Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302872023-07-01falseNo description of principal activity245falsefalse 06680562 2023-07-01 2024-06-30 06680562 2022-07-01 2023-06-30 06680562 2024-06-30 06680562 2023-06-30 06680562 2022-07-01 06680562 c:PriorPeriodIncreaseDecrease 2023-07-01 2024-06-30 06680562 c:PriorPeriodIncreaseDecrease 2022-07-01 2023-06-30 06680562 d:CompanySecretary1 2023-07-01 2024-06-30 06680562 d:Director9 2023-07-01 2024-06-30 06680562 d:Director10 2023-07-01 2024-06-30 06680562 d:Director11 2023-07-01 2024-06-30 06680562 d:RegisteredOffice 2023-07-01 2024-06-30 06680562 c:OfficeEquipment 2023-07-01 2024-06-30 06680562 c:OfficeEquipment 2024-06-30 06680562 c:OfficeEquipment 2023-06-30 06680562 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06680562 c:ComputerEquipment 2023-07-01 2024-06-30 06680562 c:ComputerEquipment 2024-06-30 06680562 c:ComputerEquipment 2023-06-30 06680562 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06680562 c:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 06680562 c:OtherPropertyPlantEquipment 2024-06-30 06680562 c:OtherPropertyPlantEquipment 2023-06-30 06680562 c:OtherPropertyPlantEquipment c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06680562 c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06680562 c:CurrentFinancialInstruments 2024-06-30 06680562 c:CurrentFinancialInstruments 2023-06-30 06680562 c:Non-currentFinancialInstruments 2024-06-30 06680562 c:Non-currentFinancialInstruments 2023-06-30 06680562 c:CurrentFinancialInstruments c:WithinOneYear 2024-06-30 06680562 c:CurrentFinancialInstruments c:WithinOneYear 2023-06-30 06680562 c:Non-currentFinancialInstruments c:AfterOneYear 2024-06-30 06680562 c:Non-currentFinancialInstruments c:AfterOneYear 2023-06-30 06680562 c:ReportableOperatingSegment1 2023-07-01 2024-06-30 06680562 c:ReportableOperatingSegment1 2022-07-01 2023-06-30 06680562 c:UKTax 2023-07-01 2024-06-30 06680562 c:UKTax 2022-07-01 2023-06-30 06680562 c:ShareCapital 2024-06-30 06680562 c:ShareCapital 2023-06-30 06680562 c:ShareCapital 2022-07-01 06680562 c:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 06680562 c:RetainedEarningsAccumulatedLosses 2024-06-30 06680562 c:RetainedEarningsAccumulatedLosses c:PriorPeriodIncreaseDecrease 2023-07-01 2024-06-30 06680562 c:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 06680562 c:RetainedEarningsAccumulatedLosses 2023-06-30 06680562 c:RetainedEarningsAccumulatedLosses c:PriorPeriodIncreaseDecrease 2022-07-01 2023-06-30 06680562 c:RetainedEarningsAccumulatedLosses 2022-07-01 06680562 d:OrdinaryShareClass1 2023-07-01 2024-06-30 06680562 d:OrdinaryShareClass1 2024-06-30 06680562 d:OrdinaryShareClass1 2023-06-30 06680562 d:FRS102 2023-07-01 2024-06-30 06680562 d:Audited 2023-07-01 2024-06-30 06680562 d:FullAccounts 2023-07-01 2024-06-30 06680562 d:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06680562 c:WithinOneYear 2024-06-30 06680562 c:WithinOneYear 2023-06-30 06680562 c:BetweenOneFiveYears 2024-06-30 06680562 c:BetweenOneFiveYears 2023-06-30 06680562 2 2023-07-01 2024-06-30 06680562 c:OtherDeferredTax 2024-06-30 06680562 c:OtherDeferredTax 2023-06-30 06680562 c:ShareCapital c:PriorPeriodErrorIncreaseDecrease 2023-07-01 2024-06-30 06680562 c:ShareCapital c:PriorPeriodErrorIncreaseDecrease 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure


Registered number: 06680562












INTAPP LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 

INTAPP LIMITED

CONTENTS



Page
Company information
 
1
Strategic report
 
2 - 4
Directors' report
 
5
Directors' responsibilities statement
 
6
Independent auditor's report
 
7 - 10
Profit and loss account
 
11
Balance sheet
 
12
Statement of changes in equity
 
13
Notes to the financial statements
 
14 - 27


 

INTAPP LIMITED
 
COMPANY INFORMATION


Directors
D H Morton 
H Y Ku 
S O'Neal Todd 




Company secretary
Taylor Wessing Secretaries Limited



Registered number
06680562



Registered office
5 New Street Square

London

EC4A 3TW




Independent auditor
Blick Rothenberg Audit LLP
Chartered Accountants & Statutory Auditor

16 Great Queen Street

Covent Garden

London

WC2B 5AH




- 1 -

 

INTAPP LIMITED
 
STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2024

Introduction
 
The directors present their strategic report on the Company for the year ended 30 June 2024.

Our business
 
Intapp Limited ("the Company") provides customer support, research, sales and marketing support to its immediate parent and sole customer, Integration Appliance, Inc., who is the wholly-owned subsidiary of Intapp, Inc. and the wider Intapp, Inc. (“Intapp”) group to develop its global operation in the UK and across Europe.
Intapp is a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms. Intapp empowers the world’s premier accounting, consulting, investment banking, legal, private capital and real assets firms with the technology they need to operate more competitively, deliver timely insights to their professionals, and meet rapidly changing client, investor, and regulatory requirements. Using the power of Applied AI, our purpose-built vertical software as a service (“SaaS”) solutions accelerate the flow of information firmwide, activate expertise, empower teams, strengthen client relationships, manage risk, and help firms adapt more quickly in a highly complex ecosystem.

Business review and key financial indicators
 
The Company's operations have increased significantly in the year to support the continued growth of the wider group. As a result, administrative costs including overheads increased by 16% to £44,891,441 in the year to 30 June 2024 (2023: £38,757,795). This was primarily due to an increase in staff costs.
Revenue earned during 2024 increased to £47,473,125 (2023: £40,695,685) and profit before tax was £2,607,791 (2023: £1,967,791).  
The directors consider that the key performance indicators are those that communicate the financial performance of the Company as a whole. These include, but are not limited to, administrative expenses, operating profit, and employee headcount as set out in these financial statements. In addition, the directors consider that the Company's contribution to the wider Intapp group to be a non financial key performance indicator. The directors regularly review the number and skills of employees along with the requirements of the parent company, the sole customer, and considers and actions changes as required.
The Company’s cash position increased by 191% to £7,761,220 in 2024 from £2,665,610 in 2023.
The Company’s future plans are reliant on the wider group extending their leadership position as a provider of industry SaaS solutions for professional and financial services. There are a number of key strategies which have been implemented to achieve this and the directors consider that, to support these strategies, it is likely that the growth of employee numbers in the UK will continue in the coming 12 months.

Principal risks and uncertainties
 
The directors and the immediate parent company, Integration Appliance, Inc., actively manage these risks and ensure that there are appropriate policies in place in order to mitigate these risks. The continued use of the Intapp connected firm platform by clients is critical to the success of the global group and in turn, the Company, as it provides support to the group's operations.

The directors expect the Company to experience the following risks impacting Intapp: 

- 2 -

 

INTAPP LIMITED

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024

Regulatory and economic risk
 
Changes in regulatory environments, including data protection laws, local political and economic conditions, fluctuations in foreign currency exchange rates and changes to tariffs or other trade barriers. Our solutions address functions within the heavily regulated professional and financial services industry, and our clients’ failure to comply with applicable laws and regulations could adversely impact us.

Data protection and privacy legislation, enforcement and policy activity are rapidly expanding and creating a complex compliance environment and the potential for high profile negative publicity in the event of any noncompliance or data breach. The Company is bound by General Data Protection Regulation laws and takes all reasonable efforts to comply with the rules and has invested and continues to invest in human and technology resources to mitigate the risk of a breach.

Our sales cycles are lengthy and variable, depend upon factors outside our control, and could cause us to expend significant time and resources prior to generating revenues. Our growth strategy is focused on continuing to develop our SaaS solutions, which may increase our costs.
 
