Acorah Software Products - Accounts Production 16.5.460 false true true 31 July 2024 1 August 2023 false 1 August 2024 31 July 2025 31 July 2025 13532075 Mr Adrian Brown Mr Nicolaas Jacobs Mr Michael Robertson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13532075 2024-07-31 13532075 2025-07-31 13532075 2024-08-01 2025-07-31 13532075 frs-core:CurrentFinancialInstruments 2025-07-31 13532075 frs-core:Non-currentFinancialInstruments 2025-07-31 13532075 frs-core:BetweenOneFiveYears 2025-07-31 13532075 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-07-31 13532075 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-01 2025-07-31 13532075 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-07-31 13532075 frs-core:OtherResidualIntangibleAssets 2025-07-31 13532075 frs-core:OtherResidualIntangibleAssets 2024-08-01 2025-07-31 13532075 frs-core:OtherResidualIntangibleAssets 2024-07-31 13532075 frs-core:WithinOneYear 2025-07-31 13532075 frs-core:OtherReservesSubtotal 2025-07-31 13532075 frs-core:ShareCapital 2025-07-31 13532075 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 13532075 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 13532075 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 13532075 frs-bus:SmallEntities 2024-08-01 2025-07-31 13532075 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 13532075 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 13532075 frs-bus:Director1 2024-08-01 2025-07-31 13532075 frs-bus:Director2 2024-08-01 2025-07-31 13532075 frs-bus:Director3 2024-08-01 2025-07-31 13532075 frs-countries:EnglandWales 2024-08-01 2025-07-31 13532075 2023-07-31 13532075 2024-07-31 13532075 2023-08-01 2024-07-31 13532075 frs-core:CurrentFinancialInstruments 2024-07-31 13532075 frs-core:Non-currentFinancialInstruments 2024-07-31 13532075 frs-core:BetweenOneFiveYears 2024-07-31 13532075 frs-core:WithinOneYear 2024-07-31 13532075 frs-core:OtherReservesSubtotal 2024-07-31 13532075 frs-core:ShareCapital 2024-07-31 13532075 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31
Registered number: 13532075
ABBEYX LTD
Unaudited Financial Statements
For The Year Ended 31 July 2025
EOACC Ltd
Collingham House
10-12 Gladstone Road
London
SW19 1QT
ABBEYX LTD
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
ABBEYX LTD
Balance Sheet
As At 31 July 2025
Balance Sheet
Registered number: 13532075

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 3,624,772 |  | 1,948,963
|  |  | 3,624,772 |  | 1,948,963
CURRENT ASSETS
Debtors | 5 | 175,570 |  | 125,076 |
Cash at bank and in hand |  | 172,598 |  | 335,779 |
|  | 348,168 |  | 460,855 |
Creditors: Amounts Falling Due Within One Year | 6 | (245,070 ) |  | (130,166 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 103,098 |  | 330,689
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 3,727,870 |  | 2,279,652
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (6,504,935 ) |  | (3,784,252 )
NET LIABILITIES |  |  | (2,777,065 ) |  | (1,504,600 )
CAPITAL AND RESERVES
Called up share capital | 8 |  | 1,000 |  | 1,000
Other reserves |  |  | 5,980 |  | -
Profit and Loss Account |  |  | (2,784,045 ) |  | (1,505,600 )
SHAREHOLDERS' FUNDS |  |  | (2,777,065) |  | (1,504,600)

Page 1
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ABBEYX LTD
Balance Sheet (continued)
As At 31 July 2025
For the year ending 31 July 2025 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 Nicolaas Jacobs Director
24/10/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
ABBEYX LTD
Notes to the Financial Statements
For The Year Ended 31 July 2025
Notes to the Financial Statements
1. General Information
ABBEYX LTD is a private company, limited by shares, incorporated in England & Wales, registered number 13532075 . The registered office is Collingham House , 10-12 Gladstone Road, Wimbledon, London, SW19 1QT.
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 company is a wholly owned subsidiary of AbbeyCross Inc. The parent undertaking has confirmed that it will continue to provide necessary working capital for a period of not less than twelve months from the date of approval of the financial statements. Accordingly, 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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from 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 trade marks. They are amortised to the profit and loss account over its estimated economic life of 15 years.
2.5. Research and Development
Expenditure on research activities is recognised in the profit and loss account as an expense as incurred.
Expenditure on development activities is capitalised if the product or process is technically and commercially feasible and the Company intends and has the technical ability and sufficient resources to complete development, future economic benefits are probable and if the Company can measure reliably the expenditure attributable to the intangible asset during its development. Development activities involve a plan or design for the production of new or substantially improved products or processes.
The expenditure capitalised is direct labour. Other development expenditure is recognised in the profit and loss account as an expense as incurred. Capitalised development expenditure is stated at cost less accumulated amortisation and less accumulated impairment losses. Capitalised development expenditure is amortised over a period of 10 years.
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.
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ABBEYX LTD
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
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 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Share based payments
Where employees of the company receive share options in the parent company, the fair value of the employee services received in exchange for the grant of the options is recognised as an expense over the vesting period. The corresponding credit is recognised in equity as a capital contribution from the parent company.
The fair value of the share-based payment is measured at the grant date using the Black-Scholes option pricing model, and is adjusted to reflect the expected number of options that will vest.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 7)
9 7
4. Intangible Assets

| Other | Development Costs | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 August 2024 | - | 1,965,341 | 1,965,341
Additions | 15,034 | 1,709,908 | 1,724,942
As at 31 July 2025 | 15,034 | 3,675,249 | 3,690,283
Amortisation
As at 1 August 2024 | - | 16,378 | 16,378
Provided during the period | - | 49,133 | 49,133
As at 31 July 2025 | - | 65,511 | 65,511
Net Book Value
As at 31 July 2025 | 15,034 | 3,609,738 | 3,624,772
As at 1 August 2024 | - | 1,948,963 | 1,948,963

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ABBEYX LTD
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 71,946 |  | -
Prepayments and accrued income | 50,722 |  | 30,074
Other debtors | 2,108 |  | 17,457
VAT | 14,794 |  | 41,545
| 139,570 |  | 89,076
Due after more than one year
Other debtors | 36,000 |  | 36,000
| 175,570 |  | 125,076

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 40,801 |  | 8,992
Other taxes and social security | 40,134 |  | 34,070
Accruals and deferred income | 164,135 |  | 87,104
| 245,070 |  | 130,166

7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Amounts owed to parent undertaking | 6,504,935 |  | 3,784,252

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,000 |  | 1,000

9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 171,818 |  | 180,000
Later than one year and not later than five years | 156,198 |  | 378,000
| 328,016 |  | 558,000

10. Related Party Disclosures
AbbeyCross IncParent companyDuring the year interest of £492,642 (2024:£279,986) was accrued on a loan from AbbeyCross Inc. At the year end the company owed AbbeyCross Inc £ 6,504,935 (2024: £ 3,784,252).The loan is unsecured, is repayble in full on 1 June 2027 and bears interest at 2% above the US Prime Rate annually.

AbbeyCross Inc

Parent company

During the year interest of £492,642 (2024:£279,986) was accrued on a loan from AbbeyCross Inc. At the year end the company owed AbbeyCross Inc £ 6,504,935 (2024: £ 3,784,252).The loan is unsecured, is repayble in full on 1 June 2027 and bears interest at 2% above the US Prime Rate annually.

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