Public Digital Holdings Limited
Annual Report and Financial Statements
For the year ended 31 December 2024
Pages for Filing with Registrar
Company Registration No. 10993674 (England and Wales)
Public Digital Holdings Limited
Company Information
Directors
T S Brooks
M T Bracken
A D Greenway
T W F Loosemore
B J Terrett
L R Cowley
A C Davies
M Derr
A J Hughes
Company number
10993674
Registered office
9 Perserverance Works
London
United Kingdom
E2 8DD
Auditor
Moore Kingston Smith LLP
Charlotte Building
17 Gresse Street
London
W1T 1QL
Business address
5th Floor, Clerks Court
Clerks Court
18 - 20 Farringdon Lane
London
United Kingdom
EC1R 3AU
Bankers
HSBC Bank Plc
8 Canada Square
London
E14 5HQ
Public Digital Holdings Limited
Contents
Page
Group balance sheet
1
Company balance sheet
2
Notes to the financial statements
3 - 14
Public Digital Holdings Limited
Group Balance Sheet
As at 31 December 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
5
20,748
26,705
Tangible assets
6
144,942
63,937
165,690
90,642
Current assets
Debtors
9
4,748,949
2,850,629
Cash at bank and in hand
1,228,849
869,415
5,977,798
3,720,044
Creditors: amounts falling due within one year
10
(2,659,083)
(1,757,184)
Net current assets
3,318,715
1,962,860
Total assets less current liabilities
3,484,405
2,053,502
Creditors: amounts falling due after more than one year
11
(4,798)
(18,693)
Provisions for liabilities
(39,974)
-
Net assets
3,439,633
2,034,809
Capital and reserves
Called up share capital
13
14
14
Profit and loss reserves
3,439,619
2,034,795
Total equity
3,439,633
2,034,809

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

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

The financial statements were approved by the board of directors and authorised for issue on 20 March 2025 and are signed on its behalf by:
20 March 2025
B J Terrett
Director
Public Digital Holdings Limited
Company Balance Sheet
As at 31 December 2024
31 December 2024
Page 2
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
7
4
4
Current assets
Cash at bank and in hand
159
159
Creditors: amounts falling due within one year
10
(200)
(200)
Net current liabilities
(41)
(41)
Net liabilities
(37)
(37)
Capital and reserves
Called up share capital
13
14
14
Profit and loss reserves
(51)
(51)
Total equity
(37)
(37)

As permitted by s408 Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s profit for the year was £500,000 (2023 - £999,846 profit).

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

The financial statements were approved by the board of directors and authorised for issue on 20 March 2025 and are signed on its behalf by:
20 March 2025
B J Terrett
Director
Company Registration No. 10993674 (England and Wales)
Public Digital Holdings Limited
Notes to the Financial Statements
For the year ended 31 December 2024
Page 3
1
Accounting policies
Company information

Public Digital Holdings Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is 9 Perserverance Works, London, United Kingdom, E2 8DD.

 

The group consists of Public Digital Holdings Limited and Public Digital Limited.

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 fair value convention.

1.2
Basis of consolidation

The consolidated financial statements incorporate those of Public Digital Holdings Limited and its subsidiary Public Digital Limited (ie entities that the group controls through its power to govern the financial and operating policies so as to obtain economic benefits). Subsidiaries acquired during the year are consolidated using the purchase method. Their results are incorporated from the date that control passes.

 

All financial statements are made up to 31 December 2024. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.

 

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

1.3
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 

As a result the directors are confident that they have the ability to respond effectively to continued uncertainty and as a result, the directors believe that the company will be able to continue to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of the financial statements. Consequently the financial statements have been prepared on a going concern basis.

1.4
Reporting period

The reporting period has been extended to a 14 month period to 31 December 2023 to align with the reporting date of the main controlling interest Kyu Investment Uk Limited.

Public Digital Holdings Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 4
1.5
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in relation to specialist digital transformation consultancy services, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of consultancy services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

1.6
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.

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:

Website costs
33% straight line
1.7
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation 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:

Leasehold improvements
Over the life of the lease
Computers
33% straight line
Motor vehicles
25% reducing balance

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 recognised in the profit and loss account.

1.8
Fixed asset investments

Equity investments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

 

In the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

Public Digital Holdings Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 5

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.9
Impairment of fixed assets

At each reporting period end date, the group 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.

 

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

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.

1.10
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. Bank overdrafts are shown within borrowings in current liabilities.

1.11
Financial instruments

The group 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 group's balance sheet when the group becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset and 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.

Public Digital Holdings Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 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.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

 

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

 

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

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 group 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.

Public Digital Holdings Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 7
Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

 

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.12
Equity instruments

Equity instruments issued by the group 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 group.

1.13
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 group’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 if, and only if, there is 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.

Public Digital Holdings Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 8
1.14
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.

1.15
Retirement benefits

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

1.16
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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 leased asset are consumed.

1.17
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

1.18
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.

