Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10548581 Mr Stefano Russo Mr Alessio Russo Mr Alessio Russo true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10548581 2023-12-31 10548581 2024-12-31 10548581 2024-01-01 2024-12-31 10548581 frs-core:CurrentFinancialInstruments 2024-12-31 10548581 frs-core:Non-currentFinancialInstruments 2024-12-31 10548581 frs-core:ComputerEquipment 2024-12-31 10548581 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10548581 frs-core:ComputerEquipment 2023-12-31 10548581 frs-core:ShareCapital 2024-12-31 10548581 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10548581 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10548581 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10548581 frs-bus:SmallEntities 2024-01-01 2024-12-31 10548581 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10548581 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10548581 1 2024-01-01 2024-12-31 10548581 frs-core:CostValuation 2023-12-31 10548581 frs-core:AdditionsToInvestments 2024-12-31 10548581 frs-core:DisposalsRepaymentsInvestments 2024-12-31 10548581 frs-core:CostValuation 2024-12-31 10548581 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 10548581 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 10548581 frs-core:ListedExchangeTraded 2024-12-31 10548581 frs-core:ListedExchangeTraded 2023-12-31 10548581 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-12-31 10548581 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-12-31 10548581 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-12-31 10548581 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-12-31 10548581 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-12-31 10548581 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-12-31 10548581 frs-bus:Director1 2024-01-01 2024-12-31 10548581 frs-bus:Director2 2024-01-01 2024-12-31 10548581 frs-core:CurrentFinancialInstruments 1 2024-12-31 10548581 frs-core:Non-currentFinancialInstruments 1 2024-12-31 10548581 frs-core:CurrentFinancialInstruments 2 2024-12-31 10548581 frs-core:CurrentFinancialInstruments 4 2024-12-31 10548581 frs-countries:EnglandWales 2024-01-01 2024-12-31 10548581 2022-12-31 10548581 2023-12-31 10548581 2023-01-01 2023-12-31 10548581 frs-core:CurrentFinancialInstruments 2023-12-31 10548581 frs-core:Non-currentFinancialInstruments 2023-12-31 10548581 frs-core:ShareCapital 2023-12-31 10548581 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10548581 frs-core:CurrentFinancialInstruments 1 2023-12-31 10548581 frs-core:Non-currentFinancialInstruments 1 2023-12-31 10548581 frs-core:CurrentFinancialInstruments 2 2023-12-31 10548581 frs-core:CurrentFinancialInstruments 4 2023-12-31
Registered number: 10548581
Leal Holding Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Tax and Advise Ltd
19 The Circle
Queen Elizabeth Street
London
SE1 2JE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10548581
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 1,104
Investments 5 2,256,311 2,400,193
2,256,311 2,401,297
CURRENT ASSETS
Debtors 6 1,075,455 1,064,410
Investments 7 576,075 -
Cash at bank and in hand 6,808 11,248
1,658,338 1,075,658
Creditors: Amounts Falling Due Within One Year 8 (4,872 ) (965 )
NET CURRENT ASSETS (LIABILITIES) 1,653,466 1,074,693
TOTAL ASSETS LESS CURRENT LIABILITIES 3,909,777 3,475,990
Creditors: Amounts Falling Due After More Than One Year 9 (1,411,831 ) (3,112,718 )
NET ASSETS 2,497,946 363,272
CAPITAL AND RESERVES
Called up share capital 10 586,561 586,561
Profit and Loss Account 1,911,385 (223,289 )
SHAREHOLDERS' FUNDS 2,497,946 363,272
Page 1
Page 2
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 Stefano Russo
Director
31/07/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Leal Holding Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10548581 . The registered office is 19 The Circle, Queen Elizabeth Street, London, England, SE1 2JE.
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. 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 25% SLM
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Office Equipment
£
Cost
As at 1 January 2024 4,448
As at 31 December 2024 4,448
Depreciation
As at 1 January 2024 3,344
Provided during the period 1,104
As at 31 December 2024 4,448
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 1,104
Page 3
Page 4
5. Investments
Listed Other Total
£ £ £
Cost
As at 1 January 2024 1,303,443 1,096,750 2,400,193
Additions 953,708 - 953,708
Disposals (840 ) (1,096,750 ) (1,097,590 )
As at 31 December 2024 2,256,311 - 2,256,311
Provision
As at 1 January 2024 - - -
As at 31 December 2024 - - -
Net Book Value
As at 31 December 2024 2,256,311 - 2,256,311
As at 1 January 2024 1,303,443 1,096,750 2,400,193
List of holdings of Leal Holding Ltd
1) Green Arrow Capital SPA -  £2,251,871.64
2) LV1 SRL - £2,219.75
3) LV2 SRL - £2,219.75
6. Debtors
2024 2023
£ £
Due within one year
Intercompany Loan - LV1 SRL 146,949 146,949
Intercomoany loan - LV2 SRL 143,321 143,321
Vendor Loan - Green Arrow Capital Asset SPA 349,832 349,832
VAM 16 11,045 -
651,147 640,102
Due after more than one year
Long term loan - GAC New Co SRL 139,823 139,823
Long term loan - GAC AM1 SRL 284,485 284,485
424,308 424,308
1,075,455 1,064,410
7. Current Asset Investments
2024 2023
£ £
Short term deposits 576,075 -
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,960 -
Bank loans and overdrafts - 53
Dividend Payable 912 912
4,872 965
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Longterm shareholder loan 1,411,831 3,112,718
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 586,561 586,561
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr Alessio Russo by virtue of his ownership of 75% or more of the issued share capital in the company.
Page 5