Acorah Software Products - Accounts Production 16.2.850 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 06957496 Mr Alexander Allan Mr James Ward Mr Graham Twaddle Ms Elizabeth Gooch iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06957496 2023-12-31 06957496 2024-12-31 06957496 2024-01-01 2024-12-31 06957496 frs-core:CurrentFinancialInstruments 2024-12-31 06957496 frs-core:SharePremium 2024-12-31 06957496 frs-core:ShareCapital 2024-12-31 06957496 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06957496 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06957496 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06957496 frs-bus:SmallEntities 2024-01-01 2024-12-31 06957496 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06957496 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06957496 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 06957496 frs-bus:OrdinaryShareClass1 2024-12-31 06957496 frs-bus:OrdinaryShareClass2 2024-01-01 2024-12-31 06957496 frs-bus:OrdinaryShareClass2 2024-12-31 06957496 frs-core:CostValuation 2023-12-31 06957496 frs-core:CostValuation 2024-12-31 06957496 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 06957496 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 06957496 frs-bus:Director1 2024-01-01 2024-12-31 06957496 frs-bus:Director2 2024-01-01 2024-12-31 06957496 frs-bus:Director3 2024-01-01 2024-12-31 06957496 frs-bus:Director4 2024-01-01 2024-12-31 06957496 frs-countries:EnglandWales 2024-01-01 2024-12-31 06957496 2022-12-31 06957496 2023-12-31 06957496 2023-01-01 2023-12-31 06957496 frs-core:CurrentFinancialInstruments 2023-12-31 06957496 frs-core:SharePremium 2023-12-31 06957496 frs-core:ShareCapital 2023-12-31 06957496 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06957496 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 06957496 frs-bus:OrdinaryShareClass2 2023-01-01 2023-12-31
Registered number: 06957496
Opx Software Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 06957496
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 160,000 160,000
160,000 160,000
CURRENT ASSETS
Debtors 5 374,993 56,794
Cash at bank and in hand 325,595 -
700,588 56,794
Creditors: Amounts Falling Due Within One Year - (5 )
NET CURRENT ASSETS (LIABILITIES) 700,588 56,789
TOTAL ASSETS LESS CURRENT LIABILITIES 860,588 216,789
NET ASSETS 860,588 216,789
CAPITAL AND RESERVES
Called up share capital 6 9,286 7,340
Share premium account 924,397 282,744
Profit and Loss Account (73,095 ) (73,295 )
SHAREHOLDERS' FUNDS 860,588 216,789
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 Alexander Allan
Director
10/04/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Opx Software Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06957496 . The registered office is 47 Oakleigh Park North, London, N20 9AT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
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 the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below

The Company, being the parent, and the group headed by it, qualify as small as set out in section 383 of the Companies Act and the Company and its subsidiary members are considered eligible for exemption from preparing Group accounts as determined by reference to sections 384 and 399(2A) of the Act.
2.2. Going Concern Disclosure
The Company currently does not have any staff on furlough, is repaying the VAT deferral monthly in accordance with HMRC rules and is aiming to repay the bounce back loan out of cash flow.
2.3. 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.

2.4. Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company
2.5. Leases
Rentals payable under operating leases, including any lease incentives received, are charged to income 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 lease asset are consumed.
2.6. Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

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

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long- term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

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Page 3
3. Average Number of Employees
The average monthly number of persons (including directors) employed by the company during the year was 
2 (2023: 2)
2 2
4. Investments
Other
£
Cost
As at 1 January 2024 160,000
As at 31 December 2024 160,000
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 160,000
As at 1 January 2024 160,000
Investments are in subsidiary undertakings as follows:

Corporate Modelling Services Ltd registered office 47 Oakleigh Park North, London, N20 9AT by virtue of 100% shareholding
Solvrisk Ltd registered office 47 Oakleigh Park North, London, N20 9AT by virtue of 100% shareholding

Cost bf and cf
Corporate Modelling Services Ltd £ 150,000
Solvrisk Ltd £ 10,000

The parent company has taken advantage of the small companies' regime and opted not to prepare Group accounts.
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 374,993 56,794
6. Share Capital
2024 2023
Allotted, called up and fully paid £ £
72,430 Ordinary Shares of £ 0.100 each 7,243 7,340
20,431 Ordinary A shares of £ 0.100 each 2,043 -
9,286 7,340
Shares issued during the period: £
2,700 Ordinary Shares of £ 0.100 each 270
Shares disposed during the period: £
3,670 Ordinary Shares of £ 0.100 each (367)
On 9 February 2024 the Company carried out a reduction of capital and share premium account whereby 3,670 ordinary shares of £0.10 each were cancelled and extinguished from the capital of the Company for consideration of £51,380 resulting from an application of the share premium reserve.
On 4 September 2024 Maven Capital Partners UK LLP acting for IFS - Equity LP subscribed for 20,431 A ordinary shares in the Company carrying liquidation preference rights.
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7. Contingent Liabilities
During the year, a subsidiary of the company, Corporate Modelling Services Limited took on a 5 year debt facility from the FSE group and granted a charge over its assets. The debt is cross guaranteed by all of the companies within the group, Enterprise Improvement Ltd, Solvrisk Ltd and Corporate Modelling Services Limted.
8. Other notes
On 28th October 2024, the Company changeed it's name to OPX Software Holdings Limited from Enterprise Improvement Limited.
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