Acorah Software Products - Accounts Production 16.3.350 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09891593 Mr Mikael Landau Mr Christoph Lippuner Mr Jonathan Lerner Mr Laurent Schockmel Mr Alex Gwyther iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09891593 2023-12-31 09891593 2024-12-31 09891593 2024-01-01 2024-12-31 09891593 frs-core:CurrentFinancialInstruments 2024-12-31 09891593 frs-core:Non-currentFinancialInstruments 2024-12-31 09891593 frs-core:BetweenOneFiveYears 2024-12-31 09891593 frs-core:ComputerEquipment 2024-12-31 09891593 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09891593 frs-core:ComputerEquipment 2023-12-31 09891593 frs-core:FurnitureFittings 2024-12-31 09891593 frs-core:FurnitureFittings 2024-01-01 2024-12-31 09891593 frs-core:FurnitureFittings 2023-12-31 09891593 frs-core:WithinOneYear 2024-12-31 09891593 frs-core:OtherReservesSubtotal 2024-12-31 09891593 frs-core:SharePremium 2024-12-31 09891593 frs-core:ShareCapital 2024-12-31 09891593 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09891593 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09891593 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09891593 frs-bus:SmallEntities 2024-01-01 2024-12-31 09891593 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09891593 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09891593 frs-core:UnlistedNon-exchangeTraded 2024-12-31 09891593 frs-core:UnlistedNon-exchangeTraded 2023-12-31 09891593 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 09891593 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 09891593 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 09891593 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 09891593 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 09891593 frs-bus:Director1 2024-01-01 2024-12-31 09891593 frs-bus:Director2 2024-01-01 2024-12-31 09891593 frs-bus:Director3 2024-01-01 2024-12-31 09891593 frs-bus:Director4 2024-01-01 2024-12-31 09891593 frs-bus:Director5 2024-01-01 2024-12-31 09891593 frs-countries:EnglandWales 2024-01-01 2024-12-31 09891593 2022-12-31 09891593 2023-12-31 09891593 2023-01-01 2023-12-31 09891593 frs-core:CurrentFinancialInstruments 2023-12-31 09891593 frs-core:Non-currentFinancialInstruments 2023-12-31 09891593 frs-core:BetweenOneFiveYears 2023-12-31 09891593 frs-core:WithinOneYear 2023-12-31 09891593 frs-core:OtherReservesSubtotal 2023-12-31 09891593 frs-core:SharePremium 2023-12-31 09891593 frs-core:ShareCapital 2023-12-31 09891593 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09891593
Semble Technology Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Finerva
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09891593
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,966 1,287
Investments 5 4,258 -
6,224 1,287
CURRENT ASSETS
Debtors 6 702,663 982,720
Cash at bank and in hand 10,062,831 1,354,605
10,765,494 2,337,325
Creditors: Amounts Falling Due Within One Year 7 (1,256,277 ) (934,194 )
NET CURRENT ASSETS (LIABILITIES) 9,509,217 1,403,131
TOTAL ASSETS LESS CURRENT LIABILITIES 9,515,441 1,404,418
Creditors: Amounts Falling Due After More Than One Year 8 - (1,215,916 )
NET ASSETS 9,515,441 188,502
CAPITAL AND RESERVES
Called up share capital 9 379 289
Share premium account 20,188,962 8,650,822
Other reserves - convertible loans - 434,892
Profit and Loss Account (10,673,900 ) (8,897,501 )
SHAREHOLDERS' FUNDS 9,515,441 188,502
Page 1
Page 2
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.
The financial statements were approved by the board of directors on 13 June 2025 and were signed on its behalf by:
Mr Christoph Lippuner
Director
13 June 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Semble Technology Limited is a private company,  limited by shares, incorporated in England & Wales, registered number 09891593 . The registered office is 7 Bell Yard, London, WC2A 2JR.
