Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11419528 Mr H Bichan Mr W Cracroft-Eley Mr K Hammer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11419528 2023-12-31 11419528 2024-12-31 11419528 2024-01-01 2024-12-31 11419528 frs-core:CurrentFinancialInstruments 2024-12-31 11419528 frs-core:SharePremium 2024-12-31 11419528 frs-core:ShareCapital 2024-12-31 11419528 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11419528 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11419528 frs-bus:SmallEntities 2024-01-01 2024-12-31 11419528 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11419528 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11419528 frs-core:CostValuation 2023-12-31 11419528 frs-core:CostValuation 2024-12-31 11419528 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 11419528 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 11419528 frs-bus:Director1 2024-01-01 2024-12-31 11419528 frs-bus:Director2 2024-01-01 2024-12-31 11419528 frs-bus:Director3 2024-01-01 2024-12-31 11419528 frs-countries:EnglandWales 2024-01-01 2024-12-31 11419528 2022-12-31 11419528 2023-12-31 11419528 2023-01-01 2023-12-31 11419528 frs-core:CurrentFinancialInstruments 2023-12-31 11419528 frs-core:SharePremium 2023-12-31 11419528 frs-core:ShareCapital 2023-12-31
Registered number: 11419528
Terravesta Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Saul Fairholm Limited
12 Tentercroft Street
Lincoln
Lincolnshire
LN5 7DB
Terravesta Holdings Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1
Notes to the Financial Statements | 2—4

Page 1
Terravesta Holdings Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 11419528

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investments | 4 |  | 106,159 |  | 106,159
|  |  | 106,159 |  | 106,159
CURRENT ASSETS
Debtors | 5 | 2,500,000 |  | 3,000,000 |
|  | 2,500,000 |  | 3,000,000 |
Creditors: Amounts Falling Due Within One Year | 6 | (501,044 ) |  | (1,001,044 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,998,956 |  | 1,998,956
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,105,115 |  | 2,105,115
NET ASSETS |  |  | 2,105,115 |  | 2,105,115
CAPITAL AND RESERVES
Called up share capital |  |  | 120,132 |  | 120,132
Share premium account |  |  | 1,984,983 |  | 1,984,983
SHAREHOLDERS' FUNDS |  |  | 2,105,115 |  | 2,105,115

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 W Cracroft-Eley Director
25/07/2025

The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Terravesta Holdings Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Terravesta Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11419528 . The registered office is 12 Tentercroft Street, Lincoln, Lincolnshire, LN5 7DB.
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.
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
2.2. Turnover
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
2.3. Foreign Currencies
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at
the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2.4. Borrowing costs
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
2.5. Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in
equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable. Business combinations Business combinations are accounted for using the purchase method. The consideration for each
acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
2.6. Trade and other debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be
able to collect all amounts due according to the original terms of the receivables.
Trade and other creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Page 2
Page 3
Terravesta Holdings Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.7. 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: 5)
3 5
4. Investments

| Subsidiaries
--- | ---
| £
Cost or Valuation
As at 1 January 2024 | 106,159
As at 31 December 2024 | 106,159
Provision
As at 1 January 2024 | -
As at 31 December 2024 | -
Net Book Value
As at 31 December 2024 | 106,159
As at 1 January 2024 | 106,159

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Terravesta IP Limited - 12 Tentercroft Street, Lincoln, LN5 7DB England - 100% voting rights and shares held in both 2023 and 2022 - The principal activity of Terravesta IP Limited is development of intellectual
property.
Physis Data Limited - 12 Tentercroft Street, Lincoln, LN5 7DB England and Wales - 100% voting rights and shares held in both 2023 and 2022 - The principal activity of Physis Data Limited is dormant
company.
Terravesta Europe sp. - Jozefa Pilsudskiego 104, 61-246 Poznan, Poland - Poland - 100% voting rights and shares held in both 2023 and 2022 - The principal activity of Terravesta Europe sp. is farming.
Terravesta Limited - 12 Tentercroft Street, Lincoln, LN5 7DB England and Wales - 100% voting rights and shares held in both 2023 and 2022 - The principal activity of Terravesta Limited is holding company.
5. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Amounts owed by group undertakings | 2,500,000 |  | 3,000,000

6. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Other loans | 500,000 |  | 1,000,000
Amounts owed to group undertakings | 1,044 |  | 1,044
| 501,044 |  | 1,001,044

7. Related Party Transactions
Summary of transactions with entities with joint control or significant interest Companies with a Director in common. The other borrowing of £500,000 (2023 - £1,000,000) is owed to a company with a Director in common.
Page 3
Page 4
Terravesta Holdings Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
8. Going concern
Management have concluded that material uncertainties exist in regard to the going concern of the group controlling this company. The material uncertainty has a direct effect on the going concern of the
individual companies of the group and the ability to continue trading. In previous years the group and its subsidiaries have relied on working capital and cash funding from third party funders and direct shareholder or director loans. The material uncertainty has arisen over whether this method of funding will continue into the future. The future of this group and subsidiaries is heavily reliant on the continued support of its third party funders and directors or shareholders funds.
Page 4