COGNITY UK LIMITED Company accounts

COMPANY REGISTRATION NUMBER: 09064577

COGNITY UK LIMITED

Unaudited Financial Statements

31 December 2024

COGNITY UK LIMITED

Financial Statements

Year ended 31 December 2024

Contents	Page

Directors' report	1

Income statement	3

Statement of financial position	4

Statement of changes in equity	6

Notes to the financial statements	7

COGNITY UK LIMITED

Directors' Report

Year ended 31 December 2024

The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2024 .

Principal activities

The principal activity of the company during the year was the provision of information technology services.

Directors

The directors who served the company during the year were as follows:

Mr Athanasios Sampanis
Mr Athanasios Vareias
Mr Georgios Gazepis
Mr Theodoros Sampanis
Fiduci-Corp Directors Limited

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 30 July 2025 and signed on behalf of the board by:

Mr Athanasios Sampanis	Mr Athanasios Vareias
Director	Director

Mr Georgios Gazepis	Mr Theodoros Sampanis
Director	Director

Fiduci-Corp Directors Limited	Fiduci-Corp (UK) Services Limited
Director	Company Secretary

COGNITY UK LIMITED

Income Statement

Year ended 31 December 2024

	2024	2023
Note	€	€
Turnover	10,044,631	8,920,582

Cost of sales	( 9,376,837)	( 8,276,988)
	-------------	------------
Gross profit	667,794	643,594

Administrative expenses	( 282,221)	( 222,426)
	---------	---------
Operating profit	385,573	421,168

Other interest receivable and similar income	138,976	30,301
	---------	---------
Profit before taxation	524,549	451,469

Tax on profit	( 131,137)	( 109,982)
	---------	---------
Profit for the financial year	393,412	341,487
	---------	---------

All the activities of the company are from continuing operations.

The company has no other recognised items of income and expenses other than the results for the year as set out above.

COGNITY UK LIMITED

Statement of Financial Position

31 December 2024

	2024		2023
Note	€	€	€

Current assets

Debtors	5	21,901,001	25,040,619
Cash at bank and in hand		10,481,408	10,459,101
		-------------	-------------
		32,382,409	35,499,720

Creditors: amounts falling due within one year	6	30,271,595		33,782,318
		-------------		-------------
Net current assets			2,110,814	1,717,402
			------------	------------
Total assets less current liabilities			2,110,814	1,717,402
			------------	------------
Net assets			2,110,814	1,717,402
			------------	------------

Capital and reserves

Called up share capital	7	10,000	10,000
Profit and loss account		2,100,814	1,707,402
		------------	------------
Shareholders funds		2,110,814	1,717,402
		------------	------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

COGNITY UK LIMITED

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 30 July 2025 , and are signed on behalf of the board by:

Mr Athanasios Sampanis	Mr Athanasios Vareias
Director	Director

Mr Georgios Gazepis	Mr Theodoros Sampanis
Director	Director

Fiduci-Corp Directors Limited
Director

Company registration number: 09064577

COGNITY UK LIMITED

Statement of Changes in Equity

Year ended 31 December 2024

	Called up share capital	Profit and loss account	Total
	€	€	€
At 1 January 2023	10,000	1,365,915	1,375,915

Profit for the year		341,487	341,487
	--------	------------	------------
Total comprehensive income for the year	–	341,487	341,487

At 31 December 2023	10,000	1,707,402	1,717,402

Profit for the year		393,412	393,412
	--------	------------	------------
Total comprehensive income for the year	–	393,412	393,412

	--------	------------	------------
At 31 December 2024	10,000	2,100,814	2,110,814
	--------	------------	------------

COGNITY UK LIMITED

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is St Georges House, 6th Floor, 15 Hanover Square, London, W1S 1HS, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in euro, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).

5. Debtors

	2024	2023
	€	€
Trade debtors	19,816,991	23,527,838
Prepayments and accrued income	2,034,559	1,508,194
Other debtors	49,451	4,587
	-------------	-------------
	21,901,001	25,040,619
	-------------	-------------

6. Creditors: amounts falling due within one year

	2024	2023
	€	€
Trade creditors	20,730,757	25,440,939
Accruals and deferred income	9,273,326	8,090,498
Corporation tax	126,613	109,982
Shareholder account - credit balance	140,899	140,899
	-------------	-------------
	30,271,595	33,782,318
	-------------	-------------

7. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	€	No.	€
Ordinary shares of € 1 each	10,000	10,000	10,000	10,000
	--------	--------	--------	--------

8. Related party transactions

The company was under the control of Mr Georgios Gazepis , Mr Theodoros Sampanis Sampanis, Mr Athanasios Vareias and Mr Athanasios Sampanis throughout the current and previous year.