Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 11033898 Mr Kieran Leahy Miss Sarah Leahy Mrs Margaret Leahy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11033898 2023-10-31 11033898 2024-10-31 11033898 2023-11-01 2024-10-31 11033898 frs-core:CurrentFinancialInstruments 2024-10-31 11033898 frs-core:OtherReservesSubtotal 2024-10-31 11033898 frs-core:ShareCapital 2024-10-31 11033898 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 11033898 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11033898 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 11033898 frs-bus:SmallEntities 2023-11-01 2024-10-31 11033898 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 11033898 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 11033898 frs-core:UnlistedNon-exchangeTraded 2024-10-31 11033898 frs-core:UnlistedNon-exchangeTraded 2023-10-31 11033898 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-10-31 11033898 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-10-31 11033898 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-10-31 11033898 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-10-31 11033898 frs-bus:Director1 2023-11-01 2024-10-31 11033898 frs-bus:Director1 2023-10-31 11033898 frs-bus:Director1 2024-10-31 11033898 frs-bus:Director2 2023-11-01 2024-10-31 11033898 frs-bus:Director3 2023-11-01 2024-10-31 11033898 frs-countries:EnglandWales 2023-11-01 2024-10-31 11033898 2022-10-31 11033898 2023-10-31 11033898 2022-11-01 2023-10-31 11033898 frs-core:CurrentFinancialInstruments 2023-10-31 11033898 frs-core:OtherReservesSubtotal 2023-10-31 11033898 frs-core:ShareCapital 2023-10-31 11033898 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 11033898
Dreoilin Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
DKR Chartered Accountants
36 Lichfield Street
Walsall
West Midlands
WS1 1TJ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11033898
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 4,117,081 4,117,081
4,117,081 4,117,081
CURRENT ASSETS
Debtors 5 888,528 816,621
Cash at bank and in hand 430,256 573,946
1,318,784 1,390,567
Creditors: Amounts Falling Due Within One Year 6 (2,686,269 ) (2,684,552 )
NET CURRENT ASSETS (LIABILITIES) (1,367,485 ) (1,293,985 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,749,596 2,823,096
NET ASSETS 2,749,596 2,823,096
CAPITAL AND RESERVES
Called up share capital 7 5 5
Other reserves 2,878,671 2,878,671
Profit and Loss Account (129,080 ) (55,580 )
SHAREHOLDERS' FUNDS 2,749,596 2,823,096
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 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 Kieran Leahy
Director
10th July 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Dreoilin Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11033898 . The registered office is 36 Lichfield Street, Walsall, West Midlands, WS1 1TJ.
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: 3 (2023: 3)
3 3
4. Investments
Unlisted
£
Cost
As at 1 November 2023 4,117,081
As at 31 October 2024 4,117,081
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 4,117,081
As at 1 November 2023 4,117,081
Investment
The following was a related company:
Study Inn Estates limited with a shareholding of 10% of the ordinary Shares
Study Inn Estates limited with a shareholding of 20.64% of preference Shares
As at 31st October 2024, there were £1,271,240 of unpaid dividends on preference shares. These amounts have not been paid due to a lack of distributable reserves in Study Inn Estates Limited.
The amount owed does not meet the criteria of a contingent liability, and has therefore not been included in the accounts.
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Page 3
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 4,153 7,051
Other taxes and social security - 2,137
Amounts owed by associates 884,375 807,433
888,528 816,621
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 1,447 -
Net wages 80 80
Other creditors 2,683,272 2,683,272
Accruals and deferred income 1,470 1,200
2,686,269 2,684,552
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5 5
8. Directors Advances, Credits and Guarantees
Included within debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Kieran Leahy 7,051 4,153 (7,051 ) - 4,153
The above loan is unsecured, interest free and repayable on demand. 
9. Related Party Transactions
During the year ended 31 October 2024, the company made loans to companies in which one of the directors also holds directorship. Loan fees are charged at 1% of the principal sum and loan interest is charged at 5% per annum, on a monthly basis. The total of these loan balances as at 31 October 2024 were £884,375 (2023: £807,433).
Page 3