Outbreaks, epidemics, or general economic downturn could harm our business, results of operations, and financial condition.

Financing and going concern

The Company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. The Company has received a letter of financial support from its parent company, confirming support for the foreseeable future, being a period of at least twelve months from the date the financial statements were approved. The directors do not foresee any issues with the ability or willingness of the parent company to support the Company. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.
Furthermore, the Company is reliant on the continued ability of the immediate parent and sole customer, Integration Appliance, Inc., to settle invoices as they fall due. As such, the Intapp treasury department regularly monitors cash flow at both Company and group levels to ensure that both entities will be able to continue operating as a going concern.

Statement by the directors on performance of their statutory duties in accordance with S172 (1) Companies Act 2006

Section 172 (1)(a) to (f) requires the directors to act in the way they consider would be most likely to promote the success of the Company for the benefit of its members, as a whole, with regard to the following matters:
a) The likely consequences of any decision in the long term
The directors believe that they have acted in the way they consider, in good faith, to promote the long-term success of the Company. This is achieved via the directors ensuring that adequate financial support and guidance is provided to develop the Company's product and customer base.
b) The interests of the Company's employees
The directors monitor the hiring and ongoing evaluation of all departments to ensure that the Company remains engaged with employees needs and operates in the best interests of its workforce.
c) The need to foster the Company's business relationships with suppliers, customers and others
The directors aim to work in partnership with customers and suppliers who reflect similar values and behaviours to the Company. This is achieved by putting in place strategic partnerships and gaining a strong understanding of customer businesses.
 
- 3 -

 

INTAPP LIMITED

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024

Statement by the director on performance of their statutory duties in accordance with S172 (1) Companies Act 2006 (continued)
d) The impact of the Company's operations on the community and environment
Given the global nature of the business the directors remain mindful of the effect that the Company has on both communities and environment, through its own actions and that of the customers and suppliers, aiming to provide opportunities to for newly established business to develop.
e) The desirability of the Company maintaining a reputation for high standards of business conduct
The directors regularly discuss the direction of the business, including new suppliers and customers with management, to ensure that they maintain their reputation for high standards of business conduct.
 
f) The need to act fairly as between members of the Company
The Company is a wholly owned subsidiary and the directors have regular and open dialogue with its members.

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



H Y Ku
Director

Date: 6 June 2025

- 4 -

 

INTAPP LIMITED

DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2024

The directors present their report and the financial statements for the year ended 30 June 2024.

Results and dividends

The profit for the year, after taxation, amounted to £2,568,540 (Restated 2023: £2,079,517).

The directors do not recommend a dividend (2023: £nil).

Directors

The directors who served during the year were:
 
S Robertson (resigned 27 September 2023)
D H Morton (appointed 27 September 2023)
On 11 February 2025, H Y Ku and S O'Neal Todd were appointed as directors.

Matters covered in the strategic report

As permitted by s414c(11) of the Companies Act 2006, the directors have elected to disclose information, required to be in the director's report by Schedule 7 of the 'Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008', in the strategic report.

Disclosure of information to auditor

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

he 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 auditor is aware of that information.

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





H Y Ku
Director

Date: 6 June 2025

- 5 -

 

INTAPP LIMITED
 
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 30 JUNE 2024

The directors are responsible for preparing the strategic report, 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 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

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.

- 6 -

 

INTAPP LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF INTAPP LIMITED
 FOR THE YEAR ENDED 30 JUNE 2024

Opinion


We have audited the financial statements of Intapp Limited (the 'Company') for the year ended 30 June 2024, which comprise the profit and loss account, the balance sheet, the statement of changes in equity and the related notes, including 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 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (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 30 June 2024 and of its profit 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 Auditor's 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 auditor's 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.


- 7 -

 

INTAPP LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF INTAPP LIMITED (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024

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 strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the strategic report and the directors' report have 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 strategic report or 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.


Responsibilities of directors
 

As explained more fully in the directors' responsibilities statement set out on page 6, 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.


