ACCOUNTS - Final Accounts preparation

Registered number: 14516425 (England and Wales)

ZIPHQ (UK) LTD.

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024


ZIPHQ (UK) LTD.

COMPANY INFORMATION

Directors	R Zaparde
	R Loh


Company secretary	Oakwood Corporate Secretary Limited


Registered number	14516425


Registered office	3rd Floor
	1 Ashley Road
	Altrincham
	Cheshire
	United Kingdom
	WA14 2DT


Independent auditor	ZEDRA Corporate Reporting Services (UK) Limited


ZIPHQ (UK) LTD.

CONTENTS

	Page
Balance Sheet	1
Notes to the Financial Statements	2 - 5


ZIPHQ (UK) LTD. REGISTERED NUMBER:14516425

BALANCE SHEET

AS AT 30 NOVEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		14,046		-
			14,046		-
Current assets
Debtors: amounts falling due within one year	5	40,680		-
Bank and cash balances		197,615		13,711
		238,295		13,711
Creditors: amounts falling due within one year	6	(400,824)		(22,232)
Net current liabilities			(162,529)		(8,521)
Total assets less current liabilities			(148,483)		(8,521)

Net liabilities			(148,483)		(8,521)

Capital and reserves
Called up share capital	7	1	1
Profit and loss account		(148,484)	(8,522)
		(148,483)	(8,521)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

R Loh

Director

Date: 24 October 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1


ZIPHQ (UK) LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

1.Accounting policies

1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentational currency is GBP as that is the primary currency in which the Company transacts.

The following principal accounting policies have been applied:

1.2

Going concern

The directors have received written confirmation from its parent company, ZipHQ, Inc. that it will continue to provide financial support to the Company for a period of at least 12 months from the date of signing these financial statements. Furthermore, the directors have assessed the ability of the parent company to provide this support based upon their cash flow forecasts and have concluded that the parent will have sufficient working capital to provide the necessary support. For these reasons, the directors continue to adopt the going concern basis in preparing the financial statements.

1.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

1.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

1.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2


ZIPHQ (UK) LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

1.Accounting policies (continued)

1.5

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Computer equipment

3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

1.6

Debtors

Short-term debtors are measured at transaction price.

1.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

1.8

Creditors

Short-term creditors are measured at the transaction price. Amounts owed to group undertakings are intercompany loans measured at cost. These loans are unsecured, interest free and repayable on demand.

2.	Auditors' information

The auditors' report on the financial statements for the year ended 30 November 2024 was unqualified.

The audit report was signed on 27 October 2025 by Edward Wallis ACA (Senior Statutory Auditor) on behalf of ZEDRA Corporate Reporting Services (UK) Limited.

Employees

	The Company has no employees.

Page 3


ZIPHQ (UK) LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	Additions	15,355
	At 30 November 2024	15,355
	Depreciation
	Charge for the year on owned assets	1,309
	At 30 November 2024	1,309
	Net book value
	At 30 November 2024	14,046

Debtors

					2024	2023
					£	£


Other debtors	40,680	-
	40,680	-

Other debtors relates solely to a lease deposit which is repayable in June 2025.

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Amounts owed to group undertakings	365,640	16,232
Accruals and deferred income	35,184	6,000
	400,824	22,232

Page 4


ZIPHQ (UK) LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

7.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

1 (2023 - 1) Ordinary share of £1.00	1	1

8.	Controlling party

ZipHQ, Inc is the parent of the smallest group for which consolidated financial statements are drawn up of which the Company is a member. The registered office of the parent company is 680 Folsom Street, Fl 13, San Francisco, California 94107.

9.	Post balance sheet events

In January 2025, the Company entered into a lease agreement for a total commitment of £310,980. This is a non-adjusting event.
There were no adjusting or other non-adjusting events occurring between the end of the reporting period and the date these financial statements were approved.

Page 5