Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 true No description of principal activity 1 January 2024 31 December 2024 31 December 2024 12131480 Mr David Stratmann Mr Omar Ali Mr Maqsood Mahomed Said Motala Tesora Investment Fund Scsp true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12131480 2023-12-31 12131480 2024-12-31 12131480 2024-01-01 2024-12-31 12131480 frs-core:CurrentFinancialInstruments 2024-12-31 12131480 frs-core:Non-currentFinancialInstruments 2024-12-31 12131480 frs-core:ShareCapital 2024-12-31 12131480 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12131480 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12131480 frs-bus:FullAccounts 2024-01-01 2024-12-31 12131480 frs-bus:SmallEntities 2024-01-01 2024-12-31 12131480 frs-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 12131480 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12131480 frs-bus:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 12131480 1 2024-01-01 2024-12-31 12131480 frs-core:UnlistedNon-exchangeTraded 2024-12-31 12131480 frs-core:UnlistedNon-exchangeTraded 2023-12-31 12131480 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 12131480 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 12131480 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 12131480 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 12131480 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 12131480 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 12131480 frs-bus:Director1 2024-01-01 2024-12-31 12131480 frs-bus:Director2 2024-01-01 2024-12-31 12131480 frs-bus:Director2 2024-12-31 12131480 frs-bus:Director3 2024-01-01 2024-12-31 12131480 frs-bus:Director3 2024-12-31 12131480 frs-bus:Director4 2024-01-01 2024-12-31 12131480 frs-bus:Director4 2024-12-31 12131480 frs-bus:Director5 2024-01-01 2024-12-31 12131480 frs-bus:Director5 2024-12-31 12131480 frs-countries:EnglandWales 2024-01-01 2024-12-31 12131480 2022-12-31 12131480 2023-12-31 12131480 2023-01-01 2023-12-31 12131480 frs-core:CurrentFinancialInstruments 2023-12-31 12131480 frs-core:Non-currentFinancialInstruments 2023-12-31 12131480 frs-core:ShareCapital 2023-12-31 12131480 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 12131480
Ceres Trade Ltd
Directors' Report and
Financial Statements
For The Year Ended 31 December 2024
Ceres Trade Ltd
Contents
Contents

| Page
--- | ---
Company Information | 1
Directors' Report | 2
Accountants' Report | 3
Profit and Loss Account | 4
Balance Sheet | 5
Notes to the Financial Statements | 6—8

Page 1
Ceres Trade Ltd
Company Information
For The Year Ended 31 December 2024
Company Information

Directors | Mr David Stratmann
| Mr Omar Ali
| Mr Maqsood Mahomed Said Motala
Company Number | 12131480
Registered Office | International House
| 50 Essex Street
| London
| WC2R 3JF

Page 1
Page 2
Ceres Trade Ltd
Company No. 12131480
Directors' Report For The Year Ended 31 December 2024
Directors' Report
The directors present their report and the financial statements for the year ended 31 December 2024.
Directors
The directors who held office during the year were as follows:

Mr David Stratmann
Mrs Margaux Lebrun | Resigned | 26/02/2024
Mr Francois Lebrun | Resigned | 15/07/2024
Mr Omar Ali | Appointed | 15/07/2024
Mr Maqsood Mahomed Said Motala | Appointed | 20/09/2024

Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board

Mr David Stratmann Director
12 September 2025

Page 2
Page 3
Ceres Trade Ltd
Accountants' Report
For The Year Ended 31 December 2024
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Ceres Trade Ltd for the year ended 31 December 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ceres Trade Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Ceres Trade Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Ceres Trade Ltd and state those matters that we have agreed to state to the directors of Ceres Trade Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ceres Trade Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Ceres Trade Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Ceres Trade Ltd . You consider that Ceres Trade Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Ceres Trade Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

