ACCOUNTS - Final Accounts preparation

Registered number: 04358177

PROSCI UK LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

PROSCI UK LIMITED

REGISTERED NUMBER: 04358177

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		58,507		31,785
Investments	5		24,084		24,084
			82,591		55,869
Current assets
Stocks	6	11,435		119,910
Debtors: amounts falling due within one year	7	3,238,586		1,751,372
Bank and cash balances		809,552		539,790
		4,059,573		2,411,072
Creditors: amounts falling due within one year	8	(2,090,290)		(1,018,411)
Net current assets			1,969,283		1,392,661
Total assets less current liabilities			2,051,874		1,448,530
Provisions for liabilities
Deferred tax		(13,206)		(3,530)
			(13,206)		(3,530)
Net assets			2,038,668		1,445,000

Capital and reserves
Called up share capital	3,552	3,552
Share premium account	21,182	21,182
Capital redemption reserve	1,702	1,702
Profit and loss account	2,012,232	1,418,564
	2,038,668	1,445,000

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PROSCI UK LIMITED

REGISTERED NUMBER: 04358177

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

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 18 December 2025.

Leandro Henrique Santos

Director

The notes on pages 4 to 11 form part of these financial statements.

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		PROSCI UK LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2024

	Called up share capital	Share premium account	Capital redemption reserve	Profit and loss account	Total equity
	£	£	£	£	£
At 1 February 2023	3,552	21,182	1,702	1,926,523	1,952,959
Comprehensive income for the period
Profit for the period	-	-	-	692,041	692,041
Dividends: Equity capital	-	-	-	(1,200,000)	(1,200,000)

At 1 January 2024	3,552	21,182	1,702	1,418,564	1,445,000
Comprehensive income for the year
Profit for the year	-	-	-	593,668	593,668
At 31 December 2024	3,552	21,182	1,702	2,012,232	2,038,668

The notes on pages 4 to 11 form part of these financial statements.

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PROSCI UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

The company is a private limited company, which is incorporated and registered in England and Wales. The company's registered number is 04358177 and the company's registered office is 6th Floor 2 Kingdom Street, Paddington, London, United Kingdom, W2 6BD.
The principal activity of the company is the provision of management training.
Monetary amounts in these financial statements are rounded to the nearest £.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and 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:

2.2

Exemption from preparing consolidated financial statements

The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of a state other than the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 401 of the Companies Act 2006.

2.3

Going concern

The company has cash resources and has no requirement for external funding.
The directors continue to believe it appropriate to adopt the going concern basis of accounting in preparing the financial statements. In making their assessment, the directors have reviewed the Balance sheet, the likely future cash flows and working capital facilities.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue trading for the foreseeable future, and accordingly the financial statements continue to be prepared on a going concern basis.

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PROSCI UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

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.

2.5

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:

Revenue from the provision of services is recognised in the period in which the services are provided, when the following conditions are met :
• the amount of revenue can be measured reliably ;
• it is probable that the Company will receive the consideration in due course;
Income from provision of training courses, is credited to revenue over the period in which the training was provided. Any revenue relating to a future financial period is included in Creditors as deferred income. Any refunds are applied to the fee receivable.
Income from licence fees is recognised evenly over the 12 month licence period.

2.6

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

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PROSCI UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.8

Tangible fixed assets

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, on a reducing balance basis.

Depreciation is provided on the following basis:

				Fixtures and fittings	-	25%
				Computer equipment	-	25%

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.

2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

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PROSCI UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.11

Debtors

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.

2.12

Creditors

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.

2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 41 (2023 - 36).

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PROSCI UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

	Fixtures and fittings	Computer equipment	Total
	£	£	£
Cost or valuation
At 1 January 2024	25,466	169,256	194,722
Additions	-	52,894	52,894
At 31 December 2024	25,466	222,150	247,616
Depreciation
At 1 January 2024	21,427	141,510	162,937
Charge for the year	1,990	24,183	26,173
At 31 December 2024	23,417	165,693	189,110
Net book value
At 31 December 2024	2,049	56,457	58,506
At 31 December 2023	4,039	27,746	31,785

5.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2024	24,084
	At 31 December 2024	24,084

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PROSCI UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Stocks
		2024	2023
		£	£

Finished goods and goods for resale	11,435	119,910
	11,435	119,910

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PROSCI UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Trade debtors	1,062,036	564,090
Amounts owed by group undertakings	1,762,472	934,081
Other debtors	-	750
Prepayments and accrued income	414,078	127,139
Tax recoverable	-	125,312
	3,238,586	1,751,372

Included in other debtors is an amount of £Nil (2023: £750) being loans to directors and employees to buy shares.

8.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	546,343	175,683
Amounts owed to group undertakings	153,606	-
Corporation tax	183,106	-
Other taxation and social security	260,676	188,601
Other creditors	32,603	13,755
Accruals and deferred income	913,956	640,372
	2,090,290	1,018,411

9.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid
283,557 (2023 - 283,557) Ordinary A shares of £0.01 each	2,836	2,836
71,664 (2023 - 71,664) Ordinary B shares of £0.01 each	716	716
	3,552	3,552

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PROSCI UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

10.	Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held seperately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amount to £256,222 (2023: £45,992). Contributions totalling £17,835 (2023: £13,755) were payable at the reporting date.

11.	Controlling party

The parent company of Prosci UK Limited is CMC Global Group Limited, a company registered in England and Wales (no. 11459036).
The controlling party is deemed to be Nexum Group SRL, by virtue of its shareholding in CMC Global Group Limited. Its registered office is Rue Emile Francqui 11, 1435 Mont-Saint-Guibert, Belgium.
From 1 April 2023 the ultimate controlling party is Prosci, Inc., incorporated in US, following the acquisition of Nexum Group SRL by Prosci, Inc., on this date.
Prposci, Inc. is the smallest and largest group which prepares group financial statements. The group financial statem,ents of Prosci, Inc. can be obtained from its principal place of business, Fort Collins, Colorado, United States.

12.	Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 24 December 2025 by Elinor Williams ACA ACCA (Senior statutory auditor) on behalf of MHA.

MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542).

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