Acorah Software Products - Accounts Production 16.8.310 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 13525772 M A Mckelvey A J Safdie Omar Holdings US Llc true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13525772 2023-12-31 13525772 2024-12-31 13525772 2024-01-01 2024-12-31 13525772 frs-core:CurrentFinancialInstruments 2024-12-31 13525772 frs-core:FurnitureFittings 2024-12-31 13525772 frs-core:FurnitureFittings 2024-01-01 2024-12-31 13525772 frs-core:FurnitureFittings 2023-12-31 13525772 frs-core:ShareCapital 2024-12-31 13525772 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13525772 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13525772 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13525772 frs-bus:SmallEntities 2024-01-01 2024-12-31 13525772 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13525772 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13525772 1 2024-01-01 2024-12-31 13525772 frs-bus:Director1 2024-01-01 2024-12-31 13525772 frs-bus:Director2 2024-01-01 2024-12-31 13525772 frs-countries:EnglandWales 2024-01-01 2024-12-31 13525772 2022-12-31 13525772 2023-12-31 13525772 2023-01-01 2023-12-31 13525772 frs-core:CurrentFinancialInstruments 2023-12-31 13525772 frs-core:ShareCapital 2023-12-31 13525772 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13525772
Omar Drysdale Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Finerva
Omar Drysdale Limited
Contents
Contents

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

Page 1
Omar Drysdale Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 13525772

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | - |  | 1,425
Investment Properties | 5 |  | 3,000,240 |  | 3,000,240
|  |  | 3,000,240 |  | 3,001,665
CURRENT ASSETS
Debtors | 6 | 2,761 |  | 4,968 |
Cash at bank and in hand |  | 3,301 |  | 4,429 |
|  | 6,062 |  | 9,397 |
Creditors: Amounts Falling Due Within One Year | 7 | (3,430,795 ) |  | (3,358,107 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (3,424,733 ) |  | (3,348,710 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (424,493 ) |  | (347,045 )
NET LIABILITIES |  |  | (424,493 ) |  | (347,045 )
CAPITAL AND RESERVES
Called up share capital | 8 |  | 1 |  | 1
Profit and Loss Account |  |  | (424,494 ) |  | (347,046 )
SHAREHOLDERS' FUNDS |  |  | (424,493) |  | (347,045)

Page 1
Page 2
Omar Drysdale Limited
Balance Sheet (continued)
As At 31 December 2024
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 A Mckelvey Director
9 March 2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Omar Drysdale Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Omar Drysdale Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13525772 . The registered office is Third Floor, 20 Old Bailey, London, EC4M 7AN.
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 directors believe that notwithstanding net liabilities of £424,493 (2023: £347,045 ), the company’s financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support from its investors will be adequate to meet the company’s needs for a period of at least 12 months from the date of approval of these financial statements.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings | over 3 years on a straight line basis

2.4. Investment Properties
Investment properties are held to earn rentals and for capital appreciation. Investment properties are initially measured at costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.5. Financial Instruments
Trade and other debtors / creditors
Trade and other debtors are recognised initially at transaction prices less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.
Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised within profit or loss.
For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset’s carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.
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.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
Page 3
Page 4
Omar Drysdale Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.8. Related party transactions
The company has taken advantage of the exemption available under FRS 102 not to disclose related party transactions with wholly owned group companies.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2023: 2)
2 2
4. Tangible Assets

| Fixtures & Fittings
--- | ---
| £
Cost
As at 1 January 2024 | 4,664
As at 31 December 2024 | 4,664
Depreciation
As at 1 January 2024 | 3,239
Provided during the period | 1,425
As at 31 December 2024 | 4,664
Net Book Value
As at 31 December 2024 | -
As at 1 January 2024 | 1,425

5. Investment Property

| 2024
--- | ---
| £
Fair Value
As at 1 January 2024 and 31 December 2024 | 3,000,240

6. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Amounts owed by group undertakings | 818 |  | 2,447
Other debtors | 1,943 |  | 2,521
| 2,761 |  | 4,968

7. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Amounts owed to group undertakings | 3,096,785 |  | 3,061,178
Other creditors | 334,010 |  | 296,929
| 3,430,795 |  | 3,358,107

8. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

Page 4
Page 5
Omar Drysdale Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate parent undertaking is Omar Holdings Ltd . Omar Holdings Ltd was incorporated in England and Wales.
The ultimate controlling party is Omar Holdings US Llc who controls 100% of the shares of Omar Drysdale Limited , the company incorporated in the United States of America.
No consolidated financial statements have been prepared.
Page 5