Acorah Software Products - Accounts Production 19.2.450 false true true 31 December 2024 1 January 2024 false 3 June 2026 1 January 2025 31 December 2025 31 December 2025 10818761 Mr Scott Barlow Mr Christopher Skillen Mr William Trudell Hotspex International Inc. true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10818761 2024-12-31 10818761 2025-12-31 10818761 2025-01-01 2025-12-31 10818761 frs-core:CurrentFinancialInstruments 2025-12-31 10818761 frs-core:ComputerEquipment 2025-12-31 10818761 frs-core:ComputerEquipment 2025-01-01 2025-12-31 10818761 frs-core:ComputerEquipment 2024-12-31 10818761 frs-core:ShareCapital 2025-12-31 10818761 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 10818761 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 10818761 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 10818761 frs-bus:SmallEntities 2025-01-01 2025-12-31 10818761 frs-bus:Audited 2025-01-01 2025-12-31 10818761 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 10818761 frs-bus:OrdinaryShareClass1 2025-01-01 2025-12-31 10818761 frs-bus:OrdinaryShareClass1 2025-12-31 10818761 1 2025-01-01 2025-12-31 10818761 frs-bus:Director1 2025-01-01 2025-12-31 10818761 frs-bus:Director2 2025-01-01 2025-12-31 10818761 frs-bus:Director3 2025-01-01 2025-12-31 10818761 frs-countries:EnglandWales 2025-01-01 2025-12-31 10818761 2023-12-31 10818761 2024-12-31 10818761 2024-01-01 2024-12-31 10818761 frs-core:CurrentFinancialInstruments 2024-12-31 10818761 frs-core:ShareCapital 2024-12-31 10818761 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10818761 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31
Registered number: 10818761
Hotspex UK LTD
Financial Statements
For The Year Ended 31 December 2025
Hotspex UK LTD
Contents
Contents

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

Page 1
Hotspex UK LTD
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 10818761

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 212 |  | 1,741
|  |  | 212 |  | 1,741
CURRENT ASSETS
Debtors | 5 | 1,366,113 |  | 1,601,576 |
Cash at bank and in hand |  | 203,904 |  | 367,804 |
|  | 1,570,017 |  | 1,969,380 |
Creditors: Amounts Falling Due Within One Year | 6 | (782,245 ) |  | (1,014,526 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 787,772 |  | 954,854
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 787,984 |  | 956,595
NET ASSETS |  |  | 787,984 |  | 956,595
CAPITAL AND RESERVES
Called up share capital | 7 |  | 1 |  | 1
Profit and Loss Account |  |  | 787,983 |  | 956,594
SHAREHOLDERS' FUNDS |  |  | 787,984 |  | 956,595

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 Scott Barlow Director
1 June 2026

The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Hotspex UK LTD
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Hotspex UK LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10818761 . The registered office is 85 Great Portland Street , First Floor , 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. Going Concern Disclosure
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
The company has in the past relied upon its parent company for support in the form of short term working capital loans. At year end the value of the loan to it's parent company was £270,352 (in 2024 £98,440). The company at year end had net assets of £787,772 (2024: £954,854).
2.3. 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.
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 amount of work carried out to date compared to the budget for the project.
2.4. 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

2.5. 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 balance sheet when the company becomes party to
the contractual provisions of the instrument. Financial instruments are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
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.
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.
Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
...CONTINUED
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Hotspex UK LTD
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.5. Financial Instruments - continued
Trade creditors 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 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. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Debt instruments and loans from fellow group companies
Debt instruments and loans from fellow group companies 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. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
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.
2.6. 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 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2024: 9)
11 9
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Page 4
Hotspex UK LTD
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
4. Tangible Assets

| Computer Equipment
--- | ---
| £
Cost
As at 1 January 2025 | 22,767
As at 31 December 2025 | 22,767
Depreciation
As at 1 January 2025 | 21,026
Provided during the period | 1,529
As at 31 December 2025 | 22,555
Net Book Value
As at 31 December 2025 | 212
As at 1 January 2025 | 1,741

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 707,125 |  | 475,788
Prepayments and accrued income | 156,713 |  | 922,180
Corporation tax recoverable assets | 56,833 |  | -
VAT | 13,659 |  | 3,457
Amounts owed by group undertakings | 431,783 |  | 200,151
| 1,366,113 |  | 1,601,576

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 43,454 |  | 285,602
Corporation tax | - |  | 102,832
Other taxes and social security | 14,642 |  | 14,591
Other creditors | 6,041 |  | 17,809
Accruals and deferred income | 556,678 |  | 491,980
Amounts owed to group undertakings | 161,430 |  | 101,712
| 782,245 |  | 1,014,526

7. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
1 Ordinary Shares of £ 1.0 each | 1 |  | 1

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Page 5
Hotspex UK LTD
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
8. Post Balance Sheet Events
There have not been any significant events since the balance sheet date, other than those already accounted for in the financial statements. There were no other essential either adjusting events or non-adjusting events in the period of time elapsing between the balance sheet date and the date on which these financial statements are approved.
9. Related Party Transactions
The company has taken advantage of the exemption available per paragraph 33.1A of FRS 102 whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the group.
10. Ultimate Controlling Party
The company's ultimate controlling party is Hotspex International Inc. a company incorporated in Canada - 40 Eglinton Avenue East, Suite 801 Toronto, Ontario, Canada, by virtue of the ownership of 100% of the issued share capital in the company.
11. Audit Information
The auditor's report on the accounts of Hotspex UK LTD for the year ended 31 December 2025 was unqualified.
The auditor's report was signed by Sarfraz Fayyaz (Senior Statutory Auditor) for and on behalf of Biznav Limited , Statutory Auditor.
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