Company registration number 07467967 (England and Wales)
TRADERIVER (UK) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
TRADERIVER (UK) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
Notes to the financial statements
3 - 12
TRADERIVER (UK) LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
4
103,637
109,588
Tangible assets
5
6,155
6,337
109,792
115,925
Current assets
Debtors
6
2,848,544
2,665,215
Cash at bank and in hand
77,382
105,344
2,925,926
2,770,559
Creditors: amounts falling due within one year
7
(2,500,354)
(689,043)
Net current assets
425,572
2,081,516
Total assets less current liabilities
535,364
2,197,441
Creditors: amounts falling due after more than one year
8
(5,896,819)
(5,853,081)
Net liabilities
(5,361,455)
(3,655,640)
Capital and reserves
Called up share capital
10
522,647
522,647
Other reserves
1,596,731
1,667,655
Profit and loss reserves
11
(7,480,833)
(5,845,942)
Total equity
(5,361,455)
(3,655,640)
TRADERIVER (UK) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -

For the financial year ended 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 29 October 2024 and are signed on its behalf by:
R  Fossett
Director
Company registration number 07467967 (England and Wales)
TRADERIVER (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information

TradeRiver (UK) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 100 Liverpool Street, London, EC2M 2AT.

1.1
Accounting convention

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.

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 £.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

As at 31 December 2023, the company has net liabilities of £5,361,455 (2022: £3,655,640).true

 

The company and its subsidiary TradeRiver Capital Limited is controlled by Gemini Fintech Limited. The ultimate controlling party is Noble Investment Group LLC. The parent and ultimate controlling company have both demonstrated their commitment to supporting the subsidiaries' financial stability. The parent and ultimate parent company provide financial resources, strategic guidance, and access to additional funding if needed. This support both enhances the company's ability to meet its financial obligations as they fall due and also to pursue growth opportunities.

 

The directors actively monitor the company's financial performance, cash flow projections, and adherence to the terms of loan covenants. This ensures that the company fulfils its reporting obligations and maintains a positive working relationship with its lenders.

 

Any adverse changes in the business's operations, such as a significant decline in revenues or failure to meet the group's loan covenants, could potentially impact its ability to access the loan facility. The directors have carried out sensitivity analysis and scenario planning to assess the potential risks associated with changes in key assumptions in the financial forecast that could affect the ability to continue as a going concern. However, the directors are confident in the company's ability to address challenges, adapt to changing circumstances and secure the support from the ultimate parent company when required. The directors remain confident in their ability to generate sufficient cashflows from operations, implement cost efficiency measures, and pursue growth opportunities to meet the group's financial obligations. The directors are making ongoing efforts to diversify revenue streams, expand the customer base, and enhance operational efficiencies further to support the sustainability of the business.

 

TRADERIVER (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -
1.3
Turnover

Revenue represents amounts receivable for interest, fees and commissions earned from the provision of trade finance, net of rebates, and is accrued at its effective interest rate over the duration of the period from the date that the customer receives the trade finance to the date of expiry of the agreed credit terms. Late payment charges receivable on overdue sales invoices are accrued in accordance with the underlying agreements with customers.

 

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Interest income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding and the effective interest rate applicable.

 

Insurance income, bad and doubtful debt provisions:

From June 2022, insurance income is derived from insurance claims received by the company on behalf of its subsidiary, TradeRiver Capital Limited, in respect of doubtful or unrecoverable trade debtors.

 

Under the agreement between TradeRiver (UK) Limited and its subsidiary, TradeRiver Capital Limited, TradeRiver (UK) Limited assumes the responsibility for recognising and managing bad debts and making insurance claims. If a specific debt is deemed a default, the company assesses its recoverability from the insurance company. Defaulted loans are written off in the company's financial statements, and the corresponding insurance claim is recognised. Subsequently, this amount is reclassified as an amount owed to group undertakings in creditors. This accounting policy for bad debts supports the company's role in managing financial risk across the group.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Software development costs are recognised as an intangible asset when all of the following criteria are demonstrated:

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
20% straight line basis per annum

If there is an indication that there has been a significant change in amortisation rate or residual value of an asset, the amortisation of that asset is revised prospectively to reflect the new expectations.

