Acorah Software Products - Accounts Production 16.1.200 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 10441699 M Edwards iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10441699 2023-10-31 10441699 2024-10-31 10441699 2023-11-01 2024-10-31 10441699 frs-core:CurrentFinancialInstruments 2024-10-31 10441699 frs-core:Non-currentFinancialInstruments 2024-10-31 10441699 frs-core:ComputerEquipment 2024-10-31 10441699 frs-core:ComputerEquipment 2023-11-01 2024-10-31 10441699 frs-core:ComputerEquipment 2023-10-31 10441699 frs-core:MotorVehicles 2024-10-31 10441699 frs-core:MotorVehicles 2023-11-01 2024-10-31 10441699 frs-core:MotorVehicles 2023-10-31 10441699 frs-core:ShareCapital 2024-10-31 10441699 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 10441699 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10441699 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 10441699 frs-bus:SmallEntities 2023-11-01 2024-10-31 10441699 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 10441699 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 10441699 frs-core:ListedExchangeTraded 2024-10-31 10441699 frs-core:ListedExchangeTraded 2023-10-31 10441699 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-10-31 10441699 frs-core:FurtherSpecificIncreaseDecreaseInInvestments1ComponentTotalChangeInInvestments frs-core:ListedExchangeTraded 2024-10-31 10441699 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-10-31 10441699 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-10-31 10441699 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-10-31 10441699 frs-bus:Director1 2023-11-01 2024-10-31 10441699 frs-countries:EnglandWales 2023-11-01 2024-10-31 10441699 2022-10-31 10441699 2023-10-31 10441699 2022-11-01 2023-10-31 10441699 frs-core:CurrentFinancialInstruments 2023-10-31 10441699 frs-core:Non-currentFinancialInstruments 2023-10-31 10441699 frs-core:ShareCapital 2023-10-31 10441699 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 10441699
MRE Group Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10441699
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,854 25,537
Investments 5 344,383 257,677
364,237 283,214
CURRENT ASSETS
Debtors 6 1,092,765 950,921
Cash at bank and in hand 817,437 711,566
1,910,202 1,662,487
Creditors: Amounts Falling Due Within One Year 7 (2,022,707 ) (1,760,533 )
NET CURRENT ASSETS (LIABILITIES) (112,505 ) (98,046 )
TOTAL ASSETS LESS CURRENT LIABILITIES 251,732 185,168
Creditors: Amounts Falling Due After More Than One Year 8 (7,697 ) (17,350 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (22,820 ) (279 )
NET ASSETS 221,215 167,539
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 221,115 167,439
SHAREHOLDERS' FUNDS 221,215 167,539
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For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
M Edwards
Director
6 January 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
MRE Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10441699 . The registered office is 159 Great Portland Street, London, W1W 5PF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
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.
2.3. 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:
Motor Vehicles 25% reducing balance
Computer Equipment 3 years straight line
2.4. Financial Instruments
The company applies the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Derivative financial instruments are initially recorded at cost and thereafter are measured at fair value, where fair value can be measured reliably. Fair value movements are recognised in the profit and loss account. 

Other basic financial instruments are included at amortised cost less impairment. Amortisation is applied using the effective interest method 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. Financial assets and liabilities classified as receivable or payable within one year are not amortised.
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.
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2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 25,980 823 26,803
Additions - 890 890
As at 31 October 2024 25,980 1,713 27,693
Depreciation
As at 1 November 2023 1,083 183 1,266
Provided during the period 6,224 349 6,573
As at 31 October 2024 7,307 532 7,839
Net Book Value
As at 31 October 2024 18,673 1,181 19,854
As at 1 November 2023 24,897 640 25,537
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5. Investments
Listed
£
Cost
As at 1 November 2023 257,677
Fair value adjustments 86,706
As at 31 October 2024 344,383
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 344,383
As at 1 November 2023 257,677
Fair value is determined by the market value of the fund at the year end.
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 289,651 769,685
Other debtors 803,114 181,236
1,092,765 950,921
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 210,244 444,114
Bank loans and overdrafts 10,000 10,000
Other taxes and social security 463,691 565,977
Other creditors 1,338,772 740,442
2,022,707 1,760,533
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,697 17,350
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
During the year the company made advances to the Director totalling £251,187 (2023: £480,444) and recevied repayments totalling £200,158 (2023: £296,687). The balance outstanding at the year end was £87,491 (2023: £36,462) and is shown within other debtors. The loan is unsecured and repayable on demand. Interest has been charged at 2.25% overdrawn balances.
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