ACCOUNTS - Final Accounts

Registered number: 08891597

ESTATE MASTER UK LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024


ESTATE MASTER UK LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 5


ESTATE MASTER UK LIMITED REGISTERED NUMBER:08891597

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

	2024	2023
Note	£	£

Current assets
Debtors: amounts falling due after more than one year	4	15,389	-
Debtors: amounts falling due within one year	4	67,345	75,209
Cash at bank and in hand		115,395	88,513
		198,129	163,722
Current liabilities
Creditors: amounts falling due within one year	5	(25,636)	(27,051)
Net assets		172,493	136,671

Capital and reserves
Called up share capital	7	1	1
Profit and loss account		172,492	136,670
		172,493	136,671

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 September 2025.

D H Ross

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1


ESTATE MASTER UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Estate Master UK Limited is a private limited liability company incorporated in England and Wales, with its registered office at 2nd Floor, 74 Wigmore Street, London, W1U 2SQ.
The principal activity of the Company is that of a dedicated software house that has developed advanced systems for the real estate sector.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding value added tax.
Revenue for software sales and training is recognised at the point of supply.
Revenue for support service is recognised evenly over the period of the contract.
Revenue for subscription income is recognised dependant on the nature of the subscription. Right of use subscriptions, where a license is transferred to the customer for the length of the contract are recognised 50% at the point of supply, and the remainder recognised evenly over the period of the contract. Right of access subscriptions, where the Company retains control of the license are recognised evenly over the period of the contract.
Revenue received in advance of future services is carried forward as deferred income.

2.3

Debtors

Short term debtors are measured at the transaction price, less any impairment.

2.4

Cash and cash equivalents

Cash is represented by cash in hand with financial institutions.

2.5

Creditors

Short term creditors are measured at the transaction price.

Page 2


ESTATE MASTER UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Foreign currency translation

Functional and presentation currency
The Company's functional and presentational currency is £ Sterling.
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 non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

3.	Employees
	The Company had no employees during the current and preceding year.

Page 3


ESTATE MASTER UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Debtors
		2024	2023
		£	£

Due after more than one year
Deferred tax asset	15,389	-

					2024	2023
					£	£

Due within one year
Trade debtors	2,859	12,425
Amounts owed by group undertakings	64,053	62,784
Prepayments and accrued income	433	-
	67,345	75,209

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	2,700	-
Amounts owed to group undertakings	10,761	12,696
Taxation and social security	272	253
Other creditors	590	-
Accruals and deferred income	11,313	14,102
	25,636	27,051

6.	Deferred taxation

		2024
		£
	Charge for the year	15,389
	At end of year	15,389

The deferred tax asset is made up as follows:
	2024	2023
	£	£

Tax losses carried forward

15,389

Page 4


ESTATE MASTER UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

1 (2023 - 1) Ordinary share of £1	1	1

8.	Related party transactions
	The Company has taken advantage of the exemption under FRS 102 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.

9.	Controlling party

The Company is a wholly owned subsidiary of Estate Master Group Holdings Pty Limited, a company incorporated in Australia. The directors regard Altus Group Limited, a company incorporated in Toronto, Ontario, Canada as the ultimate parent undertaking. Group accounts are available from the Altus Group website at www.altusgroup.com.

10.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 29 September 2025 by Stephen Iseman FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

Page 5