- 8 -

 

INTAPP LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF INTAPP LIMITED (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024

Auditor's 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 auditor's 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:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
we identified the laws and regulations applicable to the Company through discussions with directors and other management, and from our commercial knowledge and experience of the sector; 
we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the Company, including the Companies Act 2006 and taxation legislation;
we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management; and
identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the Company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

performed analytical procedures to identify any unusual or unexpected relationships;
tested journal entries to identify unusual transactions;
assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

agreeing financial statement disclosures to underlying supporting documentation; and
enquiring of management as to actual and potential litigation and claims.
- 9 -

 

INTAPP LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF INTAPP LIMITED (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024

Auditor's responsibilities for the audit of the financial statements (continued)


There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. 

Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. 

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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 auditor's report.


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 2006. Our 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 auditor's 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.





Christopher Shepherd (senior statutory auditor)
  
for and on behalf of
Blick Rothenberg Audit LLP
 
Chartered Accountants
Statutory Auditor
  
16 Great Queen Street
Covent Garden
London
WC2B 5AH

 
Date: 
6 June 2025
- 10 -

 

INTAPP LIMITED
 
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2024

As restated
2024
2023
Note
£
£

  

Turnover
 3 
47,473,125
40,695,685

Administrative expenses
  
(44,891,441)
(38,757,795)

Operating profit
 4 
2,581,684
1,937,890

Interest receivable and similar income
 6 
26,107
29,901

Profit before taxation
  
2,607,791
1,967,791

Tax on profit
 7 
(39,251)
111,726

Profit for the financial year
  
2,568,540
2,079,517

There are no items of other comprehensive income for either the year or the prior year other than the profit for the year. Accordingly, no statement of other comprehensive income has been presented.

- 11 -


 
REGISTERED NUMBER:06680562
INTAPP LIMITED

BALANCE SHEET
AS AT 30 JUNE 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 8 
760,597
830,804

Current assets
  

Debtors: amounts falling due after more than one year
 9 
286,377
285,688

Debtors: amounts falling due within one year
 9 
12,664,791
10,905,279

Cash at bank and in hand
  
7,761,220
2,665,610

  
20,712,388
13,856,577

Creditors: amounts falling due within one year
 10 
(11,855,170)
(7,745,419)

Net current assets
  
 
 
8,857,218
 
 
6,111,158

Total assets less current liabilities
  
9,617,815
6,941,962

Creditors: amounts falling due after more than one year
 11 
(460,663)
(353,350)

  

Net assets
  
9,157,152
6,588,612


Capital and reserves
  

Called up share capital 
 13 
1,000
1,000

Profit and loss account
 14 
9,156,152
6,587,612

Total equity
  
9,157,152
6,588,612


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



H Y Ku
Director

Date: 6 June 2025

The notes on pages 14 to 27 form part of these financial statements.

- 12 -

 

INTAPP LIMITED

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 July 2022 (as previously stated)
1,000
4,114,031
4,115,031

Prior year adjustment - see Note 16
-
394,064
394,064


At 1 July 2022 (as restated)
1,000
4,508,095
4,509,095



Profit for the year
-
2,079,517
2,079,517



At 1 July 2023 (as previously stated)
1,000
6,056,935
6,057,935

Prior year adjustment - see Note 16
-
530,677
530,677


At 1 July 2023 (as restated)

1,000

6,587,612

6,588,612



Profit for the year
-
2,568,540
2,568,540


At 30 June 2024
1,000
9,156,152
9,157,152


- 13 -

 

INTAPP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Intapp Limited ("the Company") provides customer support, research, sales and marketing support to its immediate parent and sole customer, Integration Appliance, Inc., who is the wholly-owned subsidiary of Intapp, Inc. and the wider Intapp, Inc. (“Intapp”) group to develop its global operation in the UK and across Europe.
The Company is a private company limited by shares incorporated in England and Wales. The address of its registered office is 5 New Street Square, London, EC4A 3TW. The address of its principal place of business is Exchequer Court, 33 St Mary Axe London EC3A 8AA.
The financial statements are presented in Sterling (£), which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.

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 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The directors do not consider there to be any critical accounting estimates or judgments.

