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REGISTERED NUMBER: 09794306 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CIN7 UK LIMITED

CIN7 UK LIMITED (REGISTERED NUMBER: 09794306)






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


CIN7 UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: D Ing





REGISTERED OFFICE: 10 John Street
London
United Kingdom
WC1N 2EB





REGISTERED NUMBER: 09794306 (England and Wales)





AUDITORS: Oury Clark Chartered Accountants
Statutory Auditors
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

CIN7 UK LIMITED (REGISTERED NUMBER: 09794306)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,004 4,707

CURRENT ASSETS
Debtors 5 144,346 225,305
Cash at bank 285,619 155,567
429,965 380,872
CREDITORS
Amounts falling due within one year 6 178,352 179,569
NET CURRENT ASSETS 251,613 201,303
TOTAL ASSETS LESS CURRENT
LIABILITIES

252,617

206,010

PROVISIONS FOR LIABILITIES - 915
NET ASSETS 252,617 205,095

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 252,517 204,995
SHAREHOLDERS' FUNDS 252,617 205,095

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 director and authorised for issue on 19 June 2025 and were signed by:





D Ing - Director


CIN7 UK LIMITED (REGISTERED NUMBER: 09794306)

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

1. STATUTORY INFORMATION

Cin7 Uk Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

The company has obtained a letter of support from its parent company, Cin7 Americas, Inc. The Directors of Cin7 Americas, Inc have provided a commitment that Cin7 UK Limited can continue to use the Intellectual Property held by Cin7 Americas, Inc and to provide any financial support which may be necessary in order that the company can meet its liabilities, as they fall due, for a period of at least 12 months and 1 day from the date of the Cin7 UK Limited audit report. As a result of these commitments the director has continued to adopt the going concern basis in preparing these financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of services, and monthly subscriptions, excluding value added tax. Turnover related to onboarding services is recognised at the point that the onboarding work is complete as it is not possible to accurately estimate the percentage completion at any one point during the process. Monthly subscriptions are recognised on an accruals basis.

Tangible fixed assets
Tangible fixed assets are initially measured at cost.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment etc - 33% on cost

Financial instruments
Basic Financial Instruments, as covered by Section 11 of FRS 102, are measured at amortised cost. The company does not have any Other Financial Instruments, as covered by Section 12 of FRS 102.

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.


CIN7 UK LIMITED (REGISTERED NUMBER: 09794306)

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

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 10,948
Additions 1,130
Disposals (10,948 )
At 31 December 2024 1,130
DEPRECIATION
At 1 January 2024 6,241
Charge for year 2,559
Eliminated on disposal (8,674 )
At 31 December 2024 126
NET BOOK VALUE
At 31 December 2024 1,004
At 31 December 2023 4,707

CIN7 UK LIMITED (REGISTERED NUMBER: 09794306)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 6,317 15,567
Amounts owed by group undertakings 136,418 200,192
Other debtors 1,611 9,546
144,346 225,305

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors - 630
Taxation and social security 146,514 131,710
Other creditors & accruals 31,838 47,229
178,352 179,569

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1,000 Ordinary £0.10 100 100

All shares carry full and equal rights to participate in voting in all circumstances, in dividends, and in capital
distributions, whether on a winding up or otherwise. Ordinary shares are not redeemable.

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

The Report of the Auditors was unqualified.

Amy Enslin (Senior Statutory Auditor)
for and on behalf of Oury Clark Chartered Accountants

We would like to draw your attention to the following statement contained within our audit report as included within the full financial statements:-

"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 a Report of the Auditors 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."

9. ULTIMATE CONTROLLING PARTY

At the year end there is no ultimate controlling party.

CIN7 UK LIMITED (REGISTERED NUMBER: 09794306)

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

10. ULTIMATE PARENT COMPANY

The immediate parent company is Cin7 Americas, Inc. incorporated in Delaware, USA. They are located at 1444 Wazee Street, Suite 130, Denver, Colorado 80202. Consolidated accounts are not publicly available.

The ultimate parent company is Quad Holdco, LLC incorporated in Delaware, USA