GBTEC SOFTWARE UK LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15531947

GBTEC SOFTWARE UK LTD

Filleted Unaudited Abridged Financial Statements

31 December 2024

GBTEC SOFTWARE UK LTD

Abridged Financial Statements

Period from 29 February 2024 to 31 December 2024

Contents	Page

Director's report	1

Abridged statement of financial position	2

Statement of changes in equity	4

Notes to the abridged financial statements	5

GBTEC SOFTWARE UK LTD

Director's Report

Period from 29 February 2024 to 31 December 2024

The director presents his report and the unaudited abridged financial statements of the company for the period ended 31 December 2024 .

Principal activities

The principal activity of the company during the year was a specialst in Business Process Management Software and direct vendor of end to end solutions in information logistics.

Director

The director who served the company during the period was as follows:

Mr Marc Stromberg	(Appointed 29 February 2024)

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 23 September 2025 and signed on behalf of the board by:

Mr Marc Stromberg
Director

Registered office:

7 Archdale Place

London

United Kingdom

KT3 3RW

GBTEC SOFTWARE UK LTD

Abridged Statement of Financial Position

31 December 2024

	31 Dec 24
Note	£

Current assets

Debtors	24,479
Cash at bank and in hand	71,790
	--------
	96,269

Creditors: amounts falling due within one year	62,904
	--------
Net current assets	33,365
	--------
Total assets less current liabilities	33,365

Creditors: amounts falling due after more than one year	369,024
	---------
Net liabilities	( 335,659)
	---------

Capital and reserves

Called up share capital	4	5,000
Profit and loss account		( 340,659)
		---------
Shareholders deficit		( 335,659)
		---------

These abridged financial statements have been prepared and delivered 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'.

In accordance with section 444 of the Companies Act 2006, the abridged income statement has not been delivered.

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

Director's responsibilities:

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

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged income statement and the abridged statement of financial position for the period ending 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

GBTEC SOFTWARE UK LTD

Abridged Statement of Financial Position (continued)

31 December 2024

These abridged financial statements were approved by the board of directors and authorised for issue on 23 September 2025 , and are signed on behalf of the board by:

Mr Marc Stromberg
Director

Company registration number: 15531947

GBTEC SOFTWARE UK LTD

Statement of Changes in Equity

Period from 29 February 2024 to 31 December 2024

	Called up share capital	Profit and loss account	Total
	£	£	£
At 29 February 2024	–	–	–

Loss for the period		( 340,659)	( 340,659)
	----	---------	---------
Total comprehensive income for the period	–	( 340,659)	( 340,659)

Issue of shares	5,000	–	5,000
	-------	----	-------
Total investments by and distributions to owners	5,000	–	5,000

	-------	---------	---------
At 31 December 2024	5,000	( 340,659)	( 335,659)
	-------	---------	---------

GBTEC SOFTWARE UK LTD

Notes to the Abridged Financial Statements

Period from 29 February 2024 to 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 7 Archdale Place, London, KT3 3RW, United Kingdom.

2. Accounting policies

Basis of preparation

The abridged 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 abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Related party transactions

The company has taken advantage of the exemption available in accordance with FRS 102 'Section 33 Paragraph 33.1A' not to disclose transactions entered into between two or more members of a group, as the company is a wholly owned subsidiary undertaking of the group to which it is party to the transactions.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of GBTEC BidCo GmbH which can be obtained from its registered office in Germany. 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. (b) Disclosures in respect of financial instruments have not been presented. (c) No disclosure has been given for the aggregate remuneration of key management personnel.

Controlling party

The ultimate parent company to GBTEC SOFTWARE UK LTD is GBTEC BidCo GmbH.

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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

Employee benefits

The cost of short-term employee benefits are recognised as a liability and an expense unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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

The basic financial instrument policy is applied. 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. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss. Financial assets that are measured at 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. 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. The company holds various financial instruments, including financial assets and liabilities. Financial assets are initially recognised at fair value and subsequently measured based on their classification. 1. Financial Assets a) Cash and Cash Equivalents These are cash held at banks and highly liquid investments with original maturities of three months or less. b) Trade Receivables These are amounts owed by customers including related party transactions with other companies within the group, for goods and services provided in the ordinary course of business. c) Other Receivables These are financial assets such as deposits, advances and other receivables. 2. Financial Liabilities a) Trade Payables Amounts owed to suppliers, including related party transactions with other companies within the group, for goods or services received in the ordinary course of business. b) Loans Amounts owed to other companies within the group. c) Other liabilities Includes accrued expenses, deferred revenue and other payables.

3. Employee numbers

The average number of persons employed by the company during the period amounted to 2 .

4. Called up share capital

Authorised share capital

	31 Dec 24
	No.	£
Ordinary shares of £ 1 each	5,000	5,000
	-------	-------

Issued, called up and fully paid

	31 Dec 24
	No.	£
Ordinary shares of £ 1 each	5,000	5,000
	-------	-------