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

WhereScape Europe 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.

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 amounts in these financial statements are rounded to the nearest £.

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 with wholly owned subsidiaries within the group.

Atruet 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. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Revenue is derived primarily from software licences which is recognised upon the provision of licence keys to the end user customers. Related maintenance and support revenue is rateable over the period of the contract and deferred as appropriate. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable for services, excluding discounts, rebates, value added tax, and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of services

• the company has transferred the significant risks and rewards of ownership to the buyer

• the company retains neither continuing managerial involvement to the degree usually associated with ownership, nor effective control over the goods sold

• the amount of revenue can be measured reliably

• it is probable that the company will receive the consideration due under the transaction

• the costs incurred or to be incurred in respect of the transaction can be measured reliably

Revenue split

Revenue is split into software licences, initial maintenance, maintenance and support renewals, consultancy and training.

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.

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.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Deferred income is valued at £7,591,572 (2024: £7,348,939) and is presented within other creditors both within and due after more than one year. Deferred income represents the director's estimate of advance payments received for services that are to be performed in the future under existing contracts.

The average monthly number of persons employed by the company during the year was:

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:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year 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.

The company's parent company is WhereScape Inc., a company registered in the United States of America. The registered office address of WhereScape Inc is Creekside Suite 125, 4001 W Parmer Lane, Austin, TX 78727.

The company's ultimate parent company is Idera Parent Sub, LP, a company registered in the United States of America.

Idera Parent Sub, LP is the parent company of the largest and smallest group of which the company is a member and for which group accounts are drawn up. Copies of the financial statements of Idera Parent Sub, LP can be obtained from Idera Inc. Creekside Suite 125, 4001 W Parmer Lane, Austin, TX 78727.