Clearroute UK Limited

Clearroute UK Limited
Directors' Report
For the year ended 31 December 2024

Director's report and financial statements

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

Principal activities

The principal activities of the Company during the financial year were providing professional services supporting organisations optimise their software development lifecycles via a unique combination of Cloud experience and Continuous Testing knowledge to drive value through accelerating developers and improving their efficiencies.

Directors

The directors who served during the year were as follows:

Sarndeep Nijjar

Charles Whaley

Phillipp Blum

Statement of directors' responsibilities

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice. 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 (Financial Reporting Standard 102). 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 the profit or loss of the Company for that year. 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;
- State whether applicable UK Accounting Standards have been followed (subject to any material departures disclosed); and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume continuation.

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. The directors are also responsible for the maintenance and integrity of the corporate and financial information included on the Company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:

----------------------------------
Phillipp Blum
Director

Date approved: 25 September 2025

Clearroute UK Limited Accountants' Report For the year ended 31 December 2024
You consider that the Company is exempt from an audit for the year ended 31 December 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the Company at the end of the financial year, and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the accounting records of the Company and on the basis of the information and explanations you have given to us. We have not carried out an audit or any other review, and consequently, we do not express any opinion on these accounts. OMB Tax Limited Unit 10, Clayfield Mews Newcomen Road Tunbridge Wells TN4 9PA 25 September 2025 3

Clearroute UK Limited
Accountants' Report
For the year ended 31 December 2024

You consider that the Company is exempt from an audit for the year ended 31 December 2024.

You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the Company at the end of the financial year, and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the accounting records of the Company and on the basis of the information and explanations you have given to us. We have not carried out an audit or any other review, and consequently, we do not express any opinion on these accounts.

OMB Tax Limited
Unit 10, Clayfield Mews
Newcomen Road
Tunbridge Wells
TN4 9PA
25 September 2025

Clearroute UK Limited
Profit and Loss Account
For the year ended 31 December 2024

	2024 £	2023 £
Turnover	9,195,024	6,586,029
Cost of sales	(4,855,697)	(3,475,896)
Gross profit	4,339,327	3,110,133
Selling and distribution costs	(698,256)	(454,363)
Administrative expenses	(1,825,765)	(1,097,033)
Operating profit	1,815,306	1,558,737
Profit/(Loss) on ordinary activities before taxation	1,815,306	1,558,737
Tax on profit on ordinary activities	(479,582)	(393,640)
Profit/(Loss) for the financial year	1,335,724	1,165,097

Registered Number: 14042907 Clearroute UK Limited
Balance Sheet
As at 31 December 2024

	Notes	2024 £	2023 £
Fixed assets
Intangible fixed assets	3	960	1,003
Tangible fixed assets	4	294,725	201,017
		295,685	202,020
Current assets
Debtors	5	2,105,502	1,585,402
Cash at bank and in hand		978,675	1,222,435
		3,084,177	2,807,837
Creditors: amount falling due within one year	6	(1,613,878)	(1,768,484)
Net current assets		1,470,299	1,039,353

Total assets less current liabilities		1,765,984	1,241,373
Creditors: amount falling due after more than one year	7	(108,706)	(300,000)
Provisions for liabilities	8	(73,681)	(50,000)
Net assets		1,583,597	891,373

Capital and reserves
Called up share capital	9	100	100
Share premium account	10	249,990	249,990
Profit and loss account		1,333,507	641,283
Shareholders' funds		1,583,597	891,373

For the year ended 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 accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 profit and loss account has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 25 September 2025 and were signed on its behalf by:

-------------------------------
Phillipp Blum
Director

Clearroute UK Limited
Notes to the Financial Statements
For the year ended 31 December 2024

General Information

Clearroute UK Limited is a private company, limited by shares, registered in England and Wales, under 14042907, at 1 Waterhouse Square, London, EC1N 2ST.

Accounting policies

Significant accounting policies

These financial statements have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and the Republic of Ireland (as applied to small entities by Section 1A of the standard), and the requirements of the Companies Act 2006. These financial statements are prepared in sterling, which is also the functional currency of the Company. Monetary amounts are rounded to the nearest £1.

