VIRTUOSOS HOLDING LTD


Directors	MARKO, Nicholas Zoltan
	PELLER, Mariann


Company Secretary	PELLER, Mariann


Registered Address	One
	Fleet Place
	London
	EC4M 7WS


Registered Number	11281212 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		394,386		473,264
Tangible assets	4		212,018		282,713
Investments	5		308,318		183,697
			914,722		939,674
Current assets
Debtors		812,334		955,358
Cash at bank and on hand		6,459		3,738
		818,793		959,096
Creditors amounts falling due within one year		(348,236)		(605,211)
Net current assets (liabilities)			470,557		353,885
Total assets less current liabilities			1,385,279		1,293,559
Creditors amounts falling due after one year			(158,632)		(52,571)
Net assets			1,226,647		1,240,988
Capital and reserves
Called up share capital			14,930		14,930
Share premium			1,439,914		1,502,580
Profit and loss account			(228,197)		(276,522)
Shareholders' funds			1,226,647		1,240,988

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 30 September 2025, and are signed on its behalf by:

PELLER, Mariann
Director
Registered Company No. 11281212

VIRTUOSOS HOLDING LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets are amortized in equal annual instalments over the estimated economic life.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	0		0

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 January 24	788,773
	At 31 December 24	788,773
	Amortisation and impairment
	At 01 January 24	315,509
	Charge for year	78,878
	At 31 December 24	394,386
	Net book value
	At 31 December 24	394,386
	At 31 December 23	473,264

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 24	355,126
	At 31 December 24	355,126
	Depreciation and impairment
	At 01 January 24	72,413
	Charge for year	70,695
	At 31 December 24	143,108
	Net book value
	At 31 December 24	212,018
	At 31 December 23	282,713

5.	Fixed asset investments

		Total
		£
	Cost or valuation
	At 01 January 24	183,697
	Additions	124,621
	At 31 December 24	308,318
	Net book value
	At 31 December 24	308,318
	At 31 December 23	183,697