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Newforma EMEA Ltd Registered number: 09745372 Annual Report For the year ended 31 December 2025
NEWFORMA EMEA LTD COMPANY INFORMATION
Director | K Murray
Registered number | 09745372
Registered office | 30 Old Bailey
| London
| United Kingdom
| EC4M 7AU
Independent auditor | Forvis Mazars
| Chartered Accountants & Statutory Auditors
| Mayoralty House
| Flood Street
| Galway
| Ireland
| H91 P8PR
NEWFORMA EMEA LTD CONTENTS
| Page
Director's Report | 1 - 2
Independent Auditor's Report | 3 - 6
Statement of Comprehensive Income | 7
Statement of Financial Position | 8
Statement of Changes in Equity | 9
Notes to the Financial Statements | 10 - 17
NEWFORMA EMEA LTD DIRECTOR'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The director presents his report and the audited financial statements for the year ended 31 December 2025.
Principal activity
The principal activity of Newforma EMEA Ltd (the 'Company') is to distribute and support building and infrastructure software.
Director
The director who served during the year and to the date of this report was:
K Murray
Director's responsibilities statement
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations. Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the director is required to: ∙select suitable accounting policies for the Company's financial statements and then apply them consistently; ∙make judgements and accounting estimates that are reasonable and prudent; and ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Going concern
These financial statements have been prepared on a going concern basis. The director has reviewed the forecasts for the next 12 months from approval of these financial statements and considers there to be sufficient funds to continue to meet liabilities as they fall due. Accordingly, the director has a reasonable expectation that the Company will continue in operational existence and thus he adopts the going concern basis of accounting in preparing the financial statements. - 1 -
NEWFORMA EMEA LTD DIRECTOR'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
Qualifying third party indemnity provisions
The Company has made qualifying third party indemnity provisions for the benefit of the director which were made during the year and remain in force at the date of this report. No claim or notice of claim in respect of these indemnities has been received in the year.
Economic impact of global events
UK businesses are facing many uncertainties and challenges caused by political, economic, social, technological, legal and environmental factors. These uncertainties have contributed to an environment where there exists a range of issues and risks, labour shortages, disrupted supply chains and new ways of working. The director has carried out an assessment of the potential impact of these uncertainties on the business, including the impact of mitigation measures, and concluded that the greatest impact on the business is expected to be from the economic ripple effect on the global economy. The director has taken account of these potential impacts in his going concern assessment. The Company continues to work with its partners to minimise any impacts of these events and maximise the realisation of any opportunities they may provide to the business.
Provision of information to the auditor
The director at the time when this Director's Report is approved has confirmed that: ∙so far as he is aware, there is no relevant audit information of which the Company's auditor is unaware, and ∙he has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.
Post balance sheet events
There have been no significant events affecting the Company since the year end.
Auditor
The auditors, Forvis Mazars, will be proposed for reappointment in accordance with section 487 of the Companies Act 2006.
Small companies note
In preparing this report, the director has taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. This report was approved by the board and signed on its behalf by:
K Murray Director
Date: 23 April 2026
- 2 -
NEWFORMA EMEA LTD INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF NEWFORMA EMEA LTD Opinion We have audited the financial statements of Newforma EMEA Ltd (the ‘Company’) for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: ∙give a true and fair view of the state of the Company’s affairs as at 31 December 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. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report. Other information The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. - 3 -
NEWFORMA EMEA LTD INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF NEWFORMA EMEA LTD Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: ∙the information given in the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and ∙the Director's Report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Director's Report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: ∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or ∙the financial statements are not in agreement with the accounting records and returns; or ∙certain disclosures of director's remuneration specified by law are not made; or ∙we have not received all the information and explanations we require for our audit ; or ∙the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemption in preparing the Director's Report and from the requirement to prepare a Strategic Report. - 4 -
