Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08109810 Mr Mattis Oppermann Mr Niklas Oppermann iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08109810 2023-12-31 08109810 2024-12-31 08109810 2024-01-01 2024-12-31 08109810 frs-core:CurrentFinancialInstruments 2024-12-31 08109810 frs-core:Non-currentFinancialInstruments 2024-12-31 08109810 frs-core:ComputerEquipment 2024-12-31 08109810 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08109810 frs-core:ComputerEquipment 2023-12-31 08109810 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 08109810 frs-core:FurnitureFittings 2024-12-31 08109810 frs-core:FurnitureFittings 2024-01-01 2024-12-31 08109810 frs-core:FurnitureFittings 2023-12-31 08109810 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 08109810 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 08109810 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 08109810 frs-core:OtherResidualIntangibleAssets 2024-12-31 08109810 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 08109810 frs-core:OtherResidualIntangibleAssets 2023-12-31 08109810 frs-core:PlantMachinery 2024-12-31 08109810 frs-core:PlantMachinery 2024-01-01 2024-12-31 08109810 frs-core:PlantMachinery 2023-12-31 08109810 frs-core:WithinOneYear 2024-12-31 08109810 frs-core:OtherReservesSubtotal 2024-12-31 08109810 frs-core:SharePremium 2024-12-31 08109810 frs-core:ShareCapital 2024-12-31 08109810 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08109810 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08109810 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08109810 frs-bus:SmallEntities 2024-01-01 2024-12-31 08109810 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08109810 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08109810 frs-core:UnlistedNon-exchangeTraded 2024-12-31 08109810 frs-core:UnlistedNon-exchangeTraded 2023-12-31 08109810 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 08109810 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 08109810 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 08109810 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 08109810 frs-bus:Director1 2024-01-01 2024-12-31 08109810 frs-bus:Director1 2023-12-31 08109810 frs-bus:Director1 2024-12-31 08109810 frs-bus:Director2 2024-01-01 2024-12-31 08109810 frs-bus:Director2 2023-12-31 08109810 frs-bus:Director2 2024-12-31 08109810 frs-countries:EnglandWales 2024-01-01 2024-12-31 08109810 2022-12-31 08109810 2023-12-31 08109810 2023-01-01 2023-12-31 08109810 frs-core:CurrentFinancialInstruments 2023-12-31 08109810 frs-core:Non-currentFinancialInstruments 2023-12-31 08109810 frs-core:WithinOneYear 2023-12-31 08109810 frs-core:OtherReservesSubtotal 2023-12-31 08109810 frs-core:SharePremium 2023-12-31 08109810 frs-core:ShareCapital 2023-12-31 08109810 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08109810
Oppermann London Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Finerva
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—8
Page 1
Balance Sheet
Registered number: 08109810
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 27,858 37,061
Tangible Assets 5 72,841 26,606
Investments 6 2,493 2,493
103,192 66,160
CURRENT ASSETS
Stocks 7 2,078,744 902,015
Debtors 8 386,730 351,648
Cash at bank and in hand 522,676 547,284
2,988,150 1,800,947
Creditors: Amounts Falling Due Within One Year 9 (1,833,118 ) (757,090 )
NET CURRENT ASSETS (LIABILITIES) 1,155,032 1,043,857
TOTAL ASSETS LESS CURRENT LIABILITIES 1,258,224 1,110,017
Creditors: Amounts Falling Due After More Than One Year 10 (24,593 ) (30,117 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (18,449 ) (6,046 )
NET ASSETS 1,215,182 1,073,854
CAPITAL AND RESERVES
Called up share capital 12 2 2
Share premium account 1,016,689 1,015,129
Share options reserve 25,331 -
Profit and Loss Account 173,160 58,723
SHAREHOLDERS' FUNDS 1,215,182 1,073,854
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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
Mr Niklas Oppermann
Director
9 April 2025
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Oppermann London Ltd is a private company,  limited by shares, incorporated in England & Wales, registered number 08109810 . The registered office is 85 Great Portland Street, First Floor, London, W1W 7LT.
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. Significant judgements and estimations
The preparation of financial statements requires management to make judgements, estimates and assumptions which affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for expenses during the period. However, the nature of estimation means that actual outcomes could differ from those estimates.
In preparing these financial statements, the directors have made the following key judgements:
Valuation Share based payments
Management has made a series of assumptions that impact the fair value of share options. These assumptions include the following variables – expected term, risk free rate, performance condition and share price used in the valuation model. Further details can be found in note 
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets consist of Trademarks, patents and website development costs when they meet the conditions permitting them to be treated as an asset under FRS 102. They are amortised to profit and loss account on a straight line basis over their estimated economic life of 4 years.
At each reporting date the company assesses whether there is any indication of impairment. If such indications exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. Any impairment loss is recognised immediately as an expense within profit or loss.
2.5. 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 see below
Plant & Machinery 25% straight-line basis
Fixtures & Fittings 25% straight-line basis
Computer Equipment 25% straight-line basis
Leasehold improvements are depreciated over the shorter of 4 years and the term of the lease.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.   Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Financial Instruments
Trade and other debtors / creditors
Trade and other debtors are recognised initially at transaction prices less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.
