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REGISTERED NUMBER: 11630854 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

INFLUXDATA OPERATIONS UK LTD

INFLUXDATA OPERATIONS UK LTD (REGISTERED NUMBER: 11630854)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


INFLUXDATA OPERATIONS UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







Directors: W Y Cheng
E L Kaplan





Registered office: Suite 2 First Floor
10 Temple Back
Bristol
United Kingdom
BS1 6FL





Registered number: 11630854 (England and Wales)





Auditors: Zome Audit Limited (Statutory Auditor)
5th Floor
111 Charterhouse Street
London
EC1M 6AW

INFLUXDATA OPERATIONS UK LTD (REGISTERED NUMBER: 11630854)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £
CURRENT ASSETS
Debtors 4 1,224,870 1,043,691
Cash at bank 214,721 177,417
1,439,591 1,221,108
CREDITORS
Amounts falling due within one year 5 (452,208 ) (519,387 )
NET CURRENT ASSETS 987,383 701,721
TOTAL ASSETS LESS CURRENT
LIABILITIES

987,383

701,721

CAPITAL AND RESERVES
Called up share capital 1 1
Other reserves 296,861 190,000
Retained earnings 690,521 511,720
SHAREHOLDERS' FUNDS 987,383 701,721

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 11 March 2025 and were signed on its behalf by:





W Y Cheng - Director


INFLUXDATA OPERATIONS UK LTD (REGISTERED NUMBER: 11630854)

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

1. STATUTORY INFORMATION

InfluxData Operations 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 (£) and the financial statements have been rounded to the nearest £.

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.

Turnover
Turnover represents amounts charged to the Company's parent under a sales and marketing agreement, excluding value added tax. Turnover is recognised when chargeable costs are incurred

Financial instruments
The Company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.

Short-term debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at a transaction price. Any losses arising from impairment of debtors are recognised in the Statement of profit and loss in administrative expenses.

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 balance sheet date.

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 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

INFLUXDATA OPERATIONS UK LTD (REGISTERED NUMBER: 11630854)

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

2. ACCOUNTING POLICIES - continued

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.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at bank and in hand and short-term deposits.

Stock option expense
Judgement and estimation are required in determining the fair value of the shares at the date of award. The fair value is estimated using valuation techniques which take into account the award's term, the risk-free interest rate and the expected volatility of the market price of the parent company's shares. Judgement and estimation are also required to assess the number of options expected to vest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 45 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed by group undertakings 1,176,370 1,012,350
Other debtors 5,190 419
VAT 7,840 1,010
Deferred tax asset 2,091 2,299
Prepayments 33,379 27,613
1,224,870 1,043,691

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 1,237 21,785
Tax 93,192 53,327
Social security and other taxes 139,397 176,108
Accrued expenses 218,382 268,167
452,208 519,387

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 16,706 -

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

The Report of the auditors was unqualified.

Roy Davis (Senior Statutory Auditor)
for and on behalf of Zome Audit Limited (Statutory Auditor)

8. RELATED PARTY DISCLOSURES

At the year end InfluxData Inc, the company’s parent owed the company £1,176,370 (2022: £1,012,350). During the year the company invoiced the parent £5,582,903 (2022: £5,339,322) under a marketing and sales support agreement.

INFLUXDATA OPERATIONS UK LTD (REGISTERED NUMBER: 11630854)

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

9. ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent company is InfluxData Inc. a company incorporated in United States. The results of the Company are consolidated in the financial statements of InfluxData Inc. and publicly available from 548 Market St, PMB 77953, San Francisco, California 94104, USA.

10. SHARE-BASED PAYMENT TRANSACTIONS

The company has taken the exemption provided in FRS 102 Section 1.12D not to disclose details of share-based payment arrangements concerning equity instruments of another group entity.