Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 04215640 Mr Luca Confalonieri Francesco Bongiorno true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04215640 2023-12-31 04215640 2024-12-31 04215640 2024-01-01 2024-12-31 04215640 frs-core:CurrentFinancialInstruments 2024-12-31 04215640 frs-core:ShareCapital 2024-12-31 04215640 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04215640 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04215640 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04215640 frs-bus:SmallEntities 2024-01-01 2024-12-31 04215640 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04215640 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04215640 1 2024-01-01 2024-12-31 04215640 frs-core:CostValuation 2023-12-31 04215640 frs-core:AdditionsToInvestments 2024-12-31 04215640 frs-core:CostValuation 2024-12-31 04215640 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 04215640 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 04215640 frs-bus:Director1 2024-01-01 2024-12-31 04215640 frs-countries:EnglandWales 2024-01-01 2024-12-31 04215640 2022-12-31 04215640 2023-12-31 04215640 2023-01-01 2023-12-31 04215640 frs-core:CurrentFinancialInstruments 2023-12-31 04215640 frs-core:ShareCapital 2023-12-31 04215640 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 04215640
Hedgeton Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Adbell Advisory Limited
Hedgeton Limited
Contents
Contents

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

Page 1
Hedgeton Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 04215640

| 2024 | 2023
--- | --- | ---
| Notes | € | € | € | €
FIXED ASSETS
Investments | 4 |  | 679,835 |  | 651,393
|  |  | 679,835 |  | 651,393
CURRENT ASSETS
Debtors | 5 | 68,100 |  | 28,096 |
Cash at bank and in hand |  | 52,787 |  | 19,496 |
|  | 120,887 |  | 47,592 |
Creditors: Amounts Falling Due Within One Year | 6 | (619,973 ) |  | (573,478 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (499,086 ) |  | (525,886 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 180,749 |  | 125,507
NET ASSETS |  |  | 180,749 |  | 125,507
CAPITAL AND RESERVES
Called up share capital | 7 |  | 14,603 |  | 14,603
Profit and Loss Account |  |  | 166,146 |  | 110,904
SHAREHOLDERS' FUNDS |  |  | 180,749 |  | 125,507

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Luca Confalonieri Director
04/11/2025

The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Hedgeton Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Hedgeton Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04215640 . The registered office is Birchin Court , 20 Birchin Lane , EC3V 9DJ.
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. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.3.
Preparation of consolidated financial statements
The financial statements contain information about Hedgeton Limited as an individual company and do not contain
consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the
Companies Act 2006 from the requirements to prepare consolidated financial statements.
The company and its subsidiary undertakings comprise of a small-sized group.
Turnover
Turnover represents amounts receivable from services rendered to subsidiaries.
Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the
extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will
be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Foreign currencies
Assets and liabilities in foreign currencies are translated into euro at the rates of exchange ruling at the balance sheet
date. Transactions in foreign currencies are translated into euro at the rate of exchange ruling at the date of
transaction. Exchange differences are taken into account in arriving at the operating result.
Page 2
Page 3
Hedgeton Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.4.
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other
Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes
party to the contractual provisions of the instrument.
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.
Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured
at transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the
present value of the future receipts discounted at a market rate of interest.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the
company after deducting all of its liabilities.
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group
companies and preference shares that are classified as debt, are initially recognised at transaction price unless the
arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the
future receipts discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or
less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price
and subsequently measured at amortised cost using the effective interest method.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends
payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments
with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in
current liabilities.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investments

| Subsidiaries | Other | Total
--- | --- | --- | ---
| € | € | €
Cost or Valuation
As at 1 January 2024 | 651,393 | - | 651,393
Additions | - | 28,442 | 28,442
As at 31 December 2024 | 651,393 | 28,442 | 679,835
Provision
As at 1 January 2024 | - | - | -
As at 31 December 2024 | - | - | -
Net Book Value
As at 31 December 2024 | 651,393 | 28,442 | 679,835
As at 1 January 2024 | 651,393 | - | 651,393

Page 3
Page 4
Hedgeton Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024

BONGIORNO France Sarl (41169135500035) |  |  |
Registered Office : France |  |  |
Nature of Business : Fowarder |  |  |
Class of Shares: Ordinary |  |  |
Percentage : 95 % |  |  |
| 2024 |  | 2023
| EURO |  | EURO
Aggregate Capital and Reserves | 378,428 |  | 297,681
Profit/(loss) for the year | 80,747 |  | 91,861

Bongiorno Spain Srl |  |  |
Registered Office: Spain |  |  |
Nature of the Business: Fowarder |  |  |
Class of Shares: Ordinary |  |  |
Percentage: 100% |  |  |
| 2024 |  | 2023
| EURO |  | EURO
Aggregate Capital and Reserves | 276,689 |  | 371,314
Profit/(Loss) for the Year | 25,375 |  | 111,492

Bongiorno Tunisie |  |  |
Registered Office: Tunisie |  |  |
Nature of the Business : Fowarder |  |  |
Class of Shares: Ordinary |  |  |
Percentage : 90% |  |  |
| 2024 |  | 2023
| EURO |  | EURO
Aggregate Capital and Reserves | 145,344 |  | 117,763
Profit/(Loss) for the year | 25,793 |  | 2,437

Hedgeton Tunisie |  |  |
Registered Office: Tunisie |  |  |
Nature of the Business: Fowarder |  |  |
Class of Shares: Ordinary |  |  |
Percentage: 90% |  |  |
| 2024 |  | 2023
| EURO |  | EURO
Aggregated Capital and Reserves | 229,295 |  | 217,623
Profit for the Year | 8,368 |  | 454.30

5. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| € |  | €
Due within one year
Prepayments and accrued income | 40,600 |  | 596
Other debtors | 27,500 |  | 27,500
| 68,100 |  | 28,096

Page 4
Page 5
Hedgeton Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
6. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| € |  | €
Other creditors | 601,969 |  | 569,716
Accruals and deferred income | 18,004 |  | 3,762
| 619,973 |  | 573,478

7. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| € |  | €
Allotted, Called up and fully paid | 14,603 |  | 14,603

8. Ultimate Controlling Party
The company's ultimate controlling party is Francesco Bongiorno by virtue of his ownership of 100% of the issued share capital in the company.
Page 5