Turnover

Turnover represents the value of work done during the year net of value added tax. The value of work done is calculated as the contractual hours spent charged at the agreed rate.

Cost of sales

Revenue and costs are recognised by reference to the stage of completion of consultancy contracts where they can be reliably measured. The stage of completion is measured by reference to time records. Contract costs are recognised as revenue and expenses respectively by reference to the stage of completion of the contract activity at the balance sheet date ("percentage-of-completion method"). At the balance sheet date, the amount recoverable on contracts within 'Debtors' are the accumulative recoverable costs incurred to date and included within turnover.

The contractual costs are matched to contractual revenue and are charged to the profit and loss account. Where the contractual costs charged to the profit and loss account are not invoiced at the balance sheet date, the contractual costs payable on contracts are within 'Creditors'. Advances received are also included within Other Creditors as deferred income.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.

Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have either been enacted or substantively enacted by the reporting end date.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Deferred tax is measured using 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. Deferred tax liabilities are not discounted.

Computer software development costs
Development costs of computer software are capitalised once a detailed program design has been established and are depreciated on a straight-line basis once the development project is completed. At the balance sheet date the Company was significantly involved in developing 'Accelerator' software both for commercial exploitation to customers, and to enhance the delivery experience of the Company's consulting services.

Trademark
Trademark is stated at cost less amortisation calculated on a straight-line basis over the estimated expected useful economic life of the Trademark of 25 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less depreciation (except software in development as more fully particularised above) and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery etc

33.33% SL

Provisions

Provisions are recognised when the Company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 35 (2023 : 31).

Intangible fixed assets

Cost	Other intangible assets	Total
	£	£
At 01 January 2024	1,075	1,075
Additions	-	-
Disposals	-	-
At 31 December 2024	1,075	1,075
Amortisation
At 01 January 2024	72	72
Charge for year	43	43
On disposals	-	-
At 31 December 2024	115	115
Net book values
At 31 December 2024	960	960
At 31 December 2023	1,003	1,003

Tangible fixed assets

Cost or valuation	Plant and machinery etc	Total
	£	£
At 01 January 2024	229,618	229,618
Additions	121,211	121,211
Disposals	-	-
At 31 December 2024	350,829	350,829
Depreciation
At 01 January 2024	28,601	28,601
Charge for year	27,503	27,503
On disposals	-	-
At 31 December 2024	56,104	56,104
Net book values
Closing balance as at 31 December 2024	294,725	294,725
Opening balance as at 01 January 2024	201,017	201,017

Debtors: amounts falling due within one year

	2024 £	2023 £
Trade Debtors	1,510,344	1,260,459
Clearroute Australia	197,100	139,459
Clearroute Bulgaria	17,263	15,609
Clearroute India	22,500	15,500
Clearroute USA	175,166	-
Other Debtors	125,016	96,262
	2,047,389	1,527,289

Debtors: amounts falling due after one year

	2024 £		2023 £
Other Debtors	58,113		58,113
	58,113		58,113

Creditors: amount falling due within one year

	2024 £	2023 £
Trade Creditors	190,604	212,316
Taxation and Social Security	911,721	709,860
Other Creditors	511,553	846,308
	1,613,878	1,768,484

Creditors: amount falling due after more than one year

	2024 £		2023 £
Other Creditors	108,706		300,000
	108,706		300,000

Provisions for liabilities

	2024 £		2023 £
Deferred Tax	73,681		50,000
	73,681		50,000

Share Capital

Allotted, called up and fully paid	2024 £		2023 £
10,000 Ordinary A shares of £0.01 each	100		100
	100		100

10.

Share premium account

	2024 £	2023 £
Equity Share Premium b/fwd	249,990	-
Equity Share Premium	-	249,990
	249,990	249,990

11.

Ultimate Controlling Party

The company's immediate and ultimate parent undertaking is Clearroute Limited.

Clearroute Limited was incorporated in England & Wales. Copies of the group accounts may be contained from the secretary, WeWork, 1 Waterhouse Square, London, EC1N 2ST.

The ultimate controlling party is Clearroute Limited who controls 100% of the shares of Clearroute UK Limited.

Registered Number: 14042907
England and Wales
CLEARROUTE UK LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 January 2024 End date: 31 December 2024