Public Digital Holdings Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 9
2
Judgements and key sources of estimation uncertainty

In the application of the group’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.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Revenue recognition

Revenue is recognised based on management's assessment of a job's percentage completion at the year end. This is determined by assessing actual time spent per timesheets against budgeted time. Management will also apply an element of judgement to determine the stage of completion based on deliverables completed.

3
Auditor's remuneration
2024
2023
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the group and company
10,100
4,750
Audit of the financial statements of the company's subsidiaries
29,100
23,250
39,200
28,000
4
Employees

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

Group
Company
2024
2023
2024
2023
Number
Number
Number
Number
Total
67
44
-
0
-
0
Public Digital Holdings Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 10
5
Intangible fixed assets
Group
Website costs
£
Cost
At 1 January 2024
77,236
Additions
6,000
Disposals
(46,000)
At 31 December 2024
37,236
Amortisation and impairment
At 1 January 2024
50,531
Amortisation charged for the year
11,957
Disposals
(46,000)
At 31 December 2024
16,488
Carrying amount
At 31 December 2024
20,748
At 31 December 2023
26,705
The company had no intangible fixed assets at 31 December 2024 or 31 December 2023.
Public Digital Holdings Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 11
6
Tangible fixed assets
Group
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2024
31,424
194,354
225,778
Additions
65,503
62,177
127,680
Disposals
-
0
(8,436)
(8,436)
At 31 December 2024
96,927
248,095
345,022
Depreciation and impairment
At 1 January 2024
31,424
130,417
161,841
Depreciation charged in the year
11,239
34,844
46,083
Eliminated in respect of disposals
-
0
(7,844)
(7,844)
At 31 December 2024
42,663
157,417
200,080
Carrying amount
At 31 December 2024
54,264
90,678
144,942
At 31 December 2023
-
0
63,937
63,937
The company had no tangible fixed assets at 31 December 2024 or 31 December 2023.
7
Fixed asset investments
Group
Company
2024
2023
2024
2023
£
£
£
£
-
0
-
0
4
4
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 January 2024 and 31 December 2024
4
Carrying amount
At 31 December 2024
4
At 31 December 2023
4
Public Digital Holdings Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 12
8
Subsidiaries

Details of the company's subsidiaries at 31 December 2024 are as follows:

Name of undertaking
Address
Class of
% Held
shares held
Direct
Indirect
Public Digital Limited
1
Ordinary
100
-
PD Nigeria Limited
2
Ordinary
-
100
PD Consulting Canada Inc
3
Ordinary
-
100

Registered office addresses (all UK unless otherwise indicated):

1
9 Perserverance Works, London, United Kingdom, E2 8DD
2
Plot 105, Block B, 4th Floor, Bolaji, Hussain Street, Marwa Bus Stop, Lekki, Lagos State, Nigeria
3
946 Queen Street West, Toronto, Ontario, Canada, M6J 1G8
9
Debtors
Group
Company
2024
2023
2024
2023
Amounts falling due within one year:
£
£
£
£
Trade debtors
2,532,963
2,000,961
-
0
-
0
Corporation tax recoverable
42,760
-
0
-
0
-
0
Other debtors
441,973
220,352
-
-
Prepayments and accrued income
1,731,253
613,621
-
0
-
0
4,748,949
2,834,934
-
-
Amounts falling due after more than one year:
Deferred tax asset
-
15,695
-
-
Total debtors
4,748,949
2,850,629
-
-
Public Digital Holdings Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 13
10
Creditors: amounts falling due within one year
Group
Company
2024
2023
2024
2023
£
£
£
£
Trade creditors
602,103
264,399
-
0
-
0
Amounts owed to group undertakings
-
0
-
0
200
200
Corporation tax payable
-
0
27,100
-
0
-
0
Other taxation and social security
783,227
635,543
-
0
-
0
Other creditors
13,358
13,186
-
-
Accruals and deferred income
1,260,395
816,956
-
0
-
0
2,659,083
1,757,184
200
200

Included in other creditors is an amount of £13,895 (2023: £13,147) in relation to the finance leases on tangible fixed assets.

11
Creditors: amounts falling due after more than one year
Group
Company
2024
2023
2024
2023
£
£
£
£
Other creditors
4,798
18,693
-
0
-
0
12
Finance lease obligations
Group
Company
2024
2023
2024
2023
£
£
£
£
Future minimum lease payments due under finance leases:
Within one year
13,895
13,147
-
0
-
0
In two to five years
4,798
18,693
-
0
-
0
18,693
31,840
-
-

Finance lease payments represent rentals payable by the company or group for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is four years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

Public Digital Holdings Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 14
13
Share capital
Group and company
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of 1p each
350
350
3
14
B Ordinary shares of 1p each
1,050
1,050
11
-
1,400
1,400
14
14

All shares have equal voting rights and rights to capital distributions.

14
Audit report information
As the income statement has been omitted from the filing copy of the financial statements the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The senior statutory auditor was Joanna Cosgrove.
The auditor was Moore Kingston Smith LLP.
15
Operating lease commitments
Lessee

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

Group
Company
2024
2023
2024
2023
£
£
£
£
781,910
179,807
-
-
16
Related party transactions

The company has applied the exemption under FRS 102, Section 33 (‘Related Party Disclosures’), which allows for the non-disclosure of transactions with wholly owned group members.

