Acorah Software Products - Accounts Production 19.2.450 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 10908260 Mr Christopher Bowen Ms Carmel Caramagna Mr Terry Wright Mr Donald Berube true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10908260 2024-12-31 10908260 2025-12-31 10908260 2025-01-01 2025-12-31 10908260 frs-core:CurrentFinancialInstruments 2025-12-31 10908260 frs-core:Non-currentFinancialInstruments 2025-12-31 10908260 frs-core:ComputerEquipment 2025-12-31 10908260 frs-core:ComputerEquipment 2025-01-01 2025-12-31 10908260 frs-core:ComputerEquipment 2024-12-31 10908260 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 10908260 frs-core:FurnitureFittings 2025-12-31 10908260 frs-core:FurnitureFittings 2025-01-01 2025-12-31 10908260 frs-core:FurnitureFittings 2024-12-31 10908260 frs-core:NetGoodwill 2025-12-31 10908260 frs-core:NetGoodwill 2025-01-01 2025-12-31 10908260 frs-core:NetGoodwill 2024-12-31 10908260 frs-core:ShareCapital 2025-12-31 10908260 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 10908260 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 10908260 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 10908260 frs-bus:SmallEntities 2025-01-01 2025-12-31 10908260 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 10908260 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 10908260 1 2025-01-01 2025-12-31 10908260 frs-core:UnlistedNon-exchangeTraded 2025-12-31 10908260 frs-core:UnlistedNon-exchangeTraded 2024-12-31 10908260 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 10908260 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-12-31 10908260 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 10908260 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-12-31 10908260 frs-bus:Director1 2025-01-01 2025-12-31 10908260 frs-bus:Director2 2025-01-01 2025-12-31 10908260 frs-bus:Director3 2025-01-01 2025-12-31 10908260 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 10908260 frs-countries:EnglandWales 2025-01-01 2025-12-31 10908260 2023-12-31 10908260 2024-12-31 10908260 2024-01-01 2024-12-31 10908260 frs-core:CurrentFinancialInstruments 2024-12-31 10908260 frs-core:Non-currentFinancialInstruments 2024-12-31 10908260 frs-core:ShareCapital 2024-12-31 10908260 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 10908260
Westcor International Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Westcor International Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—7

Page 1
Westcor International Limited
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 10908260

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 325,794 |  | 392,011
Tangible Assets | 5 |  | 9,209 |  | 6,076
Investments | 6 |  | 22,773 |  | 22,773
|  |  | 357,776 |  | 420,860
CURRENT ASSETS
Debtors | 7 | 727,477 |  | 359,148 |
Cash at bank and in hand |  | 4,737,126 |  | 3,633,347 |
|  | 5,464,603 |  | 3,992,495 |
Creditors: Amounts Falling Due Within One Year | 8 | (990,120 ) |  | (933,265 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 4,474,483 |  | 3,059,230
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 4,832,259 |  | 3,480,090
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (96,701 ) |  | (96,701 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | - |  | (1,496 )
NET ASSETS |  |  | 4,735,558 |  | 3,381,893
CAPITAL AND RESERVES
Called up share capital | 10 |  | 981,363 |  | 981,363
Profit and Loss Account |  |  | 3,754,195 |  | 2,400,530
SHAREHOLDERS' FUNDS |  |  | 4,735,558 |  | 3,381,893

Page 1
Page 2
Westcor International Limited
Balance Sheet (continued)
As At 31 December 2025
For the year ending 31 December 2025 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

Mr Christopher Bowen Director
23/06/2026

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Westcor International Limited
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Westcor International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10908260 . The registered office is 24 King William Street, London, EC4R 9AT.
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. Turnover
Commission income is recognised at the point that the Company has fulfilled its obligations to the insurer through the arrangement of an underlying insurance policy, being at the date the underlying policy takes effect.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are IT Development costs. They are amortised to profit and loss account, along with any impairment losses, over its estimated economic life of 3 years, starting from the date the development goes live.
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:

