Company registration number 15473263 (England and Wales)
LEAP29 SERVICES UK LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
LEAP29 SERVICES UK LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
LEAP29 SERVICES UK LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
Notes
£
£
Fixed assets
Investments
3
49,980
Current assets
Debtors
5
284,763
Cash at bank and in hand
625,405
910,168
Creditors: amounts falling due within one year
6
(985,140)
Net current liabilities
(74,972)
Net liabilities
(24,992)
Capital and reserves
Called up share capital
1
Profit and loss reserves
(24,993)
Total equity
(24,992)

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 4 November 2025 and are signed on its behalf by:
M R Cunliffe
Director
Company registration number 15473263 (England and Wales)
LEAP29 SERVICES UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2025
- 2 -
1
Accounting policies
Company information

Leap29 Services UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is Bollin House, Bollin Walk, Wilmslow, Cheshire, SK9 1DP.

1.1
Reporting period

The financial statements cover a 16-month period from the date of incorporation, 7 February 2024 to 30 June 2025. The period end of 30 June 2025 was selected to align with the group’s reporting year-end.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Leap29 Holdings Limited. These consolidated financial statements are available from its registered office, Bollin House, Riverside Park, Bollin Walk, Wilmslow, Cheshire SK9 1DP.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

LEAP29 SERVICES UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 3 -
1.3
Going concern

At the time of approving the financial statements, the directors' have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. true

The company is reliant on the continued support of the ultimate parent company, Leap29 Holdings Limited. Leap29 Holdings Limited is considered to have the ability to continue to support the company for at least the next 12 months.

After reviewing the company's forecasts and projections, the directors' have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue is recognised in accordance with FRS 102 Section 23. Where the company acts as an agent, it does not control the goods or services before they are transferred to the customer. In such cases, revenue is recognised on a net basis, representing only the commission or fee earned for facilitating the transaction.

The company assesses whether it is acting as principal or agent based on whether it has control over the goods or services prior to transfer. Indicators of agency include the company having discretion over pricing.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Legal and professional fees incurred in relation to the establishment of overseas entities have been capitalised as part of the cost of the investment, in accordance with FRS 102. These costs are considered directly attributable to the acquisition and setup of the investment and are not expected to recur.

1.6
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.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

LEAP29 SERVICES UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
Number
Total
4
LEAP29 SERVICES UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2025
- 5 -
3
Fixed asset investments
2025
£
Shares in group undertakings and participating interests
23,893
Other investments other than loans
26,087
49,980
Movements in fixed asset investments
Shares in subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 7 February 2024
-
-
-
Additions
23,893
26,087
49,980
At 30 June 2025
23,893
26,087
49,980
Carrying amount
At 30 June 2025
23,893
26,087
49,980
4
Subsidiaries

Details of the company's subsidiaries at 30 June 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
L29 Services Brazil LTDA (1)
Brazil
Ordinary
100.00
Leap29 Romania (2)
Romania
Ordinary
100.00
Leap29 Services Italia SRL (3)
Italy
Ordinary
100.00
Leapworks Ireland Limited (4)
Ireland
Ordinary
100.00
Leap29 Payroll B.V. (5)
Netherlands
Ordinary
100.00
Leap29 Services NZ (6)
New Zealand
Ordinary
100.00
L29 Expansion Solutions (7)
India
Ordinary
100.00
Leap29 Australia (8)
Australia
Ordinary
100.00

1 | A v cnso rodrigues alves 516 S ala 22
2 | B ucharest, 1st district, 9-13 F agaras street, 4th floor, app. 10, Romania
3 | T urin (to) C orso G iacomo M atteotti 42 zip code 10121
4 | T he black church, St. Mary's place, Dublin 7, Ireland, D 07 P 4 AX
5 | S tationsplein 15 f 3 2041aa Z andvoort the N etherlands
6 | 4a Ro ys R oad, W eymouth, A uckland, 2103, New Zealand
7 | G round floor, gj home no 271, 5th cross promod layout, B angalore K arnataka - 560 004 India
8 | S uite 2, level 1 9-11 Grosvenor S treet neutral bay New South Wales 2089

LEAP29 SERVICES UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2025
- 6 -
5
Debtors
2025
Amounts falling due within one year:
£
Trade debtors
164,324
Amounts owed by group undertakings
53,195
Other debtors
67,244
284,763
6
Creditors: amounts falling due within one year
2025
£
Trade creditors
211,281
Amounts owed to group undertakings
530,517
Taxation and social security
3,768
Other creditors
239,574
985,140
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 30 June 2025 and of its loss for the period then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Ryan Wear BSc ACA
Statutory Auditor:
Cooper Parry Group Limited
Date of audit report:
4 November 2025
8
Parent company

The immediate and ultimate parent company, by virtue of owning 100% of the issued share capital is Leap29 Holdings Limited, a company incorporated in England and Wales.

In the opinion of the directors, the parent company is controlled by P J Keely by virtue of owning 86% of the issued share capital.

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