Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 January 2023 false 25 September 2025 1 January 2024 31 December 2024 31 December 2024 13545906 Mr Ampere Chan true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13545906 2023-12-31 13545906 2024-12-31 13545906 2024-01-01 2024-12-31 13545906 frs-core:CurrentFinancialInstruments 2024-12-31 13545906 frs-core:ShareCapital 2024-12-31 13545906 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13545906 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13545906 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13545906 frs-bus:SmallEntities 2024-01-01 2024-12-31 13545906 frs-bus:Audited 2024-01-01 2024-12-31 13545906 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13545906 1 2024-01-01 2024-12-31 13545906 frs-core:ListedExchangeTraded 2024-12-31 13545906 frs-core:ListedExchangeTraded 2023-12-31 13545906 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-12-31 13545906 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-12-31 13545906 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-12-31 13545906 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-12-31 13545906 frs-bus:Director1 2024-01-01 2024-12-31 13545906 frs-countries:EnglandWales 2024-01-01 2024-12-31 13545906 2022-12-31 13545906 2023-12-31 13545906 2023-01-01 2023-12-31 13545906 frs-core:CurrentFinancialInstruments 2023-12-31 13545906 frs-core:ShareCapital 2023-12-31 13545906 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13545906
Pender Software Holdings Midco (UK) Ltd (formerly Pluribus Technologies Ltd)
Financial Statements
For The Year Ended 31 December 2024
Eclipse Accountancy Ltd
Chartered Accountants
Fareham Innovation Centre
Merlin House
4 Meteor Way, Lee-on-the-Solent
Hampshire
PO13 9FU
Pender Software Holdings Midco (UK) Ltd (formerly Pluribus Technologies Ltd)
Contents
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—5
Page 1
Pender Software Holdings Midco (UK) Ltd (formerly Pluribus Technologies Ltd)
Statement of Financial Position
As At 31 December 2024
Statement of Financial Position
Registered number: 13545906
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 6,276,690 6,276,690
6,276,690 6,276,690
CURRENT ASSETS
Debtors 5 - 502
- 502
Creditors: Amounts Falling Due Within One Year 6 (1,820,694 ) (12,099,568 )
NET CURRENT ASSETS (LIABILITIES) (1,820,694 ) (12,099,066 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,455,996 (5,822,376 )
PROVISIONS FOR LIABILITIES
Provisions For Charges - (165,994 )
NET ASSETS/(LIABILITIES) 4,455,996 (5,988,370 )
CAPITAL AND RESERVES
Called up share capital 7 6,368,219 1
Income Statement (1,912,223 ) (5,988,371 )
SHAREHOLDERS' FUNDS 4,455,996 (5,988,370)
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 Income Statement.
On behalf of the board
Mr Ampere Chan
Director
24th September 2025
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Pender Software Holdings Midco (UK) Ltd (formerly Pluribus Technologies Ltd)
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Pender Software Holdings Midco (UK) Ltd (formerly Pluribus Technologies Ltd) is a private company, limited by shares, incorporated in England & Wales, registered number 13545906 . The registered office is C/O Eclipse Accountancy Ltd, Fareham Innovation Centre, Merlin House, 4 Meteor Way, Lee-on-the-Solent, Hampshire, PO13 9FU.  
On 30 October 2024, the company changed its name from Pluribus Technologies Limited to Pender Software Holdings Midco (UK) Ltd. These financial statements are prepared under the new name, but comparative figures relate to the same entity.
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 financial statements have been prepared on a going concern basis which the director considers to be appropriate for the reason that the Company has obtained the financial support letter from the parent company, for 12 months from the date of the financial statements approval. This letter confirms that the parent company has the financial resources available and will provide the financial support needed for at least twelve months from the approval of these financial statements. The director has assessed the parent company’s ability to provide financial support to the Company and is satisfied that they are able to do so for the foreseeable future.
As a result of the Company’s performance and financial position post year end, the director does not consider there to be any material uncertainty relating to the Company’s ability to continue as a going concern and have prepared the financial statements on a going concern basis.
2.3. Significant judgements and estimations
Estimates and judgements are continually evaluated and are based on historical experience and other factors including expectations of future events that are believed to be reasonable under the circumstances. 
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:
(i) Impairment of non-current assets
The company makes an estimate of the recoverable amount of the Company and compares this against the carrying amount of assets in the company to ensure no impairment of the asset. Any impairment would be booked in the year that it is indicated.
2.4. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities, such as trade and other debtors, creditors and loans to related parties. 
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.
2.5. Foreign Currencies
Functional and presentation currency 
The Company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and nonmonetary items measured at fair value are measured using the exchange rate when fair value was determined.
Page 2
Page 3
Pender Software Holdings Midco (UK) Ltd (formerly Pluribus Technologies Ltd)
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.6. 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.
2.7. Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
The cost of the investments include the estimated amount of deferred consideration that is probable and can be measured reliabily, and is considered for adjustment at the end of each period for changes in deferred consideration after the acqusition dates.
2.8. Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Contingent consideration is charged against the cost of the fixed asset investments, and are revalued at the best estimate at each reporting date.
Other provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the 
best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investments
Listed
£
Cost or Valuation
As at 1 January 2024 12,256,372
As at 31 December 2024 12,256,372
Provision
As at 1 January 2024 5,979,682
As at 31 December 2024 5,979,682
...CONTINUED
Page 3
Page 4
Pender Software Holdings Midco (UK) Ltd (formerly Pluribus Technologies Ltd)
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
Net Book Value
As at 31 December 2024 6,276,690
As at 1 January 2024 6,276,690
Investments in subsidiaries are measured at cost less accumulated impairment.
The cost of the investments include the estimated amount of deferred consideration that is probable and can be measured reliabily, and is considered for adjustment at the end of each period for changes in deferred consideration after the acqusition dates.
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 502
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to group undertakings 1,817,394 12,056,159
Other creditors 3,300 10,250
Taxation and social security - 33,159
1,820,694 12,099,568
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6,368,219 1
8. Ultimate Parent Undertaking and Controlling Party
Up to 11 October 2024, the immediate parent company was Pluribus Technologies Corp, whose registered office is 111 Peter Street, Suite 503, Toronto, ON, M5V 2H1, Canada.
From 11 October 2024, the immediate parent company is Pender Software Holdings (UK) Ltd (registered number: 15953540), whose registered office is Eclipse Accountancy, Fareham Innovation Centre Merlin House, 4 Meteor Way, Lee-On-The Solent, Hampshire, England, PO13 9FU.
Up to 11 October 2024, the directors considered Pluribus Technologies Corp. to be the company's ultimate parent undertaking and the head of the smallest group for which consolidated financial statements are drawn up. The company's registered office is 111 Peter Street, Suite 503, Toronto, ON, M5V 2H1, Canada.
From 11 October 2024, the directors considered that Pender Software Holdings Ltd is the company's ultimate parent undertaking and the head of the smallest group for which consolidated financial statements are drawn up. The company's registered office is Fasken Martineau DuMoulin LLP, 2900-550 Burrard Street, Vancouver, British Columbia, Canada, V6C 0A3.
Page 4
Page 5
Pender Software Holdings Midco (UK) Ltd (formerly Pluribus Technologies Ltd)
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
9. Audit Information
The auditor's report on the accounts of Pender Software Holdings Midco (UK) Ltd (formerly Pluribus Technologies Ltd) for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Angela Trainor (Senior Statutory Auditor) for and on behalf of HJS Accountants Limited , Statutory Auditor.
HJS Accountants Limited
Tagus House
9 Ocean Way
Southampton
Hampshire
SO14 3TJ
Page 5