NEWFORMA EMEA LTD INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF NEWFORMA EMEA LTD Responsibilities of Director As explained more fully in the Director's Responsibilities Statement set out on page 1, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the director is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director intends either to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Based on our understanding of the Company and its industry, we considered that non-compliance with the following laws and regulations might have a material effect on the financial statements: employment regulation, health and safety regulation and anti-money laundering regulation. To help us identify instances of non-compliance with these laws and regulations, and in identifying and assessing the risks of material misstatement in respect to non-compliance, our procedures included, but were not limited to: ∙Inquiring of management and, where appropriate, those charged with governance, as to whether the company is in compliance with laws and regulations, and discussing their policies and procedures regarding compliance with laws and regulations; ∙Inspecting correspondence, if any, with relevant licensing or regulatory authorities; ∙Communicating identified laws and regulations to the engagement team and remaining alert to any indications of non-compliance throughout our audit; and ∙Considering the risk of acts by the company which were contrary to applicable laws and regulations, including fraud. We also considered those laws and regulations that have a direct effect on the preparation of the financial statements, such as tax legislation, pension legislation and the Companies Act 2006. - 5 -
NEWFORMA EMEA LTD INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF NEWFORMA EMEA LTD In addition, we evaluated the director's and management’s incentives and opportunities for fraudulent manipulation of the financial statements, including the risk of override of controls, and determined that the principal risks were related to posting manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates, in particular in relation to revenue recognition (which we pinpointed to the cut off assertion) and significant one-off or unusual transactions. Our audit procedures in relation to fraud included but were not limited to: ∙Making enquiries of the directors and management on whether they had knowledge of any actual, suspected or alleged fraud; ∙Gaining an understanding of the internal controls established to mitigate risks related to fraud; ∙Discussing amongst the engagement team the risks of fraud; and ∙Addressing the risks of fraud through management override of controls by performing journal entry testing. There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. Use of the audit report This report is made solely to the Company's members as a body in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members as a body for our audit work, for this report, or for the opinions we have formed. Maurice Hickey (Senior statutory auditor) for and on behalf of Forvis Mazars Chartered Accountants and Statutory Auditor Mayoralty House Flood Street Galway Ireland H91 P8PR 23 April 2026 - 6 -
NEWFORMA EMEA LTD STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2025
| 2025 | 2024
| £ | £
Turnover | 3,038,988 | 2,871,741
Cost of sales | (2,905,476) | (2,735,292)
Gross profit | 133,512 | 136,449
Administrative expenses | (65,748) | (80,796)
Operating profit and profit before tax | 67,764 | 55,653
Tax on profit | 3,100 | (17,716)
Profit for the year | 70,864 | 37,937
Other comprehensive income | - | -
Total comprehensive income for the year | 70,864 | 37,937
The Statement of Comprehensive Income has been prepared on the basis that all operations are continuing operations.
The notes on pages 10 to 17 form part of these financial statements.
- 7 -
NEWFORMA EMEA LTD REGISTERED NUMBER: 09745372 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 4 |  | 18,869 |  | 18,869
|  |  | 18,869 |  | 18,869
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 4,014,514 |  | 3,551,468 |
Cash and cash equivalents |  | 11,450 |  | 197,993 |
|  | 4,025,964 |  | 3,749,461 |
Creditors: amounts falling due within one year | 6 | (3,112,068) |  | (2,698,933) |
Net current assets |  |  | 913,896 |  | 1,050,528
Total assets less current liabilities |  |  | 932,765 |  | 1,069,397
Creditors: amounts falling due after more than one year | 7 |  | (179,028) |  | (386,524)
Net assets |  |  | 753,737 |  | 682,873
Capital and reserves |  |  |  |  |
Called up share capital | 8 |  | 1 |  | 1
Profit and loss account |  |  | 753,736 |  | 682,872
Total equity |  |  | 753,737 |  | 682,873
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 were approved and authorised for issue by the board and were signed on its behalf by:
K Murray
Director
Date: 23 April 2026
The notes on pages 10 to 17 form part of these financial statements. - 8 -
NEWFORMA EMEA LTD 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 | 1 | 644,935 | 644,936
Comprehensive income for the year |  |  |
Profit for the year | - | 37,937 | 37,937
Other comprehensive income for the year | - | - | -
Total comprehensive income for the year | - | 37,937 | 37,937
At 1 January 2025 | 1 | 682,872 | 682,873
Comprehensive income for the year |  |  |
Profit for the year | - | 70,864 | 70,864
Other comprehensive income for the year | - | - | -
Total comprehensive income for the year | - | 70,864 | 70,864
At 31 December 2025 | 1 | 753,736 | 753,737
| The notes on pages 10 to 17 form part of these financial statements.
