REGISTERED NUMBER: 13601038 (England and Wales)

Financial Statements for the Year Ended 31 January 2025

for

PRODUCTBOARD UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Giroux

H Palan

SECRETARY:

Taylor Wessing Secretaries Limited

REGISTERED OFFICE:

5 New Street Square

London

EC4A 3TW

REGISTERED NUMBER:

13601038 (England and Wales)

AUDITORS:

Mark Arber Limited

Chartered Certified Accountants

& Statutory Auditors

71-75 Shelton Street

London

WC2H 9JQ

FIXED ASSETS

Tangible assets

4

13,456

24,969

CURRENT ASSETS

Debtors

5

285,171

794,450

Cash at bank

556,562

59,721

841,733

854,171

CREDITORS

Amounts falling due within one year

6

(137,679

)

(287,873

)

NET CURRENT ASSETS

704,054

566,298

TOTAL ASSETS LESS CURRENT LIABILITIES

717,510

591,267

CAPITAL AND RESERVES

Called up share capital

7

100

100

Other reserves

8

125,168

92,092

Profit and Loss Account

8

592,242

499,075

SHAREHOLDERS' FUNDS

717,510

591,267

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 8 October 2025 and were signed on its behalf by:

S Giroux - Director

1.	STATUTORY INFORMATION

PRODUCTBOARD 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.

The financial statements are presented in Sterling (£), which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.

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.

These financial statements have been drawn up on the going concern basis. The company is dependent upon the support of its parent company, and only customer, in order to meet its working capital requirements. The parent company has provided assurances that this support will continue for a period that exceeds twelve months from the date of approval of these financial statements. No adjustments have been made in these accounts which might result from that uncertainty.

Related party exemption

The company has taken the exemption provided by FFRS 102 Section 33.1A not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

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%

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.

Pension costs and other post-retirement benefits

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

Share based payments

The employees of the company are entitled to participate in the group share based compensation scheme. Cost is recognised in these financial statements based on the fair value of the awards at the date of grant, amortized over any vesting period that may apply. The company has taken the exemption provided in FRS 102 Section 1.12D not to disclose details of share-based payment arrangements concerning equity instruments of another group entity.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

29,862

Disposals

(5,658

)

At 31 January 2025

24,204

DEPRECIATION

At 1 February 2024

4,893

Charge for year

9,463

Eliminated on disposal

(3,608

)

At 31 January 2025

10,748

NET BOOK VALUE

At 31 January 2025

13,456

At 31 January 2024

24,969

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Tax asset

-

20,117

Amounts owed by group undertakings

270,116

754,874

Other debtors

15,055

19,459

285,171

794,450

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Tax liability

2,020

-

Trade creditors

5,638

10,713

Corporation Tax

28,027

40,060

Other creditors

101,994

237,100

137,679

287,873

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

100

Ordinary Shares

£1.00

100

100

8.

RESERVES

Profit

and Loss

Other

Account

reserves

Totals

£

£

£

At 1 February 2024

499,075

92,092

591,167

Profit for the year

93,167

93,167

Share based expense

-

33,076

33,076

At 31 January 2025

592,242

125,168

717,410

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

The Report of the Auditors was unqualified.

Mark Arber (Senior Statutory Auditor)

for and on behalf of Mark Arber Limited

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Productboard, Inc.