REGISTERED NUMBER: 16524236 (England and Wales)

Exadel UK Ltd

Financial Statements for the Period 17th June 2025 to 31st December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C Bailey

L Gammons

REGISTERED OFFICE:

Regent's Court

Princess Street

Hull

HU2 8BA

REGISTERED NUMBER:

16524236 (England and Wales)

AUDITORS:

Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Tangible assets

4

6,772

CURRENT ASSETS

Debtors

5

28,921

Cash at bank

24,503

53,424

CREDITORS

Amounts falling due within one year

6

74,037

NET CURRENT LIABILITIES

(20,613

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(13,841

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(13,941

)

(13,841

)

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 20th October 2026 and were signed on its behalf by:

C Bailey - Director

1.	STATUTORY INFORMATION

Exadel 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.

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.

Going Concern

The company incurred a loss during the period and had net liabilities at 31 December 2025. The directors have considered the company's future trading forecasts together with the continuing financial support available from its ultimate parent undertaking, Exadel Inc. On this basis, the directors are satisfied that the company will be able to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of these financial statements and have therefore prepared the financial statements on a going concern basis.

Turnover

Turnover represents the fair value of consideration receivable for consultancy, software development and related services, net of value added tax and trade discounts. Revenue is recognised as services are provided to customers and, where applicable, by reference to the stage of completion of contract activity at the reporting date.

Tangible fixed assets

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

Plant and machinery etc

-

Straight line over 3 years

Taxation

Taxation for the period 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 period end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

7,647

At 31st December 2025

7,647

DEPRECIATION

Charge for period

875

At 31st December 2025

875

NET BOOK VALUE

At 31st December 2025

6,772

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

6,126

Other debtors

22,795

28,921

Amounts owed by group undertakings are repayable on demand.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

190

Trade creditors

3,313

Amounts owed to group undertakings

12,487

Taxation and social security

25,174

Other creditors

32,873

74,037

Amounts owed to group undertakings are repayable on demand.

7.	DEFERRED TAX

£

Provided during period

(6,126

)

Balance at 31st December 2025

(6,126

)

The deferred tax asset recognised at the period end relates to tax losses carried forward which the directors consider are likely to be recovered against future taxable profits.

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

The Report of the Auditors was unqualified.

William Cowell FCA (Senior Statutory Auditor)

for and on behalf of Smailes Goldie

9.	POST BALANCE SHEET EVENTS

Subsequent to the period end, the company acquired the entire share capital of Tangent Marketing Services Holdco Limited and its subsidiaries. As the transaction occurred after the reporting date, no adjustment has been made to these financial statements. The directors consider the acquisition to be a non-adjusting post balance sheet event.

10.	ULTIMATE PARENT COMPANY

The company's immediate and ultimate parent undertaking is Exadel Inc, a company incorporated in the United States of America, whose registered office is 101 Kennedy Blvd, Suite 2320, Tampa, Florida, FL33602.The company is included within the consolidated financial statements of Exadel Inc and its consolidated financial statements are available from its registered office address.