Fixtures & Fittings | 3 Years
Computer Equipment | 3 Years

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.
Page 3
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Westcor International Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
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 year 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 asset reflects 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.
2.8. Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held with banks. Amounts which are ring fenced and held for the benefit of the underwriters in trust accounts are excluded from the Company’s assets as they are not available for the benefit of the Company.
2.9. Other accounting policies
The Company acts as a agent in broking the insurable risk of its clients and, generally, is not liable as principal for premiums due to underwriters or for claims payable to clients. Notwithstanding the Company's legal relationships with clients and underwriters and since, in practice premium and claims monies are usually accounted for by insurance intermediaries, the Company has followed accepted accounting practice by showing cash, debtors and creditors relating to insurance business as assets and liabilities of the Company itself. The Company has taken advantage of the amendment to Financial Reporting Standard No 5 ' Reporting The Substance of Transactions', and has continued to offset debtors and creditors from insurance broking transactions where such treatment reflects the normal method of settlement
Page 4
Page 5
Westcor International 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: 14 (2024: 13)
14 13
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 January 2025 | 514,682
As at 31 December 2025 | 514,682
Amortisation
As at 1 January 2025 | 122,671
Provided during the period | 66,217
As at 31 December 2025 | 188,888
Net Book Value
As at 31 December 2025 | 325,794
As at 1 January 2025 | 392,011

5. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2025 | - | 17,171 | 17,171
Additions | 599 | 7,768 | 8,367
As at 31 December 2025 | 599 | 24,939 | 25,538
Depreciation
As at 1 January 2025 | - | 11,095 | 11,095
Provided during the period | 16 | 5,218 | 5,234
As at 31 December 2025 | 16 | 16,313 | 16,329
Net Book Value
As at 31 December 2025 | 583 | 8,626 | 9,209
As at 1 January 2025 | - | 6,076 | 6,076

Page 5
Page 6
Westcor International Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
6. Investments

| Unlisted
--- | ---
| £
Cost or Valuation
As at 1 January 2025 | 22,773
As at 31 December 2025 | 22,773
Provision
As at 1 January 2025 | -
As at 31 December 2025 | -
Net Book Value
As at 31 December 2025 | 22,773
As at 1 January 2025 | 22,773

Investment is in WIL Specialty Insurance Limited, a wholly owned subsidiary registered in Ireland (Company Number 14718651)
7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 358,863 |  | 265,409
Other debtors | 368,614 |  | 93,739
| 727,477 |  | 359,148

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 13,357 |  | 14,296
Other creditors | 633,878 |  | 542,020
Taxation and social security | 342,885 |  | 376,949
| 990,120 |  | 933,265

9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Amounts owed to participating interests | 96,701 |  | 96,701

Page 6
Page 7
Westcor International Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 981,363 |  | 981,363

11. Related Party Transactions
WIL Speciality Insurance Limited100% owned subsidiaryIncluded in other debtors are loans of £233,867.90

WIL Speciality Insurance Limited

100% owned subsidiary

Included in other debtors are loans of £233,867.90

Westcor Land Title Insurance CompanyUltimate Parent Undertaking of the CompanyLoan made to the Company in a prior year with an outstanding balance of £96,701 at the year end (2024: £96,701)

Westcor Land Title Insurance Company

Ultimate Parent Undertaking of the Company

Loan made to the Company in a prior year with an outstanding balance of £96,701 at the year end (2024: £96,701)

Expenditure to related partyCompany under control of a directorValue of services provided from related party - £114,000 (2024: £113,167)

Expenditure to related party

Company under control of a director

Value of services provided from related party - £114,000 (2024: £113,167)

12. Ultimate Parent Undertaking and Controlling Party
The company's immediate parent undertaking is Westcor International Holdings Inc, which is incorporated in Florida, US. The ultimate controlling party is Atairos Group Inc, which is incorporated in the Cayman Islands.
The parent undertaking for which consolidated financial statements are prepared, is Westcor Land Title Insurance Company, which is incorporated in Florida. The consolidated financial statements can be obtained from the secretary, 875 Concourse Parkway South, Suite 200, Maitland , Florida , 32751.
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