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102:

Section 3 Financial Statement Presentation paragraph 3.17(d) (inclusion of statement of cash flows)
Section 7 Statement of Cash Flows (inclusion of statement of cash flows);
Section 11 Financial Instruments paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c) (disclosures relating to financial instruments);
Section 26 Share-based payments (disclosure of share-based payments);
Section 33 Related Party Disclosures paragraph 33.7 (disclosures of key management personnel compensation).
 
The Company is included in the consolidated financial statements of Intapp, Inc. for the year ended 30 June 2024, and these financial statements may be obtained from 3101 Park Boulevard, Palo Alto, California, United States of America.

The following principal accounting policies have been applied:

- 14 -

 

INTAPP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.2

Going concern

The Company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved.  The Company has received a letter of financial support from its parent company, confirming support for the foreseeable future, being a period of at least twelve months from the date the financial statements were approved. The directors do not foresee any issues with the ability or willingness of the parent company to support the Company. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.
Furthermore, the Company is reliant on the continued ability of the immediate parent and sole customer, Integration Appliance, Inc., to settle invoices as they fall due. As such, the Intapp treasury department regularly monitors cash flow at both Company and group levels to ensure that both entities will be able to continue operating as a going concern.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

- 15 -

 

INTAPP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
20%
Computer equipment
-
33%
Other fixed assets
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.6

Financial instruments

The Company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.
Financial assets and financial liabilities are recognised when the Company becomes party to the contractual provisions of the instrument. 
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. 

The Company’s policies for its major classes of financial assets and financial liabilities are set out below. 
 
Financial assets
Basic financial assets, including other debtors, cash and bank balances, intercompany working capital balances and intercompany financing, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.
Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
 

- 16 -

 

INTAPP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

  

Financial instruments (continued)

Financial liabilities
Basic financial liabilities, including trade and other creditors and intercompany working capital balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the Company would receive for the asset if it were to be sold at the reporting date. 
For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. 
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. 
Offsetting of financial assets and financial liabilities
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.

  
2.7

Share capital

Ordinary shares are classified as equity. 

- 17 -

 

INTAPP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

  
2.8

Share-based payments

The ultimate parent company, Intapp, Inc., has a share-based compensation scheme for all employees, consultants and directors. Compensation expense related to share-based payments are calculated based on the fair value of share-based awards on the date of grant. The grant date fair value of stock option awards and stock purchase rights under the 2021 Employee Stock Purchase Plan (“ESPP”) is determined using the Black-Scholes option pricing model, and restricted stock units based on the fair value of the common stock on the date of grant. The related share-based compensation for stock option awards and restricted stock units is recognized in the profit and loss on a straight-line basis, over the period in which a participant is required to provide service in exchange for the share-based awards, which is generally four years. Compensation expense related to ESPP is recognized over the respective offering period, which is 6 months. Intapp, Inc. re-imburse the company for any share-based compensation costs and, as a result, credits are allocated to the intercompany loan account rather than equity.
The ultimate parent company, Intapp, Inc., has issued performance-based stock options and performance-based stock units that vest based upon continued service through the vesting term and achievement of certain operating performance targets, including annual recurring revenues and annual contract value targets established by the Board of Directors for a predetermined period. The Company measures share-based compensation expense for performance-based stock options based on the estimated grant date fair value determined using the Black-Scholes valuation model. The Company measures the fair value of the performance-based stock units based on the fair value of the Company’s common stock on the date of grant. The Company recognizes compensation expense for such awards in the period in which it becomes probable that the performance target will be achieved. Compensation expense for awards that contain performance conditions is calculated using the graded vesting method and the portion of expense recognized in any period may fluctuate depending on changing estimates of the achievement of the performance conditions.

 
2.9

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is Sterling (£).

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

All foreign exchange gains and losses are presented in the profit and loss account within 'administrative expenses'.

- 18 -

 

INTAPP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

  
2.11

Pensions

Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.12

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.13

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

- 19 -

 

INTAPP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Turnover

An analysis of turnover by class of business is as follows:


2024
2023
£
£

Sales and marketing services
47,473,125
40,695,685


All turnover arose within the rest of the world.


4.


