Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 12053209 Mr Benedict Lister Mr Jonathan Stewart Mr Grant Twine Mr Simon Young Imperium Group Holdings Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12053209 2023-12-31 12053209 2024-12-31 12053209 2024-01-01 2024-12-31 12053209 frs-core:BetweenOneFiveYears 2024-12-31 12053209 frs-core:ComputerEquipment 2024-01-01 2024-12-31 12053209 frs-core:MoreThanFiveYears 2024-12-31 12053209 frs-core:WithinOneYear 2024-12-31 12053209 frs-core:ShareCapital 2024-12-31 12053209 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12053209 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12053209 frs-bus:AbridgedAccounts 2024-01-01 2024-12-31 12053209 frs-bus:SmallEntities 2024-01-01 2024-12-31 12053209 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12053209 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12053209 1 2024-01-01 2024-12-31 12053209 frs-core:CostValuation 2023-12-31 12053209 frs-core:AdditionsToInvestments 2024-12-31 12053209 frs-core:CostValuation 2024-12-31 12053209 frs-bus:Director1 2024-01-01 2024-12-31 12053209 frs-bus:Director2 2024-01-01 2024-12-31 12053209 frs-bus:Director3 2024-01-01 2024-12-31 12053209 frs-bus:Director4 2024-01-01 2024-12-31 12053209 frs-countries:EnglandWales 2024-01-01 2024-12-31 12053209 2022-12-31 12053209 2023-12-31 12053209 2023-01-01 2023-12-31 12053209 frs-core:BetweenOneFiveYears 2023-12-31 12053209 frs-core:MoreThanFiveYears 2023-12-31 12053209 frs-core:WithinOneYear 2023-12-31 12053209 frs-core:ShareCapital 2023-12-31 12053209 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 12053209
Imperium Trust Company (UK) Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2024
Imperium Trust Company (UK) Limited
Contents
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Imperium Trust Company (UK) Limited
Abridged Balance Sheet
As At 31 December 2024
Abridged Balance Sheet
Registered number: 12053209
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,430 303
Investments 5 3,635,957 3,497,186
3,638,387 3,497,489
CURRENT ASSETS
Debtors 442,887 384,515
Cash at bank and in hand 59,260 34,644
502,147 419,159
Creditors: Amounts Falling Due Within One Year (2,158,349 ) (3,743,802 )
NET CURRENT ASSETS (LIABILITIES) (1,656,202 ) (3,324,643 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,982,185 172,846
NET ASSETS 1,982,185 172,846
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 1,982,085 172,746
SHAREHOLDERS' FUNDS 1,982,185 172,846
Page 1
Page 2
Imperium Trust Company (UK) Limited
Abridged 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Grant Twine
Director
15/09/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Imperium Trust Company (UK) Limited
Notes to the Abridged Financial Statements
For The Year Ended 31 December 2024
Notes to the Abridged Financial Statements
1. General Information
Imperium Trust Company (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12053209 . The registered office is 15 Hanover Square, Mayfair, London, W1S 1HS.
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:
Computer Equipment straight line over 3 years
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 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.
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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 20 (2023: 8)
20 8
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Imperium Trust Company (UK) Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 December 2024
4. Tangible Assets
Total
£
Cost
As at 1 January 2024 683
Additions 3,141
As at 31 December 2024 3,824
Depreciation
As at 1 January 2024 380
Provided during the period 1,014
As at 31 December 2024 1,394
Net Book Value
As at 31 December 2024 2,430
As at 1 January 2024 303
5. Investments
Total
£
Cost
As at 1 January 2024 3,497,186
Additions 138,771
As at 31 December 2024 3,635,957
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 3,635,957
As at 1 January 2024 3,497,186
On 12 June 2023 Imperium Trust Company (UK) Limited purchased Magentum Tax and Accounting Limited (name changed to Imperium Tax and Accounting Limited, Registered number 13392928). The addition in year of £138,771 relates to the final consideration regarding the purchase.
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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Imperium Trust Company (UK) Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 December 2024
7. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 54,854 27,900
Later than one year and not later than five years 149,485 -
Later than five years 20,737 -
225,076 27,900
8. Related Party Transactions
Imperium Group Holdings LimitedUltimate Group Holding CompanyCosts were recharged by Imperium Group Holdings Limited of £23,719 in year including £3,662 of IT costs, £9,038 of staff costs, £9,237 of insurance, £138 of travel and £1,644 of marketing costs. Costs were oncharged to Imperium Group Holdings Limited of £24,594 in year including £14,358 of staff costs, £9,844 of rent and £393 of travel costs A debtor balance of £2,295 (2023 : £1,540 creditor) was shown at the year end.

