Acorah Software Products - Accounts Production 19.3.600 false true 30 November 2024 1 December 2023 false 1 December 2024 30 November 2025 30 November 2025 09859588 Mr A Bunch Ms M Fonseca iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09859588 2024-11-30 09859588 2025-11-30 09859588 2024-12-01 2025-11-30 09859588 frs-core:CurrentFinancialInstruments 2025-11-30 09859588 frs-core:ShareCapital 2025-11-30 09859588 frs-core:RetainedEarningsAccumulatedLosses 2025-11-30 09859588 frs-bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 09859588 frs-bus:FilletedAccounts 2024-12-01 2025-11-30 09859588 frs-bus:SmallEntities 2024-12-01 2025-11-30 09859588 frs-bus:AuditExempt-NoAccountantsReport 2024-12-01 2025-11-30 09859588 frs-bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 09859588 frs-bus:Director1 2024-12-01 2025-11-30 09859588 frs-bus:Director2 2024-12-01 2025-11-30 09859588 frs-core:CurrentFinancialInstruments 1 2025-11-30 09859588 frs-countries:EnglandWales 2024-12-01 2025-11-30 09859588 2023-11-30 09859588 2024-11-30 09859588 2023-12-01 2024-11-30 09859588 frs-core:CurrentFinancialInstruments 2024-11-30 09859588 frs-core:ShareCapital 2024-11-30 09859588 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 09859588 frs-core:CurrentFinancialInstruments 1 2024-11-30
Registered number: 09859588
Monetus Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2025
Passman Leonard Associates Limited
Monetus Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1
Notes to the Financial Statements | 2—4

Page 1
Monetus Ltd
Balance Sheet
As At 30 November 2025
Balance Sheet
Registered number: 09859588

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
CURRENT ASSETS
Debtors | 4 | 124,581 |  | 147,137 |
Cash at bank and in hand |  | 1,936 |  | 19,858 |
|  | 126,517 |  | 166,995 |
Creditors: Amounts Falling Due Within One Year | 5 | (68,756 ) |  | (107,169 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 57,761 |  | 59,826
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 57,761 |  | 59,826
NET ASSETS |  |  | 57,761 |  | 59,826
CAPITAL AND RESERVES
Called up share capital | 6 |  | 1,000 |  | 1,000
Profit and Loss Account |  |  | 56,761 |  | 58,826
SHAREHOLDERS' FUNDS |  |  | 57,761 |  | 59,826

For the year ending 30 November 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 A Bunch Director
24 August 2026

The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Monetus Ltd
Notes to the Financial Statements
For The Year Ended 30 November 2025
Notes to the Financial Statements
1. General Information
Monetus Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09859588 . The registered office is 86-90 Paul Street, London, EC2A 4NE.
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
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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 costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Peer to peer loans | 124,581 |  | 147,137

Debtors- loan platform current assets are loans to businesses via peer to peer lending. The loans made provide payments of capital and interest on the principal outstanding. The loans are held to collect contractual cash flows and to sell. Risks are managed by actively reviewing and trading the portfolio of loans across all platforms. The assets have been valued at Fair Value with all gains and losses recognised through Other Comprehensive Income under IFRS9 paragraph 4.1.2A (as permitted under Paragraph 1AC.26 and Section 11 of FRS102).
An allowance for expected credit losses has been made in accordance with section 5.5 of IFRS9. The allowance for expected credit losses over the 12 months from the accounting date has been based on an analysis of the loans made on each platform with allowance for expected losses being estimated based on the expected loss rates.
...CONTINUED
Page 2
Page 3
Monetus Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
4. Debtors - continued

Platform | Lent | Expected Credit Loss | (ECL) as a % | Fair Value
|  | (ECL) | of Loan |
| £ | £ | % | £
B | 11,334 | 7,020 | 70 | 3,009
F | 167,199 | 117,039 | 70 | 50,160
G | 179,962 | 125,973 | 70 | 53,989
H | 69,696 | 52,272 | 75 | 17,424
| ____________ | ___________ | ___________ | ___________
Total | 428,191 | 302,304 | 71 | 124,582

5. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Accruals and deferred income | 1,440 |  | 1,440
Directors' loan accounts | 1,040 |  | 5,453
Amounts owed to other participating interests | 66,276 |  | 100,276
| 68,756 |  | 107,169

Included in amounts owed to other participating interests is £66,276 (2024- £100,276) owed to Panda Brands Ltd, a company incorporated and registered in the UK in which Mr A. Bunch and Mrs M. Fonseca are directors and shareholders.
6. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,000 |  | 1,000

7. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
...CONTINUED
Page 3
Page 4
Monetus Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
7. Financial Instruments - continued
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
8. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 1,936 |  | 19,858

Included in the cash at bank is £1,306 held in the platform as cash.
Page 4