Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truetruetruetruefalsetruetrue2023-01-01No description of principal activity00false 10510632 2023-01-01 2023-12-31 10510632 2022-01-01 2022-12-31 10510632 2023-12-31 10510632 2022-12-31 10510632 2022-01-01 10510632 1 2023-01-01 2023-12-31 10510632 d:Director1 2023-01-01 2023-12-31 10510632 d:Director1 2023-12-31 10510632 d:Director2 2023-01-01 2023-12-31 10510632 d:Director2 2023-12-31 10510632 d:Director3 2023-01-01 2023-12-31 10510632 d:Director3 2023-12-31 10510632 d:Director4 2023-01-01 2023-12-31 10510632 d:Director4 2023-12-31 10510632 d:Director5 2023-01-01 2023-12-31 10510632 d:Director5 2023-12-31 10510632 d:Director6 2023-01-01 2023-12-31 10510632 d:Director6 2023-12-31 10510632 d:Director7 2023-01-01 2023-12-31 10510632 d:Director7 2023-12-31 10510632 d:Director8 2023-01-01 2023-12-31 10510632 d:Director8 2023-12-31 10510632 d:Director9 2023-01-01 2023-12-31 10510632 d:Director9 2023-12-31 10510632 d:RegisteredOffice 2023-01-01 2023-12-31 10510632 c:CurrentFinancialInstruments 2023-12-31 10510632 c:CurrentFinancialInstruments 2022-12-31 10510632 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 10510632 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 10510632 c:ShareCapital 2023-01-01 2023-12-31 10510632 c:ShareCapital 2023-12-31 10510632 c:ShareCapital 2022-01-01 2022-12-31 10510632 c:ShareCapital 2022-12-31 10510632 c:ShareCapital 2022-01-01 10510632 c:SharePremium 2023-01-01 2023-12-31 10510632 c:SharePremium 2023-12-31 10510632 c:SharePremium 2022-01-01 2022-12-31 10510632 c:SharePremium 2022-12-31 10510632 c:SharePremium 2022-01-01 10510632 c:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 10510632 c:RetainedEarningsAccumulatedLosses 2023-12-31 10510632 c:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 10510632 c:RetainedEarningsAccumulatedLosses 2022-12-31 10510632 c:RetainedEarningsAccumulatedLosses 2022-01-01 10510632 d:FRS101 2023-01-01 2023-12-31 10510632 d:Audited 2023-01-01 2023-12-31 10510632 d:FullAccounts 2023-01-01 2023-12-31 10510632 d:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10510632 6 2023-01-01 2023-12-31 10510632 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 10510632










INSIGHT ANALYTICS SOLUTIONS HOLDINGS LIMITED










DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
INSIGHT ANALYTICS SOLUTIONS HOLDINGS LIMITED
 

COMPANY INFORMATION


Directors
B E Hall (resigned 7 September 2023)
K R Ireland (resigned 6 September 2023)
A R Warwick (resigned 6 September 2023)
M J Leonard (resigned 6 September 2023)
A H Haywood (appointed 2 September 2023, resigned 11 March 2024)
S E Skerry (appointed 2 September 2023, resigned 11 March 2024)
J B Bailey (appointed 11 March 2024)
D G Roseman (appointed 11 March 2024)
J B Spirtos (appointed 11 March 2024)




Registered number
10510632



Registered office
27 Old Gloucester Street

WC1N 3AX





 
INSIGHT ANALYTICS SOLUTIONS HOLDINGS LIMITED
 

CONTENTS



Page
Directors' Report
1 - 2
Independent Auditors' Report
3 - 6
Profit and Loss Account
7
Balance Sheet
8
Statement of Changes in Equity
9 - 10
Notes to the Financial Statements
11 - 14


 
INSIGHT ANALYTICS SOLUTIONS HOLDINGS LIMITED
 

 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Directors' responsibilities statement

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 101 ‘Reduced Disclosure Framework’. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The loss for the year, after taxation, amounted to £281 thousand (2022 - loss £47 thousand).

No dividend was recommended (2022: £Nil). 

Directors

The directors who served during the year were:

B E Hall (resigned 7 September 2023)
K R Ireland (resigned 6 September 2023)
A R Warwick (resigned 6 September 2023)
M J Leonard (resigned 6 September 2023)
A H Haywood (appointed 2 September 2023, resigned 11 March 2024)
S E Skerry (appointed 2 September 2023, resigned 11 March 2024)

Qualifying third party indemnity provisions

The Company indemnifies the directors in its Articles of Association to the extend allowed under section 232 of the Companies Act 2006. Such qualifying third party indemnity provisions for the benefit of the Company's directors remain in force at the date of this report. 