Imperium Group Holdings Limited

Ultimate Group Holding Company

Costs were recharged by Imperium Group Holdings Limited of £23,719 in year including £3,662 of IT costs, £9,038 of staff costs, £9,237 of insurance, £138 of travel and £1,644 of marketing costs. Costs were oncharged to Imperium Group Holdings Limited of £24,594 in year including £14,358 of staff costs, £9,844 of rent and £393 of travel costs A debtor balance of £2,295 (2023 : £1,540 creditor) was shown at the year end.

Imperium Tax and Accounting LimitedSubsidiary of Imperium Trust Company (UK) LimitedCosts of £40,027 (2023 : £nil) relating to legal and professional fees, salaries and sundry expenses were oncharged to Imperium Tax and Accounting Limited in year. Costs of £405,457 (2023 : £29,089) were recharged by the Parent company to Imperium Tax and Accounting Limited regarding salaries, consultancy and sundry expenses. A debtor balance of £20,527 (2023 : £5,963) is shown at the year end.

Imperium Tax and Accounting Limited

Subsidiary of Imperium Trust Company (UK) Limited

Costs of £40,027 (2023 : £nil) relating to legal and professional fees, salaries and sundry expenses were oncharged to Imperium Tax and Accounting Limited in year. Costs of £405,457 (2023 : £29,089) were recharged by the Parent company to Imperium Tax and Accounting Limited regarding salaries, consultancy and sundry expenses. A debtor balance of £20,527 (2023 : £5,963) is shown at the year end.

Vicena International LimitedSubsidiary of Imperium Trust Company (UK) LimitedCosts of £469,904 (2023 : £176,978) relating to employee costs, computer software and consumables and sundry expenses were oncharged to Vicena International Limited in year. Costs of £50,843 (net costs 2023 : £72,124) were recharged by the Parent company to Vicena International Limited regarding salaries, marketing, computer software and consumables and sundry expenses. A debtor balance of £nil (2023 : £693,710) is shown at the year end.

Vicena International Limited

Subsidiary of Imperium Trust Company (UK) Limited

Costs of £469,904 (2023 : £176,978) relating to employee costs, computer software and consumables and sundry expenses were oncharged to Vicena International Limited in year. Costs of £50,843 (net costs 2023 : £72,124) were recharged by the Parent company to Vicena International Limited regarding salaries, marketing, computer software and consumables and sundry expenses. A debtor balance of £nil (2023 : £693,710) is shown at the year end.

Page Tax Consulting LLPSubsidiary of Imperium Trust Company (UK) LimitedCosts of £546,451 (2023 : £281,231) relating to employee costs, computer software and consumables and sundry expenses were oncharged to Page Tax Consulting LLP in year. A creditor balance of £nil (2023 : £17,648) is shown at the year end.

Page Tax Consulting LLP

Subsidiary of Imperium Trust Company (UK) Limited

Costs of £546,451 (2023 : £281,231) relating to employee costs, computer software and consumables and sundry expenses were oncharged to Page Tax Consulting LLP in year. A creditor balance of £nil (2023 : £17,648) is shown at the year end.

9. Ultimate Controlling Party
The company's ultimate controlling party is Imperium Group Holdings Limited by virtue of its ownership of 100% of the issued share capital in the company.
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