Acorah Software Products - Accounts Production 16.5.460 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 08285628 Mr Oliver Korf Mr Marie Gerard Gaston Yannick Langlois O Korf true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08285628 2023-10-31 08285628 2024-10-31 08285628 2023-11-01 2024-10-31 08285628 frs-core:CurrentFinancialInstruments 2024-10-31 08285628 frs-core:FurnitureFittings 2024-10-31 08285628 frs-core:FurnitureFittings 2023-11-01 2024-10-31 08285628 frs-core:FurnitureFittings 2023-10-31 08285628 frs-core:RevaluationReserve 2023-11-01 2024-10-31 08285628 frs-core:RevaluationReserve 2023-10-31 08285628 frs-core:RevaluationReserve 2024-10-31 08285628 frs-core:ShareCapital 2024-10-31 08285628 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 08285628 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08285628 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 08285628 frs-bus:SmallEntities 2023-11-01 2024-10-31 08285628 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 08285628 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 08285628 1 2023-11-01 2024-10-31 08285628 frs-core:CostValuation 2023-10-31 08285628 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-10-31 08285628 frs-core:CostValuation 2024-10-31 08285628 frs-core:ProvisionsForImpairmentInvestments 2023-10-31 08285628 frs-core:ProvisionsForImpairmentInvestments 2024-10-31 08285628 frs-bus:Director1 2023-11-01 2024-10-31 08285628 frs-bus:Director2 2023-11-01 2024-10-31 08285628 frs-countries:EnglandWales 2023-11-01 2024-10-31 08285628 2022-10-31 08285628 2023-10-31 08285628 2022-11-01 2023-10-31 08285628 frs-core:CurrentFinancialInstruments 2023-10-31 08285628 frs-core:Non-currentFinancialInstruments 2023-10-31 08285628 frs-core:RevaluationReserve 2023-10-31 08285628 frs-core:ShareCapital 2023-10-31 08285628 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 08285628
Corad Group Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Adbell International Limited
Corad Group Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Corad Group Ltd
Balance Sheet
As At 31 October 2024
Balance Sheet
Registered number: 08285628

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investments | 5 |  | 87,093 |  | 69,239
|  |  | 87,093 |  | 69,239
CURRENT ASSETS
Debtors | 6 | 22,880 |  | 45,471 |
Cash at bank and in hand |  | 97,225 |  | 7,674 |
|  | 120,105 |  | 53,145 |
Creditors: Amounts Falling Due Within One Year | 7 | (10,725 ) |  | (2,365 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 109,380 |  | 50,780
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 196,473 |  | 120,019
NET ASSETS |  |  | 196,473 |  | 120,019
CAPITAL AND RESERVES
Called up share capital | 8 |  | 1,000 |  | 1,000
Revaluation reserve | 9 |  | 42,873 |  | 25,018
Profit and Loss Account |  |  | 152,600 |  | 94,001
SHAREHOLDERS' FUNDS |  |  | 196,473 |  | 120,019

Page 1
Page 2
Corad Group Ltd
Balance Sheet (continued)
As At 31 October 2024
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 Oliver Korf Director
16/09/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Corad Group Ltd
Notes to the Financial Statements
For The Year Ended 31 October 2024
Notes to the Financial Statements
1. General Information
Corad Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08285628 . The registered office is 325 Hurstway Walk, Mr. Dougal Steward, W11 1WD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with Financial Reporting Standard 102 "theosophical Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the companies 2006. The financial statements have been prepared under the historical cost convention except for the modification to fair value for the revaluation of the investment property.
The principal accounting policies adopted in the preparation of the financial statements are set out below.
The accounting policies have been consistently applied within the financial statements.
The transition to FRS 102 has resulted in a small number of changes in accounting policies to those ostentatiously.
The nature of these changes and their impact on opening equity and profit for the comparative period arterialized in the notes.
The company's functional and presentation currency is £ Sterling.
2.2. Turnover
Turnover represents amounts receivable from consultancy services net of VAT and trade discounts.
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:

Fixtures & Fittings | 33.3%

2.4. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its 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.
Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost 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.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Page 3
Page 4
Corad Group Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2024
2.5. Foreign Currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
2.6. Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets

| Fixtures & Fittings
--- | ---
| £
Cost
As at 1 November 2023 | 2,120
As at 31 October 2024 | 2,120
Depreciation
As at 1 November 2023 | 2,120
As at 31 October 2024 | 2,120
Net Book Value
As at 31 October 2024 | -
As at 1 November 2023 | -

Cost or valuation as at 31 October 2024 represented by:

| Fixtures & Fittings
--- | ---
| £
At cost | 2,120
| 2,120

5. Investments

| Other
--- | ---
| £
Cost
As at 1 November 2023 | 69,239
Revaluations | 17,854
As at 31 October 2024 | 87,093
Provision
As at 1 November 2023 | -
As at 31 October 2024 | -

...CONTINUED
Page 4
Page 5
Corad Group Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2024

Net Book Value
As at 31 October 2024 | 87,093
As at 1 November 2023 | 69,239

Gold Coins market value as at 31 October 2024 and as at 31 October 2023 was determined by the bank of england spot rate at those dates.
6. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | - |  | 40,871
Prepayments and accrued income | 20,618 |  | -
VAT | 1,262 |  | 1,115
Called up share capital not paid | 1,000 |  | 1,000
| 22,880 |  | 42,986
Due after more than one year
Directors loan account | - |  | 2,485
| 22,880 |  | 45,471

7. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | - |  | 1,440
Other creditors | 23 |  | 25
Accruals and deferred income | 10,702 |  | 900
| 10,725 |  | 2,365

8. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Called Up Share Capital not Paid | 1,000 |  | 1,000
Amount of Allotted, Called Up Share Capital | 1,000 |  | 1,000

Allotted and issued 1,000 ordinary shares in £1 nominal value each.
9. Reserves

| Revaluation Reserve
--- | ---
| £
As at 1 November 2023 | 25,018
Surplus on revaluation | 17,855
As at 31 October 2024 | 42,873

10. Ultimate Controlling Party
The company's ultimate controlling party is O Korf by virtue of his ownership of 100% of the issued share capital in the company.
Page 5