Ubiquity Global Services UK Ltd

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

1. General Information

Ubiquity Global Services UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14193718 . The registered office is Suite 1.03 , 25 Wilton Road, London, United Kingdom, SW1V 1LW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The company has early adopted FRS 102 (revised September 2024) in full with effect from 1 August 2025 (the commencement date of its only material contract and lease). As the company had no existing leases or long-term customer contracts recognised under the previous version of FRS 102 at its prior period end, no transitional adjustment to opening equity is required. There is no restatement of comparative information.

All sections of the revised standard have been adopted simultaneously, including Section 20 (Leases) and Section 23 (Revenue from Contracts with Customers). No section has been adopted in isolation.

2.2. Turnover

The company recognises revenue in accordance with the five-step model set out in Section 23 of FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (September 2024).

Revenue is measured at the amount of consideration the company expects to be entitled to in exchange for transferring promised services to a customer, excluding amounts collected on behalf of third parties.The company provides support services (including contact centre services) to its parent company under a subcontracting arrangement. These services represent a series of substantially similar performance obligations satisfied over time, as the customer simultaneously receives and consumes the benefit of the services as they are performed.

Revenue is recognised over the period in which services are rendered. The transaction price is determined on a cost-plus basis (direct operating costs plus a mark-up of five percent), estimated using the most likely amount. Where a year-end true-up adjustment is required to reconcile monthly fees to actual costs incurred, this is recognised in the period in which the right to additional consideration, or the obligation to refund consideration, is established.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Right of Use	over the lease perod of 6 years
Plant & Machinery	straight line basis over 6 years

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Taxation

Taxation represents the sum of tax currently payable and deferred tax.

The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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Ubiquity Global Services UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.7. Leases

At the commencement date of a lease, the company recognises a right-of-use asset and a lease liability.

The lease liability is measured at the present value of future lease payments discounted at the incremental borrowing rate where the implicit rate is not determinable. The lease liability is subsequently increased by finance charges (calculated on the effective interest method) and reduced by payments made.

The right-of-use asset is measured at cost (being the initial lease liability, adjusted for any prepayments, direct costs and incentives) and depreciated on a straight-line basis over the lease term.

Right-of-use assets are presented within tangible fixed assets; lease liabilities are presented within creditors split between amounts due within one year and amounts due after one year.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Tangible Assets

	Land & Property
	Right of Use	Plant & Machinery	Total
	£	£	£
Cost
As at 1 January 2025	-	-	-
Additions	340,663	8,000	348,663

As at 31 December 2025	340,663	8,000	348,663

Depreciation
As at 1 January 2025	-	-	-
Provided during the period	23,657	556	24,213

As at 31 December 2025	23,657	556	24,213

Net Book Value
As at 31 December 2025	317,006	7,444	324,450

As at 1 January 2025	-	-	-

5. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by group undertakings	610,911	-
Other debtors	61,768	237,173

	672,679	237,173
Due after more than one year
Other debtors	239,191	182,333

	911,870	419,506

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Ubiquity Global Services UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	(1 )	7,224
Other taxes and social security	9,606	10,840
Other creditors	257	1,394
Accruals and deferred income	11,730	4,200
Lease liability	69,584	-

	91,176	23,658

The lease liability relates to office premises at 33-35 Fargate, Sheffield, held under a lease expiring 31 July 2031. The incremental borrowing rate applied is 6.08% per annum.

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Lease liability.	260,003	-
Amounts owed to group undertakings	1,611,713	946,327

	1,871,716	946,327

The lease liability relates to office premises at 33-35 Fargate, Sheffield, held under a lease expiring 31 July 2031. The incremental borrowing rate applied is 6.08% per annum.

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Pension Commitments

The company operates a defined contribution pension scheme for its directors. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £257 were due to the fund. They are included in Other Creditors.

10. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Ubiquity Global Services Inc . Ubiquity Global Services Inc was incorporated in USA. Copies of the group accounts may be obtained from the secretary, 1140 Avenue Of The Americas, Suite 1601, New York, Ny, United States, 10036 .

11. Going Concern

As at 31 December 2025, the company reported a net liability position of £711,066 (2024: £547,208). The directors have assessed the company’s ability to continue as a going concern and have considered various factors, including the company's cash flow forecasts and financial support from its parent company.

The directors acknowledge the significant increase in the net liability position compared to the previous year. However, after making appropriate enquiries and reviewing the company's financial forecasts for a period of at least 12 months from the date of approval of these financial statements, the directors are confident that the company will have adequate resources to meet its obligations as they fall due. The directors believe that appropriate actions have being taken, and therefore, the financial statements have been prepared on the going concern basis.

...CONTINUED

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Ubiquity Global Services UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

12. Audit Information

The auditor's report on the accounts of Ubiquity Global Services UK Ltd for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Jay Chatwani (Senior Statutory Auditor) for and on behalf of Lawrence & Co , Statutory Auditor.

Lawrence & Co

Unit 205, Cervantes House

5-9 Headstone Road

Harrow

HA1 1PD

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		324,450		-

			324,450		-
CURRENT ASSETS
Debtors	5	911,870		419,506
Cash at bank and in hand		15,506		3,271

		927,376		422,777
Creditors: Amounts Falling Due Within One Year	6	(91,176 )		(23,658 )

NET CURRENT ASSETS (LIABILITIES)			836,200		399,119

TOTAL ASSETS LESS CURRENT LIABILITIES			1,160,650		399,119

Creditors: Amounts Falling Due After More Than One Year	7		(1,871,716 )		(946,327 )

NET LIABILITIES			(711,066 )		(547,208 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(711,166 )		(547,308 )

SHAREHOLDERS' FUNDS			(711,066)		(547,208)