Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 January 2023 false 22 September 2025 1 January 2024 31 December 2024 31 December 2024 04684783 Mr Arjun Batra Mr Nigel Gardiner Mr Timothy Power Mrs Emma Moore true true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04684783 2023-12-31 04684783 2024-12-31 04684783 2024-01-01 2024-12-31 04684783 frs-core:CurrentFinancialInstruments 2024-12-31 04684783 frs-core:ShareCapital 2024-12-31 04684783 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04684783 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04684783 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04684783 frs-bus:SmallEntities 2024-01-01 2024-12-31 04684783 frs-bus:Audited 2024-01-01 2024-12-31 04684783 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04684783 1 2024-01-01 2024-12-31 04684783 frs-bus:Director1 2024-01-01 2024-12-31 04684783 frs-bus:Director2 2024-01-01 2024-12-31 04684783 frs-bus:Director3 2024-01-01 2024-12-31 04684783 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 04684783 frs-countries:EnglandWales 2024-01-01 2024-12-31 04684783 frs-countries:Singapore 2024-01-01 2024-12-31 04684783 2022-12-31 04684783 2023-12-31 04684783 2023-01-01 2023-12-31 04684783 frs-core:CurrentFinancialInstruments 2023-12-31 04684783 frs-core:ShareCapital 2023-12-31 04684783 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 04684783
Drewry Financial Research Services Ltd
Financial Statements
For The Year Ended 31 December 2024
Ash & Associates
Chartered Accountants
First Floor
1A Leadenhall Market
London
EC3V 1LR
Drewry Financial Research Services Ltd
Contents
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Drewry Financial Research Services Ltd
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 04684783
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 38 76,641
Cash at bank and in hand 112,070 9,595
112,108 86,236
Creditors: Amounts Falling Due Within One Year 5 (17,427 ) (15,412 )
NET CURRENT ASSETS (LIABILITIES) 94,681 70,824
TOTAL ASSETS LESS CURRENT LIABILITIES 94,681 70,824
NET ASSETS 94,681 70,824
CAPITAL AND RESERVES
Called up share capital 6 5,000 5,000
Profit and Loss Account 89,681 65,824
SHAREHOLDERS' FUNDS 94,681 70,824
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 21 September 2025 and were signed on its behalf by:
Mr Timothy Power
Director
21st September 2025
The notes on pages 2 to 4 form part of these financial statements.
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Drewry Financial Research Services Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Drewry Financial Research Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04684783 . The registered office is 124 City Road, London, EC1V 2NX.
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
At the time of approving the financial statements, the directors have a reasonable expectation that the  company has adequate resources to continue in operational existence for the foreseeable future. Thus the  directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Significant judgements and estimations
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.6. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. 
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
...CONTINUED
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Drewry Financial Research Services Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.6. Financial Instruments - continued
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity Instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2.7. 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.
2.8. 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: 3 (2023: 3)
3 3
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Drewry Financial Research Services Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 1,377
Amounts owed by group undertakings - 75,211
Other debtors 38 53
38 76,641
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 192
Other creditors 9,500 4,500
Taxation and social security 7,927 10,720
17,427 15,412
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5,000 5,000
7. Related Party Disclosures
The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.
8. Controlling Parties
The company's immediate parent undertaking is Drewry Shipping Consultants Holdings Limited .
The ultimate parent undertaking is North South Maritime PTE. LTD (incorporated in Singapore). Its registered office is 3 Anson Road, #17-01 Springleaf Tower, Singapore, 079909 .
Copies of the group accounts may be obtained from the company's registered office.
The company's ultimate controlling party is North South Maritime PTE. LTD by virtue of their interest in the share capital of the company.
9. Audit Information
The auditor's report on the accounts of Drewry Financial Research Services Ltd for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Philippe Herszaft ACA (Senior Statutory Auditor) for and on behalf of Glazers Chartered Accountants , Statutory Auditor.
Glazers Chartered Accountants
843 Finchley Road
London
NW11 8NA
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