REGISTERED NUMBER: 14035691 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NETLIFY UK LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Director:

Mr. M B Christensen

Registered office:

Suite 2 First Floor

10 Temple Back

Bristol

BS1 6FL

Registered number:

14035691 (England and Wales)

Auditors:

Zome (Statutory Auditor)

5th Floor

111 Charterhouse Street

London

EC1M 6AW

CURRENT ASSETS

Debtors

4

451,525

451,365

Cash at bank and in hand

254,861

216,667

706,386

668,032

CREDITORS

Amounts falling due within one year

5

(196,227

)

(326,488

)

NET CURRENT ASSETS

510,159

341,544

TOTAL ASSETS LESS CURRENT LIABILITIES

510,159

341,544

PROVISIONS FOR LIABILITIES

2,766

3,810

NET ASSETS

512,925

345,354

CAPITAL AND RESERVES

Called up share capital

100

100

Stock compensation reserve

6

615,349

364,487

Retained earnings

6

(102,524

)

(19,233

)

512,925

345,354

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 director and authorised for issue on 19 December 2025 and were signed by:

Mr. M B Christensen - Director

1.	STATUTORY INFORMATION

Netlify 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 company’s functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

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.

Turnover

Turnover is derived from recharge expenses to the parent company and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts 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 initially recognised at transaction price.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Stock based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.

The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme).

Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.

Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.

Shares for which an option is granted are issued by the ultimate parent company and no consideration is given by this company in respect of those options. A corresponding credit is recognised in retained earnings as a component of equity.

Going concern

Going concern is a fundamental accounting concept that underlies the preparation of financial statements of all UK companies. Under the going concern concept it is assumed that a company will continue in operation and that there is neither the intention nor the need either to liquidate it or to cease trading.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 29 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Amounts owed by group undertakings

436,968

451,365

Prepayments

14,557

-

451,525

451,365

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade creditors

160

-

Tax

61,361

59,847

Social security and other taxes

74,960

149,850

Accrued expenses

59,746

116,791

196,227

326,488

6.

RESERVES

Stock

Retained

compensation

earnings

reserve

Totals

£

£

£

At 1 January 2024

(19,233

)

364,487

345,254

Deficit for the year

(83,291

)

-

(83,291

)

SoCIE line item with acc967/31

-

250,862

250,862

At 31 December 2024

(102,524

)

615,349

512,825

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

The Report of the auditors was unqualified.

Roy Davis (Senior Statutory Auditor)

for and on behalf of Zome (Statutory Auditor)

8.	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 and amounted to £86,317 (2023: £113,985).

9.	RELATED PARTY DISCLOSURES

The company is wholly owned subsidiary of Netlify EMEA Limited a company incorporated in Ireland. As at the 31st December 2024 an amount £436,968 (2023: £451,365) was owed to Netlify Inc. During the period the entity issued sales for an amount of £3,515,403 (2023: £4,100,670) to Netlify Inc.

10.	ULTIMATE CONTROLLING PARTY

The immediate parent undertaking of the company is Netlify EMEA Limited, a company incorporated in Dublin, Ireland.

The ultimate parent company is Netlify, Inc., a company incorporated in the United States with its principal place of business at 512, 2nd Street, Suite 200, San Francisco, CA 94107.