Acorah Software Products - Accounts Production 19.2.350 false true true 31 December 2024 17 January 2024 false 2 June 2026 1 January 2025 31 December 2025 31 December 2025 15421729 Mr Mans Flodberg Mr Petter Hedborg Mr Rikard Romlin Goodwille Limited Döbelnsgatan 24, 113 52 Stockholm true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15421729 2024-12-31 15421729 2025-12-31 15421729 2025-01-01 2025-12-31 15421729 frs-core:CurrentFinancialInstruments 2025-12-31 15421729 frs-core:BetweenOneFiveYears 2025-12-31 15421729 frs-core:ComputerEquipment 2025-12-31 15421729 frs-core:ComputerEquipment 2025-01-01 2025-12-31 15421729 frs-core:ComputerEquipment 2024-12-31 15421729 frs-core:WithinOneYear 2025-12-31 15421729 frs-core:ShareCapital 2025-12-31 15421729 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 15421729 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 15421729 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 15421729 frs-bus:SmallEntities 2025-01-01 2025-12-31 15421729 frs-bus:Audited 2025-01-01 2025-12-31 15421729 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 15421729 1 2025-01-01 2025-12-31 15421729 frs-bus:Director1 2025-01-01 2025-12-31 15421729 frs-bus:Director2 2025-01-01 2025-12-31 15421729 frs-bus:Director3 2025-01-01 2025-12-31 15421729 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 15421729 frs-countries:EnglandWales 2025-01-01 2025-12-31 15421729 2024-01-16 15421729 2024-12-31 15421729 2024-01-17 2024-12-31 15421729 frs-core:CurrentFinancialInstruments 2024-12-31 15421729 frs-core:BetweenOneFiveYears 2024-12-31 15421729 frs-core:WithinOneYear 2024-12-31 15421729 frs-core:ShareCapital 2024-12-31 15421729 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 15421729
Mf Sweden Limited
Financial Statements
For The Year Ended 31 December 2025
Goodwille Limited
Mf Sweden Limited
Contents
Contents

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

Page 1
Mf Sweden Limited
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 15421729

| 31 December 2025 | 31 December 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 3,756 |  | 1,402
|  |  | 3,756 |  | 1,402
CURRENT ASSETS
Debtors | 5 | 41,364 |  | 38,073 |
Cash at bank and in hand |  | 11,297 |  | 5,123 |
|  | 52,661 |  | 43,196 |
Creditors: Amounts Falling Due Within One Year | 6 | (39,161 ) |  | (41,984 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 13,500 |  | 1,212
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 17,256 |  | 2,614
NET ASSETS |  |  | 17,256 |  | 2,614
CAPITAL AND RESERVES
Called up share capital | 7 |  | 1 |  | 1
Profit and Loss Account |  |  | 17,255 |  | 2,613
SHAREHOLDERS' FUNDS |  |  | 17,256 |  | 2,614

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 Rikard Romlin Director
02/06/2026

The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Mf Sweden Limited
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Mf Sweden Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15421729 . The registered office is 1 Chapel Street, Warwick, CV34 4HL.
The company's principal trading activity is Software-as-a-Service (SaaS) specialising in financial market solutions.
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
These financial statements have been prepared on the going concern basis, which assumes that the company will be able to meet its financial obligations as they fall due for payment for the foreseeable future. The company is reliant upon the continued support of its parent undertaking, Modular Finance AB, to be able to do this. Modular Finance AB has indicated to the directors, that support will be provided as it is required.
2.3. Significant judgements and estimations
The preparation of the financial statements requires management to make judgements, estimates, and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.
2.4. Turnover
Revenue is recognised under a transfer pricing agreement with the parent company and recognised in the period in which the expense is incurred.
2.5. 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:

Computer Equipment | 33% straight line

2.6. Leasing and Hire Purchase Contracts
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
2.7. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from related parties and investments in non-puttable ordinary shares.
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 in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.
2.8. 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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Mf Sweden Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.9. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.10. 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.
2.11. Debtors
Basic financial assets, including trade and other debtors, are intially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
2.12. Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
2.13. Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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 payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
2.14. Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
2.15. Disclosure of long or short period
The company was incorporated on 17 January 2024; the comparatives therefore cover a short period of 17 January 2024 to 31 December 2024. The current year represents a full 12-month period.
Page 3
Page 4
Mf Sweden Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3 (2024: 1)
3 1
4. Tangible Assets

| Computer Equipment
--- | ---
| £
Cost
As at 1 January 2025 | 1,577
Additions | 4,056
As at 31 December 2025 | 5,633
Depreciation
As at 1 January 2025 | 175
Provided during the period | 1,702
As at 31 December 2025 | 1,877
Net Book Value
As at 31 December 2025 | 3,756
As at 1 January 2025 | 1,402

5. Debtors

| 31 December 2025 |  | 31 December 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 17,151 |  | 16,282
Other debtors | 13,650 |  | -
VAT | 5,605 |  | 5,351
Amounts owed by group undertakings | 4,958 |  | 16,440
| 41,364 |  | 38,073

6. Creditors: Amounts Falling Due Within One Year

| 31 December 2025 |  | 31 December 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 15,511 |  | 28,386
Corporation tax | 8,180 |  | 1,599
Other taxes and social security | 8,760 |  | 4,741
Other creditors | - |  | 758
Accruals and deferred income | 6,710 |  | 6,500
| 39,161 |  | 41,984

Page 4
Page 5
Mf Sweden Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
7. Share Capital

| 31 December 2025 |  | 31 December 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

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

| 31 December 2025 |  | 31 December 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 30,606 |  | -
Later than one year and not later than five years | 1,048 |  | -
| 31,654 |  | -

9. Dividends
No dividends were proposed or paid during the period.
10. Related Party Transactions
The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of Section 33. 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” not to disclose transactions with entities that are wholly owned members of the group.
11. Ultimate Parent Undertaking and Controlling Party
The parent company of the smallest group in which these financial statements are consolidated is Modular Finance AB , a company incorporated in Sweden. Copies of the group accounts may be obtained from the secretary, Döbelnsgatan 24, 113 52 Stockholm .
12. Audit Information
The auditor's report on the accounts of Mf Sweden Limited for the year ended 31 December 2025 was unqualified.
The auditor's report was signed by David Wheeler (Senior Statutory Auditor) for and on behalf of Bourner Bullock , Statutory Auditor.

Bourner Bullock Chartered Accountants 114 St Martin’s Lane Covent Garden London WC2N 4BE

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