12 September 2025

Page 3
Page 4
Ceres Trade Ltd
Profit and Loss Account
For The Year Ended 31 December 2024
Profit and Loss Account

| 2024 |  | 2023
--- | --- | --- | ---
| Notes | £ |  | £
TURNOVER |  | 5,809,944 |  | 7,167,949
Cost of sales |  | (5,791,011 ) |  | (7,035,072 )
GROSS PROFIT |  | 18,933 |  | 132,877
Administrative expenses |  | (10,013 ) |  | (67,613 )
Other operating income |  | 13,155 |  | -
OPERATING PROFIT |  | 22,075 |  | 65,264
Loss on disposal of fixed asset investments |  | (475) |  | -
Other interest receivable and similar income |  | 13 |  | 1
Interest payable and similar charges |  | (131 ) |  | (197 )
PROFIT BEFORE TAXATION |  | 21,482 |  | 65,068
Tax on Profit |  | (4,464 ) |  | (14,365 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |  | 17,018 |  | 50,703

The notes on pages 6 to 8 form part of these financial statements.
Page 4
Page 5
Ceres Trade Ltd
Balance Sheet
As At 31 December 2024
Balance Sheet

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investments | 4 |  | 169,650 |  | 169,650
|  |  | 169,650 |  | 169,650
CURRENT ASSETS
Debtors | 5 | 2,720,256 |  | 744,495 |
Cash at bank and in hand |  | 9,203 |  | 18,142 |
|  | 2,729,459 |  | 762,637 |
Creditors: Amounts Falling Due Within One Year | 6 | (918,345 ) |  | (649,873 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,811,114 |  | 112,764
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,980,764 |  | 282,414
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (3,825 ) |  | (6,525 )
NET ASSETS |  |  | 1,976,939 |  | 275,889
CAPITAL AND RESERVES
Called up share capital | 8 |  | 1,870,995 |  | 186,963
Profit and Loss Account |  |  | 105,944 |  | 88,926
SHAREHOLDERS' FUNDS |  |  | 1,976,939 |  | 275,889

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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board

Mr David Stratmann Director
12 September 2025

The notes on pages 6 to 8 form part of these financial statements.
Page 5
Page 6
Ceres Trade Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Ceres Trade Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12131480 . The registered office is International House, 50 Essex Street, London , WC2R 3JF.
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. 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 goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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.
2.3. 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.
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 2)
- 2
Page 6
Page 7
Ceres Trade Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
4. Investments

| Unlisted
--- | ---
| £
Cost or Valuation
As at 1 January 2024 | 169,650
Additions | 500
Disposals | (500 )
As at 31 December 2024 | 169,650
Provision
As at 1 January 2024 | -
As at 31 December 2024 | -
Net Book Value
As at 31 December 2024 | 169,650
As at 1 January 2024 | 169,650

5. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 510,773 |  | 740,103
Prepayments and accrued income | - |  | 4,392
Other debtors | 550,640 |  | -
Other taxes and social security | 468 |  | -
Called up share capital not paid | 1,658,375 |  | -
| 2,720,256 |  | 744,495

6. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 894,445 |  | 626,252
Corporation tax | 4,451 |  | 14,365
Other taxes and social security | - |  | 1,023
VAT | 159 |  | 158
Nest Pension | - |  | 35
Accruals and deferred income | 1,996 |  | 2,168
Directors' loan accounts | 17,294 |  | 5,872
| 918,345 |  | 649,873

7. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 3,825 |  | 6,525

Page 7
Page 8
Ceres Trade Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
8. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Called Up Share Capital not Paid | 1,658,375 |  | -
Called Up Share Capital has been paid up | 212,620 |  | 186,963
Amount of Allotted, Called Up Share Capital | 1,870,995 |  | 186,963

9. Related Party Transactions
At the year end, the company was owed £425,000 by Quality Bites Limited, a company in which Omar Ali, is a director of this company and holds shares. The loan is interest-free and repayable on demand. During the year, sales of £188,330 were made to Quality Bites Limited.
10. Ultimate Parent Undertaking and Controlling Party
The company’s immediate and ultimate parent undertaking is Tesora Investment Fund SCSp, a special limited partnership incorporated in Luxembourg.
Tesora Investment Fund SCSp does not prepare consolidated financial statements. Accordingly, these financial statements are the most senior publicly available financial statements within the group.
Copies of the parent undertaking’s accounts may be obtained from the Secretary, Tesora Investment Fund SCSp, 2 Boulevard Grande Duchesse Charlotte, L-1330 Luxembourg.
Page 8