ACCOUNTS - Final Accounts preparation

Financial Statements

Greenhouse Software UK Limited

For the 16-month period ended 31 December 2024

Registered number: 15104914


Greenhouse Software UK Limited

Company Information

Directors	Daniel Chait (appointed 30 August 2023)
	Jung-Kyu McCann (appointed 30 August 2023)


Registered number	15104914


Registered office	27/28 Eastcastle Street
	London
	England
	W1W 8DH


Independent auditors	Grant Thornton
	Chartered Accountants & Statutory Auditors
	13-18 City Quay
	Dublin 2
	Republic of Ireland


Greenhouse Software UK Limited

Contents

	Page
Statement of financial position	1
Statement of changes in equity	2
Notes to the financial statements	3 - 8


Greenhouse Software UK Limited Registered number:15104914

Statement of financial position

As at 31 December 2024

		2024
Note		£


Current assets
Debtors: amounts falling due within one year	4	50,988
		50,988
Current liabilities
Creditors: amounts falling due within one year	5	(35,297)
Net current assets			15,691
Total assets less current liabilities			15,691

Net assets			15,691

Capital and reserves
Called up share capital			1
Profit and loss account			15,690
Shareholders' funds			15,691

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:

................................................

Daniel Chait

Director

Date: 28 November 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 1


Greenhouse Software UK Limited

Statement of changes in equity

For the 16-month period ended 31 December 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 30 August 2023	-	-	-
Comprehensive income for the 16-month period
Profit for the 16-month period	-	15,690	15,690
Contributions by and distributions to owners
Shares issued during the 16-month period	1	-	1
At 31 December 2024	1	15,690	15,691

The notes on pages 3 to 8 form part of these financial statements.

Page 2


Greenhouse Software UK Limited

Notes to the financial statements

For the 16-month period ended 31 December 2024

1.	General information

Greenhouse Software UK Limited (“the Company”) is a company incorporated in England and Wales with a registered address of 27/28 Eastcastle Street, London, England, W1W 8DH.

Greenhouse Software, Inc., headquartered in the US, operates as a technology company specializing in the development of recruitment and hiring software. Greenhouse Software UK Limited, a wholly owned subsidiary of Greenhouse Software, Inc., is responsible for the Company’s sales, marketing, and customer support efforts in the United Kingdom. Greenhouse UK personnel identify, and engage with, prospective UK clients, deliver product demonstrations, assist with product implementation, and provide after-sale technical support.

2.Accounting policies

2.1

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

The directors have prepared forecasts and projections that show the Company will have the resources to meet its obligations as they fall for a period of at least 12 months from the date of approval of these financial statements. In addition, the parent entity has provided the necessary financial support for a minimum period of 12 months from the date of signing of the financial statements. Accordingly, they will adopt the going concern basis in preparing these financial statements.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3


Greenhouse Software UK Limited

Notes to the financial statements

For the 16-month period ended 31 December 2024

2.Accounting policies (continued)

2.3

Foreign currency translation (continued)

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

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.

2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4


Greenhouse Software UK Limited

Notes to the financial statements

For the 16-month period ended 31 December 2024

2.Accounting policies (continued)

2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, inclusive of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, inclusive of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5


Greenhouse Software UK Limited

Notes to the financial statements

For the 16-month period ended 31 December 2024

3.	Employees
		16 month period ended 31 December
		2024
		£

	Wages and salaries	193,417
	Social security costs	31,708
	Cost of defined contribution scheme	11,739
		236,864

The average monthly number of employees, excluding the directors, during the 16-month period was as follows:

			16 month period ended 31 December
			2024
			No.

		Sales	2

Debtors

					2024
					£


	Amounts owed by group undertakings	44,231
	Other debtors	2,583
	Prepayments and accrued income	4,174
		50,988

Amounts owed by group undertakings are interest free, unsecured and repayable on demand.

Page 6


Greenhouse Software UK Limited

Notes to the financial statements

For the 16-month period ended 31 December 2024

5.	Creditors: Amounts falling due within one year
		2024
		£

	Trade creditors	14,080
	Corporation tax	4,820
	Other taxation and social security	258
	Other creditors	2,895
	Accruals and deferred income	13,244
		35,297

6.	Share capital
		2024
		£

		Allotted, called up and fully paid

		1 Ordinary share of £1.00 each	1

7.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund. Contributions totalling £2,895 were payable to the fund at the Statement of financial position date.

8.	Related party transactions
	The Company has availed of the exemptions in FRS102 Section 1AC.35 which allows nondisclosure of transactions between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.

9.	Post balance sheet events

There have been no significant events affecting the Company since the period end.

10.	Controlling party

The Company is wholly owned by Greenhouse Software, Inc. which is Headquartered in the United States, operating as a technology company specializing in the development of recruitment and hiring software.

Page 7


Greenhouse Software UK Limited

Notes to the financial statements

For the 16-month period ended 31 December 2024

11.	Auditors' information

The auditors' report on the financial statements for the 16-month period ended 31 December 2024 was unqualified.

The audit report was signed on 1 December 2025 by Tracey Sullivan (Senior statutory auditor) on behalf of Grant Thornton.

Page 8