Registration number: 14430065

Accelerate Midco Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 7

Accelerate Midco Limited

Company Information

Directors

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

Registered office

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

Solicitors

Davidson McDonnell Solicitors 24 Waring Street Belfast BT1 2DX

Bankers

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

Auditors

RBCA Limited Linenhall Exchange 26 Linenhall Street Belfast BT2 8BG

Company number

14430065

Accelerate Midco Limited

(Registration number: 14430065)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Investments	4	1	1
Debtors	5	18,821,365	-
		18,821,366	1
Current assets
Debtors	5	-	18,821,365
Creditors: Amounts falling due within one year	6	-	(18,821,365)
Net current assets/(liabilities)		-	-
Total assets less current liabilities		18,821,366	1
Creditors: Amounts falling due after more than one year	6	(18,821,365)	-
Net assets		1	1
Capital and reserves
Called up share capital	7	1	1
Shareholders' funds		1	1

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 Midco 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 14430065.

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. The level of rounding is to the nearest £.

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

Summary of disclosure exemptions

The Company is considered a qualifying entity for the purpose of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements which include the Company and are intended to give a true and fair view.

These financial statements are consolidated in the financial statements of Accelerate Topco Limited.

Accelerate Midco Limited

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

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.

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.

Accelerate Midco Limited

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

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.

Accelerate Midco Limited

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

3	Staff numbers

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

4	Investments

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