Acorah Software Products - Accounts Production 19.4.300 false true true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 12210462 Mr Paolo Aruta Mr Ferdinando Fusaro true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12210462 2024-12-31 12210462 2025-12-31 12210462 2025-01-01 2025-12-31 12210462 frs-core:CurrentFinancialInstruments 2025-12-31 12210462 frs-core:Non-currentFinancialInstruments 2025-12-31 12210462 frs-core:ShareCapital 2025-12-31 12210462 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 12210462 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 12210462 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 12210462 frs-bus:SmallEntities 2025-01-01 2025-12-31 12210462 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 12210462 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 12210462 1 2025-01-01 2025-12-31 12210462 frs-core:CostValuation 2024-12-31 12210462 frs-core:AdditionsToInvestments 2025-12-31 12210462 frs-core:CostValuation 2025-12-31 12210462 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 12210462 frs-core:ProvisionsForImpairmentInvestments 2025-12-31 12210462 frs-bus:Director1 2025-01-01 2025-12-31 12210462 frs-bus:Director2 2025-01-01 2025-12-31 12210462 frs-countries:EnglandWales 2025-01-01 2025-12-31 12210462 2023-12-31 12210462 2024-12-31 12210462 2024-01-01 2024-12-31 12210462 frs-core:CurrentFinancialInstruments 2024-12-31 12210462 frs-core:Non-currentFinancialInstruments 2024-12-31 12210462 frs-core:ShareCapital 2024-12-31 12210462 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 12210462
Drav London Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Tax and Advise Ltd
19 The Circle
Queen Elizabeth Street
London
SE1 2JE
Drav London Ltd
Contents
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Drav London Ltd
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 12210462
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investments 4 101,100 100,100
101,100 100,100
CURRENT ASSETS
Stocks 5 4,550 -
Debtors 6 138,028 130,196
Cash at bank and in hand 14,779 1,601
157,357 131,797
Creditors: Amounts Falling Due Within One Year 7 (208,591 ) (163,458 )
NET CURRENT ASSETS (LIABILITIES) (51,234 ) (31,661 )
TOTAL ASSETS LESS CURRENT LIABILITIES 49,866 68,439
NET ASSETS 49,866 68,439
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 48,866 67,439
SHAREHOLDERS' FUNDS 49,866 68,439
Page 1
Page 2
Drav London Ltd
Balance Sheet (continued)
As At 31 December 2025
For the year ending 31 December 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 Profit and Loss Account.
On behalf of the board
Mr Paolo Aruta
Director
01/09/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Drav London Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Drav London Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12210462 . The registered office is 19 The Circle , Queen Elizabeth Street, London, SE1 2JE.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Investments
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. 
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
Page 4
Drav London Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.5. 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 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, which include 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.
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 creditors, 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 payments 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. Amounts 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.
2.6. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 4
Page 5
Drav London Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.8. Fixed asset Investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. 
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Investments
Other
£
Cost
As at 1 January 2025 100,100
Additions 1,000
As at 31 December 2025 101,100
Provision
As at 1 January 2025 -
As at 31 December 2025 -
Net Book Value
As at 31 December 2025 101,100
As at 1 January 2025 100,100
Investments includes:
100% of the shares of Freco Mercati Limited for the amount of £100
100% of the shares of Freco London Limited for the amount of £100,000
100% of the shares of Vaux Pizza Limited for the amount of £1,000
Page 5
Page 6
Drav London Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
5. Stocks
2025 2024
£ £
Stock Asset 4,550 -
6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income - 1,377
Corporation tax recoverable assets - 4,664
VAT 953 1,233
Other taxes and social security 2 -
955 7,274
Due after more than one year
Amounts owed by subsidiaries 137,073 122,922
138,028 130,196
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 321 -
Other taxes and social security - 1,958
Accruals and deferred income 583 -
Amounts owed to parent undertaking 207,687 161,500
208,591 163,458
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Related Party Disclosures
At the year end the company:
Company due to
Company due from
2025
2024
Drav London Ltd
Fresco London Limited
£48,602
£38,952
Fresco Mercati Ltd
Drav London Ltd
£135,143
£161,500
Drav London Ltd
Vaux Pizza 
£88,470
£83,970
Drav Italia SPA
Drav London Ltd
£72,544
£0
10. Controlling Parties
The company's ultimate controlling party is Mr Ernesto Aruta A by virtue of his ownership of more than 25% but not more than 50% of the issued share capital in the company.
Page 6