ACCOUNTS - Final Accounts preparation

Registered number: 15676127

LUCIDLINK EUROPE LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

LUCIDLINK EUROPE LIMITED

REGISTERED NUMBER: 15676127

BALANCE SHEET

AS AT 31 DECEMBER 2024

		Period ended 31 December 2024
Note		£


Current assets
Debtors: amounts falling due within one year	4	192,865
Cash at bank and in hand	5	274,895
		467,760
Creditors: amounts falling due within one year	6	(401,656)
Net current assets			66,104
Total assets less current liabilities			66,104

Net assets			66,104

Capital and reserves
Called up share capital			1,000
Profit and loss account			65,104
			66,104

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 and were signed by the Director.

................................................

P Thompson

Director

Date: 23 September 2025

The notes on pages 2 to 6 form part of these financial statements.

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LUCIDLINK EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

1.	General information

LucidLink Europe Limited is a private Company limited by shares, registered in England and Wales, registered number 15676127. The registered office is 5 New Street Square, London, United Kingdom, EC4A 3TW.
The Company was incorporated on 24 April 2024 and commenced trading on this date.

2.Accounting policies

2.1

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:

2.2

Going concern

In determining the appropriate basis of preparation of the financial statements, the directors are required to consider whether the company can continue in operation for the foreseeable future.
In assessing the appropriateness of the going concern assumption, the directors have reviewed detailed profit and loss forecasts, considering all reasonably foreseeable potential scenarios and uncertainties in relation to revenue and expenditure, including the cash position of the business, for a period of at least 12 months from the date of these financial statements have been signed. Based on these forecasts, the Directors have reasonable expectation that the company meets its liabilities as they fall due.

2.3

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.

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LUCIDLINK EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

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 due 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.

2.5

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.

2.6

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.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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LUCIDLINK EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

LUCIDLINK EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

Employees

The average monthly number of employees, including directors, during the period was 17.

Debtors

					Period ended 31 December 2024
					£


	Amounts owed by group undertakings	192,865

5.	Cash and cash equivalents
		Period ended 31 December 2024
		£

	Cash at bank and in hand	274,895

6.	Creditors: Amounts falling due within one year
		Period ended 31 December 2024
		£

	Trade creditors	9,547
	Corporation tax	41,797
	Other taxation and social security	72,754
	Other creditors	9,008
	Accruals and deferred income	268,550
		401,656

7.	Share capital
		2024
		£

		Allotted, called up and fully paid

		1,000 Ordinary shares of £1.00 each	1,000

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LUCIDLINK EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

7.Share capital (continued)

During the year, 1,000 ordinary shares of £1 each were issued.

8.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £23,671. The amount owed at the end of the year was £9,008.

9.	Related party transactions
	The Company has taken advantage of the exemption in FRS 102 section 33.1A Related Party Disclosures not to disclose transactions or balances with wholly owned entities which form part of the group it is included within.

10.	Controlling party

The controlling party is P Thompson by virtue of his ultimate shareholding.
The ultimate parent company is LucidLink Inc. The registered office and principal place of business is USA, 3500 South DuPont Highway, Dover, Delaware, 19901.

11.	Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2024 was unqualified.

The audit report was signed on 24 September 2025 by (Senior statutory auditor) on behalf of MHA.

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