Page 1

 
INSIGHT ANALYTICS SOLUTIONS HOLDINGS LIMITED
 

 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Post balance sheet events

Subsequent to the year end, on 11 March 2024, Ventus Sensing Limited acquired 100% of the share capital of Insight Analytics Solutions Holdings Limited. 

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





................................................
J B Bailey
Director
Date: 22 February 2025

Page 2

 
INSIGHT ANALYTICS SOLUTIONS HOLDINGS LIMITED
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF INSIGHT ANALYTICS SOLUTIONS HOLDINGS LIMITED
 

Opinion


We have audited the financial statements of Insight Analytics Solutions Holdings Limited (the 'Company') for the year ended 31 December 2023, which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 101 ‘Reduced Disclosure Framework’ (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 31 December 2023 and of its loss for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Page 3

 
INSIGHT ANALYTICS SOLUTIONS HOLDINGS LIMITED
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF INSIGHT ANALYTICS SOLUTIONS HOLDINGS LIMITED (CONTINUED)


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Directors' Report has been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or



Responsibilities of directors
 

As explained more fully in the Directors' Responsibilities Statement set out on page 1, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 4

 
INSIGHT ANALYTICS SOLUTIONS HOLDINGS LIMITED
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF INSIGHT ANALYTICS SOLUTIONS HOLDINGS LIMITED (CONTINUED)


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the Company and industry, we identify the key laws and regulations affecting the Company. We identified that the principal risk of fraud or non-compliance with laws and regulations related to:
 
management bias in respect of accounting estimates and judgements made;
management override of control;
posting of unusual journals or transactions.

We focussed on those areas that could give rise to a material misstatement in the Company financial statements. Our procedures included, but were not limited to:

enquiry of management and those charged with governance around actual and potential litigation and claims, including instances of non-compliance with laws and regulations and fraud;
reviewing minutes of meetings of those charged with governance where available;
reviewing legal expenditure in the year to identify instances of non-compliance with laws and regulations and fraud;
reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.
 
It is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.
 
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.


Page 5

 
INSIGHT ANALYTICS SOLUTIONS HOLDINGS LIMITED
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF INSIGHT ANALYTICS SOLUTIONS HOLDINGS LIMITED (CONTINUED)


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





James Bagley (Senior Statutory Auditor)
for and on behalf of
PKF Smith Cooper Audit Limited
Statutory Auditors
2 Lace Market Square
Nottingham
NG1 1PB

24 February 2025
Page 6

 
INSIGHT ANALYTICS SOLUTIONS HOLDINGS LIMITED
 

PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023

2023
2022
£000
£000

  

Administrative expenses
  
(1)
-

Operating (loss)/profit
  
(1)
-

Interest payable and similar expenses
  
(280)
(47)

Loss before tax
  
(281)
(47)

Loss for the financial year
  
(281)
(47)

There are no items of other comprehensive income for 2023 or 2022 other than the loss for the yearAs a result, no separate Statement of Comprehensive Income has been presented.

The notes on pages 11 to 14 form part of these financial statements.

Page 7

 
INSIGHT ANALYTICS SOLUTIONS HOLDINGS LIMITED
REGISTERED NUMBER: 10510632

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£000
£000

Fixed assets
  

Investments
 6 
26,111
19,623

  

Creditors: amounts falling due within one year
 7 
(8,916)
(11,397)

  

Net assets
  
17,195
8,226


Capital and reserves
  

Called up share capital 
  
14,221
4,971

Share premium account
  
2,826
2,826

Profit and loss account
  
148
429

  
17,195
8,226


The Company's financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J B Bailey
Director

Date: 22 February 2025

The notes on pages 11 to 14 form part of these financial statements.

Page 8

 
INSIGHT ANALYTICS SOLUTIONS HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£000
£000
£000
£000

At 1 January 2023
4,971
2,826
429
8,226


Comprehensive income for the year

Loss for the year
-
-
(281)
(281)
Total comprehensive income for the year
-
-
(281)
(281)


Contributions by and distributions to owners

Shares issued during the year
9,250
-
-
9,250


Total transactions with owners
9,250
-
-
9,250


At 31 December 2023
14,221
2,826
148
17,195


The notes on pages 11 to 14 form part of these financial statements.

Page 9

 
INSIGHT ANALYTICS SOLUTIONS HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022


Called up share capital
Share premium account
Profit and loss account
Total equity

£000
£000
£000
£000

At 1 January 2022
4,971
2,826
476
8,273


Comprehensive income for the year

Loss for the year
-
-
(47)
(47)
Total comprehensive income for the year
-
-
(47)
(47)


At 31 December 2022
4,971
2,826
429
8,226


The notes on pages 11 to 14 form part of these financial statements.

