Company registration number 12136027 (England and Wales)
CORRODERE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
CORRODERE LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
CORRODERE LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2025
31 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,903
3,398
Current assets
Debtors
4
230,862
195,609
Cash at bank and in hand
1,063,272
873,598
1,294,134
1,069,207
Creditors: amounts falling due within one year
5
(349,209)
(355,546)
Net current assets
944,925
713,661
Net assets
946,828
717,059
Capital and reserves
Called up share capital
6
200
200
Share premium account
2,980
2,980
Profit and loss reserves
943,648
713,879
Total equity
946,828
717,059

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 February 2026 and are signed on its behalf by:
A S Deere
Director
Company registration number 12136027 (England and Wales)
CORRODERE LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2025
- 2 -
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 November 2023
200
2,980
489,650
492,830
Year ended 31 October 2024:
Profit and total comprehensive income
-
-
274,229
274,229
Dividends
-
-
(50,000)
(50,000)
Balance at 31 October 2024
200
2,980
713,879
717,059
Year ended 31 October 2025:
Profit and total comprehensive income
-
-
279,769
279,769
Dividends
-
-
(50,000)
(50,000)
Balance at 31 October 2025
200
2,980
943,648
946,828
CORRODERE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
- 3 -
1
Accounting policies
Company information

Corrodere Limited is a private company limited by shares incorporated in England and Wales. The registered office is Peel House, Upper South View, Farnham, Surrey, GU9 7JN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for education, training and marketing services net of VAT.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet 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 debtors 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. Financial assets classified as receivable within one year are not amortised.

CORRODERE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 4 -
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

Basic financial liabilities, including trade and other creditors, accruals and tax liabilities, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts 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 creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

CORRODERE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 5 -
1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
12
11
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2024
8,106
Additions
1,675
At 31 October 2025
9,781
Depreciation and impairment
At 1 November 2024
4,708
Depreciation charged in the year
3,170
At 31 October 2025
7,878
Carrying amount
At 31 October 2025
1,903
At 31 October 2024
3,398
CORRODERE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 6 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
192,196
146,859
Other debtors
38,666
48,750
230,862
195,609
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
38,015
72,326
Corporation tax
96,584
93,061
Other taxation and social security
20,680
24,302
Other creditors
33,426
105,773
Accruals
160,504
60,084
349,209
355,546
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
200
200
200
200
7
Related party transactions

Included in other creditors is £13,763 (2024: £93,866) amounts due to companies in which the directors have a controlling interest.

2025-10-31 2024-11-01 false false false 11 February 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity B M Fitzsimons A S Deere D A Eyre L E Pavia 12136027 2024-11-01 2025-10-31 12136027 2025-10-31 12136027 2024-10-31 12136027 core:OtherPropertyPlantEquipment 2025-10-31 12136027 core:OtherPropertyPlantEquipment 2024-10-31 12136027 core:CurrentFinancialInstruments core:WithinOneYear 2025-10-31 12136027 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 12136027 core:CurrentFinancialInstruments 2025-10-31 12136027 core:CurrentFinancialInstruments 2024-10-31 12136027 core:ShareCapital 2025-10-31 12136027 core:ShareCapital 2024-10-31 12136027 core:SharePremium 2025-10-31 12136027 core:SharePremium 2024-10-31 12136027 core:RetainedEarningsAccumulatedLosses 2025-10-31 12136027 core:RetainedEarningsAccumulatedLosses 2024-10-31 12136027 core:ShareCapital 2023-10-31 12136027 core:SharePremium 2023-10-31 12136027 core:RetainedEarningsAccumulatedLosses 2023-10-31 12136027 core:ShareCapitalOrdinaryShareClass1 2025-10-31 12136027 core:ShareCapitalOrdinaryShareClass1 2024-10-31 12136027 bus:Director2 2024-11-01 2025-10-31 12136027 core:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 12136027 2023-11-01 2024-10-31 12136027 core:RetainedEarningsAccumulatedLosses 2024-11-01 2025-10-31 12136027 core:ComputerEquipment 2024-11-01 2025-10-31 12136027 core:OtherPropertyPlantEquipment 2024-10-31 12136027 core:OtherPropertyPlantEquipment 2024-11-01 2025-10-31 12136027 bus:OrdinaryShareClass1 2024-11-01 2025-10-31 12136027 bus:OrdinaryShareClass1 2025-10-31 12136027 bus:OrdinaryShareClass1 2024-10-31 12136027 bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 12136027 bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 12136027 bus:FRS102 2024-11-01 2025-10-31 12136027 bus:AuditExemptWithAccountantsReport 2024-11-01 2025-10-31 12136027 bus:Director1 2024-11-01 2025-10-31 12136027 bus:Director3 2024-11-01 2025-10-31 12136027 bus:Director4 2024-11-01 2025-10-31 12136027 bus:FullAccounts 2024-11-01 2025-10-31 xbrli:pure xbrli:shares iso4217:GBP