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REGISTERED NUMBER: 11533178 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LOGIKCULL.UK LTD

LOGIKCULL.UK LTD (REGISTERED NUMBER: 11533178)






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


LOGIKCULL.UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: A Vietti
W Jisa
C W Lyne





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





REGISTERED NUMBER: 11533178 (England and Wales)





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

LOGIKCULL.UK LTD (REGISTERED NUMBER: 11533178)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 17,176 29,036
Cash at bank 58,308 109,782
75,484 138,818
CREDITORS
Amounts falling due within one year 5 171,389 302,331
NET CURRENT LIABILITIES (95,905 ) (163,513 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(95,905

)

(163,513

)

CAPITAL AND RESERVES
Called up share capital 6 100 100
Capital contribution 7 - 16,687
Retained earnings 7 (96,005 ) (180,300 )
SHAREHOLDERS' FUNDS (95,905 ) (163,513 )

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 28 July 2025 and were signed on its behalf by:





C W Lyne - Director


LOGIKCULL.UK LTD (REGISTERED NUMBER: 11533178)

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

1. STATUTORY INFORMATION

Logikcull.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.

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 immediate parent company, Logik Systems, Inc. will continue to provide any financial support which may be necessary in order that the company can meet its liabilities, as they fall due, for the foreseeable future, and in any event for a period greater than 12 months and one day from the date of the audit report signing. As a result of this commitment the directors have 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 is calculated on cost plus basis, and is recharged to a fellow group undertaking. The revenue is recognised when the relevant costs have been accrued.

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.

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.

LOGIKCULL.UK LTD (REGISTERED NUMBER: 11533178)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic Financial Instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS102.

Share-based payments
Equity-settled transactions are awards of shares, or options over shares, that are provided to employees in exchange for the rendering of services.

The cost of equity-settled transactions is measured at fair value on grant date. Fair value is independently determined using the Black-Scholes option pricing model that takes into account the exercise price, the term of the option, the impact of dilution, the share price at grant date and expected price volatility of the underlying share and the expected dividend yield and the risk free interest rate for the term of the option. No account is taken of any other vesting conditions.

The cost of equity-settled transactions is recognised as an expense with a corresponding increase in equity over the vesting period. The cumulative charge to profit or loss is calculated based on the grant date fair value of the award, the best estimate of the number of awards that are likely to vest and the expired portion of the vesting period. The amount recognised in profit or loss for the period is the cumulative amount calculated at each reporting date less amounts already recognised in previous periods.

The share based payment expense is recognised on a reasonable allocation of the group expense.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings - 6,629
Other debtors 17,176 22,407
17,176 29,036

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed to group undertakings 102,088 257,204
Taxation and social security 52,801 28,627
Other creditors & accruals 16,500 16,500
171,389 302,331

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

LOGIKCULL.UK LTD (REGISTERED NUMBER: 11533178)

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

7. RESERVES
Retained Capital
earnings contribution Totals
£    £    £   

At 1 January 2023 (180,300 ) 16,687 (163,613 )
Profit for the year 84,295 84,295
Share option charge - 2,733 2,733
Share options cancelled - (19,420 ) (19,420 )
At 31 December 2023 (96,005 ) - (96,005 )

Other reserves relates to equity recognised in respect of share options issued to employees (as detailed in note 8) and therefore are non-distributable reserves.

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

The Report of the Auditors was unqualified.

Emma Florentin-Lee (Senior Statutory Auditor)
for and on behalf 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. POST BALANCE SHEET EVENTS

On 1 April 2024, prior to the date of this report, all employees of the company were transferred to the parent undertaking, Reveal Data Corporation.

10. SHARE-BASED PAYMENT TRANSACTIONS

The share option expense for the year was £2,733 (2022: £6,629).

Upon the acquisition of the company on 14 August 2023, a review of all equity-settled share options was conducted.

All equity-settled share options were cancelled at the acquisition date.

As at 31 December 2023, no share options were outstanding.

LOGIKCULL.UK LTD (REGISTERED NUMBER: 11533178)

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

11. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking of Logikcull.UK Ltd is Logik Systems, Inc. Logik Systems, Inc. is incorporated in the USA. The registered address of Logik Systems, Inc. is 330 N. Brand Blvd, Glendale, California, USA. Logik Systems, Inc. is also the parent undertaking of the smallest group of undertakings for which consolidated financial statements are prepared and in which the results of Logikcull.UK Ltd are included.

The parent undertaking of the largest group of undertakings for which consolidated financial statements are prepared and in which the results of Logikcull.UK Ltd are included is e-Discovery AcquireCo, LLC. e-Discovery AcquireCo, LLC is incorporated in the USA. The registered address of e-Discovery AcquireCo, LLC is 1209 Orange Street, Wilmington, Delaware 19801, USA. Consolidated financial statements for this group are not publicly available.

The ultimate parent undertaking of Logikcull.UK Ltd is e-Discovery TopCo, LLC. e-Discovery TopCo, LLC is incorporated in the USA.

There is no ultimate controlling party.