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Registered number: 07106730
STRATACACHE UK LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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STRATACACHE UK LTD
REGISTERED NUMBER: 07106730
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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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 on 30 December 2025.
The notes on pages 3 to 8 form part of these financial statements.
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STRATACACHE UK LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
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At 1 January 2023 (as previously stated)
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Prior year adjustment - correction of error
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Comprehensive income for the year
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Comprehensive income for the year
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The notes on pages 3 to 8 form part of these financial statements.
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STRATACACHE UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Stratacache UK Ltd (registered number: 07106730) is a company limited by shares, incorporated in England and Wales. Its registered office address is 10 Queen Street Place, London, EC4R 1AG.
2.Accounting policies
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Basis of preparation of financial statements
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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 following principal accounting policies have been applied:
In preparing the financial statements, the directors have made an assessment of the Company's ability to continue as a going concern.
At the balance sheet date, the Company had net liabilities of £8,177,965 which includes amounts owed to group undertakings of £8,167,306. The directors have received confirmation from the ultimate parent that financial support will continue to be provided, as required, and therefore, the directors have concluded that these amounts will not be required to be repaid unless there are sufficient funds to do so.
The directors have considered post year end trade and have prepared an assessment of the company’s future trading to assess the expected resources of the Company and its ability to trade for at least twelve months from the date the financial statements are approved. This assessment indicates that the Company will continue to require support from its ultimate parent and the wider group of which it is a member. The Company has received confirmation from its ultimate parent undertaking that financial support will be provided, as and when required, to enable the Company to continue to trade and meets its liabilities as they fall due. The directors are of the view that this financial support will be provided, and on this basis, consider it appropriate to prepare the financial statements on a going concern basis. While the ultimate parent company has significant cash reserves as at the date these financial statements are signed, no separate assessment is available to the Company's directors of the ultimate parent's and the wider group's forecasted trading performance for the forthcoming twelve months. As such, there is no certainty that the ultimate parent undertaking and wider group will be able to continue to provide sufficient financial and operating support to the Company for at least twelve months from the date the financial statements are approved.
The directors have concluded that this constitutes a material uncertainty that may cast significant doubt over the ability of the Company to continue as a going concern for the foreseeable future and, therefore, that this may mean that the Company is unable to realise its assets and discharge its liabilities in the normal course of business.
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STRATACACHE UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
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Foreign currency translation
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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.
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.
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Operating leases: the Company as lessee
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Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
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.
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STRATACACHE UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
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.
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.
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.
Depreciation is provided on the following basis:
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33.3% straight line basis
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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.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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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.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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STRATACACHE UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
The average monthly number of employees, including directors, during the year was 14 (2023 - 14).
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STRATACACHE UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Prepayments and accrued income
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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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 £34,086 (2023: £27,970). Contributions totalling £6,768 (2023: £5,650) were payable to the fund at the balance sheet date and are included in other creditors.
The immediate parent company of Stratacache UK Ltd. is Stratacache Inc, a company registered and incorporated in United States of America.
The smallest group which draws up consolidated financial statements that includes the results of the Company is Stratacache Inc. The consolidated financial statements may be obtained from Stratacache Inc at the registered address: 4646 Needmore Road, Dayton, Ohio, OH 45424, United States.
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STRATACACHE UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
The auditors' report on the financial statements for the year ended 31 December 2024 was modified with reference made to a material uncertainty related to going concern as disclosed in note 2.2 in the financial statements.
The audit report was signed on 30 December 2025 by Christopher Cork (Senior Statutory Auditor) on behalf of HaysMac LLP.
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