REGISTERED NUMBER: 07695394 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CONTRUENT LIMITED

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

R C Kubacki

M S Abramo

REGISTERED OFFICE:

The Galleries

Charters Road

Sunningdale

Ascot

Berkshire

SL5 9QJ

REGISTERED NUMBER:

07695394 (England and Wales)

SENIOR STATUTORY AUDITOR:

Dawn O'Leary CA

AUDITORS:

Davis Burton Sellek

Chartered Accountants

Statutory Auditors

The Galleries

Charters Road

Sunningdale

Berkshire

SL5 9QJ

BANKERS:

HSBC plc

Alphabeta

14 - 18 Finsbury Square

London

EC3A 1BR

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of providing support and subscription services for project control software.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

R C Kubacki

M S Abramo

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

M S Abramo - Director

24 September 2025

FIXED ASSETS

Tangible assets

5

427

822

CURRENT ASSETS

Debtors

6

5,623,926

3,185,332

Cash at bank

125,008

1,172,780

5,748,934

4,358,112

CREDITORS

Amounts falling due within one year

7

5,303,245

4,105,632

NET CURRENT ASSETS

445,689

252,480

TOTAL ASSETS LESS CURRENT LIABILITIES

446,116

253,302

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

446,016

253,202

SHAREHOLDERS' FUNDS

446,116

253,302

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

M S Abramo - Director

1.	STATUTORY INFORMATION

Contruent 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.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue operations for the foreseeable future. The directors have prepared forecasts which combined with the ongoing group support demonstrates the company's ability to continue as a going concern for a period of at least twelve months from the date of signing the balance sheet. Whilst the directors recognise the challenges and uncertainties facing the business community due to global economic factors such as the the Russia/Ukraine conflict they remain confident of the business pipeline moving forward. The directors therefore continue to adopt the going concern basis of accounting in preparing the financial statements and they intend to continue trading for the foreseeable future for a minimum period of twelve months from the signing of the balance sheet.

Revenue recognition

Revenue represents net invoiced sales of services, excluding value added tax.

There are four types of revenue in the financial period: revenue for the sale of subscription services, the sale of software licences, the sales of hosting services, and revenue for support and consultancy services.

Revenue relating to the sale of software subscription is recognised evenly over its lifetime.

Revenue relating to the sale of software licences is recognised on the first day of the annual licence.

Revenue relating to the sale of hosting services is recognised evenly over its lifetime.

Revenue of support and consultancy services is recognised based on the hours worked multiplied by the established charge-out rates, plus expenses incurred. It is recognised at the end of the month, once expenses and timesheets have been submitted. Revenue is accrued for when the time has been spent on a client but an invoice has not yet been raised.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Financial instruments

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provision of the instrument. Financial assets and liabilities are offset with the net presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Financial assets

The company has financial assets primarily in the form of trade and other receivables and cash and cash equivalents. These assets are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market.

Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. They are initially recognised in the balance sheet on settlement date at fair value plus directly related transaction costs.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and call deposits with maturities of three months or less from the acquisition date that are subject to an insignificant risk of changes in their fair value.

Financial liabilities

The company has financial liabilities primarily in the form of trade and other payables. These liabilities are non-derivative financial liabilities with fixed or determinable payments that are not quoted in an active market.

Basic financial liabilities including trade payables and loans from fellow group companies that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes as financing transaction.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts 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 payables are recognised initially at transaction price and subsequently measured at amortised cost.

Equity instruments

Equity instruments issued by the company are recorded at proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 6 ) .

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

and 31 December 2024

1,183

DEPRECIATION

At 1 January 2024

361

Charge for year

395

At 31 December 2024

756

NET BOOK VALUE

At 31 December 2024

427

At 31 December 2023

822

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

3,433,360

1,299,609

Amounts owed by group undertakings

1,660,573

639,498

Other debtors

529,993

1,246,225

5,623,926

3,185,332

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

174,540

534,957

Taxation and social security

473,914

226,825

Other creditors

4,654,791

3,343,850

5,303,245

4,105,632

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

The Report of the Auditors was unqualified.

Dawn O'Leary CA (Senior Statutory Auditor)

for and on behalf of Davis Burton Sellek

9.	RELATED PARTY DISCLOSURES

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.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Contruent LLC, based in Naperville IL, United States of America.

The ultimate controlling party is AP Holdco LLC based in Naperville IL, United States of America.