Company registration number 05807971 (England and Wales)
ACORA HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
The Courtyard
Shoreham Road
Upper Beeding
Steyning
West Sussex
BN44 3TN
ACORA HOLDINGS LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
ACORA HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
1,618,502
1,618,502
Current assets
Debtors
5
1,383,028
1,383,028
Creditors: amounts falling due within one year
6
(1,338,313)
(1,338,313)
Net current assets
44,715
44,715
Net assets
1,663,217
1,663,217
Capital and reserves
Called up share capital
7
99
99
Share premium account
1,663,090
1,663,090
Capital redemption reserve
28
28
Total equity
1,663,217
1,663,217
ACORA HOLDINGS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 3 -
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 13 May 2025 and are signed on its behalf by:
G Page
Director
Company registration number 05807971 (England and Wales)
ACORA HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
1
Accounting policies
Company information
Acora Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Acora House, Albert Drive, Burgess Hill, West Sussex, RH15 9TN.
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 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.
This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:
- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;
- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues’: Interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;
- Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;
- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.
The financial statements of the company are consolidated in the financial statements of Archer Topco Limited. These consolidated financial statements are available from its registered office, Acora House, Albert Drive, Burgess Hill, West Sussex, RH15 9TN.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
ACORA HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.3
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.
1.4
Cash at bank and in hand
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.
1.5
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.
Derecognition of financial liabilities
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
ACORA HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
1,618,502
1,618,502
4
Subsidiaries
Details of the company's subsidiaries at 31 December 2024 are as follows:
Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Indirect
Acora Limited
Acora House, Albert Drive, Burgess Hill, West Sussex, RH15 9TN
Technology
£1 Ordinary
100.00
-
Computer Service Centre Limited
Acora House, Albert Drive, Burgess Hill, West Sussex, RH15 9TN
Technology
£1 Ordinary
0
100.00
Acora Netherlands BV
Joop Geesinkweg 701, 1114 AB Amsterdam-Duivendrecht, Netherlands
Technology
EUR 1 Ordinary
0
51.00
Infosec Partners MAK DOOEL Skopje
Ulica Mitropolit Teodosij Gologanov 54A 1111 Skopje
Technology
EUR 1 Ordinary
0
100.00
Elastacloud Limited
Acora House, Albert Drive, Burgess Hill, West Sussex, RH15 9TN
Technology
£1 Ordinary
0
100.00
Elastacloud LLP
Ground Floor, Beech E1 Block, Manyata Embassy Business Park, Outer Ring Road, Bangalore 560045, Karn
Technology
INR 1 Ordinary
0
99.90
Elastacloud SL
C/ Arraez 11 CP 04003- Almeria, Spain
Technology
EUR 1 Ordinary
0
100.00
Elastacloud LLC
30 N Gould St, Suite R, Sheridan, WY 82801, US
Technology
$1 Ordinary
0
100.00
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,382,923
1,382,923
Other debtors
105
105
1,383,028
1,383,028
6
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
1,338,313
1,338,313
ACORA HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
6
Creditors: amounts falling due within one year
(Continued)
- 7 -
LDC (Managers) Limited and Ares Management Limited hold a fixed and floating charge over the Company's assets.
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Ordinary of 1p each
9,950
9,950
99
99
8
Related party transactions
The company has applied exemptions available in s33.1A of FRS102 not to disclose transactions with wholly owned group undertakings.
9
Parent company
The parent company of Acora Holdings Limited is Archer Acquisition Company Limited and the ultimate parent company is Albany Bidco Limited. The registered office of both companies is Acora House, Albert Drive, Burgess Hill, West Sussex, RH15 9TN.
Albany Bidco Limited has no one ultimate controlling party.