Acorah Software Products - Accounts Production 16.6.920 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08238800 M Kantel G Faccenda iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08238800 2023-12-31 08238800 2024-12-31 08238800 2024-01-01 2024-12-31 08238800 frs-core:CurrentFinancialInstruments 2024-12-31 08238800 frs-core:ShareCapital 2024-12-31 08238800 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08238800 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08238800 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08238800 frs-bus:SmallEntities 2024-01-01 2024-12-31 08238800 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08238800 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08238800 frs-core:CostValuation 2023-12-31 08238800 frs-core:CostValuation 2024-12-31 08238800 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 08238800 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 08238800 frs-bus:Director1 2024-01-01 2024-12-31 08238800 frs-bus:Director2 2024-01-01 2024-12-31 08238800 frs-countries:EnglandWales 2024-01-01 2024-12-31 08238800 2022-12-31 08238800 2023-12-31 08238800 2023-01-01 2023-12-31 08238800 frs-core:CurrentFinancialInstruments 2023-12-31 08238800 frs-core:ShareCapital 2023-12-31 08238800 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08238800
Terratrends Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Terratrends Limited
Contents
Contents

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

Page 1
Terratrends Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 08238800

| 2024 | 2023
--- | --- | ---
| Notes | $ | $ | $ | $
FIXED ASSETS
Investments | 4 |  | 1,500,000 |  | 1,500,000
|  |  | 1,500,000 |  | 1,500,000
CURRENT ASSETS
Debtors | 5 | 5,313,579 |  | 3,658,789 |
Cash at bank and in hand |  | 435,266 |  | 848,524 |
|  | 5,748,845 |  | 4,507,313 |
Creditors: Amounts Falling Due Within One Year | 6 | (6,248,791 ) |  | (4,810,162 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (499,946 ) |  | (302,849 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,000,054 |  | 1,197,151
NET ASSETS |  |  | 1,000,054 |  | 1,197,151
CAPITAL AND RESERVES
Called up share capital | 7 |  | 161 |  | 161
Profit and Loss Account |  |  | 999,893 |  | 1,196,990
SHAREHOLDERS' FUNDS |  |  | 1,000,054 |  | 1,197,151

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 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

M Kantel Director
08/09/2025

The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Terratrends Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Terratrends Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08238800 . The registered office is 85 Great Portland Street, London, W1W 7LT.
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 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.
2.3. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investments

| Subsidiaries
--- | ---
| $
Cost or Valuation
As at 1 January 2024 | 1,500,000
As at 31 December 2024 | 1,500,000
Provision
As at 1 January 2024 | -
As at 31 December 2024 | -
Net Book Value
As at 31 December 2024 | 1,500,000
As at 1 January 2024 | 1,500,000

Page 2
Page 3
Terratrends Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
5. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| $ |  | $
Due within one year
Trade debtors | 2,377,058 |  | 2,555,066
Other debtors | 2,936,521 |  | 1,103,723
| 5,313,579 |  | 3,658,789

6. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| $ |  | $
Trade creditors | 1,480,620 |  | 42,166
Other creditors | 4,768,171 |  | 4,767,996
| 6,248,791 |  | 4,810,162

7. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| $ |  | $
Allotted, Called up and fully paid | 161 |  | 161

Page 3