Page 10

 
INSIGHT ANALYTICS SOLUTIONS HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Insight Analytics Solutions Holdings Limited is a private company limited by shares and incorporated in England and Wales. The registered company number is 10510632 and the registered office is 27 Old Gloucester Street, London, United Kingdom, WC1N 3AX. The principal activity is that of a holding company. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 101 'Reduced Disclosure Framework'  and the Companies Act 2006.

The financial statements are presented in Sterling which is the functional currency of the Company and have been rounded to the nearest £1,000. 

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 101 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions under FRS 101:
the requirement in paragraph 38 of IAS 1 'Presentation of Financial Statements' to present comparative information in respect of:
 - paragraph 79(a)(iv) of IAS 1;
the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134-136 of IAS 1 Presentation of Financial Statements
the requirements of IAS 7 Statement of Cash Flows
the requirements of paragraph 17 and 18A of IAS 24 Related Party Disclosures
the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member
the requirements of paragraphs 130(f)(ii), 130(f)(iii), 134(d)-134(f) and 135(c)-135(e) of IAS 36 Impairment of Assets.

This information is included in the consolidated financial statements of BP p.l.c as at 31 December 2023 and these financial statements may be obtained from 1 St James's Square, London, SW1Y 4PD.

 
2.3

Exemption from preparing consolidated financial statements

The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.

 
2.4

Going concern

These financial statements have been prepared on a going concern basis, which assumes that the Company will continue to trade. The validity of this assumption is dependent on the continued  support of Macquarie Asset Holdings Limited. Macquarie Asset Holdings Limited have confirmed that they will continue to support the Company for at least 12 months from the date of signing of the audit report in these financial statements.

Page 11

 
INSIGHT ANALYTICS SOLUTIONS HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Creditors

Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Creditors are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Sources of estimation uncertainty 
The preparation of the financial statements requires the Company to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. These estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or of the period of the revision and future periods if the revision affects both current and future periods.
Critical accounting estimates and judgements
The preparation of financial statements in conformity with IFRSs requires the use of certain critical accounting estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of turnover and expenses during the reporting period.
Estimates and judgements are continually made and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable in the circumstances. As the use of estimates is inherent in financial reporting, actual results could differ from these estimates.
 
Investment in the subsidiary

The carrying value in the investment in the subsidiary is assessed at each reporting date to determine whether there is any indication that the investment is impaired. Where there is an indication that the investment may be impaired, the carrying value of the investment is tested for impairment. This requires judgements to be made in the assessment of the carrying value of the subsidiary.


4.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

Page 12

 
INSIGHT ANALYTICS SOLUTIONS HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Interest payable and similar expenses

2023
2022
£000
£000


Other loan interest payable
280
47

280
47


6.


Fixed asset investments





Investments in subsidiary companies

£000



Cost or valuation


At 1 January 2023
19,623


Additions
6,488



At 31 December 2023
26,111





7.


Creditors: Amounts falling due within one year

2023
2022
£000
£000

Amounts owed to group undertakings
8,916
11,315

Accruals and deferred income
-
82

8,916
11,397



8.


Share capital

2023
2022
£000
£000
Allotted, called up and fully paid



14,221,000 Ordinary share of £1.00 each 
(2022 - 4,971,103,900 Ordinary shares of £0.001 each)
14,221
4,971


On 10 March 2023, the Company approved for its 4,971,103,900 ordinary shares of £0.001 each to be consolidated into 4,971,103 ordinary shares of £1 each. Total called up share capital and total nominal value remained unchanged at £4,971,104 after share consolidation.
On 10 March 2023, 9,250,000 ordinary shares of £1 each were allotted to the immediate parent company, BP Scale Up Factory Limited, at par value.

Page 13

 
INSIGHT ANALYTICS SOLUTIONS HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Related party transactions

The Company has taken advantage of the exemption contained within paragraphs 8(k) and (j) of FRS 101 and has not disclosed transactions entered into with wholly-owned group companies or key management personnel. There were no other related party transactions in the year. 


10.


Post balance sheet events

Subsequent to the year end, on 11 March 2024, Ventus Sensing Limited acquired 100% of the share capital of Insight Analytics Solutions Holdings Limited. 


11.


Controlling party

At 31 December 2023, the parent company is BP Scale Up Factory Limited, a company registered in England and Wales. The ultimate controlling parent undertaking is BP p.l.c, a company registered in England and Wales, which is the smallest and largest group to consolidate these financial statements.
The results of this company are consolidated within the Group Accounts headed by BP p.l.c. Their registered office is at 1 St James's Square, London, SW1Y 4PD.


Page 14