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REGISTERED NUMBER: 03195722 (England and Wales)




















Financial Statements

for the Year Ended 31 December 2024

for

ISIS Papyrus UK Limited

ISIS Papyrus UK Limited (Registered number: 03195722)






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


ISIS Papyrus UK Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: A M Pucher





SECRETARY: A M Roberts





REGISTERED OFFICE: Watership Barn
Kingsclere Business Park
Kingsclere
Berkshire
RG20 4SW





REGISTERED NUMBER: 03195722 (England and Wales)

ISIS Papyrus UK Limited (Registered number: 03195722)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 10,476 5,807

CURRENT ASSETS
Debtors 6 1,419,822 1,150,502
Cash at bank 3,158,157 2,804,194
4,577,979 3,954,696
CREDITORS
Amounts falling due within one year 7 1,561,743 1,462,403
NET CURRENT ASSETS 3,016,236 2,492,293
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,026,712

2,498,100

CREDITORS
Amounts falling due after more than one
year

8

(163,014

)

-

PROVISIONS FOR LIABILITIES (2,619 ) (1,452 )
NET ASSETS 2,861,079 2,496,648

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 2,860,079 2,495,648
SHAREHOLDERS' FUNDS 2,861,079 2,496,648

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 30 July 2025 and were signed by:





A M Pucher - Director


ISIS Papyrus UK Limited (Registered number: 03195722)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

ISIS Papyrus 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

These financial statements are prepared on a going concern basis.

These are the Company's individual financial statements and do not contain any consolidated information
relating to the group.

The principal accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all the years presented, unless otherwise stated.

The company's functional and presentational currency is the Pound Sterling (£).

Turnover
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The company recognises revenue when the following conditions are satisfied:

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 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

Tangible fixed assets
Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised.

Depreciation and residual values

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life as follows:

Furniture10-20% straight line
Laptop computers20-25% straight line
Computer equipment20-33% straight line
Office equipment10-25% straight line
Computer software20-25% straight line
Low value assets100% straight line

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any changes is accounted for prospectively.

ISIS Papyrus UK Limited (Registered number: 03195722)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. ACCOUNTING POLICIES - continued

Financial instruments
The company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.

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.

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) control 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

Basic financial liabilities, including trade and other creditors, bank loans and overdrafts and loans from fellow group companies, 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 receipts discounted at a market rate of interest.

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. Accounts 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.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.


ISIS Papyrus UK Limited (Registered number: 03195722)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case tax is also recognised in other comprehensive income or directly in equity respectively.

Current or deferred taxation assets and liabilities are not discounted.

Current tax

Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amount expected to be paid to the tax authorities.

Deferred tax

Deferred tax arises from timing differences that are differences between taxable profit and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessment in periods different from those in which are recognised in financial statements.

Deferred tax is recognised on all timing differences at the reporting date except for certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Foreign currencies
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 the profit and loss account except when deferred in other comprehensive income as qualifying cash flow hedges.

Pension costs and other post-retirement benefits
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 obligations are recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks and other short-term highly liquid investments with original maturities of three months or less.

ISIS Papyrus UK Limited (Registered number: 03195722)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. ACCOUNTING POLICIES - continued

Provisions for liabilities
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one time included in the same class of obligations may be small.

Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as a finance cost.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

5. TANGIBLE FIXED ASSETS
Computer
and
office
equipment
£   
COST
At 1 January 2024 88,259
Additions 7,790
Disposals (845 )
At 31 December 2024 95,204
DEPRECIATION
At 1 January 2024 82,452
Charge for year 3,121
Eliminated on disposal (845 )
At 31 December 2024 84,728
NET BOOK VALUE
At 31 December 2024 10,476
At 31 December 2023 5,807

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 364,111 311,287
Other debtors 16,275 16,275
Prepayments and accrued income 929,372 822,940
1,309,758 1,150,502

Amounts falling due after more than one year:
Prepayments and accrued income 110,064 -

Aggregate amounts 1,419,822 1,150,502

ISIS Papyrus UK Limited (Registered number: 03195722)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,146 4,849
Amounts owed to group undertakings 69,636 41,800
Corporation tax 28,130 60,304
Social security and other taxes 94,795 106,337
Accruals and deferred income 1,368,036 1,249,113
1,561,743 1,462,403

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Accruals and deferred income 163,014 -

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

The Report of the Auditors was unqualified.

David Iain Black (Senior Statutory Auditor)
for and on behalf of Monahans Sumer Auditco Limited

10. OTHER FINANCIAL COMMITMENTS

The company had non-cancellable operating lease commitments totalling £229,024 (2023: £65,400) at the balance sheet date.

ISIS Papyrus UK Limited (Registered number: 03195722)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

11. RELATED PARTY DISCLOSURES

Balances owed to/(from) ISIS Papyrus UK Limited as at each balance sheet date are as follows;

Group company 2024 2023
£    £   
ISIS Papyrus Nordics aps (3,263 ) -
ISIS Papyrus Europe AG (66,373 ) (41,800 )

Amounts included in turnover from trading which took place in each year are as follows;

Group Company 2024 2023
£    £   

ISIS Papyrus Software AG 4,177 7,350
ISIS Papyrus Europe AG 102,540 18,958
ISIS Papyrus America Inc 10,026 3,151

Amounts included in expenditure from trading which took place in each year are as follows;

Group Company 2024 2023
£    £   
ISIS Papyrus Software AG 15,075 -
ISIS Papyrus Europe AG 1,818,340 1,090,585
ISIS Papyrus Nordics ApS 3,263 1,088
ISIS Papyrus France - 139,200
ISIS Papyrus Asia Pacific Pte Ltd 18,240 24,158

Kingsclere Property Limited
A company in which A M Pucher is a director and owner.

During the year, rental costs of £78,872 (2023: £78,480) were paid to Kingsclere Property Limited. The balance at the year end owed to Kingsclere Property Limited was £Nil (2023: £Nil).

Office Art AG
A company in which A M Pucher is a director and owner.

During the year, consultancy income of £70,000 (2023: £65,000) was received from Office Art AG. The balance at the year end owed by Office Art AG was £70,000 (2023: £Nil).

12. ULTIMATE PARENT COMPANY

The ultimate parent company is ISIS Holding AG. The group accounts can be requested from the following address:

Weidstrasse 26
6300 Zug
Switzerland