Acorah Software Products - Accounts Production 16.0.110 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11945688 Miss Nina Pfifer Mr Robert Zulkoski iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11945688 2023-12-31 11945688 2024-12-31 11945688 2024-01-01 2024-12-31 11945688 frs-core:CurrentFinancialInstruments 2024-12-31 11945688 frs-core:ComputerEquipment 2024-12-31 11945688 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11945688 frs-core:ComputerEquipment 2023-12-31 11945688 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 11945688 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 11945688 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 11945688 frs-core:PlantMachinery 2024-12-31 11945688 frs-core:PlantMachinery 2024-01-01 2024-12-31 11945688 frs-core:PlantMachinery 2023-12-31 11945688 frs-core:SharePremium 2024-12-31 11945688 frs-core:ShareCapital 2024-12-31 11945688 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11945688 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11945688 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11945688 frs-bus:SmallEntities 2024-01-01 2024-12-31 11945688 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11945688 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11945688 frs-bus:Director1 2024-01-01 2024-12-31 11945688 frs-bus:Director2 2024-01-01 2024-12-31 11945688 frs-countries:EnglandWales 2024-01-01 2024-12-31 11945688 2022-12-31 11945688 2023-12-31 11945688 2023-01-01 2023-12-31 11945688 frs-core:CurrentFinancialInstruments 2023-12-31 11945688 frs-core:SharePremium 2023-12-31 11945688 frs-core:ShareCapital 2023-12-31 11945688 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11945688
Conduit Capital Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Muftals Accountancy Ltd
1 Bromley Lane
Chislehurst
BR7 6LH
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11945688
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 1,952 3,265
Cash at bank and in hand 53,367 97,219
55,319 100,484
Creditors: Amounts Falling Due Within One Year 6 (37,110 ) (65,831 )
NET CURRENT ASSETS (LIABILITIES) 18,209 34,653
TOTAL ASSETS LESS CURRENT LIABILITIES 18,209 34,653
NET ASSETS 18,209 34,653
CAPITAL AND RESERVES
Called up share capital 7 111,800 111,800
Share premium account 9,239,676 9,239,676
Profit and Loss Account (9,333,267 ) (9,316,823 )
SHAREHOLDERS' FUNDS 18,209 34,653
For the year ending 31 December 2024 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
Miss Nina Pfifer
Director
25/03/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Conduit Capital Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11945688 . The registered office is 6 Langley Street, London, WC2H 9JA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The Company has net current assets of £18,208 (2023 - £34,653) with the majority of the
movement in the year resulting from an increase in amounts owed by group undertakings. The
directors have reviewed cashflow forecasts for the 12 month period from the date of sign off and
believe the Company to be a going concern.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Life of lease (lease terminates August 2023)
Plant & Machinery 20%
Computer Equipment 33%
2.4. Financial Instruments
Financial assets and financial liabilities are recognised in the Balance Sheet when the Company
becomes a party to the contractual provisions of the instrument.
Trade and other debtors and creditors are classified as basic financial instruments and measured
at initial recognition at transaction price. Debtors and creditors are subsequently measured at
amortised cost using the effective interest rate method. A provision is established when there is
objective evidence that the Company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in
hand and at bank, short-term bank deposits with an original maturity of three months or less and
bank overdrafts which are an integral part of the Company’s cash management.
Financial liabilities and equity instruments issued by the Company are classified in accordance
with the substance of the contractual arrangements entered into and the definitions of a financial
liability and an equity instrument. An equity instrument is any contract that evidences a residual
interest in the assets of the Company after deducting all of its liabilities. Equity instruments
issued by the Company are recorded at the proceeds received, net of direct issue costs.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 169,412 5,479 36,055 210,946
As at 31 December 2024 169,412 5,479 36,055 210,946
Depreciation
As at 1 January 2024 169,412 5,479 36,055 210,946
As at 31 December 2024 169,412 5,479 36,055 210,946
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 December 2024 - - - -
As at 1 January 2024 - - - -
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 1
VAT 1,952 3,264
1,952 3,265
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 36,160 64,281
Accruals and deferred income 950 1,550
37,110 65,831
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 111,800 111,800
Page 3