 

During the year, Lexington Communications Limited, a company registered in the United Kingdom and part of the wider group (but not wholly owned), provided services to the group totalling £72,800 (2023: £14,400). As of the year-end, the group had an outstanding payable of £8,400 (2023: £nil) to Lexington Communications Limited, recorded within trade creditors.

17
Controlling party

The immediate parent undertaking is KYU Investment UK Ltd, a company incorporated in England and Wales. The ultimate controlling party is Hakuhodo DY Holdings, Inc, a company registered in Japan.

2024-12-312024-01-01falsefalseCCH SoftwareCCH Accounts Production 2024.301No description of principal activityT S BrooksM T BrackenA D GreenwayT W F LoosemoreB J TerrettL R CowleyA C DaviesM DerrA J Hughesfalse109936742024-01-012024-12-3110993674bus:Director12024-01-012024-12-3110993674bus:Director22024-01-012024-12-3110993674bus:Director32024-01-012024-12-3110993674bus:Director42024-01-012024-12-3110993674bus:Director52024-01-012024-12-3110993674bus:Director62024-01-012024-12-3110993674bus:Director72024-01-012024-12-3110993674bus:Director82024-01-012024-12-3110993674bus:Director92024-01-012024-12-3110993674bus:RegisteredOffice2024-01-012024-12-3110993674bus:Agent12024-01-012024-12-3110993674bus:Consolidated2024-12-31109936742024-12-3110993674bus:Consolidated2023-12-3110993674core:LandBuildingsbus:Consolidated2024-12-3110993674core:OtherPropertyPlantEquipmentbus:Consolidated2024-12-3110993674core:LandBuildingsbus:Consolidated2023-12-3110993674core:OtherPropertyPlantEquipmentbus:Consolidated2023-12-3110993674core:ShareCapitalbus:Consolidated2024-12-3110993674core:ShareCapitalbus:Consolidated2023-12-3110993674core:ShareCapital2024-12-3110993674core:ShareCapital2023-12-3110993674core:RetainedEarningsAccumulatedLosses2024-12-31109936742023-12-3110993674core:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3110993674core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2024-01-012024-12-3110993674core:LeaseholdImprovements2024-01-012024-12-3110993674core:ComputerEquipment2024-01-012024-12-3110993674core:MotorVehicles2024-01-012024-12-31109936742022-11-012023-12-3110993674core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwillbus:Consolidated2023-12-3110993674core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwillbus:Consolidated2024-12-3110993674core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwillbus:Consolidated2024-01-012024-12-3110993674core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwillbus:Consolidated2023-12-3110993674core:LandBuildingsbus:Consolidated2023-12-3110993674core:OtherPropertyPlantEquipmentbus:Consolidated2023-12-3110993674bus:Consolidated2023-12-3110993674core:LandBuildingsbus:Consolidated2024-01-012024-12-3110993674core:OtherPropertyPlantEquipmentbus:Consolidated2024-01-012024-12-3110993674bus:Consolidated2024-01-012024-12-3110993674core:CurrentFinancialInstrumentsbus:Consolidated2024-12-3110993674core:CurrentFinancialInstrumentsbus:Consolidated2023-12-3110993674core:CurrentFinancialInstruments2024-12-3110993674core:CurrentFinancialInstruments2023-12-3110993674core:CurrentFinancialInstrumentscore:WithinOneYearbus:Consolidated2024-12-3110993674core:CurrentFinancialInstrumentscore:WithinOneYearbus:Consolidated2023-12-3110993674core:CurrentFinancialInstrumentscore:WithinOneYear2024-12-3110993674core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3110993674core:Non-currentFinancialInstrumentsbus:Consolidated2024-12-3110993674core:Non-currentFinancialInstrumentsbus:Consolidated2023-12-3110993674core:Non-currentFinancialInstruments2024-12-3110993674core:Non-currentFinancialInstruments2023-12-3110993674core:WithinOneYearbus:Consolidated2024-12-3110993674core:WithinOneYearbus:Consolidated2023-12-3110993674core:WithinOneYear2024-12-3110993674core:WithinOneYear2023-12-3110993674core:BetweenTwoFiveYearsbus:Consolidated2024-12-3110993674core:BetweenTwoFiveYearsbus:Consolidated2023-12-3110993674core:BetweenTwoFiveYears2024-12-3110993674core:BetweenTwoFiveYears2023-12-3110993674bus:PrivateLimitedCompanyLtd2024-01-012024-12-3110993674bus:FRS1022024-01-012024-12-3110993674bus:Audited2024-01-012024-12-3110993674bus:ConsolidatedGroupCompanyAccounts2024-01-012024-12-3110993674bus:SmallCompaniesRegimeForAccounts2024-01-012024-12-3110993674bus:FullAccounts2024-01-012024-12-31xbrli:purexbrli:sharesiso4217:GBP