REGISTERED NUMBER: 12180130 (England and Wales)

Audited Financial Statements for the Year Ended 28 February 2025

for

Singlestore Uk, Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D S Appleton

E A Lai

R Verma

REGISTERED OFFICE:

C/o Csc Cls (Uk) Limited 5 Churchill Pla

10th Floor

London

E14 5HU

REGISTERED NUMBER:

12180130 (England and Wales)

AUDITORS:

Brayan and Spencer Associates Limited

56 Guildford Street

Chertsey

England

KT16 9BE

FIXED ASSETS

Tangible assets

4

1,490

-

Investments

5

11,626

11,626

13,116

11,626

CURRENT ASSETS

Debtors

6

1,891,968

2,127,870

Cash at bank

389,308

107,599

2,281,276

2,235,469

CREDITORS

Amounts falling due within one year

7

186,422

708,054

NET CURRENT ASSETS

2,094,854

1,527,415

TOTAL ASSETS LESS CURRENT LIABILITIES

2,107,970

1,539,041

CAPITAL AND RESERVES

Called up share capital

1

1

Other reserves

533,556

347,995

Retained earnings

1,574,413

1,191,045

2,107,970

1,539,041

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2026 and were signed on its behalf by:

D S Appleton - Director

1.	STATUTORY INFORMATION

Singlestore Uk, Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

All amounts have been rounded to the nearest £1, unless otherwise indicated.

Turnover

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

The company is contracted by its parent company, SingleStore Inc, to deliver sales and marketing services under an informal arrangement. The company is remunerated by its parent for these services

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 3 year Straight Line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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 value of assets acquired and the future tax deductions available for them and the difference between the fair value 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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contribution into a separate entity. Once the contributions have been paid the company have 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 in the statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

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 ammortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price

Share based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-marketing vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each statement of financial position date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of option that eventually vest. Market vesting conditions are factored into the fair value of the options granted.The cumulative expense is not adjusted for failure to achieve a market vesting condition.

The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as target based on Index) or factors which are within the control of one or other of the parties (such as the company keeping the scheme open or the employee maintaining any contributions required by the scheme).

When the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.

Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2024 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

1,533

At 28 February 2025

1,533

DEPRECIATION

Charge for year

43

At 28 February 2025

43

NET BOOK VALUE

At 28 February 2025

1,490

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 March 2024

and 28 February 2025

11,626

NET BOOK VALUE

At 28 February 2025

11,626

At 29 February 2024

11,626

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Singlestore India Private Limited

Registered office: C-2 Block, Jankpuri, New Delhi, DL 110058 IN

Nature of business: Marketing support for its parent

%

Class of shares:

holding

Ordinary

99.00

Singlestore Ireland Limited

Registered office: First Floor, BLock One,Quayside Business park,Dundalkm Ireland, A91 DP8R

Nature of business: Marketing support of its parent

%

Class of shares:

holding

Ordinary

100.00

Singlestore Singapore PTE LTD

Registered office: 12 Tannery Road, 10-01, HB Centre 1, 347722

Nature of business: Marketing support of its parent

%

Class of shares:

holding

Ordinary

100.00

Singlestore Ukraine LLC

Registered office: Building 6, 19 Pyrogovskogo str., Kyiv, 03110, Ukraine

Nature of business: Marketing support of its parent

%

Class of shares:

holding

Ordinary

100.00

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Amounts owed by group undertakings

1,588,824

2,113,859

Other debtors

303,144

14,011

1,891,968

2,127,870

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade creditors

2,776

32,858

Taxation and social security

114,143

131,158

Other creditors

69,503

544,038

186,422

708,054

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Patanjali Sharma (Senior Statutory Auditor)

for and on behalf of Brayan and Spencer Associates Limited

9.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of scheme are held separately from those of the company in an independently administered funds. The pension cost charge represents contributions payable by the company to the fund and amounted to £71,389 (204: £53,102). Contributions totalling £13,588 (2024: £13,932) were payable to the fund at balance sheet date and are included in other creditors..

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102. The financial reporting standard applicable in the UK and Republic of Ireland' not to disclose related party transactions with wholly owned subsidiaries within the group. There were no other related party transactions during the period (2024: none).

11.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Singlestore Inc., a company incorporated in the United states of America. From 10 Sep 2025, the ultimate parent and ultimate controlling party is Vector Capital Management, L.P., a company incorporated in the united states of America.

The samllest group in which the results of the company are consolidated is that headed by SingleStore Inc., with its place of business at 534 4th Street, San Franciso, California 94107, United states of America.

12.	SHARE-BASED PAYMENT TRANSACTION

The company has taken the exemption provided in FRS 102 Section 1.12D not to disclose of share-based payment arrangements concerning equity instrument of anther group entity.