Acorah Software Products - Accounts Production 15.0.500 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 10999086 Mr Andrés CERISOLA CARDOSO Mr Martín NAOR COSTA Mr Diego Serebrisky Mr Matias Lanus iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10999086 2022-12-31 10999086 2023-12-31 10999086 2023-01-01 2023-12-31 10999086 frs-core:CurrentFinancialInstruments 2023-12-31 10999086 frs-core:Non-currentFinancialInstruments 2023-12-31 10999086 frs-core:NetGoodwill 2023-12-31 10999086 frs-core:NetGoodwill 2023-01-01 2023-12-31 10999086 frs-core:NetGoodwill 2022-12-31 10999086 frs-core:SharePremium 2023-12-31 10999086 frs-core:ShareCapital 2023-12-31 10999086 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10999086 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10999086 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10999086 frs-bus:SmallEntities 2023-01-01 2023-12-31 10999086 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10999086 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10999086 frs-core:UnlistedNon-exchangeTraded 2023-12-31 10999086 frs-core:UnlistedNon-exchangeTraded 2022-12-31 10999086 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 10999086 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 10999086 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 10999086 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 10999086 frs-bus:Director1 2023-01-01 2023-12-31 10999086 frs-bus:Director2 2023-01-01 2023-12-31 10999086 frs-bus:Director3 2023-01-01 2023-12-31 10999086 frs-bus:Director4 2023-01-01 2023-12-31 10999086 frs-countries:EnglandWales 2023-01-01 2023-12-31 10999086 2021-12-31 10999086 2022-12-31 10999086 2022-01-01 2022-12-31 10999086 frs-core:CurrentFinancialInstruments 2022-12-31 10999086 frs-core:Non-currentFinancialInstruments 2022-12-31 10999086 frs-core:SharePremium 2022-12-31 10999086 frs-core:ShareCapital 2022-12-31 10999086 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 10999086
Bankingly Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10999086
2023 2022
Notes $ $ $ $
FIXED ASSETS
Investments 5 2,450,151 2,450,151
2,450,151 2,450,151
CURRENT ASSETS
Debtors 6 10,812,000 7,892,000
Investments 7 2,746,903 3,289,506
Cash at bank and in hand 533,741 263,410
14,092,644 11,444,916
Creditors: Amounts Falling Due Within One Year 8 - (3,021 )
NET CURRENT ASSETS (LIABILITIES) 14,092,644 11,441,895
TOTAL ASSETS LESS CURRENT LIABILITIES 16,542,795 13,892,046
Creditors: Amounts Falling Due After More Than One Year 9 (151 ) (151 )
NET ASSETS 16,542,644 13,891,895
CAPITAL AND RESERVES
Called up share capital 10 292,092 268,025
Share premium account 16,648,302 14,097,797
Profit and Loss Account (397,750 ) (473,927 )
SHAREHOLDERS' FUNDS 16,542,644 13,891,895
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Martín NAOR COSTA
Director
04/06/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bankingly Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10999086 . The registered office is 5 New Street Square, , London, EC4A 3TW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in US dollars which is the functional currency of the company.
2.2. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 1 year.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 0 NIL (2022: NIL)
- -
4. Intangible Assets
Goodwill
$
Cost
As at 1 January 2023 108,204
As at 31 December 2023 108,204
Amortisation
As at 1 January 2023 108,204
As at 31 December 2023 108,204
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Investments
Unlisted
$
Cost
As at 1 January 2023 2,450,151
As at 31 December 2023 2,450,151
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 2,450,151
As at 1 January 2023 2,450,151
Page 3
Page 4
Thecompany holds more than 20% of the share capital of the following companies:
Name: BANKINGLY S.A.
Place of incorporation: Uruguay
Proportion of ownership interest and voting power held %: 100%
Name: BANKINGLY INC.
Place of incorporation: USA
Proportion of ownership interest and voting power held %: 100%
Name: BANKINGLY SRL de CV
Place of incorporation: Mexico
Proportion of ownership interest and voting power held %: 99%
The investments in subsidiaries are all stated at cost
6. Debtors
2023 2022
$ $
Due within one year
Amounts owed by subsidiaries 10,812,000 7,892,000
7. Current Asset Investments
2023 2022
$ $
Unlisted investments 2,746,903 3,289,506
8. Creditors: Amounts Falling Due Within One Year
2023 2022
$ $
Trade creditors - 3,021
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
$ $
Amounts owed to related parties 151 151
10. Share Capital
2023 2022
$ $
Allotted, Called up and fully paid 292,092 268,025
11. Related Party Transactions
Bankingly Ltd. maintained the following balances with related parties:
Bankingly INC.
Subsidiary
Amounts owed U$S 630,000, Investments U$S 1,337,000
Bankingly S.A.
Subsidiary
Amounts owed U$S 10,182,000, Investments U$S 1,113,000
Page 4