Registration number: 14429660

Accelerate Holdco Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 6

Accelerate Holdco Limited

Company Information

Directors

Mr A L Johnston Mr T J Elliott Mr F I O'Kane

Registered office

Technology House, Western Way, Bury St. Edmunds IP33 3SP

Auditors

RBCA Limited Linenhall Exchange 26 Linenhall Street Belfast BT2 8BG

Company number

14429660

Solicitors

Davidson McDonnell Solicitors 24 Waring Street Belfast BT1 2DX

Bankers

Danske Bank Belfast Business Centre Donegall Square West Belfast BT1 6JS

Accelerate Holdco Limited

(Registration number: 14429660)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Investments		1	1
Current assets
Debtors	5	24,995,176	24,976,039
Creditors: Amounts falling due within one year	6	(10,328,515)	(10,328,515)
Net current assets		14,666,661	14,647,524
Total assets less current liabilities		14,666,662	14,647,525
Creditors: Amounts falling due after more than one year	6	(17,836,739)	(16,182,759)
Net liabilities		(3,170,077)	(1,535,234)
Capital and reserves
Called up share capital	7	1	1
Retained earnings		(3,170,078)	(1,535,235)
Shareholders' deficit		(3,170,077)	(1,535,234)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 June 2025 and signed on its behalf by:
 

......................................... Mr A L Johnston Director

Accelerate Holdco Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales. The registration number is 14429660.

The address of its registered office is:
Technology House,
Western Way,
Bury St. Edmunds
IP33 3SP
England

These financial statements were authorised for issue by the Board on 16 June 2025.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. The financial statements for the year ended 31 December 2023 were unaudited. In forming our opinion on the financial statements for the year ended 31 December 2024, which is not modified, we have obtained sufficient appropriate audit evidence that the opening balances do not contain material misstatements that materially affect the current period's financial statements..

The name of the Senior Statutory Auditor who signed the audit report on 18 June 2025 was Ross Boyd, who signed for and on behalf of RBCA Limited.

.........................................

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Accelerate Holdco Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

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.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

4	Investments

Accelerate Holdco Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

	2024		2023
	£		£
Investments in shares in group undertakings	1		1

5

Debtors

Current	Note	2024 £	2023 £
Amounts owed by group undertakings	8	24,959,802	24,976,039
Other debtors		35,374	-
		24,995,176	24,976,039

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Amounts owed to group undertakings	8	10,328,515	10,328,515

Creditors: amounts falling due after more than one year

	2024 £	2023 £
Due after one year
Other non-current financial liabilities	17,836,739	16,182,759

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	1	1	1	1

8	Related party transactions

As the company is a wholly owned subsidiary, the directors have taken advantage of the exemption from disclosing related party transactions with other wholly owned group companies, in accordance with FRS 102.

No other transactions with related parties were undertaken that are required to be disclosed under FRS 102 Section 1A.

Accelerate Holdco Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

9	Controlling party

The ultimate parent company is Accelerate Topco Limited, incorporated in England and Wales since 14 December 2022. The registered office address is Technology House, Western Way, Bury St. Edmunds, Suffolk, England, IP33 3SP.