| Unravel Data Systems UK Ltd |
| Notes to the Accounts |
| for the year ended 31 January 2026 |
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| 1 |
Accounting policies |
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Accounting convention |
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These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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.
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The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1. |
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The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. |
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Going concern |
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The company is dependent upon the continued support from its parent company, Unravel Data Systems Inc. who have provided a written confirmation of their willingness to provide continued financial support to the company for the foreseeable future, defined as at least 12 months from the date of signing the Unravel Data Systems UK Ltd financial statements for the year ended 31 January 2026.
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Subsequent to the year end, the directors have decided to restructure operations, resulting in a significant reduction in headcount, whilst retaining the company's intellectual property for future use. |
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Turnover |
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The turnover recognised represents amounts received or receivable for services provided to the parent company during the period, for the provision of sales and marketing support, and is shown net of VAT and other sales related taxes. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Computers |
33.33% straight line |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss. |
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Cash and cash equivalents |
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Cash and cash equivalents are basic financial instruments and include cash in hand and deposits held at call with banks. |
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Financial instruments |
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The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments. |
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Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. |
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Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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. |
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Basic financial assets |
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Basic financial assets, which include other debtors, cash and bank balances and amounts owed by group undertakings, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest. |
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Classification of financial instruments |
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Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
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Basic financial liabilities |
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Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. |
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Equity instruments |
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Equity instruments issued by the company are recorded at the fair value of proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company. |
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Taxation |
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The tax expense represents the sum of the current tax expense and deferred tax expense. Current tax assets are recognised when tax paid exceeds the tax payable. |
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Current and deferred tax is charged or credited to profit or loss, except when it relates to items charged or credited to other comprehensive income or equity, when the tax follows the transaction or event it relates to and is also charged or credited to other comprehensive income, or equity. |
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Current tax assets and current tax liabilities and deferred tax assets and deferred tax liabilities are offset, if and only if, there is a legally enforceable right to set off the amounts and the entity intends either to settle on the net basis or to realise the asset and settle the liability simultaneously. |
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Current tax is based on taxable profit for the year. Current tax assets and liabilities are measured using tax rates that have been enacted or substantively enacted by the reporting date. |
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Taxation continued |
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Deferred tax is calculated at the tax rates that are expected to apply to the period when the asset is realised or the liability is settled based on tax rates that have been enacted or substantively enacted by the reporting date. |
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Deferred tax liabilities are recognised in respect of all timing differences that exist at the reporting date. Timing differences are differences between taxable profits and total comprehensive income that arise from the inclusion of income and expenses in tax assessments in different periods from their recognition in the financial statements. Deferred tax assets are recognised only to the extent that it is probable that they will be recovered by the reversal of deferred tax liabilities or other future taxable profits. |
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Employee benefits |
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The costs of short-term employee benefits are recognised as a liability and an expense. |
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The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. |
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Share-based payments |
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The company participates in a share-based payment arrangement granted to its employees by the immediate parent company. The company has elected to recognise and measure its share-based payment expense on the basis of a reasonable allocation of the expense for the group recognised in the group's consolidated financial statements. The directors consider the number of unvested options granted to the company’s employees compared to the total unvested options granted under the group plan to be a reasonable basis for allocating the expense. |
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Foreign exchange |
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Transactions in currencies other than the functional currency (foreign currency) are initially recorded at the exchange rate prevailing on the date of the transaction. |
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Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the reporting date. Non-monetary assets and liabilities denominated in foreign currencies are translated at the rate ruling at the date of the transaction, or, if the asset or liability is measured at fair value, the rate when that fair value was determined. |
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All translation differences are taken to profit or loss, except to the extent that they relate to gains or losses on non-monetary items recognised in other comprehensive income, when the related translation gain or loss is also recognised in other comprehensive income. |
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Pensions |
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The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
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| 2 |
Employees and directors |
2026 |
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2025 |
| Number |
Number |
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Average number of directors and persons employed by the company |
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3 |
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3 |
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| 3 |
Tangible fixed assets |
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Computers |
| £ |
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Cost |
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At 1 February 2025 |
20,552 |
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Disposals |
(14,471) |
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At 31 January 2026 |
6,081 |
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Depreciation |
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At 1 February 2025 |
18,037 |
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Charge for the year |
1,929 |
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On disposals |
(14,471) |
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At 31 January 2026 |
5,495 |
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Net book value |
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At 31 January 2026 |
586 |
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At 31 January 2025 |
2,515 |
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| 4 |
Debtors: amounts falling due within one year |
2026 |
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2025 |
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£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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562,067 |
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609,319 |
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Other debtors |
336 |
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1,824 |
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562,403 |
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611,143 |
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| 5 |
Creditors: amounts falling due within one year |
2026 |
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2025 |
| £ |
£ |
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Accruals |
22,042 |
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45,157 |
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Corporation tax |
5,893 |
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25,100 |
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Other taxes and social security costs |
16,362 |
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42,906 |
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Other creditors |
16,125 |
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5,644 |
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60,422 |
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118,807 |
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| 6 |
Financial commitments, guarantees and contingent liabilities |
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At the year there was a fixed charge over the cash balance of the company and the amount secured was £100,000 (2025: £102,350). |
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| 7 |
Parent company |
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The company is a wholly owned subsidiary of Unravel Data Systems, Inc. Group accounts are prepared by this parent company. Copies of the parent company's consolidated financial statements may be obtained from 1111 W El Camino Real, Suite 133-305, Sunnyvale, CA 94087, United States. |
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| 8 |
Other information |
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Unravel Data Systems UK Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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Fieldfisher |
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Riverbank House |
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2 Swan Lane |
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London |
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EC4R 3TT |
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| 9 |
Auditors' information |
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The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified.
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The audit report was signed on |
23/09/2026 |
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by Sam McManners (Senior statutory auditor) on behalf of |
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TTCA Ltd Chartered Accountants and Statutory Auditors. |