Acorah Software Products - Accounts Production 16.1.300 false true true 31 December 2023 28 August 2023 false 19 September 2025 1 January 2024 31 December 2024 31 December 2024 15099661 Mr Marcus Rader Goodwille Limited Hostaway OY Bulevardi 21, Helsinki, 00180 true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15099661 2023-12-31 15099661 2024-12-31 15099661 2024-01-01 2024-12-31 15099661 frs-core:CurrentFinancialInstruments 2024-12-31 15099661 frs-core:OtherReservesSubtotal 2024-12-31 15099661 frs-core:ShareCapital 2024-12-31 15099661 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 15099661 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 15099661 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 15099661 frs-bus:SmallEntities 2024-01-01 2024-12-31 15099661 frs-bus:Audited 2024-01-01 2024-12-31 15099661 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 15099661 1 2024-01-01 2024-12-31 15099661 frs-bus:Director1 2024-01-01 2024-12-31 15099661 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 15099661 frs-countries:EnglandWales 2024-01-01 2024-12-31 15099661 2023-08-27 15099661 2023-12-31 15099661 2023-08-28 2023-12-31 15099661 frs-core:CurrentFinancialInstruments 2023-12-31 15099661 frs-core:OtherReservesSubtotal 2023-12-31 15099661 frs-core:ShareCapital 2023-12-31 15099661 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 15099661
Hostaway UK Limited
Financial Statements
For The Year Ended 31 December 2024
Goodwille Limited
Hostaway UK Limited
Contents
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Hostaway UK Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 15099661
31 December 2024 31 December 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 1,191 5,601
Cash at bank and in hand 233,525 9,738
234,716 15,339
Creditors: Amounts Falling Due Within One Year 5 (199,233 ) (8,697 )
NET CURRENT ASSETS (LIABILITIES) 35,483 6,642
TOTAL ASSETS LESS CURRENT LIABILITIES 35,483 6,642
NET ASSETS 35,483 6,642
CAPITAL AND RESERVES
Called up share capital 6 2 2
Other reserves 28,460 -
Profit and Loss Account 7,021 6,640
SHAREHOLDERS' FUNDS 35,483 6,642
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.
The financial statements were approved by the board of directors on 19 September 2025 and were signed on its behalf by:
Mr Marcus Rader
Director
19/09/2025
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Hostaway UK Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Hostaway UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15099661 . The registered office is 1 Chapel Street, Warwick, CV34 4HL.
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.
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. Significant judgements and estimations
The preparation of the financial statements requires management to make judgements, estimates, and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.
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 rendering of services.
Rendering of services
Revenue represents the value of services provided, net of value added tax. Revenue is recognised when the company has a contractual right to receive revenue for work undertaken.
2.5. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors and creditors, loans to and from related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.
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. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
2.8. 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.
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Hostaway UK Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.9. Debtors
Basic financial assets, including trade and other debtors, are intially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
2.10. Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
2.11. Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.
2.12. 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.
2.13. Disclosure of long or short period
The company was incorporated on 28 August 2023, preparing its first set of accounts for the short period from this date to 31 December 2023. By comparison, the current period now reflects a standard 12 months.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 7 (2023: 2)
7 2
4. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
VAT 1,191 954
Amounts owed by group undertakings - 4,647
1,191 5,601
5. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors 879 2,600
Corporation tax 9,631 2,425
Other taxes and social security 22,961 -
Other creditors 1,582 1,614
Accruals and deferred income 48,442 2,058
Amounts owed to group undertakings 115,738 -
199,233 8,697
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Hostaway UK Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
6. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 2 2
7. Dividends
No dividends were proposed or paid during the current year or prior period. 
8. Reserves
The increase in Other Reserves of £28,460 with a corresponding expense booked to the profit and loss account, is for the grant date fair value of share options in the parent company which have vested at the year end under a share scheme available to certain employees of Hostaway UK Limited.
9. Related Party Transactions
The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of Section 33. 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” not to disclose transactions with entities that are wholly owned members of the group.
10. Ultimate Parent Undertaking and Controlling Party
The parent company of the smallest group in which these financial statements are consolidated is Hostaway OY , incorporated in Finland. Copies of the group accounts may be obtained from the secretary, Bulevardi 21, Helsinki, 00180 .
11. Audit Information
The auditor's report on the accounts of Hostaway UK Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Caroline Peverett BA FCA (Senior Statutory Auditor) for and on behalf of Tuerner Audit Limited , Statutory Auditor.
Tuerner Audit Limited
Bridge House
Old Grantham Road
Whatton
Nottingham
NG13 9FG
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