TRADERIVER (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 5 -
1.5
Tangible fixed assets

Plant and equipment are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
33% straight line basis per annum
Computer equipment
33% straight line basis per annum

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.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. If any bank overdrafts occur, they will be recognised and presented separately within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

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.

TRADERIVER (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 6 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, 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 transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

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 recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the 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.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

TRADERIVER (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 7 -
1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.15

Research and Development expenditure

Expenditure on pure and applied research is charged to the profit and loss account in the year in which it is incurred.

Development costs for the company’s underlying platform are also charged to the profit and loss in the year of expenditure, unless individual projects satisfy all of the following criteria:

In such circumstances, the development costs are capitalised as intangible assets and amortised over a period of 5 years from the date of expenditure.

TRADERIVER (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 8 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

 

These financial statements contain the following significant judgements or estimates:

 

Intercompany loan at non-market rates:

The intercompany loan is considered a financing transaction, necessitating initial measurement at the present value of future payments, including interest payments and repayment of principal amounts. Future cash flows are discounted at a market interest rate similar to a comparable debt instrument, with an adjustment made for transaction costs. Determining the market rate involves management's judgment, considering available information and prevailing market conditions. In preparing the financial statements, management has set an interest rate of 2% for discounting purposes based on their assessment. This approach ensures that the intercompany loan is recognised at its fair value, adhering to the company's accounting policies and to applicable accounting standards.

 

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
7
7
4
Intangible fixed assets
Software
£
Cost
At 1 January 2023
818,155
Additions
43,769
At 31 December 2023
861,924
Amortisation and impairment
At 1 January 2023
708,567
Amortisation charged for the year
49,720
At 31 December 2023
758,287
Carrying amount
At 31 December 2023
103,637
At 31 December 2022
109,588
TRADERIVER (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
4
Intangible fixed assets
(Continued)
- 9 -

Development costs capitalised during the year relate to the enhancement of and rolling upgrade of the TradeRiver platform and its peripherals. The directors consider that, as the expenditure is intended to generate long term economic benefits, the policy of capitalising the expenditure as intangible fixed assets and amortising over their useful economic lives is appropriate.

5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023
66,155
Additions
4,091
At 31 December 2023
70,246
Depreciation and impairment
At 1 January 2023
59,818
Depreciation charged in the year
4,273
At 31 December 2023
64,091
Carrying amount
At 31 December 2023
6,155
At 31 December 2022
6,337
6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
1,877,313
65,364
Amounts owed by group undertakings
678,954
163,897
Other debtors
97,323
753,255
Prepayments and accrued income
194,954
244,365
2,848,544
1,226,881
2023
2022
Amounts falling due after more than one year:
£
£
Amounts owed by group undertakings
-
0
1,438,334
Total debtors
2,848,544
2,665,215
TRADERIVER (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
6
Debtors
(Continued)
- 10 -

Other debtors, amounting to £97,323 (2022: £753,255), include an amount of £97,323 (2022: £565,261), which is represented by cash equivalents held by a transfer service provider, Cambridge Mercantile Corp. (UK) Limited, immediately available to the company.

 

As at 31 December 2023, prepayments and accrued income include an amount of £187,195 (2022: £213,157) relating to accrued income receivable from insurance claims that the company had claimed on behalf of its subsidiary. This represents income recognised by the company from insurance claims in respect of the subsidiary's bad debts. The corresponding liability to the subsidiary for this amount is recognised in the creditors' section of the financial statements, representing the amount owed to the subsidiary in respect of recoverable bad debts.

 

Amounts owed by group undertakings comprise of unsecured loan facilities to the subsidiary, totalling £Nil (2022: £1,438,334) presented within amounts falling due after more than one year, and £678,954 (2022: £168,897) presented within amounts falling due within one year. These loans bear interest at a rate of 15% per annum and are available to the subsidiary until 14 June 2024, after which they become repayable on demand.