- 9 -
NEWFORMA EMEA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Newforma EMEA Ltd is a private company limited by shares incorporated in England and Wales. The registered number of the Company is 09745372. The address of its registered office is 30 Old Bailey, London, United Kingdom, EC4M 7AU. The principal place of business address is WeWork New Kings Beam House, 22 Upper Ground, London SE1 9PD. The principal activity of Newforma EMEA Ltd (the 'Company') is to distribute and support building and infrastructure software. 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 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 financial statements have been presented in Pound Sterling as this is the currency of the primary economic environment in which the Company operates and is rounded to the nearest pound. The following principal accounting policies have been applied:
| 2.2 | Going concern
These financial statements have been prepared on a going concern basis. The director has reviewed the forecasts for the next 12 months from approval of these financial statements and considers there to be sufficient funds to continue to meet liabilities as they fall due. Accordingly, the director has a reasonable expectation that the Company will continue in operational existence and thus he adopts the going concern basis of accounting in preparing the financial statements.
| 2.3 | Exemption from preparing consolidated financial statements
The Company is the parent undertaking of a small group and as such is not required by Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the Company as an individual undertaking and not about its group. - 10 -
NEWFORMA EMEA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.4 | Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised: Rendering of services Turnover 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 turnover 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. Deferred income represents amounts invoiced or received in advance of the Company fulfilling its performance obligations. These amounts relate primarily to software licences, subscription services, maintenance contracts and professional services billed in advance. Where consideration is received before turnover recognition criteria are met, the amount is recorded as deferred income and recognised as turnover in the period in which the related services are provided or over the term of the licence or subscription, as applicable. Deferred income is released to the Statement of Comprehensive Income on a straight-line basis or based on the stage of completion, in line with the Company’s turnover recognition policy.
| 2.5 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.6 | 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.
| 2.7 | Cash and cash equivalents
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. - 11 -
NEWFORMA EMEA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.8 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.9 | Foreign currency translation
Functional and presentation currency The Company's functional and presentation 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. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss. All other foreign exchange gains and losses are presented in the Statement of Comprehensive Income. - 12 -
NEWFORMA EMEA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.10 | 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 reporting 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 reporting 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 reporting date. - 13 -
NEWFORMA EMEA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.11 | Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable. Financial assets Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is identified, an impairment loss is recognised in the Statement of Comprehensive Income. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and its recoverable amount, which is an estimate of the amount that the Company would receive for the asset if it were to be sold at the reporting date. Financial liabilities Basic financial liabilities, including trade and other payables are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a rate of interest. Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an 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.
3. | Employees
| There were no employees during the year other than the director of the Company (2024: 1 director).
- 14 -
NEWFORMA EMEA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. | Investments
|  | Investments in subsidiary companies
|  | £
| Cost |
| At 1 January 2025 | 18,869
| At 31 December 2025 | 18,869
| Net book value |
| At 31 December 2025 | 18,869
| At 31 December 2024 | 18,869
| Subsidiary undertakings
| The following were subsidiary undertakings of the Company:
| Name | Country of incorporation | Principal activity | Class of shares | Holding
| Newforma UK Ltd | England | Support function for other Newforma group entities | Ordinary | 100%
| Newforma Germany Gmbh | Germany | Building and infrastructure software | Ordinary | 100%
- 15 -
NEWFORMA EMEA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Debtors: amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 643,393 | 437,262
| Amounts owed by group undertakings | 3,370,785 | 3,112,316
| Prepayments | 336 | 1,890
|  | 4,014,514 | 3,551,468
| The amounts owed by group undertakings are unsecured, interest free and payable on demand.
6. | Creditors: amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 985,660 | 765,299
| Corporation tax | 16,941 | 3,436
| Other taxation and social security | 103,414 | 68,802
| Accruals and deferred income | 2,006,053 | 1,861,396
|  | 3,112,068 | 2,698,933
| The amounts owed to group undertakings are unsecured, interest free and repayable on demand.
7. | Creditors: amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Deferred income | 179,028 | 386,524
- 16 -
NEWFORMA EMEA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
8. | Called up share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2024: 100) ordinary shares of £0.01 each | 1 | 1
| The Company has one class of ordinary shares; each share carries full rights with respect to voting, dividends and distributions.
9. | Related party transactions
| The Company has taken advantage of the exemption from disclosing related party transactions undertaken between wholly owned members of the group that have been concluded under normal market conditions.
10. | Post balance sheet events
There have been no significant events affecting the Company since the year end.
11. | Controlling party
The immediate and ultimate parent company is Newforma Inc, a company incorporated in the United States. The address of their registered office is 1750 Elm Street, Floor 09, Manchester, NH 03104, USA. The ultimate controlling party is NF Holdco LP, a limited partnership incorporated in the United States. This is the largest undertaking for which the Company is a member and for which group financial statements are prepared, however these are non-statutory and are not publicly available.
- 17 -