Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09221898 Mr Bjorn Hammar Mr Per Hammar Ombea AB Ombea AB, Torbjörn Klockares g. 14, 113 63, Stockholm, Sweden false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09221898 2023-12-31 09221898 2024-12-31 09221898 2024-01-01 2024-12-31 09221898 frs-core:CurrentFinancialInstruments 2024-12-31 09221898 frs-core:Non-currentFinancialInstruments 2024-12-31 09221898 frs-core:ComputerEquipment 2024-12-31 09221898 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09221898 frs-core:ComputerEquipment 2023-12-31 09221898 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 09221898 frs-core:FurnitureFittings 2024-12-31 09221898 frs-core:FurnitureFittings 2024-01-01 2024-12-31 09221898 frs-core:FurnitureFittings 2023-12-31 09221898 frs-core:OtherResidualIntangibleAssets 2024-12-31 09221898 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 09221898 frs-core:OtherResidualIntangibleAssets 2023-12-31 09221898 frs-core:PlantMachinery 2024-12-31 09221898 frs-core:PlantMachinery 2024-01-01 2024-12-31 09221898 frs-core:PlantMachinery 2023-12-31 09221898 frs-core:ShareCapital 2024-12-31 09221898 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09221898 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09221898 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09221898 frs-bus:SmallEntities 2024-01-01 2024-12-31 09221898 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09221898 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09221898 frs-bus:OrdinaryShareClass2 2024-01-01 2024-12-31 09221898 frs-bus:OrdinaryShareClass2 2024-12-31 09221898 frs-bus:OrdinaryShareClass3 2024-01-01 2024-12-31 09221898 frs-bus:OrdinaryShareClass3 2024-12-31 09221898 1 2024-01-01 2024-12-31 09221898 frs-bus:Director1 2024-01-01 2024-12-31 09221898 frs-bus:Director2 2024-01-01 2024-12-31 09221898 frs-countries:EnglandWales 2024-01-01 2024-12-31 09221898 2022-12-31 09221898 2023-12-31 09221898 2023-01-01 2023-12-31 09221898 frs-core:CurrentFinancialInstruments 2023-12-31 09221898 frs-core:Non-currentFinancialInstruments 2023-12-31 09221898 frs-core:ShareCapital 2023-12-31 09221898 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09221898 frs-bus:OrdinaryShareClass2 2023-01-01 2023-12-31 09221898 frs-bus:OrdinaryShareClass3 2023-01-01 2023-12-31
Registered number: 09221898
Ombea Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Panthera Limited
Chartered Management Accountants
The Manor
Main Street
Grove
Oxfordshire
OX12 7JJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09221898
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 383,570 426,188
Tangible Assets 5 5 30
383,575 426,218
CURRENT ASSETS
Debtors 6 7,843 202,217
Cash at bank and in hand 325 704
8,168 202,921
Creditors: Amounts Falling Due Within One Year 7 (358,512 ) (440,226 )
NET CURRENT ASSETS (LIABILITIES) (350,344 ) (237,305 )
TOTAL ASSETS LESS CURRENT LIABILITIES 33,231 188,913
Creditors: Amounts Falling Due After More Than One Year 8 (326,209 ) (412,509 )
NET LIABILITIES (292,978 ) (223,596 )
CAPITAL AND RESERVES
Called up share capital 9 102 102
Profit and Loss Account (293,080 ) (223,698 )
SHAREHOLDERS' FUNDS (292,978) (223,596)
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 Per Hammar
Director
24/09/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ombea Ltd Registered number 09221898 is a limited by shares company incorporated in England & Wales. The Registered Office is 71-75 Shelton Street, London, United Kingdom, WC2H 9JQ.
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
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form 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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are product and trademark rights.They are amortised to the profit and loss account over the estimated economic life of 10 years.
The amortisation method was reviewed this year in line with internal policies and the Directors agreed that the product and trademark rights should be recognised to have a further 10 years of estimated economic lifespan. The amortisation policy has therefore been updated for the current year and going forward. It will be reviewed again in 3 years time.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Plant & Machinery 25% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 33.3% straight line
2.6. 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.
Page 3
Page 4
2.7. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Accounting Convention
The financial statements are prepared in GBP sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1
2024 2023
Office and administration 1 1
1 1
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 745,830
As at 31 December 2024 745,830
Amortisation
As at 1 January 2024 319,642
Provided during the period 42,618
As at 31 December 2024 362,260
Net Book Value
As at 31 December 2024 383,570
As at 1 January 2024 426,188
Page 4
Page 5
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 36,546 1,829 1,589 39,964
As at 31 December 2024 36,546 1,829 1,589 39,964
Depreciation
As at 1 January 2024 36,526 1,820 1,588 39,934
Provided during the period 20 5 - 25
As at 31 December 2024 36,546 1,825 1,588 39,959
Net Book Value
As at 31 December 2024 - 4 1 5
As at 1 January 2024 20 9 1 30
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,843 202,217
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,969 230,837
Bank loans and overdrafts 48,625 47,385
Corporation tax - 2,438
VAT 12,729 38,041
Net wages 2,785 2,785
Accruals and deferred income 285,030 113,716
Amounts owed to group undertakings 5,374 5,374
Amounts owed to parent undertaking - (350 )
358,512 440,226
Creditors due within one year include a CBILS loan for £75,000 taken out by the company in May 2020. Final repayment made in the year ended 31 December 2024.
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to parent undertaking 326,209 412,509
Page 5
Page 6
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
72 Ordinary A shares of £ 1 each 72 72
30 Ordinary B shares of £ 1 each 30 30
102 102
10. Parent Undertaking and Controlling Party
The company's immediate and parent undertaking is Ombea AB . Ombea AB was incorporated in Sweden. Copies of the group accounts may be obtained from the secretary, Ombea AB, Torbjörn Klockares g. 14, 113 63, Stockholm, Sweden . The controlling party is Ombea AB who controls 100% of the shares of Ombea Ltd .
11. Audit Information
The auditor's report on the accounts of Ombea Ltd for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Statutory Auditor.
Page 6