Acorah Software Products - Accounts Production 16.4.675 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09256446 Mr P J Cox Mr O A Maitland Mr P Surtees true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09256446 2023-12-31 09256446 2024-12-31 09256446 2024-01-01 2024-12-31 09256446 frs-core:CurrentFinancialInstruments 2024-12-31 09256446 frs-core:Non-currentFinancialInstruments 2024-12-31 09256446 frs-core:ComputerEquipment 2024-12-31 09256446 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09256446 frs-core:ComputerEquipment 2023-12-31 09256446 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 09256446 frs-core:FurnitureFittings 2024-12-31 09256446 frs-core:FurnitureFittings 2024-01-01 2024-12-31 09256446 frs-core:FurnitureFittings 2023-12-31 09256446 frs-core:OtherResidualIntangibleAssets 2024-12-31 09256446 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 09256446 frs-core:OtherResidualIntangibleAssets 2023-12-31 09256446 frs-core:SharePremium 2024-12-31 09256446 frs-core:ShareCapital 2024-12-31 09256446 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09256446 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09256446 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09256446 frs-bus:SmallEntities 2024-01-01 2024-12-31 09256446 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09256446 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09256446 1 2024-01-01 2024-12-31 09256446 frs-core:CostValuation 2023-12-31 09256446 frs-core:CostValuation 2024-12-31 09256446 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 09256446 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 09256446 frs-bus:Director1 2024-01-01 2024-12-31 09256446 frs-bus:Director2 2024-01-01 2024-12-31 09256446 frs-bus:Director3 2024-01-01 2024-12-31 09256446 frs-countries:EnglandWales 2024-01-01 2024-12-31 09256446 2022-12-31 09256446 2023-12-31 09256446 2023-01-01 2023-12-31 09256446 frs-core:CurrentFinancialInstruments 2023-12-31 09256446 frs-core:Non-currentFinancialInstruments 2023-12-31 09256446 frs-core:SharePremium 2023-12-31 09256446 frs-core:ShareCapital 2023-12-31 09256446 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09256446
Capitalise.com Platform Ltd
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09256446
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 868
Tangible Assets 5 7,260 13,043
Investments 6 6 6
7,266 13,917
CURRENT ASSETS
Debtors 7 242,876 351,305
Cash at bank and in hand 207,948 340,648
450,824 691,953
Creditors: Amounts Falling Due Within One Year 8 (569,321 ) (1,347,431 )
NET CURRENT ASSETS (LIABILITIES) (118,497 ) (655,478 )
TOTAL ASSETS LESS CURRENT LIABILITIES (111,231 ) (641,561 )
Creditors: Amounts Falling Due After More Than One Year 9 (1,400,479 ) -
NET LIABILITIES (1,511,710 ) (641,561 )
CAPITAL AND RESERVES
Called up share capital 3,232 3,232
Share premium account 17,402,003 17,402,003
Profit and Loss Account (18,916,945 ) (18,046,796 )
SHAREHOLDERS' FUNDS (1,511,710) (641,561)
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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 Profit and Loss Account.
On behalf of the board
Mr P Surtees
Director
27 August 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Capitalise.com Platform Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09256446 . The registered office is 20 Wenlock Road, London, N1 7GU.

The presentation currency of the financial statements is the Pound Sterling (£).
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.

The company has taken advantage of the exemption provided by Section 399 of the Companies Act 2006 from the requirement to prepare consolidated financial statements as the group qualifies as a small group, as defined by Section 383 of the Companies Act 2006. As such, these financial statements present information about the company as an individual entity and not about its group.
2.2. Going Concern Disclosure
Whilst the business has been loss making in the financial year and the balance sheet presents a net liability position, the Directors regularly review the cash forecast and believe there is sufficient funds to pay liabilities as they fall due. As such, the Directors agree the going concern basis is the appropriate method to prepare these financial statements.
2.3. Significant judgements and estimations
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates if necessary. It also requires management to exercise judgement in applying the company accounting policies.
2.4. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of software, services and commission.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of seven years.
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 Straight line over 3 years
Computer Equipment Straight line over 3 years
2.7. 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 a 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.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, 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. Financial assets classified as receivable within one year are not amortised.
Classification of financial instruments
...CONTINUED
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2.7. Financial Instruments - continued
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently at amortised cost using the effective interest method.
2.8. 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.
2.9. 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 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.
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.
2.10. 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.
2.11. Development costs
Development costs are costs incurred in the process of creating new or improved products, services, processes or systems. The company recognises all development costs as an expense in the Profit and Loss Account in the period in which they are incurred.

This approach is taken because the future economic benefits of development activities are inherently uncertain, and therefore, it is more reliant and relevant to recognise these costs as incurred rather than capitalising and amortising them over future periods.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2023: 38)
22 38
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4. Intangible Assets
Patents and licences
£
Cost
As at 1 January 2024 7,295
As at 31 December 2024 7,295
Amortisation
As at 1 January 2024 6,427
Provided during the period 868
As at 31 December 2024 7,295
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 868
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 45,713 72,072 117,785
Additions - 5,710 5,710
Disposals (45,713 ) (15,577 ) (61,290 )
As at 31 December 2024 - 62,205 62,205
Depreciation
As at 1 January 2024 45,050 59,692 104,742
Provided during the period 524 10,656 11,180
Disposals (45,574 ) (15,403 ) (60,977 )
As at 31 December 2024 - 54,945 54,945
Net Book Value
As at 31 December 2024 - 7,260 7,260
As at 1 January 2024 663 12,380 13,043
6. Investments
Subsidiaries
£
Cost
As at 1 January 2024 6
As at 31 December 2024 6
Provision
As at 1 January 2024 -
As at 31 December 2024 -
...CONTINUED
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Net Book Value
As at 31 December 2024 6
As at 1 January 2024 6
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 79,241 55,929
Amounts owed by group undertakings 110,243 107,141
Other debtors 53,392 188,235
242,876 351,305
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 17,354 616,898
Amounts owed to group undertakings 30,635 31,951
Other creditors 224,804 241,547
Taxation and social security 296,528 457,035
569,321 1,347,431
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 1,400,479 -
Other loans consist of a loan facility from Paydyn Financial Limited, the Company's ultimate parent.
10. Related Party Transactions
Included within creditors is £30,635 (2023꞉ £31,951) due to Platfi Services, a subsidary of the Company.

Included within debtors is £110,243 (2023꞉ £107,141) due from Capitalise.com Platform (PTY) Ltd, a subsidary of the Company.

Other loans consist of a loan facility with Paydyn Financial Limited, the company’s ultimate parent. The key terms of the loan are as follows:
  • The loan is repayable upon a future exit event, as defined in the loan agreement. 
  • Interest accrues at a rate of 8% per annum, compounded and added to the loan balance quarterly. 
  • The debt is secured by a combination of fixed and floating charges over the company’s assets.
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr P J Cox by virtue of his indirect controlling stake of the issued share capital in the company.
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