Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 14069161 Mr Gilbert Grosjean Mr Paulus Steeghs Jonathan Steiner true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14069161 2023-12-31 14069161 2024-12-31 14069161 2024-01-01 2024-12-31 14069161 frs-core:CurrentFinancialInstruments 2024-12-31 14069161 frs-core:BetweenOneFiveYears 2024-12-31 14069161 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 14069161 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 14069161 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 14069161 frs-core:MoreThanFiveYears 2024-12-31 14069161 frs-core:WithinOneYear 2024-12-31 14069161 frs-core:ShareCapital 2024-12-31 14069161 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 14069161 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14069161 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 14069161 frs-bus:SmallEntities 2024-01-01 2024-12-31 14069161 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14069161 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14069161 1 2024-01-01 2024-12-31 14069161 frs-bus:Director1 2024-01-01 2024-12-31 14069161 frs-bus:Director2 2024-01-01 2024-12-31 14069161 frs-countries:EnglandWales 2024-01-01 2024-12-31 14069161 2022-12-31 14069161 2023-12-31 14069161 2023-01-01 2023-12-31 14069161 frs-core:CurrentFinancialInstruments 2023-12-31 14069161 frs-core:BetweenOneFiveYears 2023-12-31 14069161 frs-core:MoreThanFiveYears 2023-12-31 14069161 frs-core:WithinOneYear 2023-12-31 14069161 frs-core:ShareCapital 2023-12-31 14069161 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 14069161
Haymarket Operating Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Haymarket Operating Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Haymarket Operating Ltd
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 14069161

| 2024 | 2023 as restated
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 59,120 |  | -
|  |  | 59,120 |  | -
CURRENT ASSETS
Stocks | 5 | 8,860 |  | - |
Debtors | 6 | 623,670 |  | 349,365 |
Cash at bank and in hand |  | 738 |  | 5,150 |
|  | 633,268 |  | 354,515 |
Creditors: Amounts Falling Due Within One Year | 7 | (1,238,433 ) |  | (1,171,997 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (605,165 ) |  | (817,482 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (546,045 ) |  | (817,482 )
NET LIABILITIES |  |  | (546,045 ) |  | (817,482 )
CAPITAL AND RESERVES
Called up share capital | 9 |  | 100 |  | 100
Profit and Loss Account |  |  | (546,145 ) |  | (817,582 )
SHAREHOLDERS' FUNDS |  |  | (546,045) |  | (817,482)

Page 1
Page 2
Haymarket Operating Ltd
Balance Sheet (continued)
As At 31 December 2024
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 Paulus Steeghs Director
18th September 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Haymarket Operating Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Haymarket Operating Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14069161 . The registered office is 17 Cavendish Square, London, W1G 0PH.
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. 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:

Leasehold | 20% on cost

2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
Page 4
Haymarket Operating Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.6. 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.
2.7. 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.
3. Average Number of Employees
Average number of employees, excluding directors, during the year was: 22 (2023: 18)
22 18
4. Tangible Assets

| Land & Property
--- | ---
| Leasehold
| £
Cost
As at 1 January 2024 | -
Additions | 59,120
As at 31 December 2024 | 59,120
Net Book Value
As at 31 December 2024 | 59,120
As at 1 January 2024 | -

5. Stocks

| 2024 |  | 2023 as restated
--- | --- | --- | ---
| £ |  | £
Stock | 8,860 |  | -

6. Debtors

| 2024 |  | 2023 as restated
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 115,275 |  | -
Other debtors | 508,395 |  | 349,365
| 623,670 |  | 349,365

Page 4
Page 5
Haymarket Operating Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
7. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023 as restated
--- | --- | --- | ---
| £ |  | £
Trade creditors | 525,451 |  | 248,307
Amounts owed to group undertakings | 119,099 |  | 736,886
Other creditors | 245,177 |  | 177,525
Taxation and social security | 348,706 |  | 9,279
| 1,238,433 |  | 1,171,997

8. Secured Creditors
A loan in a group company is secured by a fixed and floating charge over the company's assets.
9. Share Capital

| 2024 |  | 2023 as restated
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2024 |  | 2023 as restated
--- | --- | --- | ---
| £ |  | £
Not later than one year | 96,649 |  | 96,649
Later than one year and not later than five years | 386,596 |  | 386,596
Later than five years | 2,537,036 |  | 2,826,983
| 3,020,281 |  | 3,310,228

11. Ultimate Controlling Party
The company's controlling party is Jonathan Steiner by virtue of his ownership of 99% of the issued share capital in the company.
12. Going Concern
As at the balance sheet date the company has net liabilities. These financial statements have been prepared on the going concern basis, on the understanding that the director(s) and shareholder will continue to support the company for the foreseeable future.
Page 5