Operating profit

The operating profit is stated after charging:

2024
2023
£
£

Foreign exchange (gains)/losses
(317,215)
369,179

Operating lease rentals
1,172,231
1,047,568

Share-based payments
3,197,310
2,608,595

Depreciation of tangible fixed assets
206,263
96,500

Audit fees payable to Company's auditor
25,000
23,000

Non- audit fees payable to Company's auditor
10,750
11,500

Defined contribution pension costs
1,346,601
1,115,722




- 20 -

 

INTAPP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Employees

Staff costs were as follows:


2024
2023
£
£

Wages and salaries
30,603,253
25,464,864

Social security costs
4,831,412
4,044,052

Defined contribution pension costs
1,346,601
1,115,722

Share-based payments
3,197,310
2,608,595

39,978,576
33,233,233


The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







General and Administrative
16
13



Professional Services
91
87



Sales and Marketing
85
76



Technical and Support
27
23



Support and Maintenance
2
2



Research and Development
66
44

287
245

No remuneration was paid to the directors during the financial year. 
 

6.


Interest receivable and similar income

2024
2023
£
£


Other bank interest receivable
26,107
29,901

- 21 -

 

INTAPP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Taxation


As restated
2024
2023
£
£

Corporation tax


Current tax on profits for the year
-
24,887


Total current tax
-
24,887

Deferred tax


Origination and reversal of timing differences
39,251
(136,613)

Total deferred tax
39,251
(136,613)


Tax on profit
39,251
(111,726)

Factors affecting tax charge for the year

The tax assessed for the year is higher than (2023: lower than) the standard rate of corporation tax in the UK of25% (2023: 20.5%). The differences are explained below:

As restated
2024
2023
£
£


Profit on ordinary activities before tax
2,607,791
1,967,791


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023: 20.5%)
651,948
403,397

Effects of:


Expenses not deductible for tax purposes
17,381
17,532

Difference between capital allowances and depreciation
16,392
(158,380)

Net impact of share-based payments
(659,850)
(705,248)

Group relief
13,380
330,973

Total tax charge for the year
39,251
(111,726)


Factors that may affect future tax charges

There are no factors that may affect future tax charges.

- 22 -

 

INTAPP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Tangible assets





Computer equipment
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost 


At 1 July 2023
149,429
529,288
365,085
1,043,802


Additions
136,056
-
-
136,056


Transfers between classes
-
(26,296)
26,296
-



At 30 June 2024

285,485
502,992
391,381
1,179,858



Depreciation


At 1 July 2023
95,787
56,363
60,848
212,998


Charge for the year
66,921
64,003
75,339
206,263



At 30 June 2024

162,708
120,366
136,187
419,261



Net book value



At 30 June 2024
122,777
382,626
255,194
760,597



At 30 June 2023
53,642
472,925
304,237
830,804

- 23 -

 

INTAPP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
286,377
285,688


As restated
2024
2023
£
£

Due within one year

Amounts owed by group undertakings
10,234,195
9,908,698

Other debtors
1,205,642
358,617

Prepayments and accrued income
733,528
107,287

Deferred taxation (Note 12)
491,426
530,677

12,664,791
10,905,279


Amounts owed by group undertakings are interest free, have no fixed repayment date and are repayable on demand.


10.


Creditors: Amounts falling due within one year

As restated
2024
2023
£
£

Trade creditors
1,042,062
223,511

Amounts owed to group undertakings
3,179,901
2,605,460

Other taxation and social security
1,839,637
22,952

Other creditors
28,739
79,469

Accruals and deferred income
5,764,831
4,814,027

11,855,170
7,745,419


Amounts owed by group undertakings are interest free, have no fixed repayment date and are repayable on demand.


11.


Creditors: Amounts falling due after more than one year

As restated
2024
2023
£
£

Accruals and deferred income
460,663
353,350


- 24 -

 

INTAPP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

12.


Deferred taxation




2024


£






At beginning of year (as restated)
530,677


Charged to profit or loss
(39,251)



At end of year
491,426

The deferred tax asset is made up as follows:

As restated
2024
2023
£
£


Timing differences relating to share options
491,426
530,677


13.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023: 1,000) Ordinary shares of £1.00 each
1,000
1,000


There is a single class of ordinary shares. There are no restrictions on the distribution of dividends and the repayment of capital.


