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REGISTERED NUMBER: 09091908 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ARCSERVE (UK) LIMITED

ARCSERVE (UK) LIMITED (REGISTERED NUMBER: 09091908)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


ARCSERVE (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







Director: C J Babel





Secretary: Vistra Company Secretaries Limited





Registered office: Suite 1
7th Floor 50 Broadway
London
United Kingdom
SW1H 0BL





Registered number: 09091908 (England and Wales)





Auditors: Zome Audit Limited (Statutory Auditor)
5th Floor
111 Charterhouse Street
London
EC1M 6AW

ARCSERVE (UK) LIMITED (REGISTERED NUMBER: 09091908)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 104,546 56,059

CURRENT ASSETS
Debtors 5 1,403,212 4,061,504
Cash at bank 37,290 21,261
1,440,502 4,082,765
CREDITORS
Amounts falling due within one year 6 (236,432 ) (2,904,935 )
NET CURRENT ASSETS 1,204,070 1,177,830
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,308,616

1,233,889

PROVISIONS FOR LIABILITIES (4,624 ) (11,930 )
NET ASSETS 1,303,992 1,221,959

CAPITAL AND RESERVES
Called up share capital 2 2
Share premium 528,834 528,834
Retained earnings 775,156 693,123
SHAREHOLDERS' FUNDS 1,303,992 1,221,959

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 20 August 2025 and were signed by:





C J Babel - Director


ARCSERVE (UK) LIMITED (REGISTERED NUMBER: 09091908)

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

1. STATUTORY INFORMATION

Arcserve (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.

The Company's functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements and statement of compliance
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
The company is controlled by its ultimate parent Arcserve Holdings Company LLC, to provide services within specific contracted regions. The company is remunerated by its parent for these services on a cost-plus basis. The total turnover of the company for the year has been derived from its principal activity undertaken in the UK and the rest of Europe.

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is accrued at the cost plus profit rate as relevant expenses are recognised and recharged to group entities. Expenses are recognised as goods or services are delivered.

Tangible fixed assets
Assets being recorded at historical cost and depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Computer Equipment - 3 years, straight line basis.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 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.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

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 initially recognised at transaction price.


ARCSERVE (UK) LIMITED (REGISTERED NUMBER: 09091908)

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

2. ACCOUNTING POLICIES - continued
Taxation
The tax expense represents the sum of the current tax expense and deferred tax expense. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax
Deferred corporation tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred corporation tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or 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.

Defined contribution pension obligation
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 21 (2023 - 25 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£
Cost
At 1 April 2023 302,270
Additions 99,701
Disposals (217,255 )
At 31 March 2024 184,716
Depreciation
At 1 April 2023 246,211
Charge for year 51,214
Eliminated on disposal (217,255 )
At 31 March 2024 80,170
Net book value
At 31 March 2024 104,546
At 31 March 2023 56,059

ARCSERVE (UK) LIMITED (REGISTERED NUMBER: 09091908)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed by group undertakings 1,358,003 3,905,218
Other tax and social security - 2,438
VAT 10,926 90,790
Prepayments 34,283 63,058
1,403,212 4,061,504

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 89,203 323,246
Amounts owed to group undertakings - 2,203,956
Tax 15,932 79,873
Social security and other taxes 5,562 2,991
Other creditors 9,969 14,025
Accrued expenses 115,766 280,844
236,432 2,904,935

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

The Report of the auditors was unqualified.

Roy Davis (Senior Statutory Auditor)
for and on behalf of Zome Audit Limited (Statutory Auditor)

8. FIXED CHARGES

There is 1 outstanding fixed charge held over the assets of the company for Monroe Capital Management Advisors, Llc.

9. ULTIMATE PARENT COMPANY

The immediate parent undertaking of the company is Arcserve UK Holding Limited a company incorporated in United Kingdom.

The ultimate parent company is Arcserve Cayman Topco LP a company incorporated in United States of America, with its principal place of business at 6600 City W. Parkway, Suite 215, Eden Prairie, MN 55344.