Company registration number 08197493 (England and Wales)
TRAACKR UK LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
Century House
Wargrave Road
Henley-on-Thames
Oxfordshire
United Kingdom
RG9 2LT
TRAACKR UK LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2
Statement of changes in equity
3
Notes to the financial statements
4 - 10
TRAACKR UK LIMITED
COMPANY INFORMATION
- 1 -
Directors
N Chabot
N Martin
P Assayag
(Appointed 1 March 2024)
E DeMelo
(Appointed 1 March 2024)
Company number
08197493
Registered office
Century House
Wargrave Road
Henley-on-Thames
Oxfordshire
United Kingdom
RG9 2LT
Auditor
Verallo
Century House
Wargrave Road
Henley-on-Thames
Oxfordshire
United Kingdom
RG9 2LT
TRAACKR UK LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
5,447
5,965
Investments
4
3,684
3,684
9,131
9,649
Current assets
Debtors
5
2,564,434
963,434
Cash at bank and in hand
2,348,548
3,037,664
4,912,982
4,001,098
Creditors: amounts falling due within one year
6
(6,252,879)
(4,933,098)
Net current liabilities
(1,339,897)
(932,000)
Net liabilities
(1,330,766)
(922,351)
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(1,330,866)
(922,451)
Total equity
(1,330,766)
(922,351)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 10 July 2025 and are signed on its behalf by:
E DeMelo
Director
Company Registration No. 08197493
The notes on pages 4 to 10 form part of these financial statements
TRAACKR UK LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 May 2022
100
107,850
107,950
Year ended 30 April 2023:
Loss and total comprehensive income for the year
-
(1,030,301)
(1,030,301)
Balance at 30 April 2023
100
(922,451)
(922,351)
Year ended 30 April 2024:
Loss and total comprehensive income for the year
-
(408,415)
(408,415)
Balance at 30 April 2024
100
(1,330,866)
(1,330,766)
The notes on pages 4 to 10 form part of these financial statements
TRAACKR UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
1
Accounting policies
Company information

Traackr UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is Century House, Wargrave Road, Henley-on-Thames, Oxfordshire, United Kingdom, RG9 2LT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Exemption from preparing consolidated financial statements

 

The company has taken advantage of the exemption under section 399(2A) of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

The company is continually establishing new business relationships and has entered into subscription agreements with many well established organisations. During the year the group of which this company is a part of, invested heavily in developing infrastructure which has resulted in a group loss for the year. The group directors are confident that this investment will generate increased future revenues. The directors have carefully assessed the group cash flow, and are actively seeking future funding for continued development. At the time of approving these financial statements a new line of credit has been agreed in principle with the existing lenders, supported by an additional capital fund. This agreement raises sufficient capital to support its projected cashflow requirements. As a consequence, the directors believe that the company is well placed to manage its business risks successfully.true

 

The parent company have pledged to provide financial support to the company to enable it to meet its financial obligations for a period of 12 months from the approval of the financial statements. As a result, the directors have a reasonable expectation that the company has adequate resources to continue operating for the foreseeable future. They therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

 

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

TRAACKR UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 5 -
1.3
Turnover

Turnover mostly represents amounts receivable for subscriptions which provide access to the business interface for a period of time. Subscriptions are recognised on a straight line basis over the period of the subscription. Any amounts invoiced in advance of recognition of income are included within deferred income.

 

Turnover also includes amounts receivable for professional services which are recognised by reference to the stage of completion of the transaction at the end of the reporting period. The state of completion is determined by reference to the amount of work performed.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

TRAACKR UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 6 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow group 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. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

TRAACKR UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 7 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

Short term benefits, including holiday pay and other similar non-monetary benefits are recognised as an expense in the period in which the service is received. An accrual is recognised for short term compensated absences where entitlement has accumulated, but has not been taken, at the reporting date.

1.11
Retirement benefits

The company operates a defined contribution pension scheme, the assets of which are held separately from those of the company in independently administered funds. Contributions are recognised in profit or loss in the year to which the contributions relate.

1.12
Share-based payments

The group of which this company is a part operates an equity-settled share-based payment scheme for the benefit of the groups employees. The company reflects the economic cost of awarding share-based payments to employees by recording an expense in profit or loss based on the fair value of the equity instruments measured at grant date and spread over the vesting period.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
7
7
TRAACKR UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 8 -
3
Tangible fixed assets
Computers
£
Cost
At 1 May 2023
7,639
Additions
2,028
At 30 April 2024
9,667
Depreciation and impairment
At 1 May 2023
1,674
Depreciation charged in the year
2,546
At 30 April 2024
4,220
Carrying amount
At 30 April 2024
5,447
At 30 April 2023
5,965
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
3,684
3,684
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,503,048
802,209
Corporation tax recoverable
-
0
5,120
Amounts owed by group undertakings
1,043,552
-
0
Other debtors
17,834
156,105
2,564,434
963,434

The amount owed by group undertakings relates to trading and cashflow facilities with group companies as follows:

 

Traackr Inc. (parent company) £1,043,552 (2023 - £46,552 credit) - interest free, unsecured and repayable on demand.

TRAACKR UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 9 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
16,808
11,405
Amounts owed to group undertakings
599,235
605,781
Taxation and social security
274,999
74,286
Deferred income
5,212,630
4,155,340
Other creditors
2,341
35,974
Accruals
146,866
50,312
6,252,879
4,933,098

The amount owed to group undertakings relates to trading and cashflow facilities with group companies as follows:

Traackr FR SARL (subsidiary) £599,235 (2023 - £559,229) - subject to interest, unsecured and repayable on demand.

 

7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100

The company has one class of ordinary shares. The shares have full rights to receive notice of, attend and vote at general meetings. One share carries one vote, and full rights to dividends and capital distributions.

8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The senior statutory auditor was Michelle Hewitt-Dutton FCCA and the auditor was Verallo.
9
Financial commitments, guarantees and contingent liabilities

The company has entered into two fixed and floating charges with Saas Capital Fund Iii LP and Saas Capital Fund Iv LP over all of its assets in favour of loan creditors of Traackr, Inc., its parent undertaking.

10
Related party transactions
TRAACKR UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
10
Related party transactions
(Continued)
- 10 -

The company has taken advantage of the exemption allowed under FRS 102 s.33 1A not to disclose transactions with wholly owned members of the group.

 

11
Parent company

The parent company of Traackr UK Limited is Traackr, Inc., a company incorporated in the United States, and its registered office is 211 Sutter St #600, San Francisco, CA 94108, United States.

The smallest and largest group into which the results of Traackr UK Limited is headed by the parent company, Traackr, Inc., a company incorporated in the United States. The consolidated financial statements are available to the public and may be obtained from its registered office at 211 Sutter St #600, San Francisco, CA 94108, United States.

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