Registered number
11635205
Acorn Dallow Road Limited
Filleted Accounts
30 September 2022
Acorn Dallow Road Limited
Registered number: 11635205
Balance Sheet
as at 30 September 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 306,759 306,579
Investments 4 297,044 297,044
603,803 603,623
Current assets
Debtors 5 171,770 205,598
Cash at bank and in hand 29,550 34,786
201,320 240,384
Creditors: amounts falling due within one year 6 (66,911) (75,622)
Net current assets 134,409 164,762
Total assets less current liabilities 738,212 768,385
Creditors: amounts falling due after more than one year 7 (681,929) (726,934)
Net assets 56,283 41,451
Capital and reserves
Called up share capital 1 1
Profit and loss account 56,282 41,450
Shareholders' funds 56,283 41,451
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K P Patel
Director
Approved by the board on 6 October 2023
Acorn Dallow Road Limited
Notes to the Accounts
for the year ended 30 September 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and equipment 20% per annum on reducing balance basis
Investment properties
Investment properties are held for capital appreciation and rental income and therefore no depreciation has been charged.
Investments
Investments in subsidiary undertakings are recognised at cost.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Investment property Fixtures, fittings & equipment Total
£ £ £
Cost
At 1 October 2021 306,579 - 306,579
Additions - 225 225
At 30 September 2022 306,579 225 306,804
Depreciation
Charge for the year - 45 45
At 30 September 2022 - 45 45
Net book value
At 30 September 2022 306,579 180 306,759
At 30 September 2021 306,579 - 306,579
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 October 2021 297,044
At 30 September 2022 297,044
5 Debtors 2022 2021
£ £
Trade debtors 171,595 204,275
Other debtors 175 1,323
171,770 205,598
6 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 55,605 65,064
Taxation and social security costs 8,459 10,258
Other creditors 2,847 300
66,911 75,622
7 Creditors: amounts falling due after one year 2022 2021
£ £
Other creditors 681,929 726,934
8 Related party transactions
The company owns 100% of the issued share capital of Dallow Road Retail Limited. The net amount owed by Dallow Road Retail Limited was £171,595 as at 30 September 2022.
9 Ultimate controlling party
Controlling party is the director, Mr K P Patel who owns all the shares issued in the company.
10 Other information
Acorn Dallow Road Limited is a private company limited by shares and incorporated in England. Its registered office is:
8 Poplars End
Toddington
Dunstable
Bedfordshire
LU5 6HQ
Acorn Dallow Road Limited 11635205 false 2021-10-01 2022-09-30 2022-09-30 VT Final Accounts April 2022 K P Patel No description of principal activity 11635205 2020-10-01 2021-09-30 11635205 core:WithinOneYear 2021-09-30 11635205 core:AfterOneYear 2021-09-30 11635205 core:ShareCapital 2021-09-30 11635205 core:RetainedEarningsAccumulatedLosses 2021-09-30 11635205 2021-10-01 2022-09-30 11635205 bus:PrivateLimitedCompanyLtd 2021-10-01 2022-09-30 11635205 bus:AuditExemptWithAccountantsReport 2021-10-01 2022-09-30 11635205 bus:Director40 2021-10-01 2022-09-30 11635205 1 2021-10-01 2022-09-30 11635205 2 2021-10-01 2022-09-30 11635205 core:LandBuildings 2021-10-01 2022-09-30 11635205 core:PlantMachinery 2021-10-01 2022-09-30 11635205 countries:England 2021-10-01 2022-09-30 11635205 bus:FRS102 2021-10-01 2022-09-30 11635205 bus:FullAccounts 2021-10-01 2022-09-30 11635205 2022-09-30 11635205 core:WithinOneYear 2022-09-30 11635205 core:AfterOneYear 2022-09-30 11635205 core:ShareCapital 2022-09-30 11635205 core:RetainedEarningsAccumulatedLosses 2022-09-30 11635205 core:LandBuildings 2022-09-30 11635205 core:PlantMachinery 2022-09-30 11635205 2021-09-30 11635205 core:LandBuildings 2021-09-30 11635205 core:PlantMachinery 2021-09-30 iso4217:GBP xbrli:pure