REGISTERED NUMBER: 09065783 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TC-UK INTERNET SECURITY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J Sander

Mr D Bounds

REGISTERED OFFICE:

Fleming Court

Leigh Road

Eastleigh

Southampton

Hampshire

SO50 9PD

BUSINESS ADDRESS:

901

International Parkway

Suite 350

Lake Mary

Florida

32746

REGISTERED NUMBER:

09065783 (England and Wales)

SENIOR STATUTORY AUDITOR:

Graham Taylor

AUDITORS:

Langdowns DFK Limited

Statutory Auditor

Fleming Court

Leigh Road

Eastleigh

Southampton

Hampshire

SO50 9PD

FIXED ASSETS

Tangible assets

5

2,764

5,518

CURRENT ASSETS

Debtors

6

485,985

422,296

Cash at bank

127,626

93,324

613,611

515,620

CREDITORS

Amounts falling due within one year

7

179,448

171,181

NET CURRENT ASSETS

434,163

344,439

TOTAL ASSETS LESS CURRENT LIABILITIES

436,927

349,957

PROVISIONS FOR LIABILITIES

691

1,380

NET ASSETS

436,236

348,577

CAPITAL AND RESERVES

Called up share capital

8

10,000

10,000

Retained earnings

426,236

338,577

SHAREHOLDERS' FUNDS

436,236

348,577

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

Mr D Bounds - Director

1.	STATUTORY INFORMATION

TC-UK Internet Security 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

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

The company has in place a Services Agreement with its parent company, Team Cymru Inc, under which it recognises income receivable on a cost plus basis. Revenue is recognised as the costs are generated, with any uninvoiced turnover being accrued at the year end.

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

-

Straight line over 3 years

All fixed assets are initially recorded at cost.

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.

Pension costs and other post-retirement benefits

The company contributes to a defined contribution pension scheme. Contributions payable to the pension scheme are charged to the profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in administrative expenses.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

and 31 December 2024

34,906

DEPRECIATION

At 1 January 2024

29,388

Charge for year

2,754

At 31 December 2024

32,142

NET BOOK VALUE

At 31 December 2024

2,764

At 31 December 2023

5,518

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

485,985

422,296

Included in other debtors is £480,964 (2023: £416,580) in relation to accrued income owed by group undertakings.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

3,905

3,905

Taxation and social security

110,512

85,608

Other creditors

65,031

81,668

179,448

171,181

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

10,000

Ordinary

£1

10,000

10,000

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

The Report of the Auditors was unqualified.

Graham Taylor (Senior Statutory Auditor)

for and on behalf of Langdowns DFK Limited

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.

11.	ULTIMATE CONTROLLING PARTY

Cymru Group Holdings, L.P. (United States of America) is the ultimate controlling entity. No one individual or entity has a controlling ownership of Cymru Group Holdings, L.P.

Team Cymru, Inc. (incorporated in United States of America) is regarded by the directors as being the company's immediate parent company.

The largest and smallest group within which the company belongs and for which group financial statements are prepared is headed by Cymru Intermediate Holdings, Inc. (incorporated in United States of America). The address of Cymru Intermediate Holdings, Inc. is 901 International Parkway, Suite 350, Lake Mary, FL 32746 USA.