ACCOUNTS - Final Accounts

Registered number: 13075964

FORBURY PROPERTY VALUATION SOLUTIONS (UK) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024


FORBURY PROPERTY VALUATION SOLUTIONS (UK) LIMITED

CONTENTS

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


FORBURY PROPERTY VALUATION SOLUTIONS (UK) LIMITED REGISTERED NUMBER:13075964

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

	2024	2023
Note	£	£

Current assets
Debtors: amounts falling due within one year	4	836,446	374,462
Cash at bank and in hand		64,067	24,067
		900,513	398,529
Current liabilities
Creditors: amounts falling due within one year	5	(890,596)	(404,400)
Net assets/(liabilities)		9,917	(5,871)

Capital and reserves
Called up share capital	6	100	100
Profit and loss account		9,817	(5,971)
		9,917	(5,871)

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


FORBURY PROPERTY VALUATION SOLUTIONS (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Forbury Property Valuation Solutions (UK) Limited is a private limited liability company incorporated in England and Wales with its registered office address at 2nd Floor 74 Wigmore Street, London, W1U 2SQ.
The principal activity of the Company continued to be the development and provision of software solutions designed for the valuation and analysis of commercial property portfolios within the UK.

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 comprises the amounts received and receivable for services supplied to customers in the ordinary course of business. Sales of services and training are recognised in the accounting period in which the services are rendered. Customer licence fees are billed annually in advance which gives rise to a deferred revenue balance for a portion of licence fees at the reporting date.

2.3

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.

Page 2


FORBURY PROPERTY VALUATION SOLUTIONS (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Pensions

Defined contribution pension plan
The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds

2.5

Taxation

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.

2.6

Debtors

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

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

2.8

Creditors

Short-term creditors are measured at the transaction price.

3.	Employees
	The average monthly number of employees, including directors, for the period to 30 June 2024 was 8 (2023 - 6). From 1 July 2024, all staff are employed by the parent company and their salary costs are recharged at cost.

Page 3


FORBURY PROPERTY VALUATION SOLUTIONS (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£

Trade debtors	95,315	57,774
Amounts owed by group undertakings	667,815	315,323
Other debtors	18,439	1,365
Prepayments and accrued income	54,877	-
	836,446	374,462

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

Trade creditors	2,222	-
Amounts owed to group undertakings	519,618	65,000
Taxation and social security	-	61,147
Other creditors	-	5,542
Accruals and deferred income	368,756	272,711
	890,596	404,400

6.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

100 (2023 - 100) Ordinary shares of £1 each	100	100

7.	Related party transactions
	The Company has taken advantage of the exemption under FRS102 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.

8.	Controlling party

The Company is a wholly owned subsidiary of Argus Software (UK) Limited, a company registered in England and Wales. 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's website at www.altusgroup.com.

Page 4


FORBURY PROPERTY VALUATION SOLUTIONS (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

9.	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