultimate parent company is now Planet TopCo LP, a holding company registered in Delaware in the United States of America.

The largest group which includes the company and for which group financial statements are prepared, was headed by Planet Holdco 2 Limited, whose principal place of business is 2nd Floor, Sir Walter Raleigh House, 48-50 Esplanade. St. Helier, Jersey, JE2 3QB.

Genscape International Inc. (incorporated in USA) is the parent company of Genscape UK Ltd with its registered office located at 1140 Garvin Place, Louisville, Kentucky, 40203, USA. The results of Genscape UK Ltd are consolidated into group accounts that are headed by Planet Holdco 2 Limited.