ACCOUNTS - Final Accounts preparation

Creditors: amounts falling due after more than one year

Registered number: 15561543

GREENSTEP HOLDING UK LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2026

GREENSTEP HOLDING UK LIMITED

REGISTERED NUMBER: 15561543

STATEMENT OF FINANCIAL POSITION

AS AT 31 MAY 2026

		2026		2025
Note		£		£

Current assets
Debtors	4	34,513		30,159
Bank and cash balances		80,072		116,858
		114,585		147,017
Creditors: amounts falling due within one year	5	(755,181)		(33,538)
Net current (liabilities)/assets			(640,596)		113,479
Creditors: amounts falling due after more than one year			-		(494,765)
Net liabilities			(640,596)		(381,286)

Capital and reserves
Called up share capital	7	20	20
Profit and loss account		(640,616)	(381,306)
		(640,596)	(381,286)

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:

................................................

T Teir

Director

Date: 1 October 2026

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

Page 1

GREENSTEP HOLDING UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

1.	General information

Greenstep Holding UK Limited is a private company, limited by shares, incorporated and registered in England and Wales. The company's registered number is 15561543 and registered office address is 10 Queen Street Place, London, United Kingdom, EC4R 1AG.

The company's principal activity is software consultancy.

2.Accounting policies

2.1

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and 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 following principal accounting policies have been applied:

2.2

Going concern

Prior to the reporting date, the Directors have implemented the decision to cease trading as a result of a wider group restructure that is taking place. The Directors believe it is no longer appropriate to prepare the financial statements on a going concern basis.

The financial statements have been prepared on a basis other than that of going concern which includes assessing the net realisable value of the assets of the company and the fair values of the liabilities.

The financial statements do not include any provision for the future costs of ceasing the business except to the extent that such costs were committed at the balance sheet date. All assets and liabilities are disclosed as due within one year.

2.3

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 except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 2

GREENSTEP HOLDING UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

2.Accounting policies (continued)

2.4

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.

2.5

Operating leases: the Company as lessee

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

2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.7

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.8

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

2.9

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

Page 3

GREENSTEP HOLDING UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

2.Accounting policies (continued)

2.10

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.

2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 4 (2025 - 4).

Debtors

					2026	2025
					£	£

Trade debtors	27,835	4,635
Amounts owed by group undertakings	-	17,920
Other debtors	6,678	7,604
	34,513	30,159

5.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Capital loans	505,373	-
Trade creditors	1,446	2,124
Amounts owed to group undertakings	222,482	3,920
Other taxation and social security	-	6,681
Other creditors	-	1,532
Accruals and deferred income	25,880	19,281
	755,181	33,538

The capital loan is from a group undertaking. The loan is due within ten years with interest charged annually at 2% per annum.

Page 4

GREENSTEP HOLDING UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

Capital loans	-	494,765
	-	494,765

The capital loan is from a group undertaking. The loan is due within ten years with interest charged annually at 2% per annum.

7.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

1,000 (2025 - 1,000) Ordinary A Shares shares of £0.01000 each	10	10
1,000 (2025 - 1,000) Ordinary B Shares shares of £0.01000 each	10	10

	20	20

Each A Ordinary share carries 10 votes at any general meeting. In respect of dividends and distributions of share capital, each share entitles the holder to a proportionate share based on the number of A Ordinary shares in issue.

Each B Ordinary share carries 1 vote at any general meeting. In respect of dividends and distributions of share capital, each share entitles the holder to a proportionate share based on the number of B Ordinary shares in issue.

8.	Pension commitments

The company operated a defined contributions pension scheme. During the period the Company made contributions totalling £10,575 (2025: £3,327). At the year-end, pensions payable totalled £nil (2025: £nil).

9.	Related party transactions
	As permitted by Section 33 of FRS 102, the Company has taken advantage of the exemption from disclosing related party transactions with other wholly-owned members of the group.

10.	Controlling party

The ultimate parent company and ultimate controlling party is the Greenstep Oy, by virtue of the majority shareholding in the company.

Page 5

GREENSTEP HOLDING UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

11.	Auditor's information

The auditor's report on the financial statements for the year ended 31 May 2026 was unqualified.

The audit report was signed on 2 October 2026 by William Winstone (Senior Statutory Auditor) on behalf of HaysMac LLP.

Page 6