 

7
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
9
10,000
10,000
Other borrowings
9
1,738,010
129,043
Trade creditors
161,964
99,559
Amounts owed to group undertakings
397,048
224,377
Corporation tax
-
0
48
Other taxation and social security
57,018
100,285
Other creditors
983
93,051
Accruals and deferred income
135,331
32,680
2,500,354
689,043

 

 

 

8
Creditors: amounts falling due after more than one year
2023
2022
Notes
£
£
Bank loans
9
14,167
24,167
Loans from related parties
9
2,297,907
2,315,093
Loans from parent undertaking
3,584,745
3,513,821
5,896,819
5,853,081
TRADERIVER (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
8
Creditors: amounts falling due after more than one year
(Continued)
- 11 -

As at 31 December 2023, loans from the parent undertaking amounted to £3,584,745 (2022: £3,513,821), representing a long-term loan from Gemini Fintech Limited. Upon recognition, the original loan of £5,181,475 (2022: £5,181,475) was discounted by £1,707,072 to reflect its fair value, using a 2% interest rate. During the year, the company incurred interest of £70,924 (2022: £39,417) on this loan. The total interest charged from inception to 31 December 2023 was £110,341 (2022: £39,417) and the remaining discounted amount of £1,596,731 (2022: £1,667,655) is presented as a capital contribution from the parent company in these financial statements.

 

In addition, as at 31 December 2023, loans from related parties, amounting to £2,297,907 (2022: £2,315,093) comprised of a loan facility with TradeRiver USA Inc, a company under common control. This loan bears interest at a rate of 5% per annum.

9
Loans and overdrafts
2023
2022
£
£
Bank loans
24,167
34,167
Loans from group undertakings and related parties
5,910,253
5,957,957
Other loans
1,710,409
-
0
7,644,829
5,992,124
Payable within one year
1,748,010
139,043
Payable after one year
5,896,819
5,853,081

As at 31 December 2023, the company's loans from group undertakings and related parties, amounted to £5,910,253 (2022: £5,957,957), and included:

- an interest free loan from its parent company, Gemini Fintech Limited, with an outstanding balance of £3,584,745 (2022: 3,513,820). This loan is subject to a fair value interest rate adjustment of 2% per annum;

- a loan from TradeRiver USA, Inc, with an outstanding balance of £2,297,906 (2022: £2,315,093). This loan bears an interest rate of 5% per annum;

- a final settlement amount of £27,601 (2022: £129,043) due to Oiax Holding SPC.

 

Bank loans amounting to £24,167 (2022: 34,167) comprise of a Bounce Back Loan Scheme.

 

Other loans amounting to £1,710,409 (2022: £Nil) comprise of a loan facility with Teybridge Frontier Receivables DAC. This loan bears an interest rate of 13.8% per annum.

10
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
522,213 Ordinary shares of £1 each
522,313
522,313
33,369 A Ordinary shares of 1p each
334
334
522,647
522,647
TRADERIVER (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
10
Called up share capital
2023
2022
£
£
(Continued)
- 12 -

The shareholders of the ordinary shares are entitled to receive payment of a dividend. The holders of the ordinary shares are entitled also to receive notice of and to attend and speak at a general meeting of the company.

 

The shareholders of the A ordinary shares are entitled to receive payment of a dividend. The holders of the A ordinary shares are not entitled to receive notice of and to attend and speak at a general meeting of the company.

11
Profit and loss reserves
2023
2022
£
£
At the beginning of the year
(5,845,942)
(2,982,950)
Loss for the year
(1,705,815)
(2,902,409)
Other
70,924
39,417
At the end of the year
(7,480,833)
(5,845,942)
12
Financial commitments, guarantees and contingent liabilities

The company, along with its parent Gemini Fintech Limited, act as guarantors for the subsidiary, TradeRiver Capital Limited, in respect of its loan facility with Varengold Bank AG. As at 31 December 2023, the loan facility amounted to £9,490,045 (2022: £11,454,491), with an interest rate ranging from 8.34% to 10.19% and commitment fees of 1.5% per annum. The loan is also secured by fixed charges over TradeRiver Capital Limited's current and future assets.

