IRIS Accounts Production v23.3.1.45 03397032 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033970322022-03-31033970322023-03-31033970322022-04-012023-03-31033970322021-03-31033970322021-04-012022-03-31033970322022-03-3103397032ns10:Originalns15:EnglandWales2022-04-012023-03-3103397032ns14:PoundSterlingns10:Original2022-04-012023-03-3103397032ns10:Originalns10:Director12022-04-012023-03-3103397032ns10:Original2022-04-012023-03-3103397032ns10:Original2023-03-3103397032ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3103397032ns10:Originalns10:SmallEntities2022-04-012023-03-3103397032ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3103397032ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3103397032ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3103397032ns10:Originalns10:FullAccounts2022-04-012023-03-3103397032ns10:Original12022-04-012023-03-3103397032ns10:Originalns10:Director22022-04-012023-03-3103397032ns10:Originalns10:Director32022-04-012023-03-3103397032ns10:Originalns10:RegisteredOffice2022-04-012023-03-3103397032ns10:Original2022-03-3103397032ns10:Originalns5:CurrentFinancialInstruments2023-03-3103397032ns10:Originalns5:CurrentFinancialInstruments2022-03-3103397032ns10:Originalns5:Non-currentFinancialInstruments2023-03-3103397032ns10:Originalns5:Non-currentFinancialInstruments2022-03-3103397032ns5:ShareCapitalns10:Original2023-03-3103397032ns5:ShareCapitalns10:Original2022-03-3103397032ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3103397032ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3103397032ns10:Originalns5:NetGoodwill2022-04-012023-03-3103397032ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-04-012023-03-3103397032ns10:Originalns5:LeaseholdImprovements2022-04-012023-03-3103397032ns10:Originalns5:FurnitureFittings2022-04-012023-03-3103397032ns10:Originalns5:MotorVehicles2022-04-012023-03-3103397032ns10:Originalns5:ComputerEquipment2022-04-012023-03-3103397032ns10:Original2021-04-012022-03-3103397032ns10:Originalns5:NetGoodwill2022-03-3103397032ns10:Originalns5:NetGoodwill2023-03-3103397032ns10:Originalns5:NetGoodwill2022-03-3103397032ns10:Originalns5:LeaseholdImprovements2022-03-3103397032ns10:Originalns5:FurnitureFittings2022-03-3103397032ns10:Originalns5:MotorVehicles2022-03-3103397032ns10:Originalns5:ComputerEquipment2022-03-3103397032ns10:Original2022-03-3103397032ns10:Originalns5:LeaseholdImprovements2023-03-3103397032ns10:Originalns5:FurnitureFittings2023-03-3103397032ns10:Originalns5:MotorVehicles2023-03-3103397032ns10:Originalns5:ComputerEquipment2023-03-3103397032ns10:Originalns5:LeaseholdImprovements2022-03-3103397032ns10:Originalns5:FurnitureFittings2022-03-3103397032ns10:Originalns5:MotorVehicles2022-03-3103397032ns10:Originalns5:ComputerEquipment2022-03-3103397032ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103397032ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3103397032ns5:Securedns10:Original2023-03-3103397032ns5:Securedns10:Original2022-03-31
REGISTERED NUMBER: 03397032 (England and Wales)















ACORN HOMES (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






ACORN HOMES (UK) LIMITED (REGISTERED NUMBER: 03397032)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACORN HOMES (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: D L B Knowles
Mrs A D M Cheeseman
M A Blesky





REGISTERED OFFICE: Unit 73 and 74
Maple Leaf Business Park
Manston
Ramsgate
Kent
CT12 5GD





REGISTERED NUMBER: 03397032 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

ACORN HOMES (UK) LIMITED (REGISTERED NUMBER: 03397032)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 773,912 414,419
773,912 414,419

CURRENT ASSETS
Debtors 6 2,595,120 1,512,277
Cash at bank and in hand 1,072,503 2,378,270
3,667,623 3,890,547
CREDITORS
Amounts falling due within one year 7 (1,488,143 ) (1,434,013 )
NET CURRENT ASSETS 2,179,480 2,456,534
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,953,392

2,870,953

CREDITORS
Amounts falling due after more than one
year

8

(48,237

)

(39,769

)

PROVISIONS FOR LIABILITIES (38,110 ) (1,611 )
NET ASSETS 2,867,045 2,829,573

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 2,866,045 2,828,573
SHAREHOLDERS' FUNDS 2,867,045 2,829,573

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ACORN HOMES (UK) LIMITED (REGISTERED NUMBER: 03397032)

BALANCE SHEET - continued
31 MARCH 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2023 and were signed on its behalf by:





Mrs A D M Cheeseman - Director


ACORN HOMES (UK) LIMITED (REGISTERED NUMBER: 03397032)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Acorn Homes (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts receivable for supplies of services including value added tax.

Goodwill
Goodwill arising on the acquisition of subsidiary undertakings and businesses, representing any excess of the fair value of the consideration given over the identifiable assets and liabilities acquired is capitalised and written off over its useful economic life, which is 5 years. Provision is made for any impairment.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over the term of the lease
Fixture & Fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ACORN HOMES (UK) LIMITED (REGISTERED NUMBER: 03397032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 162 (2022 - 164 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 23,267
AMORTISATION
At 1 April 2022
and 31 March 2023 23,267
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Improvements
to Fixture & Motor Computer
property Fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 130,814 192,308 408,727 84,879 816,728
Additions 247,006 - 215,957 30,212 493,175
Disposals (4,200 ) (56,303 ) (52,500 ) (45,885 ) (158,888 )
At 31 March 2023 373,620 136,005 572,184 69,206 1,151,015
DEPRECIATION
At 1 April 2022 23,781 152,965 169,421 56,142 402,309
Charge for year 7,956 5,296 57,615 6,291 77,158
Eliminated on disposal (1,400 ) (38,419 ) (34,640 ) (27,905 ) (102,364 )
At 31 March 2023 30,337 119,842 192,396 34,528 377,103
NET BOOK VALUE
At 31 March 2023 343,283 16,163 379,788 34,678 773,912
At 31 March 2022 107,033 39,343 239,306 28,737 414,419

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 635,080 330,278
Sundry debtors 25,866 1,774
Acorn Homes (Kent) Limited 214,488 214,488
LSM (Kent) Limited 26,308 26,308
Lighthouse Capital Investments 1,577,162 862,342
Prepayments 116,216 77,087
2,595,120 1,512,277

ACORN HOMES (UK) LIMITED (REGISTERED NUMBER: 03397032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 18,012
Hire purchase contracts 41,625 36,874
Trade creditors 109,346 70,221
Corporation Tax 254,036 237,035
Social security and other taxes 143,855 112,241
Sundry creditors 112,428 77,433
Essence Media Limited 11,761 11,761
Deferred income 431,549 483,962
Accrued expenses 383,543 386,474
1,488,143 1,434,013

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 48,237 39,769

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 18,012

The bank loans are secured by mortgages over the related properties and by legal, fixed and floating charges over the company's assets.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.