REGISTERED NUMBER: 05754142 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

EMPATHICA UK LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Directors:

Mr G Challburg

Mr J Lewis

Ms K Hutchinson Gerard

Secretary:

Vistra Cosec Limited

Registered office:

First Floor Templeback

10 Temple Back

Bristol

BS1 6FL

Registered number:

05754142 (England and Wales)

Auditors:

Fuller & Roper Limited

Chartered Accountants and Statutory Auditors

12 Old Mills Industrial Estate

Paulton

BS39 7SU

FIXED ASSETS

Intangible assets

4

-

6

Tangible assets

5

42,592

74,703

42,592

74,709

CURRENT ASSETS

Debtors

6

4,491,384

5,080,055

Cash at bank

101,898

42,259

4,593,282

5,122,314

CREDITORS

Amounts falling due within one year

7

(340,699

)

(454,061

)

NET CURRENT ASSETS

4,252,583

4,668,253

TOTAL ASSETS LESS CURRENT LIABILITIES

4,295,175

4,742,962

PROVISIONS FOR LIABILITIES

(139,031

)

(139,097

)

NET ASSETS

4,156,144

4,603,865

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

578,185

578,185

Retained earnings

3,577,859

4,025,580

SHAREHOLDERS' FUNDS

4,156,144

4,603,865

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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

Mr G Challburg - Director

1.	STATUTORY INFORMATION

Empathica UK Limited 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 Company's functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

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.

Turnover

Turnover is derived from the transfer pricing agreement in place.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intangible assets are being amortised evenly over its estimated useful like of ten years.

Tangible fixed assets

Tangible assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated losses.

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

Plant and machinery etc

- 33% on cost

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

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.

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.

Intercompany loans

Inter company loans are unsecured, interest free and repayable on demand.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 50 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

Cost

At 1 December 2023

and 30 November 2024

3,706

Amortisation

At 1 December 2023

3,700

Charge for year

6

At 30 November 2024

3,706

Net book value

At 30 November 2024

-

At 30 November 2023

6

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

Cost

At 1 December 2023

265,710

Additions

18,879

Disposals

(27,657

)

At 30 November 2024

256,932

Depreciation

At 1 December 2023

191,007

Charge for year

50,721

Eliminated on disposal

(27,388

)

At 30 November 2024

214,340

Net book value

At 30 November 2024

42,592

At 30 November 2023

74,703

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/24

30/11/23

£

£

Amounts owed by participating interests

4,009,393

4,718,705

Other debtors

47,994

-

Tax

2,859

-

VAT

9,725

3,007

Prepayments

421,413

358,343

4,491,384

5,080,055

Amounts owed by participating interests are unsecured, interest free and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/24

30/11/23

£

£

Trade creditors

65,262

24,287

Other creditors

84,482

99,260

Accrued expenses

190,955

330,514

340,699

454,061

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30/11/24

30/11/23

£

£

Within one year

23,890

23,890

Between one and five years

-

107,027

23,890

130,917

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

The Report of the auditors was unqualified.

Simon Roper (Senior Statutory Auditor)

for and on behalf of Fuller & Roper Limited

10.	RELATED PARTY DISCLOSURES

The Company has taken advantage of the exemption under FRS 102 section 33.1A as a qualifying entity from disclosing related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is a wholly owned be a member of that group.

11.	POST BALANCE SHEET EVENTS

In May 2025, the group of companies of which Empathica UK Limited is a member, was acquired by Press Ganey Associates LLC.

12.	ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is Empathica Inc., a company registered in Canada.

The ultimate parent undertaking and ultimate controlling party is Azalea Parent Holdings LP, a Delaware Limited Partnership, registered in the United States of America, with Azalea GP LLC as its general partner.

The consolidated financial statements of the group are prepared by Azalea Topco Inc., whose registered office is 1173 Ignition Dr, South Bend, IN 4660, United States.