 

As at 14 June 2024, the facility with Varengold Bank AG had expired in accordance with that agreement, further details are provided in the subsequent events note.

13
Parent company

The company is controlled by Gemini Fintech Limited and the ultimate controlling party is Noble Investment Group LLC.

14
Related party transactions

During the year ended 31 December 2023, management charges levied by TradeRiver WLL, a company controlled by R Fossett, amounted to £128,996 (2022: £125,820).

 

During the year ended 31 December 2023, management charges levied by LT Trade Advisory, a company controlled by L Taylor, amounted to £Nil (2022: £21,200).

15
Events after the reporting date

As at 14 June 2024, the subsidiary, TradeRiver Capital Limited's trading facility with Varengold Bank AG expired in accordance with the term of that agreement. In response, the company and its subsidiary took additional steps to ensure its continued operations by appointing Teybridge Frontier Receivables DAC as their principal party in future transactions, assuming the role of agent. As a result, the loan facility with Varengold Bank AG was repaid after the end of the financial year ended 31 December 2023

2023-12-312023-01-01false30 October 2024CCH SoftwareCCH Accounts Production 2024.200No description of principal activityMr R FossettP McGourtyL TaylorMichelmores Secretaries Limitedfalsefalse074679672023-01-012023-12-31074679672023-12-31074679672022-12-3107467967core:ComputerSoftware2023-12-3107467967core:ComputerSoftware2022-12-3107467967core:OtherPropertyPlantEquipment2023-12-3107467967core:OtherPropertyPlantEquipment2022-12-3107467967core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3107467967core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3107467967core:Non-currentFinancialInstrumentscore:AfterOneYear2023-12-3107467967core:Non-currentFinancialInstrumentscore:AfterOneYear2022-12-3107467967core:CurrentFinancialInstruments2023-12-3107467967core:CurrentFinancialInstruments2022-12-3107467967core:ShareCapital2023-12-3107467967core:ShareCapital2022-12-3107467967core:OtherMiscellaneousReserve2023-12-3107467967core:OtherMiscellaneousReserve2022-12-3107467967core:RetainedEarningsAccumulatedLosses2023-12-3107467967core:RetainedEarningsAccumulatedLosses2022-12-3107467967core:ShareCapitalOrdinaryShares2023-12-3107467967core:ShareCapitalOrdinaryShares2022-12-3107467967core:RetainedEarningsAccumulatedLosses2022-12-3107467967core:RetainedEarningsAccumulatedLosses2021-12-3107467967bus:Director12023-01-012023-12-3107467967core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3107467967core:ComputerSoftware2023-01-012023-12-3107467967core:FurnitureFittings2023-01-012023-12-3107467967core:ComputerEquipment2023-01-012023-12-31074679672022-01-012022-12-3107467967core:ComputerSoftware2022-12-3107467967core:ComputerSoftwarecore:ExternallyAcquiredIntangibleAssets2023-01-012023-12-3107467967core:OtherPropertyPlantEquipment2022-12-3107467967core:OtherPropertyPlantEquipment2023-01-012023-12-3107467967core:AfterOneYear2023-12-3107467967core:AfterOneYear2022-12-3107467967core:Non-currentFinancialInstruments2023-12-3107467967core:Non-currentFinancialInstruments2022-12-3107467967bus:PrivateLimitedCompanyLtd2023-01-012023-12-3107467967bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107467967bus:FRS1022023-01-012023-12-3107467967bus:AuditExemptWithAccountantsReport2023-01-012023-12-3107467967bus:Director22023-01-012023-12-3107467967bus:Director32023-01-012023-12-3107467967bus:CompanySecretary12023-01-012023-12-3107467967bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP