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 12088693 J Carr-Harris C Shah iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12088693 2023-12-31 12088693 2024-12-31 12088693 2024-01-01 2024-12-31 12088693 frs-core:CurrentFinancialInstruments 2024-12-31 12088693 frs-core:SharePremium 2024-12-31 12088693 frs-core:ShareCapital 2024-12-31 12088693 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12088693 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12088693 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12088693 frs-bus:SmallEntities 2024-01-01 2024-12-31 12088693 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12088693 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12088693 frs-core:CostValuation 2023-12-31 12088693 frs-core:CostValuation 2024-12-31 12088693 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 12088693 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 12088693 frs-bus:Director1 2024-01-01 2024-12-31 12088693 frs-bus:Director2 2024-01-01 2024-12-31 12088693 frs-countries:EnglandWales 2024-01-01 2024-12-31 12088693 2022-12-31 12088693 2023-12-31 12088693 2023-01-01 2023-12-31 12088693 frs-core:CurrentFinancialInstruments 2023-12-31 12088693 frs-core:SharePremium 2023-12-31 12088693 frs-core:ShareCapital 2023-12-31 12088693 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 12088693
Cred Investments Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 12088693
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 280 280
280 280
CURRENT ASSETS
Debtors 5 13,893 266,982
Current asset investments 7,129,163 3,863,269
Cash at bank and in hand - 381,627
7,143,056 4,511,878
Creditors: Amounts Falling Due Within One Year 6 (117,153 ) (403,626 )
NET CURRENT ASSETS (LIABILITIES) 7,025,903 4,108,252
TOTAL ASSETS LESS CURRENT LIABILITIES 7,026,183 4,108,532
NET ASSETS 7,026,183 4,108,532
CAPITAL AND RESERVES
Called up share capital 117 114
Share premium 11,198,995 8,278,614
Income Statement (4,172,929 ) (4,170,196 )
SHAREHOLDERS' FUNDS 7,026,183 4,108,532
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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 Income Statement.
On behalf of the board
J Carr-Harris
Director
23/06/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Cred Investments Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12088693 . The registered office is 71-75 Shelton Street, London, WC2H 9JQ.
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.
Functional and presentation currency
The financial statements are presented in pound sterling (£), which is the company’s functional currency, and figures are rounded to the nearest whole pound
2.2. Going Concern Disclosure
The financial statements have been prepared on the going concern basis. The company incurred losses during the year, however the directors believe that the company has sufficient financial resources to be able to meet its obligations, if and when, they become due, and that the company can continue in operational existence for a period of at least 12 months from the statement of financial position date. On this basis, the directors are of the opinion that they should continue to adopt the going concern basis in preparing the annual financial statements.
2.3. Significant judgements and estimations
There have been no significant judgements or estimates applied to the numbers contained within these financial statements.
2.4. Turnover
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.5. Financial Instruments
The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments. 
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost. 
Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position 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
2.6. Foreign Currencies
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. 
At each reporting period end foreign currency monetary items are translated using the closing rate. Non monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. 
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at the period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the income statement.
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2.7. 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 '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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Research and development
Revenue expenditure on research and development is written off in the period in which it is incurred.
The company makes claims under the SME R&D tax relief scheme. Tax credits arising from claims under the SME R&D tax relief scheme are reflected as a reduction in the Corporation Tax charge or, if loss making, as a Corporation Tax credit. Tax credits received or receivable from R&D claims are recognised in the reporting period in which the qualifying expenditure is incurred
2.9. Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts
2.10. Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less
2.11. Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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4. Investments
Other
£
Cost
As at 1 January 2024 280
As at 31 December 2024 280
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 280
As at 1 January 2024 280
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 13,893 266,982
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 40,057
Bank loans and overdrafts 29,849 -
Amounts owed to participating interests 87,200 303,039
Other creditors 104 60,530
117,153 403,626
7. Parent-subsidiary relationships
The financial statements contain information about Cred Investments Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. 
The Ultimate controlling party is Mr J S R Carr-Harris
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