Investments
Investments in subsidiaries are held at cost less accumulated impairment losses.
Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised within profit or loss.
For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset’s carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.
2.8. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.   Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.9. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.10. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable  in accordance with the rules of the scheme.
2.11. Government Grant
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
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2.12. Preparation of consolidated accounts
The company is exempt under Section 399 of the Companies Act from the requirement to prepare consolidated financial statements by virtue of the fact it is subject to the small companies regime. These financial statements contain information the company as an individual undertaking and not about this group.
2.13. Related Party exemption
The company has taken advantage of the exemption available under FRS 102 not to disclose related party transactions with wholly owned subsidiaries in the group.
2.14. Share Based Payments
The grant date fair value of share-based payments awards granted to employees is recognised as an employee expense, with a corresponding increase in equity, over the period in which the employees become unconditionally entitled to the awards. The fair value of the awards granted is measured using an option valuation model, taking in to account the terms and conditions upon which the awards were granted. The amount recognised as an expense is adjusted to reflect the actual number of awards for which the related service and non-market vesting conditions are expected to be met, such that the amount ultimately recognised as an expense is based on the number of awards that do not meet the related service and non-market performance conditions at the vesting date. For share-based payment awards with non-vesting conditions, the grant date fair value of the share-based payment is measured to reflect such conditions and there is no true-up for differences between expected and actual outcomes.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 16 (2023: 16)
16 16
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 45,288
Additions 2,240
As at 31 December 2024 47,528
Amortisation
As at 1 January 2024 8,227
Provided during the period 11,443
As at 31 December 2024 19,670
Net Book Value
As at 31 December 2024 27,858
As at 1 January 2024 37,061
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 2,696 33,621 8,756 20,895 65,968
Additions 57,265 - 2,599 9,285 69,149
Disposals (2,696 ) - - - (2,696 )
As at 31 December 2024 57,265 33,621 11,355 30,180 132,421
...CONTINUED
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Depreciation
As at 1 January 2024 2,696 19,165 8,319 9,182 39,362
Provided during the period 10,253 6,711 335 5,615 22,914
Disposals (2,696 ) - - - (2,696 )
As at 31 December 2024 10,253 25,876 8,654 14,797 59,580
Net Book Value
As at 31 December 2024 47,012 7,745 2,701 15,383 72,841
As at 1 January 2024 - 14,456 437 11,713 26,606
6. Investments
Unlisted
£
Cost
As at 1 January 2024 2,493
As at 31 December 2024 2,493
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 2,493
As at 1 January 2024 2,493
7. Stocks
2024 2023
as restated
£ £
Stock 2,078,744 902,015
8. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 45,957 161,480
Prepayments and accrued income 127,346 9,909
Other debtors 110,958 75,665
Corporation tax recoverable assets 33,108 33,108
Directors' loan accounts 69,361 71,486
386,730 351,648
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9. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 1,422,969 552,359
Bank loans and overdrafts 115,870 66,957
Other loans - 4,778
Other creditors 168,437 36,711
Taxation and social security 125,842 96,285
1,833,118 757,090
Included within other creditors are outstanding pension contributions of £2,227 (2023: £8,823).
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Bank loans 24,593 30,117
11. Secured Creditors
Registered charges
A floating charge was registered during the year over all the property and undertakings of the company in favour of Treyd Ab on 23 July 2024. 
12. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 2 2
13. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
as restated
£ £
Not later than one year 43,923 27,499
43,923 27,499
14. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Mattis Oppermann 35,743 - 541 - 35,202
Mr Niklas Oppermann 35,743 - 1,584 - 34,159
The above loan is unsecured, interest free and repayable on demand.
15. Share Based Payments
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The company operates equity based share option schemes (EMI and an unapproved schemes) to certain employees and contractors which provide additional remuneration for those who are key to the company. The options expire ten years after the date of the grant. Employees are not entitled to dividends until the shares are exercised. All options granted have performance conditions relating to the relevant employee remaining in the employment of the company at exercise.
In previous financial years, the company did not recognise a share-based payment expense as the amount was considered immaterial. However, in the year ended 31 December 2024, more options vested and new options were granted.
As a result, the full cost associated with all options has been recognised in the current financial year in accordance with FRS102. 
A reconciliation of share option movements during the year ended 31 December 2024 is shown below:
                                                         Number          - Weighted average exercise price     - Total weighted exercise price
Granted prior to 1 January 2024           40,000        - £0.31                                          - £12,250 
Granted during the year:                           39,000        -  £1.38                                         - £53,700 
Forfeited during the year:                           Nil             -  £Nil                                            - £Nil
Exercised during the year                           Nil             -  £Nil                                            - £Nil
Outstanding as at 31 December 2024:  79,000      -  £0.84                                           - £65,950
 The company is unable to directly measure the fair value of the share options.  Instead the fair value of the share options granted during the year is determined using the Black-Scholes model. The model is internationally recognised as being appropriate to value share option schemes similar to that of the company. 
 Equity settled schemes - charges arising: £25,331 (2023: £Nil)
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