ACCOUNTS - Final Accounts preparation

Registered number: 14155583 (England and Wales)

FRANCISCO PARTNERS CONSULTING LTD

UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024


FRANCISCO PARTNERS CONSULTING LTD

COMPANY INFORMATION

Directors	M Kohlsdorf
	M J Hunt


Company secretary	Redfern Legal LLP


Registered number	14155583


Registered office	C/O Redfern Legal Llp
	7 Henrietta Street
	Covent Garden
	London
	England, United Kingdom
	WC2E 8PS


Accountants	ZEDRA Corporate Reporting Services (UK) Limited


FRANCISCO PARTNERS CONSULTING LTD

CONTENTS

	Page
Balance Sheet	1
Notes to the Financial Statements	2 - 4


FRANCISCO PARTNERS CONSULTING LTD REGISTERED NUMBER:14155583

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	3	374,669		253,217
Bank and cash balances		183,438		187,035
		558,107		440,252
Creditors: amounts falling due within one year	4	(312,015)		(293,708)
Net current assets			246,092		146,544
Total assets less current liabilities			246,092		146,544

Net assets			246,092		146,544

Capital and reserves
Called up share capital	1	1
Profit and loss account	246,091	146,543
	246,092	146,544

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M Kohlsdorf

Director

Date: 5 September 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1


FRANCISCO PARTNERS CONSULTING LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies

1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

1.2

Going concern

Francisco Partners Consulting Ltd has received confirmation from its parent company, Francisco Partners Consulting LLC, that it will continue to provide financial support for a period of at least 12 months from the date of signing of the financial statements. For this reason, the director chooses to adopt the going concern basis in preparing these financial statements.

1.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

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 profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 2


FRANCISCO PARTNERS CONSULTING LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies (continued)

1.4

Turnover

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

Turnover is recognised on a cost plus 9% basis, in line with the intercompany service agreement with the parent company. Intercompany turnover is recognised when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the intercompany service agreement;

∙the costs incurred under the intercompany service agreement can be measured reliably.

1.5

Pensions

Defined contribution pension plan

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 contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

1.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

1.7

Debtors

Short term debtors are measured at transaction price, less any impairment. Amounts owed by group
undertakings are intercompany loans measured at cost. These loans are unsecured, interest free
and repayable on demand.

1.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

1.9

Creditors

Short term creditors are measured at the transaction price.

Page 3


FRANCISCO PARTNERS CONSULTING LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	362,055	240,016
Other debtors	2,490	2,186
Prepayments and accrued income	10,124	11,015
	374,669	253,217

4.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	1,229	236
Corporation tax	33,164	29,882
Other taxation and social security	270,893	256,777
Other creditors	330	660
Accruals and deferred income	6,399	6,153
	312,015	293,708

5.	Controlling party

Francisco Partners Consulting LLC is the parent company of the smallest group for which consolidated financial statements are drawn up of which the Company is a member. The registered office of the parent company is: One Letterman Drive, Building C, Suite 410, San Francisco, CA 94129.

6.	Post balance sheet events

There were no adjusting or non-adjusting events occurring between the end of the reporting period and the date these financial statements were approved.

Page 4