REGISTERED NUMBER: 09091904 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ARCSERVE UK BRANCH LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Director:

C J Babel

Secretary:

Vistra Company Secretaries Limited

Registered office:

Suite 1

7th Floor 50 Broadway

London

SW1H 0BL

Registered number:

09091904 (England and Wales)

Auditors:

Zome Audit Limited (Statutory Auditor)

5th Floor

111 Charterhouse Street

London

EC1M 6AW

FIXED ASSETS

Tangible assets

4

1,184

1,961

CURRENT ASSETS

Debtors

5

1,891,959

1,169,437

Cash at bank

168,357

187,916

2,060,316

1,357,353

CREDITORS

Amounts falling due within one year

6

(154,377

)

(331,622

)

NET CURRENT ASSETS

1,905,939

1,025,731

TOTAL ASSETS LESS CURRENT LIABILITIES

1,907,123

1,027,692

CAPITAL AND RESERVES

Called up share capital

3

3

Share premium

705,673

705,673

Other reserves

525,070

(294,650

)

Retained earnings

676,377

616,666

SHAREHOLDERS' FUNDS

1,907,123

1,027,692

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 and authorised for issue by the director and authorised for issue on 9 September 2025 and were signed by:

C J Babel - Director

1.	STATUTORY INFORMATION

Arcserve UK Branch 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

Summary of significant accounting policies

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.

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.

Turnover

Turnover represents amounts charged to the Company's parent under an agreement for marketing and other services provided, excluding value added tax.

Turnover is recognised when chargeable costs are incurred.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

Cost

At 1 April 2023

and 31 March 2024

7,752

Depreciation

At 1 April 2023

5,791

Charge for year

777

At 31 March 2024

6,568

Net book value

At 31 March 2024

1,184

At 31 March 2023

1,961

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

1,840,328

1,110,678

Other debtors

1,472

16,249

Tax

32,043

-

VAT

905

-

Deferred tax asset

1,225

1,225

Prepayments

15,986

41,285

1,891,959

1,169,437

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

9,993

74,412

Tax

-

17,017

Social security and other taxes

24,356

54,978

Accrued expenses

120,028

185,215

154,377

331,622

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

8.	ULTIMATE PARENT COMPANY

The company is a wholly owned subsidiary of Arcserve UK Holding Limited, a company incorporated in U.K.

The ultimate parent company is Arcserve-Storagecraft Topco LLC, a company incorporated in USA.

The largest and smallest group in which the results of the company for the year under review are consolidated is the group headed by Arcserve-Storagecraft Topco LLC.

Copies of the group financial statements can be obtained at the group's global headquarters at 6600 City W. Parkway, Suite 215, Eden Prairie, MN 55344, USA.