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REGISTERED NUMBER: 01180894 (England and Wales)















Financial Statements

for the Year Ended 31 December 2023

for

CRESCENTONE SOFTWARE LIMITED

CRESCENTONE SOFTWARE LIMITED (REGISTERED NUMBER: 01180894)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CRESCENTONE SOFTWARE LIMITED

Company Information
for the year ended 31 December 2023







Directors: M Sandberg
A De La Iglesia Mayol
J Sastre Moragues
A M Swoboda





Registered office: 960 Capability Green
Luton
Bedfordshire
LU1 3PE





Registered number: 01180894 (England and Wales)





Auditors: CLA Evelyn Partners Limited
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

CRESCENTONE SOFTWARE LIMITED (REGISTERED NUMBER: 01180894)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 5 745 1,771

Current assets
Debtors 6 1,656,261 1,129,981
Cash at bank 20,878 195,103
1,677,139 1,325,084
Creditors
Amounts falling due within one year 7 1,154,428 1,135,909
Net current assets 522,711 189,175
Total assets less current liabilities 523,456 190,946

Capital and reserves
Called up share capital 8 2,000 2,000
Other reserves 6,377,363 6,377,363
Retained earnings (5,855,907 ) (6,188,417 )
Shareholders' funds 523,456 190,946

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:





A M Swoboda - Director


CRESCENTONE SOFTWARE LIMITED (REGISTERED NUMBER: 01180894)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Crescentone Software 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.

2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
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:

i) Licence revenue
Revenue earned for selling licences for the group's products is recognised when the risks and rewards of ownership of the licenced software is transferred to the customer.

ii) Service revenue
Revenue earned for the selling of design, analysis and implementation consultancy services is recognised on a service provided basis.

iii) Maintenance revenue
Fees for maintenance contracts are contracted for and paid annually in advance. Revenue is recognised on a straight line basis over the period of the contract. The residual revenue which has been received in advance is shown within current liabilities as deferred revenue.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


CRESCENTONE SOFTWARE LIMITED (REGISTERED NUMBER: 01180894)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


3. Accounting policies - continued
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.

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.

4. Employees and directors

The average number of employees during the year was 2 (2022 - 3 ) .

5. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 January 2023
and 31 December 2023 19,678
Depreciation
At 1 January 2023 17,907
Charge for year 1,026
At 31 December 2023 18,933
Net book value
At 31 December 2023 745
At 31 December 2022 1,771

6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 542,216 541,252
Amounts owed by group undertakings 1,101,668 550,448
Other debtors 12,377 38,281
1,656,261 1,129,981

CRESCENTONE SOFTWARE LIMITED (REGISTERED NUMBER: 01180894)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 1,845 3,594
Amounts owed to group undertakings 602,084 377,886
Taxation and social security 101,366 195,955
Other creditors 449,133 558,474
1,154,428 1,135,909

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1,000 Ordinary £1 1,000 1,000
1,000 Deferred £1 1,000 1,000
2,000 2,000

9. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Antony Sassen (Senior Statutory Auditor)
for and on behalf of CLA Evelyn Partners Limited

10. Ultimate controlling party

The ultimate parent company and controlling party is Constellation Software Inc, a company incorporated in Canada and listed on the Toronto Stock Exchange. The smallest and largest consolidated accounts which include the company are the Constellation Software Inc group accounts.

The consolidated accounts of Constellation Software Inc are available to the public and may be obtained from Constellation Software Inc, 1200-20 Adelaide Street, East Toronto, ON M5C 2T6, Canada.