Acorah Software Products - Accounts Production 16.3.350 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 10743464 Mr Jody O'Neill Mr Patrick Wallace Mr Benjamin Weatherall true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10743464 2024-03-31 10743464 2025-03-31 10743464 2024-04-01 2025-03-31 10743464 frs-core:CurrentFinancialInstruments 2025-03-31 10743464 frs-core:Non-currentFinancialInstruments 2025-03-31 10743464 frs-core:ComputerEquipment 2025-03-31 10743464 frs-core:ComputerEquipment 2024-04-01 2025-03-31 10743464 frs-core:ComputerEquipment 2024-03-31 10743464 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 10743464 frs-core:OtherResidualIntangibleAssets 2025-03-31 10743464 frs-core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 10743464 frs-core:OtherResidualIntangibleAssets 2024-03-31 10743464 frs-core:ShareCapital 2025-03-31 10743464 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 10743464 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10743464 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 10743464 frs-bus:SmallEntities 2024-04-01 2025-03-31 10743464 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10743464 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10743464 1 2024-04-01 2025-03-31 10743464 frs-bus:Director1 2024-04-01 2025-03-31 10743464 frs-bus:Director2 2024-04-01 2025-03-31 10743464 frs-bus:Director3 2024-04-01 2025-03-31 10743464 frs-countries:EnglandWales 2024-04-01 2025-03-31 10743464 2023-03-31 10743464 2024-03-31 10743464 2023-04-01 2024-03-31 10743464 frs-core:CurrentFinancialInstruments 2024-03-31 10743464 frs-core:Non-currentFinancialInstruments 2024-03-31 10743464 frs-core:ShareCapital 2024-03-31 10743464 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 10743464
Curam.IO Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Andrew Lillingston Limited
13 Hurlingham Studios
Ranelagh Gardens
London
SW6 3PA
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 10743464
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 736,346 969,995
Tangible Assets 5 1,931 589
738,277 970,584
CURRENT ASSETS
Debtors 6 2,500,983 1,808,625
Cash at bank and in hand 34,772 5,394
2,535,755 1,814,019
Creditors: Amounts Falling Due Within One Year 7 (1,509,101 ) (1,061,542 )
NET CURRENT ASSETS (LIABILITIES) 1,026,654 752,477
TOTAL ASSETS LESS CURRENT LIABILITIES 1,764,931 1,723,061
Creditors: Amounts Falling Due After More Than One Year 8 (11,262,954 ) (10,355,477 )
NET LIABILITIES (9,498,023 ) (8,632,416 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement (9,498,123 ) (8,632,516 )
SHAREHOLDERS' FUNDS (9,498,023) (8,632,416)
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For the year ending 31 March 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 Income Statement.
On behalf of the board
Mr Benjamin Weatherall
Director
07/08/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Curam.IO Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10743464 . The registered office is 18 Ashwin Street, London, E8 3DL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
2.2. Going Concern Disclosure
The company is reliant on continued financial support from the Ecare Group Ltd group of companies.  The directors of Ecare Group Ltd have indicated their willingness to continue to support the company.  On this assertion, these financial statements have been prepared on a going concern basis.
2.3. Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured.  Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, valued added tax and other sales taxes.  The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
  • the amount of revenue can be measured reliably;
  • it is probable that the Company will receive the consideration due under the contract;
  • the stage of completion of the contract at the end of the reporting period can be measured reliably; and
  • the costs incurred and the costs to complete the contract can be measured reliably.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relates to computer software.  Intangible fixed assets are initially recognised at cost.  After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life.  If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.  Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of the assets less their residual value over their estimated useful lives, using the straight line method.
Depreciation is provided on the following bases:
Computer Equipment 33%
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit and loss.
2.6. Financial Instruments
Financial instruments are recognised in the Company's Statement of Financial Position when the company becomes party to the contractual provisions of the instrument.
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2.7. Foreign Currencies
Functional and presentation currency
The Company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate.  Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
2.8. Taxation
The tax expense for the year comprises current and deferred tax.  Tax is recognised in profit and loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
  • The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
  • Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair value of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or sunstantively enacted by the reporting date.
2.9. Pensions
Defined contribution pension plan
The Company operates a defined contribution plan for its employees.  A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity.  Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit and loss when they fall due.  Amounts not paid are shown in accruals as a liability in the Statement of Financial Position.  The assets of the plan are held separately from the Company in independently administered funds.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 45 (2024: 25)
45 25
4. Intangible Assets
Other
£
Cost
As at 1 April 2024 2,336,493
As at 31 March 2025 2,336,493
Amortisation
As at 1 April 2024 1,366,498
Provided during the period 233,649
As at 31 March 2025 1,600,147
...CONTINUED
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Net Book Value
As at 31 March 2025 736,346
As at 1 April 2024 969,995
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2024 14,499
Additions 2,558
As at 31 March 2025 17,057
Depreciation
As at 1 April 2024 13,910
Provided during the period 1,216
As at 31 March 2025 15,126
Net Book Value
As at 31 March 2025 1,931
As at 1 April 2024 589
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 37,452 30,331
Amounts owed by group undertakings 35,961 -
Other debtors 18,000 28,899
91,413 59,230
Due after more than one year
Other debtors 2,409,570 1,749,395
2,500,983 1,808,625
The other debtor due after more than one year of £2,082,759 is a deferred tax asset.
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 68,697 161,040
Other taxes and social security 19,411 92,914
VAT 3,660 -
Other creditors 11,689 3,795
Accruals and deferred income 164,420 158,250
Amounts owed to group undertakings 1,241,224 645,543
1,509,101 1,061,542
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Amounts owed to group undertakings 11,262,954 10,355,477
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Ecare Group Ltd , whose registered office address is at 18 Ashwin Street, London, E8 3DL. Ecare Group Ltd was incorporated in England and Wales.  There is no ultimate controlling party as no individual or entity holds a controlling interest in Ecare Group Ltd.
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