Acorah Software Products - Accounts Production 16.1.300 false true true 31 December 2023 26 July 2022 false 16 April 2025 1 January 2024 31 December 2024 31 December 2024 14257010 Mr Faical Oudmine Mr Anjan Som Fintecture SAS 5 Avenue du Général de Gaulle, 94160, Saint-Mandé true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14257010 2023-12-31 14257010 2024-12-31 14257010 2024-01-01 2024-12-31 14257010 frs-core:CurrentFinancialInstruments 2024-12-31 14257010 frs-core:OtherReservesSubtotal 2024-12-31 14257010 frs-core:ShareCapital 2024-12-31 14257010 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 14257010 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14257010 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 14257010 frs-bus:SmallEntities 2024-01-01 2024-12-31 14257010 frs-bus:Audited 2024-01-01 2024-12-31 14257010 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14257010 1 2024-01-01 2024-12-31 14257010 frs-bus:Director1 2024-01-01 2024-12-31 14257010 frs-bus:Director2 2024-01-01 2024-12-31 14257010 frs-core:CurrentFinancialInstruments 1 2024-12-31 14257010 frs-countries:EnglandWales 2024-01-01 2024-12-31 14257010 2022-07-25 14257010 2023-12-31 14257010 2022-07-26 2023-12-31 14257010 frs-core:CurrentFinancialInstruments 2023-12-31 14257010 frs-core:OtherReservesSubtotal 2023-12-31 14257010 frs-core:ShareCapital 2023-12-31 14257010 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 14257010 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 14257010
Fintecture UK Limited
Financial Statements
For The Year Ended 31 December 2024
Goodwille Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 14257010
31 December 2024 31 December 2023
as restated
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 172,443 156,279
172,443 156,279
Creditors: Amounts Falling Due Within One Year 5 (13,401 ) (9,625 )
NET CURRENT ASSETS (LIABILITIES) 159,042 146,654
TOTAL ASSETS LESS CURRENT LIABILITIES 159,042 146,654
NET ASSETS 159,042 146,654
CAPITAL AND RESERVES
Called up share capital 6 125,000 125,000
Share Option Reserve 24,829 12,810
Profit and Loss Account 9,213 8,844
SHAREHOLDERS' FUNDS 159,042 146,654
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 Faical Oudmine
Director
16/04/2025
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Fintecture UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14257010 . 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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the
ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.
2.4. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors and creditors, loans to and from related parties and investments in non-puttable ordinary shares.
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 in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.
2.5. 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.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
2.7. 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.
2.8. Debtors
Basic financial assets, and other debtors, are intially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Amounts due from group undertakings are amounts due for services provided to its parent underaking in the ordinary course of business.
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2.9. Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
2.10. Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
2.11. Disclosure of long or short period
The company was incorporated on 26 July 2022 and prepared it's first set of accounts for the extended period covering 26 July 2022 to 31 December 2023. By contrast, the current numbers will reflect a standard 12 months.
2.12. Prior Year Restatement
During the preparation of the financial statements for the current year, the company identified that share-based payment expenses related to previously granted share options had not been recognised in the prior period. In turn, this meant the additional revenue generated in line with the company's transfer pricing agreement had also been omitted. The omission resulted in an understatement of both revenue and operating expenses. The financial statements have been restated to correct this error. The impact of the restatement on the prior period financial statements is as follows:
Balance Sheet
  • Retained Earnings (Year-End 2023); Originally reported as £8,203, Restated as £8,844
  • Share-Based Payment Reserve (Year-End 2023); Originally reported as £0, Restated as £12,810
Profit and Loss Account
  • Sales (Year-End 2023); Originally reported as £212,672, Restated as £226,123
  • Share-Based Payment Expense (Year-End 2023); Originally reported as £0, Restated as £12,810
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2023: 1)
1 1
4. Debtors
31 December 2024 31 December 2023
as restated
£ £
Due within one year
Prepayments 1,667 1,917
VAT 9,920 4,932
Other taxes and social security - 2,852
Amounts owed by group undertakings 160,856 146,578
172,443 156,279
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5. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
as restated
£ £
Trade creditors 288 452
Corporation tax 7,613 1,924
Other creditors - 750
Accruals 5,500 6,499
13,401 9,625
6. Share Capital
31 December 2024 31 December 2023
as restated
£ £
Allotted, Called up and fully paid 125,000 125,000
7. Dividends
No dividends were proposed or paid during the current year or prior period. 
8. Related Party Transactions
The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of Section 33. 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” not to disclose transactions with entities that are wholly owned members of the group.
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Fintecture SAS , incorporated in France. Copies of the group accounts may be obtained from the secretary, 5 Avenue du Général de Gaulle, 94160, Saint-Mandé . The ultimate controlling party is Fintecture SAS who controls 100% of the shares of Fintecture UK Limited .
10. Audit Information
The auditor's report on the accounts of Fintecture UK Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by David Wheeler (Senior Statutory Auditor) for and on behalf of Bourner Bullock , Statutory Auditor.
Bourner Bullock
Chartered Accountants
114 St Martin’s Lane
Covent Garden
London
WC2N 4BE
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