REGISTERED NUMBER: 09736622 (England and Wales)

Audited Financial Statements for the Year Ended 31 December 2024

for

Open Influence UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr Alexander Jacob Dahan

REGISTERED OFFICE:

c/o AccountsCo

47 Islington Park Street

London

N1 1QB

REGISTERED NUMBER:

09736622 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr Simon Edrich

AUDITORS:

PG & E Professional Services Ltd

Chartered Accountants & Statutory Auditor

47 Islington Park Street

London

N1 1QB

CURRENT ASSETS

Debtors

4

354,941

397,428

Prepayments and accrued income

7,117

4,165

Cash at bank

537,816

55,459

899,874

457,052

CREDITORS

Amounts falling due within one year

5

146,721

11,470

NET CURRENT ASSETS

753,153

445,582

TOTAL ASSETS LESS CURRENT LIABILITIES

753,153

445,582

PROVISIONS FOR LIABILITIES

(12,763

)

-

ACCRUALS AND DEFERRED INCOME

(136,927

)

(17,642

)

NET ASSETS

603,463

427,940

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

603,363

427,840

603,463

427,940

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 director and authorised for issue on 1 October 2025 and were signed by:

Mr Alexander Jacob Dahan - Director

1.	STATUTORY INFORMATION

Open Influence UK 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Related party exemption

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 entered into between two or more members of a group, provided that any subsidiary which is party to the transaction is wholly owned.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue for projects that fall in more than one period is allocated between periods according to a formula that is designed to allocate revenue to the correct period.

Tangible fixed assets

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

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.

Material uncertainty related to going concern

As a result of market and other changes the company has decided to pause trading in the UK. Its business will be conducted through its parent company, Open Influence Inc. At the date of signing the accounts no decision has been made whether this pause will be temporary or permanent. In the director's opinion the uncertainty over the company's future trading constitutes a material uncertainty that casts significant doubt regarding the company continuing as a going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 4 ).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

-

3,600

Amounts owed by group undertakings

339,350

371,448

Other debtors

15,591

22,380

354,941

397,428

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

22,646

11,470

Taxation and social security

124,075

-

146,721

11,470

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

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion

We were unable to obtain sufficient appropriate audit evidence regarding all related party relationships as defined by the applicable financial reporting framework (FRS 102). Consequently, we were unable to determine whether there were any omissions in the disclosure of related party transactions.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Matters required to report by exception

- we have not obtained all the information and explanations regarding all related party relationships; and

- we were unable to determine whether there were any omissions in the disclosure of related party transactions.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Mr Simon Edrich (Senior Statutory Auditor)

for and on behalf of PG & E Professional Services Ltd

7.	AUDITOR LIABILITY LIMITATION

The company has limited the maximum aggregate amount of the Auditor's Liability to the company to not more than (1) the sum of 5 times the fees payable (excluding expenses and Value Added Tax) under the Engagement Letter referable to the financial year in question, or (2) £30,000, whichever is the lesser amount.

8.	ULTIMATE CONTROLLING ENTITY

The ultimate controlling party is Open Influence Inc.

The immediate parent company is Open Influence Inc. which is the company's sole shareholder. The financial statements of the company are consolidated in the financial statements of Open Influence Inc. These consolidated financial statements are available from its registered office at 8455 Beverly Blvd, Suite 300, Los Angeles, CA 90048.