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REGISTERED NUMBER: 11823914 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

INTEL 471 UK LTD.

INTEL 471 UK LTD. (REGISTERED NUMBER: 11823914)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


INTEL 471 UK LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







Directors: J Passwaters
M Debolt





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





Registered number: 11823914 (England and Wales)





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

INTEL 471 UK LTD. (REGISTERED NUMBER: 11823914)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 638 764

CURRENT ASSETS
Debtors 5 419,412 414,123
Cash at bank 127,363 56,572
546,775 470,695
CREDITORS
Amounts falling due within one year 6 (63,350 ) (79,448 )
NET CURRENT ASSETS 483,425 391,247
TOTAL ASSETS LESS CURRENT
LIABILITIES

484,063

392,011

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 483,963 391,911
484,063 392,011

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 18 March 2025 and were signed on its behalf by:





M Debolt - Director


INTEL 471 UK LTD. (REGISTERED NUMBER: 11823914)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Intel 471 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 have been 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.

Going concern
The accounts have been prepared on the going concern basis as the directors intend to continue this Company twelve months from the approval of these financial statements.

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.

Tangible fixed assets
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates on a straight-line basis in order to write off each asset over its estimated useful life.

Computer equipment - 50% on cost

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 recognized amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

INTEL 471 UK LTD. (REGISTERED NUMBER: 11823914)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

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.

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

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 25 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£
Cost
At 1 January 2024 10,259
Additions 1,022
At 31 December 2024 11,281
Depreciation
At 1 January 2024 9,495
Charge for year 1,148
At 31 December 2024 10,643
Net book value
At 31 December 2024 638
At 31 December 2023 764

5. DEBTORS
2024 2023
£ £
Amounts falling due within one year:
Amounts owed by group undertakings 384,307 376,280
Other debtors - 1,895
VAT 130 2,534
Prepayments 30,072 29,429
414,509 410,138

INTEL 471 UK LTD. (REGISTERED NUMBER: 11823914)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. DEBTORS - continued
2024 2023
£ £
Amounts falling due after more than one year:
Deferred tax 4,903 3,985

Aggregate amounts 419,412 414,123

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Tax 36,939 38,066
Social security and other taxes 20,249 22,146
Other creditors 958 368
Accrued expenses 5,204 18,868
63,350 79,448

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

During the financial year, under the service agreement with Intel 471 Inc the total transactions was £2,951,032 (2023: £3,210,169). As at 31 December 2024 an amount of £384,307 (2023: £376,280) was due to the Company by Intel 471 Inc.

9. ULTIMATE CONTROLLING PARTY

The immediate parent of the company is Intel 471 Inc., a company incorporated in United States of America.

The ultimate parent company is Integra Parent, LP, a company incorporated in Delaware, United States of America. The registered office is based at 1209 N Orange St, Wilmington, DE 19801, United States of America.