14.


Reserves

Profit and loss account

The profit and loss account includes all current and prior period retained profits and losses.

- 25 -

 

INTAPP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

15.


Share-based payments

The ultimate parent company, Intapp, Inc., has a share-based compensation scheme for all employees, consultants and directors. Compensation expense related to share-based payments are calculated based on the fair value of share-based awards on the date of grant. The grant date fair value of stock option awards and stock purchase rights under the 2021 Employee Stock Purchase Plan (“ESPP”) is determined using the Black-Scholes option pricing model, and restricted stock units based on the fair value of the common stock on the date of grant. The related share-based compensation for stock option awards and restricted stock units is recognized in the profit and loss on a straight-line basis, over the period in which a participant is required to provide service in exchange for the share-based awards, which is generally four years. Compensation expense related to ESPP is recognized over the respective offering period, which is 6 months. Intapp, Inc. re-imburse the company for any share-based compensation costs and, as a result, credits are allocated to the intercompany loan account rather than equity.
The ultimate parent company, Intapp, Inc., has issued performance-based stock options and performance-based stock units that vest based upon continued service through the vesting term and achievement of certain operating performance targets, including annual recurring revenues and annual contract value targets established by the Board of Directors for a predetermined period. The Company measures share-based compensation expense for performance-based stock options based on the estimated grant date fair value determined using the Black-Scholes valuation model. The Company measures the fair value of the performance-based stock units based on the fair value of the Company’s common stock on the date of grant. The Company recognizes compensation expense for such awards in the period in which it becomes probable that the performance target will be achieved. Compensation expense for awards that contain performance conditions is calculated using the graded vesting method and the portion of expense recognized in any period may fluctuate depending on changing estimates of the achievement of the performance conditions.
An expense of £3,197,310 (2023: £2,608,595) was recognised in the profit and loss account.


16.


Prior year adjustment

It has been identified that deferred tax in relation to share based payments was omitted in error as at 1 July 2022 and 30 June 2023. These financial statements include an increase in deferred tax asset of £394,064 and an increase in retained earnings of the same amount as at 1 July 2022. The adjustment increases net assets as at 1 July 2022 by £394,064. These financial statements also include an increase in deferred tax asset of £530,677 at 30 June 2023 and an increase in deferred tax credit of £136,613 for the year ended 30 June 2023. Consequently, the adjustment increases profit for the year ended 30 June 2023 by £136,613 and net assets as at 30 June 2023 by £530,677.
  


The comparatives are also restated to correctly split the rent-free period accruals between debtors due within one year, creditors due within one year and creditors due over one year at 30 June 2023. There is no impact on profit or loss or on net assets as a result of the restatement.
 
      As previously
       
reported As restated 
      2023 2023 Impact
      £ £ £
Debtors due within one year
Other debtors     670,470 358,617 (311,853)

Creditors due within one year
Accruals and deferred income  (4,677,687) (4,814,027) (136,340)

Creditors due after more than one year
Accruals and deferred income  (801,543) (353,350) 448,193


- 26 -

 

INTAPP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

17.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,346,601 (2023: £1,115,722). Contributions totalling £248,492 (2023: £209,587) were payable to the fund at the balance sheet date and are included in creditors.


18.


Commitments under operating leases

At 30 June 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
1,153,662
723,485

Later than 1 year and not later than 5 years
2,083,741
3,229,003

3,237,403
3,952,488


19.


Related party transactions

The Company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are a wholly owned part of the group.


20.


Ultimate parent undertaking and controlling party

The immediate parent company is Integration Appliance, Inc. with its registered office at 1521 Concord Pike Suite 201, Wilmington, Delaware 19803, USA.
The ultimate parent company is Intapp, Inc., a public company incorporated in the United States of America, with its registered office at 1521 Concord Pike Suite 201, Wilmington, Delaware 19803, USA.
The largest and smallest group to which the results of the Company are consolidated in is that headed by Intapp, Inc. The financial statements of Intapp, Inc., are publicly available in its registered office.
In the opinion of the directors there is no controlling party.

 
- 27 -