ACCOUNTS - Final Accounts

Registered number: 09766488 (England and Wales)

APR EUROPE LIMITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025


APR EUROPE LIMITED

COMPANY INFORMATION

Director	J Gibbs


Registered number	09766488


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


Independent auditors	ZEDRA Audit & Assurance (UK) Limited


APR EUROPE LIMITED

CONTENTS

	Page
Balance Sheet	1
Notes to the Financial Statements	2 - 5


APR EUROPE LIMITED REGISTERED NUMBER:09766488

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	5	1,553,117		1,425,049
Bank and cash balances		58,366		169,445
		1,611,483		1,594,494
Creditors: amounts falling due within one year	6	(102,412)		(173,728)
Net current assets			1,509,071		1,420,766
Total assets less current liabilities			1,509,071		1,420,766

Net assets			1,509,071		1,420,766

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		1,508,971	1,420,666
		1,509,071	1,420,766

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:

J Gibbs

Director

Date: 16 July 2026

The notes on pages 2 to 5 form part of these financial statements.

Page 1


APR EUROPE 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 2).

The following principal accounting policies have been applied:

1.2

Going concern

At the year end the Company is in a net asset position. Despite being in a net asset position, the Company remains reliant on continued support from its parent company, APR Consulting Co., LLC by way of intercompany recharges and group revenue contracts. The Company has received written confirmation from its parent company that it will continue to provide financial support to the Company for a period of at least 12 months from the date of signing these financial statements. For this reason, the director continues to adopt the going concern basis in preparing these financial statements.

1.3

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.
Rendering of services
The Company generates turnover from a number of service contracts held with both direct customers and the parent company. Turnover generated from direct customers is recognised in line with the period in which the service is provided. Turnover generated from the parent company is recognised based on a calculation of both resources spent and time worked by employees of the Company.
In relation to all contracts, the following criteria must also be met before turnover is recognised:

∙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.

Page 2


APR EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.Accounting policies (continued)

1.4

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.

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

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.

1.7

Debtors

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

1.8

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 held on deposit by service providers is included within bank and cash balances, as these amounts are highly liquid and repayable without penalty on notice of not more than 24 hours.

Page 3


APR EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.Accounting policies (continued)

1.9

Creditors

Short-term creditors are measured at the transaction price.

2.	Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and recorded amounts of assets, liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form a basis for making judgements about the carrying value of assets and liabilities that are not readily apparent from other sources.
Completion of revenue contracts
The Company earns revenue in line with project contracts entered into with customers. The completion of projects are based on certain milestones and, therefore, at the stages of the project between milestones being reached management are required to estimate the amount of revenue to recognise based on the deemed progress of the project. Variances between amounts deemed earned and amounts billed are then recognised within accrued or deferred income. These judgements could have a material effect on the amount of revenue recognised in the year, and the value of deferred and accrued revenue recognised at the year end.

3.	Auditors' information

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

The audit report was signed on 11 August 2026 by Adam Wildbore FCCA (Senior Statutory Auditor) on behalf of ZEDRA Audit & Assurance (UK) Limited.

Employees

The average monthly number of employees during the year was 3 (2024 - 5).

Page 4


APR EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Debtors

					2025	2024
					£	£


Trade debtors	247,820	279,274
Amounts owed by group undertakings	1,190,014	998,958
Other debtors	7,171	3,977
Prepayments and accrued income	27,780	142,840
Tax recoverable	80,332	-
	1,553,117	1,425,049

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

Trade creditors	30,066	26,864
Corporation tax	-	45,087
Other taxation and social security	44,564	25,224
Other creditors	550	8,193
Accruals and deferred income	27,232	68,360
	102,412	173,728

7.	Share capital
		2025	2024
		£	£

Allotted, called up and partly paid

100 (2024 - 100) Ordinary shares of £1.00 each	100	100

8.	Controlling party

APR Consulting Co., LLC is the parent 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 1001 Bannock St, Unit 526, Denver CO 80204.

9.	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