Acorah Software Products - Accounts Production 16.4.675 false true true 31 December 2023 1 January 2023 false 4 September 2025 1 January 2024 31 December 2024 31 December 2024 09671324 Mr Drew Perry Mr Roberto Veiga Mr Andreas Seidl Ms Kate Montgomery Ontinue UK Ltd (formerly Open Systems Security UK Ltd) 1 Chamberlain Square, Birmingham, B3 3AX true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09671324 2023-12-31 09671324 2024-12-31 09671324 2024-01-01 2024-12-31 09671324 frs-core:CurrentFinancialInstruments 2024-12-31 09671324 frs-core:ComputerEquipment 2024-12-31 09671324 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09671324 frs-core:ComputerEquipment 2023-12-31 09671324 frs-core:PlantMachinery 2024-12-31 09671324 frs-core:PlantMachinery 2024-01-01 2024-12-31 09671324 frs-core:PlantMachinery 2023-12-31 09671324 frs-core:SharePremium 2024-12-31 09671324 frs-core:ShareCapital 2024-12-31 09671324 frs-core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 09671324 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09671324 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09671324 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09671324 frs-bus:SmallEntities 2024-01-01 2024-12-31 09671324 frs-bus:Audited 2024-01-01 2024-12-31 09671324 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09671324 1 2024-01-01 2024-12-31 09671324 frs-bus:Director1 2024-01-01 2024-12-31 09671324 frs-bus:Director2 2024-01-01 2024-12-31 09671324 frs-bus:Director3 2024-01-01 2024-12-31 09671324 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 09671324 frs-countries:EnglandWales 2024-01-01 2024-12-31 09671324 2022-12-31 09671324 2023-12-31 09671324 2023-01-01 2023-12-31 09671324 frs-core:CurrentFinancialInstruments 2023-12-31 09671324 frs-core:SharePremium 2023-01-01 2023-12-31 09671324 frs-core:SharePremium 2022-12-31 09671324 frs-core:SharePremium 2023-12-31 09671324 frs-core:ShareCapital 2023-01-01 2023-12-31 09671324 frs-core:ShareCapital 2022-12-31 09671324 frs-core:ShareCapital 2023-12-31 09671324 frs-core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 09671324 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-12-31 09671324 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09671324
Quant Group Ltd
Financial Statements
For The Year Ended 31 December 2024
Quant Group Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1
Statement of Changes in Equity | 2
Notes to the Financial Statements | 3—6

Page 1
Quant Group Ltd
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 09671324

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 551 |  | 4,837
|  |  | 551 |  | 4,837
CURRENT ASSETS
Debtors | 5 | 446,786 |  | 1,296,714 |
Cash at bank and in hand |  | 357,270 |  | 178,142 |
|  | 804,056 |  | 1,474,856 |
Creditors: Amounts Falling Due Within One Year | 6 | (457,766 ) |  | (1,249,103 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 346,290 |  | 225,753
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 346,841 |  | 230,590
PROVISIONS FOR LIABILITIES
Deferred Taxation | 7 |  | (138 ) |  | (1,209 )
NET ASSETS |  |  | 346,703 |  | 229,381
CAPITAL AND RESERVES
Called up share capital | 8 |  | 213 |  | 213
Share premium account |  |  | 6,361 |  | 6,361
Profit and Loss Account |  |  | 340,129 |  | 222,807
SHAREHOLDERS' FUNDS |  |  | 346,703 |  | 229,381

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
Quant Group Ltd
Company Number: 09671324

Mr Andreas Seidl Director
4 September 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 1
Page 2
Quant Group Ltd
Statement of Changes in Equity
For The Year Ended 31 December 2024
Statement of Changes in Equity

| Share Capital | Share Premium | Profit and Loss Account | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
As at 1 January 2023 | 213 | 223,238 | (216,877 ) | 6,574
Profit for the year and total comprehensive income | - | - | 1,400,833 | 1,400,833
Dividends paid | - | - | (1,178,026) | (1,178,026)
Share capital reduction | - | (216,877 ) | - | (216,877)
Transfer to/from Share Premium | - | - | 216,877 | 216,877
As at 31 December 2023 and 1 January 2024 | 213 | 6,361 | 222,807 | 229,381
Profit for the year and total comprehensive income | - | - | 117,322 | 117,322
As at 31 December 2024 | 213 | 6,361 | 340,129 | 346,703