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 company’s financial statements have been prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company’s needs. In assessing going concern, the directors have a reasonable expectation that the company will continue as a going concern and is able to meet all of its obligations as they fall due for a minimum of 12 months from the date of approval of these financial statements.
2.3. 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 judgements:
Share option charges
FRS 102 requires the grant date fair value of share-based payments awards granted to employees and contractors to be recognised as an expense, with a corresponding increase in equity, over the period in which the employees and contractors become unconditionally entitled to the awards. Share options issued to the subsidiary’s employees and contractors will only be exercised on an exit event. At the date of these financial statements management has determined that an exit event is not probable and therefore no share-based payment charges have been recorded in these financial statements nor in the subsidiary's financial statements.
2.4. Turnover
Revenue is recognised to the extent there is probable economic benefits will flow to the company and the revenue can
be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.
Revenues related to subscriptions are recognized over the period in which the service is made available and when the
related service is similar in value over time. Subscription income received or receivable in advance of the delivery of
service is included in deferred income.
2.5. Research and Development
Expenditure on research and development is written off in the year it is incurred.
2.6. 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:
Fixtures & Fittings 4 years on a straight line basis
Computer Equipment 2 years on a straight line basis
The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. 
Repairs and maintenance costs are charged to profit or loss during the period in which they are incurred. 
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. 
At each reporting date the company assesses whether there is any indication of impairment. If such indication 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 the profit or loss. 
Page 3
Page 4
2.7. Leasing and Hire Purchase Contracts
Leases in which the company assumes substantially all the risks and rewards of ownership of the leased asset are classified as finance leases. All other leases are classified as operating leases.

Payments (excluding costs for services and insurance) made under operating leases are recognised in the profit and loss account on a straight-line basis over the term of the lease unless the payments to the lessor are structured to increase in line with expected general inflation; in which case the payments related to the structured increases are recognised as incurred. Lease incentives received are recognised in profit and loss over the term of the lease an an integral part of the total lease expenses.

2.8. 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.
2.9. 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.
2.10. 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 year 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.
Current tax for the year is recognised in profit or loss.
2.11. Pensions
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions in a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss in the periods during which services are rendered by employees.
Page 4
Page 5
2.12. Convertible loans
On the initial issue of convertible debt, the company allocates the proceeds between the liability component and the equity component. To make the allocation, the company first determines the amount of the liability component as fair value of a similar liability that does not have a conversion feature. The residual amount is allocated as the equity component. Any transaction costs are allocated between debt component and equity component on the basis of their relative fair values. The liability component of the instrument is subsequently measured on an amortised cost basis. Any initial allocations are not revised in subsequent periods.
2.13. 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.
2.14. Related party exemption
The company has taken advantage of the exemption available under FRS 102 not to disclose related party transactions with wholly owned group companies.
3. Average Number of Employees
Average number of employees during the year was: 63 (2023: 53)
63 53
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 426 60,415 60,841
Additions - 1,665 1,665
As at 31 December 2024 426 62,080 62,506
Depreciation
As at 1 January 2024 53 59,501 59,554
Provided during the period 107 879 986
As at 31 December 2024 160 60,380 60,540
Net Book Value
As at 31 December 2024 266 1,700 1,966
As at 1 January 2024 373 914 1,287
5. Investments
Unlisted
£
Cost
As at 1 January 2024 -
Additions 4,258
As at 31 December 2024 4,258
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 4,258
As at 1 January 2024 -
Page 5
Page 6
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 255,903 245,200
Amounts owed by group undertakings 50,116 -
Other debtors 396,644 737,520
702,663 982,720
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 156,484 44,773
Other creditors 716,604 551,032
Taxation and social security 383,189 338,389
1,256,277 934,194
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans - 1,215,916
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 379 289
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 73,088 69,998
Later than one year and not later than five years 41,388 -
114,476 69,998
11. Pension Commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £18,630 (2023: £Nil) were due to the fund.  They are included in Other Creditors.
Page 6