ACCOUNTS - Final Accounts

Creditors: Amounts falling due within one year

Registered number: 01533853

COROLLDRAW LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 NOVEMBER 2025

COROLLDRAW LIMITED

REGISTERED NUMBER: 01533853

STATEMENT OF FINANCIAL POSITION

AS AT 30 NOVEMBER 2025

	30 November	31 May
	2025	2025
Note	£	£


Current assets
Debtors: amounts falling due within one year	4	-		416,979
Cash at bank and in hand		-		5,564
		-		422,543
Creditors: amounts falling due within one year	5	-		(88,768)
Net current assets			-		333,775
Total assets less current liabilities			-		333,775

Net assets			-		333,775

Capital and reserves
Called up share capital	6	215	215
Share premium account		82,212	82,212
Profit and loss account		(82,427)	251,348
		-	333,775

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COROLLDRAW LIMITED

REGISTERED NUMBER: 01533853

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 NOVEMBER 2025

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 January 2026.

Sukhdev Mehta

Director

The notes on pages 3 to 7 form part of these financial statements.

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COROLLDRAW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2025

1.	General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 01533853. The Company's registered office is Unit 7 Phoenix Industrial Estate, Loxdale Street, Bilston, West Midlands WV14 0PR. The principal activity of the company was previously that of confectionery wholesalers until December 2024, from this date the company is effectively a dormant company.

The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and 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

The financial statements have been prepared on a break-up basis rather than the going concern basis. This is due to the company’s intention to apply for voluntary strike-off and the expectation that it will be dissolved within 12 months of the date these financial statements are authorised for issue..

2.3

Foreign currency translation

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

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COROLLDRAW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2025

2.Accounting policies (continued)

2.4

Revenue

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, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.5

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 or 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.

2.6

Taxation

Tax is recognised in profit or 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.

2.7

Tangible fixed assets

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.

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COROLLDRAW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2025

2.Accounting policies (continued)

2.7

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles	-	25% reducing balance
Fixtures and fittings	-	10% reducing balance
Office equipment	-	20% reducing balance

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 or loss.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the period was 1 (2025 - 9).

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COROLLDRAW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2025

Debtors

					30 November	31 May
					2025	2025
					£	£


Amounts owed by group undertakings	-	416,873
Other debtors	-	106
	-	416,979

Trade creditors	-	88,768
	-	88,768

Allotted, called up and fully paid

215 (2025 - 215) Ordinary shares of £1.00 each	215	215

7.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £nil (31 May 2025 - £3,310).

8.	Related party transactions
	The company is exempt from disclosing other related party transactions as they are with other companies that are wholly owned within the Group.

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COROLLDRAW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2025

9.	Post balance sheet events

The company intends to apply for voluntary strike-off and expects to be dissolved within 12 months of the
date these financial statements are authorised for issue. This event occurred after the reporting date and
is therefore classified as a non-adjusting event under FRS 102 Section 32. Accordingly, no adjustments
have been made to the amounts recognised in these financial statements as at 30 November 2025.

Given the intention to strike off, the financial statements have been prepared on an alternative basis of
preparation rather than the going concern basis. Under this basis, assets are stated at their estimated
realisable values and liabilities at the amounts expected to be settled. Further details of the accounting
policies applied under this basis are set out in Note 2.2.

10.	Controlling party

The parent and ultimate parent company is The Monmore Group Ltd. Copies of The Monmore Group Ltd consolidated financial statements can be obtained from Unit 7 Phoenix Industrial Estate, Loxdale Street, Bilston, West Midlands, WV14 0PR. The controlling interest in the ultimate parent company is held by Sukhdev and Santosh Mehta.

11.	Auditors' information

The auditors' report included an Emphasis of Matter paragraph drawing atttention to the basis of preparation of financial statements on an alternative basis rather than going concern basis as disclosed in Note 9 for the period ended 30 November 2025. The audit opinion was otherwise unqualified.

The audit report was signed on 5 January 2026 by Mark Cupitt (Senior Statutory Auditor) on behalf of Lancaster Clements Limited.

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