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Company Registration No. 14538481 (England and Wales)
PAYFUTURE SOFTWARE LIMITED Unaudited accounts for the period from 1 June 2024 to 31 December 2024
PAYFUTURE SOFTWARE LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PAYFUTURE SOFTWARE LIMITED Company Information for the period from 1 June 2024 to 31 December 2024
Directors
Mr Manpreet Singh Haer Mr Ramon Montebello
Company Number
14538481 (England and Wales)
Registered Office
C/O BENISON SOLVERS LIMITED 1000 GREAT W BRENTFORD MIDDLESEX TW8 9DW UNITED KINGDOM
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PAYFUTURE SOFTWARE LIMITED Statement of financial position as at 31 December 2024
31/12/2024 
31/05/2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,657 
- 
Current assets
Debtors
504,551 
781,547 
Cash at bank and in hand
24,153 
181,388 
528,704 
962,935 
Creditors: amounts falling due within one year
(529,369)
(962,835)
Net current (liabilities)/assets
(665)
100 
Total assets less current liabilities
1,992 
100 
Provisions for liabilities
Deferred tax
(505)
- 
Net assets
1,487 
100 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,387 
- 
Shareholders' funds
1,487 
100 
For the period 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.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 December 2025 and were signed on its behalf by
Mr Manpreet Singh Haer Director Company Registration No. 14538481
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PAYFUTURE SOFTWARE LIMITED Notes to the Accounts for the period from 1 June 2024 to 31 December 2024
1
Statutory information
PAYFUTURE SOFTWARE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14538481. The registered office is C/O BENISON SOLVERS LIMITED 1000 GREAT W, BRENTFORD, MIDDLESEX, TW8 9DW, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% on reducing balance
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 June 2024
- 
Additions
4,182 
At 31 December 2024
4,182 
Depreciation
Charge for the period
1,525 
At 31 December 2024
1,525 
Net book value
At 31 December 2024
2,657 
5
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr Manpreet Singh Haer
(2,268)
15,168 
55 
12,845 
(2,268)
15,168 
55 
12,845 
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PAYFUTURE SOFTWARE LIMITED Notes to the Accounts for the period from 1 June 2024 to 31 December 2024
6
Transactions with related parties
Amounts Included in Other Creditors: £51,436 (31st May 2024 : £27,275) is owed to PF Partners, where Mr. Manpreet Singh Haer is a managing partner. £110,617 (31st May 2024 : (£18,710)) is owed to Processing Opportunities Ltd £176,068 (31st May 2024: (£3,225)) is owed to Payfuture Technologies LLC (UAE) Amounts Included in Other Debtors: £26,204 (31st May 2024 : £128,584) due from Payfuture Ltd. £159,531 (31st May 2024 : £83,626) due from Payfuture MT Ltd (Malta). Mr. Manpreet Singh Haer is a common director in all the above entities. Details of Transactions with Related Parties The main business conducted with the associate entities was the provision of support services. These services were received during the year to provide services to customers on the Gateway technology platform. All transactions with related parties were conducted on an arm's length basis and are in the normal course of business.
7
Average number of employees
During the period the average number of employees was 0 (31/05/2024: 0).
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