ACCOUNTS - Final Accounts

Registered number: 14974905 (England and Wales)

A5 EMEA LTD

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025


A5 EMEA LTD

COMPANY INFORMATION

Directors	P J Alfrejd
	V S Kruttiventi


Company secretary	ZEDRA COSEC (UK) Limited


Registered number	14974905


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


Independent auditor	ZEDRA Audit & Assurance (UK) Limited


A5 EMEA LTD

CONTENTS

	Page
Balance Sheet	1
Notes to the Financial Statements	2 - 6


A5 EMEA LTD REGISTERED NUMBER:14974905

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		8,938		8,794
			8,938		8,794
Current assets
Debtors: amounts falling due within one year	5	1,438,550		715,903
Cash at bank and in hand		59,958		182,545
		1,498,508		898,448
Creditors: amounts falling due within one year	6	(1,645,019)		(1,150,804)
Net current liabilities			(146,511)		(252,356)
Total assets less current liabilities			(137,573)		(243,562)

Net liabilities			(137,573)		(243,562)

Capital and reserves
Called up share capital	7	1	1
Profit and loss account		(137,574)	(243,563)
		(137,573)	(243,562)

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:

P J Alfrejd

Director

Date: 16 June 2026

The notes on pages 2 to 6 form part of these financial statements.

Page 1


A5 EMEA LTD

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 previous reporting period was a long period of 18 months and for this reason the prior year results are not entirely comparable.

The following principal accounting policies have been applied:

1.2

Going concern

On 31 March 2026, the entire share capital of the Company was acquired as part of a wider restructure. The directors have given their intention to wind up the affairs of the Company and as such they do not consider the going concern basis to be appropriate. Therefore, the financial statements have been prepared on a basis other than going concern. The trade and assets of the Company are in the process of being transferred to another group entity, however the formal liquidation process has not yet commenced.

1.3

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.

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.

Page 2


A5 EMEA LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.Accounting policies (continued)

1.4

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:

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.

1.5

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.

1.6

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, using the straight-line method.

The estimated useful lives range as follows:

Computer equipment

years

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.

Page 3


A5 EMEA LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.Accounting policies (continued)

1.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Amounts owed by group undertakings are intercompany loans measured at cost. These loans are unsecured, interest free and repayable on demand.

1.8

Creditors

Short-term creditors are measured at the transaction price. Amounts owed to group undertakings are intercompany loans measured at cost. These loans are unsecured, interest free and repayable on demand.

2.	Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2025 was unqualified.

The audit report was signed on 18 June 2026 by Adam Wildbore FCCA (Senior Statutory Auditor) on behalf of ZEDRA Audit & Assurance (UK) Limited.

The auditors drew attention to note 1.2 to these accounts which indicates that the directors do not consider it appropriate to adopt the going concern basis of accounting.

Employees

The average monthly number of employees, including directors, during the year was 17 (2024 - 11).

Page 4


A5 EMEA LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	At 1 January 2025	15,739
	Additions	6,376
	At 31 December 2025	22,115
	Depreciation
	At 1 January 2025	6,945
	Charge for the year on owned assets	6,232
	At 31 December 2025	13,177
	Net book value
	At 31 December 2025	8,938
	At 31 December 2024	8,794

Debtors

					2025	2024
					£	£


Trade debtors	1,362,853	697,314
Amounts owed by group undertakings	75,612	-
Prepayments and accrued income	85	18,589
	1,438,550	715,903

Page 5


A5 EMEA LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

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

Trade creditors	53,894	17,316
Amounts owed to group undertakings	1,169,241	819,388
Other taxation and social security	305,450	204,017
Other creditors	-	8,910
Accruals and deferred income	116,434	101,173
	1,645,019	1,150,804

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1 (2024 - 1) Ordinary share of £1.00	1	1

8.	Controlling party

Accordion Partners Holdings LLC is the parent company of the smallest group for which consolidated financial statements are drawn up of which the Company is a member. The registered office of the parent company is One Vanderbilt Avenue, 24th Floor, New York, NY 10017, United States.

9.	Post balance sheet events

On 31 March 2026 the entire share capital of the Company was acquired by Accordion Partners UK Ltd as part of a wider group restructure. As a result of this acquisition, the trade and assets of the Company are in the process of being transferred to another group entity, however the formal liquidation process has not yet commenced. This is an adjusting event, and the disclosure has been ammended accordingly in note 1.2 to these financial statements.
There were no other adjusting or non-adjusting events occurring between the end of the reporting period and the date these financial statements were approved.

Page 6