Page 2
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Quant Group Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Quant Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09671324 . The registered office is 6th Floor 25 Farringdon Street, London, EC4A 4AB.
The principal activity of the company is the provision of cyber security solutions. The principal place of business is 6th Floor 25 Farringdon Street, London, EC4A 4AB.
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 and are presented to the nearest pound.
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
Revenue from services and sales
Quant Group Ltd generally invoices its customers in advance. This is generally done in periods of 1-12 months. At the time of invoicing, revenue is recorded as deferred income, and when the services have been provided, it is on a monthly basis, being recognised as revenue.
Revenue Intercompany
Revenue against the holding company is based on the distribution and sales charges from the Transactional Net Margin Method Transfer Pricing Setup to the holding company of Ontinue AG. Revenue is recognised for the respective period covered.
2.4. 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:

Office Equipment | 5 years Straight Line
Computer Equipment | 3 years Straight Line

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 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 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.
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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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Quant Group Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.7. Cash and cash equivalents
Cash and cash equivalents are basic financial instruments 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.
2.8. Debtors
Receivables are stated at their nominal value. Bad debt allowances are recognized for receivables which will probably not be fully recoverable. Quant Group Ltd. is generally invoicing customers annually, quarterly or monthly in advance. Standard payment terms provide that customers generally pay within 30 days of invoice date.
2.9. Creditors
Payables to the holding company mainly comprise charges for business support and distribution services.
2.10. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets

| Office Equipment | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2024 | 1,718 | 25,406 | 27,124
As at 31 December 2024 | 1,718 | 25,406 | 27,124
Depreciation
As at 1 January 2024 | 1,577 | 20,710 | 22,287
Provided during the period | 141 | 4,145 | 4,286
As at 31 December 2024 | 1,718 | 24,855 | 26,573
Net Book Value
As at 31 December 2024 | - | 551 | 551
As at 1 January 2024 | 141 | 4,696 | 4,837

5. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 44,951 |  | 308,933
Prepayments and accrued income | 17,397 |  | 139,174
Other debtors | 7,200 |  | 7,200
VAT | 2,941 |  | -
Amounts owed by group undertakings | 374,297 |  | 841,407
| 446,786 |  | 1,296,714

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Quant Group Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
6. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | - |  | 652,265
Corporation tax | 38,408 |  | 350,178
VAT | - |  | 17,988
Accruals and deferred income | 261,550 |  | 228,672
Amounts owed to group undertakings | 157,808 |  | -
| 457,766 |  | 1,249,103

7. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Other timing differences | 138 |  | 1,209

8. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 213 |  | 213

2,130,421 (2023 - 2,130,421) Ordinary shares of £0.0001 each
9. Dividends

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
On equity shares:
Final dividend paid | - |  | 1,178,026

10. Reserves
Called Up Share Capital
This represents the nominal value of shares issued by the company, which are fully paid.
Share Premium Account
This reserve comprises the amount received by the company in excess of the nominal value of its issued shares.
Profit and Loss Account
This reserve includes the accumulated results of the company, being retained profits or losses after deducting any distributions made to the company's shareholders.
11. Post Balance Sheet Events
There have been no significant subsequent events to report since 31 December 2024 up to the date of approval of these financial statements.
12. Related Party Transactions
At the year-end, there is an amount owed to Quant Group Ltd by the parent company, Ontinue UK Ltd (formerly Open Systems Security UK Ltd), of £374,297 (2023: £841,407). This amount is deemed to be recoverable from the parent company.
At the year-end, there is an amount owed by Quant Group Ltd to the ultimate controlling party, Ontinue AG, of £157,808 (2023: £nil).
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Quant Group Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
13. Ultimate Parent Undertaking and Controlling Party
The immediate parent undertaking is Ontinue UK Ltd, London, a company registered in the UK. The registered office of Ontinue UK Ltd, London's registered office is 6th Floor 25 Farringdon Street, EC4A 4AB, London. The holding company of Ontinue UK Ltd is Ontinue AG, which is located in Zurich. Ontinue AG is the largest and smallest group for which consolidated accounts including Quant Group Ltd are prepared. The consolidated accounts for Ontinue AG, Zürich are available from its registered office.
The ultimate parent undertaking is considered to be EQT Mid Market Europe.
14. Audit Information
The auditor's report on the accounts of Quant Group Ltd for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Michael Cook BA (Hons) FCA (Senior Statutory Auditor) for and on behalf of Kreston Reeves LLP , Statutory Auditor.

Kreston Reeves LLP Chartered Accountants & Statutory Auditor 2nd Floor 168 Shoreditch High Street London E1 6RA

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