Company registration number 03861633 (England and Wales)
CHERSOFT LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
PAGES FOR FILING WITH REGISTRAR
CHERSOFT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 8
CHERSOFT LIMITED
BALANCE SHEET
AS AT
30 APRIL 2026
30 April 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Intangible assets
3
-
0
132,501
Tangible assets
4
174,210
73,265
Investments
5
2
2
174,212
205,768
Current assets
Debtors
7
1,074,523
892,768
Cash at bank and in hand
1,262,703
887,609
2,337,226
1,780,377
Creditors: amounts falling due within one year
8
(1,721,294)
(1,284,875)
Net current assets
615,932
495,502
Total assets less current liabilities
790,144
701,270
Provisions for liabilities
(26,000)
(16,500)
Net assets
764,144
684,770
Capital and reserves
Called up share capital
9
4
4
Profit and loss reserves
764,140
684,766
Total equity
764,144
684,770

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 1 July 2026 and are signed on its behalf by:
M Goodrich
Director
Company registration number 03861633 (England and Wales)
CHERSOFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
- 2 -
1
Accounting policies
Company information

CherSoft Limited is a private company, limited by shares and incorporated in England and Wales. The registered office is Unit 4 Newton Business Centre, Thorncliffe Park Estate, Newton Chambers Road, Chapeltown, Sheffield, S35 2PH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

CherSoft Limited is a wholly owned subsidiary of Iver C. Weilbach & Co. A/S and the results of CherSoft Limited are included in the consolidated financial statements of Iver C. Weilbach & Co. A/S which are available from Firskovvej 36, 2800 Kgs, Lyngby, Denmark.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

CHERSOFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2026
1
Accounting policies
(Continued)
- 3 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
15% reducing balance
Computer equipment
33% on cost
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
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 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow group companies, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

CHERSOFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2026
1
Accounting policies
(Continued)
- 4 -

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

CHERSOFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2026
1
Accounting policies
(Continued)
- 5 -
1.13
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
32
29
3
Intangible fixed assets
Goodwill
£
Cost
At 1 May 2025 and 30 April 2026
1,060,000
Amortisation and impairment
At 1 May 2025
927,499
Amortisation charged for the year
132,501
At 30 April 2026
1,060,000
Carrying amount
At 30 April 2026
-
0
At 30 April 2025
132,501
CHERSOFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2026
- 6 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2025
231,218
Additions
134,550
Disposals
(55,718)
At 30 April 2026
310,050
Depreciation and impairment
At 1 May 2025
157,953
Depreciation charged in the year
23,886
Eliminated in respect of disposals
(45,999)
At 30 April 2026
135,840
Carrying amount
At 30 April 2026
174,210
At 30 April 2025
73,265
5
Fixed asset investments
2026
2025
£
£
Shares in group undertakings and participating interests
2
2
6
Subsidiaries

Details of the company's subsidiaries at 30 April 2026 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Indirect
AtoBviaC Limited
England and Wales
Ordinary
0
100.00
7
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
717,785
824,376
Corporation tax recoverable
60,276
-
0
Prepayments and accrued income
296,462
68,392
1,074,523
892,768
CHERSOFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2026
- 7 -
8
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
2,654
-
0
Trade creditors
132,626
172,928
Amounts due to subsidiary
12,711
312,711
Amounts due to parent undertaking
800,000
-
Corporation tax
-
0
73,553
Other taxation and social security
280,679
212,242
Deferred income
391,476
416,131
Other creditors
13,408
6,071
Accruals
87,740
91,239
1,721,294
1,284,875
9
Called up share capital
2026
2025
£
£
Ordinary share capital
Issued and fully paid
4 Ordinary shares of £1 each
4
4
4
4
10
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 30 April 2026 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Natalie Bracey
Statutory Auditor:
Hart Shaw LLP
Date of audit report:
1 July 2026
11
Operating lease commitments
As lessee
CHERSOFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2026
11
Operating lease commitments
(Continued)
- 8 -

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2026
2025
£
£
Total commitments
90,182
119,060
12
Parent company

The parent company is Weilbach A/S, a company registered in Denmark. Their registered office is Weilbach A/S, Firskovvej 36, 2800 Kgs, Lyngby, Denmark.

The ultimate parent is Weilbachs fond, a foundation registered in Denmark.

2026-04-30 2025-05-01 false false false 01 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity R Kingdon T Frerks C Johnson M Goodrich H Breddam 03861633 2025-05-01 2026-04-30 03861633 2026-04-30 03861633 2025-04-30 03861633 core:NetGoodwill 2026-04-30 03861633 core:NetGoodwill 2025-04-30 03861633 core:OtherPropertyPlantEquipment 2026-04-30 03861633 core:OtherPropertyPlantEquipment 2025-04-30 03861633 core:CurrentFinancialInstruments core:WithinOneYear 2026-04-30 03861633 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 03861633 core:ShareCapital 2026-04-30 03861633 core:ShareCapital 2025-04-30 03861633 core:RetainedEarningsAccumulatedLosses 2026-04-30 03861633 core:RetainedEarningsAccumulatedLosses 2025-04-30 03861633 core:ShareCapitalOrdinaryShareClass1 2026-04-30 03861633 core:ShareCapitalOrdinaryShareClass1 2025-04-30 03861633 core:ShareCapitalOrdinaryShares 2026-04-30 03861633 core:ShareCapitalOrdinaryShares 2025-04-30 03861633 bus:Director4 2025-05-01 2026-04-30 03861633 core:Goodwill 2025-05-01 2026-04-30 03861633 core:FurnitureFittings 2025-05-01 2026-04-30 03861633 core:ComputerEquipment 2025-05-01 2026-04-30 03861633 core:MotorVehicles 2025-05-01 2026-04-30 03861633 2024-05-01 2025-04-30 03861633 core:NetGoodwill 2025-04-30 03861633 core:NetGoodwill 2025-05-01 2026-04-30 03861633 core:OtherPropertyPlantEquipment 2025-04-30 03861633 core:OtherPropertyPlantEquipment 2025-05-01 2026-04-30 03861633 core:Subsidiary1 2025-05-01 2026-04-30 03861633 core:Subsidiary1 1 2025-05-01 2026-04-30 03861633 core:CurrentFinancialInstruments 2026-04-30 03861633 core:CurrentFinancialInstruments 2025-04-30 03861633 bus:OrdinaryShareClass1 2025-05-01 2026-04-30 03861633 bus:OrdinaryShareClass1 2026-04-30 03861633 bus:PrivateLimitedCompanyLtd 2025-05-01 2026-04-30 03861633 bus:SmallCompaniesRegimeForAccounts 2025-05-01 2026-04-30 03861633 bus:FRS102 2025-05-01 2026-04-30 03861633 bus:Audited 2025-05-01 2026-04-30 03861633 bus:Director1 2025-05-01 2026-04-30 03861633 bus:Director2 2025-05-01 2026-04-30 03861633 bus:Director3 2025-05-01 2026-04-30 03861633 bus:Director5 2025-05-01 2026-04-30 03861633 bus:FullAccounts 2025-05-01 2026-04-30 xbrli:pure xbrli:shares iso4217:GBP