ACCOUNTS - Final Accounts preparation

Registered number: 10335383 (England and Wales)

VERTICAL RESEARCH PARTNERS UK LIMITED

UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025


VERTICAL RESEARCH PARTNERS UK LIMITED

COMPANY INFORMATION

Directors	J Sprague
	R A Stallard
	D V Sulpizio


Registered number	10335383


Registered office	Birchin Court
	5th Floor
	19-25 Birchin Lane
	London
	London
	EC3V 9DU


Accountants	ZEDRA Audit & Assurance (UK) Limited


VERTICAL RESEARCH PARTNERS UK LIMITED

CONTENTS

	Page
Balance Sheet	1
Statement of Changes in Equity	2
Notes to the Financial Statements	3 - 5


VERTICAL RESEARCH PARTNERS UK LIMITED REGISTERED NUMBER:10335383

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	3	440,591		458,736
Bank and cash balances		7,862		12,872
		448,453		471,608
Creditors: amounts falling due within one year	4	(260,868)		(319,432)
Net current assets			187,585		152,176
Total assets less current liabilities			187,585		152,176

Net assets			187,585		152,176

Capital and reserves
Called up share capital	100	100
Profit and loss account	187,485	152,076
	187,585	152,176

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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:

D V Sulpizio

Director

Date: 22 April 2026

The notes on pages 3 to 5 form part of these financial statements.

Page 1


VERTICAL RESEARCH PARTNERS UK LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 January 2024	100	116,407	116,507
Comprehensive income for the year
Profit for the year	-	35,669	35,669
Total comprehensive income for the year	-	35,669	35,669

At 1 January 2025	100	152,076	152,176
Comprehensive income for the year
Profit for the year	-	35,409	35,409
Total comprehensive income for the year	-	35,409	35,409
At 31 December 2025	100	187,485	187,585

The notes on pages 3 to 5 form part of these financial statements.

Page 2


VERTICAL RESEARCH PARTNERS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.Accounting policies

1.1

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 following principal accounting policies have been applied:

1.2

Going Concern

Vertical Research Partners UK Limited has received written confirmation from its parent company, Vertical Research Partners, LLC, that it will continue to provide financial support for a period of at least 12 months from the date of signing these financial statements. For this reason, the directors continue to adopt the going concern basis in preparing the financial statements.

1.3

Turnover

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

Turnover is recognised on a cost plus 6% basis, in line with the intercompany service agreement with the parent company. Intercompany turnover is recognised when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the intercompany service agreement;

∙the costs incurred under the intercompany service agreement can be measured reliably.

1.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Amounts owed by group undertakings are intercompany loans measured at amortised cost using the effective interest method, less any impairment. No interest is charged on the loan which is repayable on demand.

1.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

1.6

Creditors

Short term creditors are measured at the transaction price.

Page 3


VERTICAL RESEARCH PARTNERS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.Accounting policies (continued)

1.7

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.

1.8

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.

1.9

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 balance sheet date in the countries where the Company operates and generates income.

Employees

The average monthly number of employees, including directors, during the year was 4 (2024 - 4).

Page 4


VERTICAL RESEARCH PARTNERS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	436,523	454,595
Other debtors	1,385	983
Prepayments and accrued income	2,683	3,158
	440,591	458,736

4.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Corporation tax	11,653	11,788
Other taxation and social security	201,956	134,228
Other creditors	97	1,045
Accruals and deferred income	47,162	172,371
	260,868	319,432

5.	Controlling party

The Company’s ultimate parent undertaking is Vertical Research Partners, LLC, a company incorporated in the United States of America.
Vertical Research Partners, LLC is the parent undertaking of the smallest group for which consolidated financial statements are prepared and of which the Company is a member. The registered office of the parent undertaking is 6 Landmark Square, 7th Floor, Stamford, Connecticut 06901, USA.

6.	Post balance sheet events

There were no adjusting or non-adjusting events occurring between the end of the reporting period and the date these financial statements were approved.

Page 5