Company registration number 13655196 (England and Wales)
ACUITY CAPITAL SPV LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
PAGES FOR FILING WITH REGISTRAR
ACUITY CAPITAL SPV LIMITED
COMPANY INFORMATION
Director
Mrs S L Radley
Company number
13655196
Registered office
Eastern Suite, 2nd Floor The Painting House
Royal Porcelain Works
Severn Street
Worcester
Worcestershire
WR1 2NE
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Barclays Bank Plc
Leicester
Leicestershire
LE87 2BB
ACUITY CAPITAL SPV LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
ACUITY CAPITAL SPV LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ACUITY CAPITAL SPV LIMITED FOR THE YEAR ENDED 31 OCTOBER 2023
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Acuity Capital SPV Limited for the year ended 31 October 2023 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of Acuity Capital SPV Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Acuity Capital SPV Limited and state those matters that we have agreed to state to the board of directors of Acuity Capital SPV Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Acuity Capital SPV Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Acuity Capital SPV Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Acuity Capital SPV Limited. You consider that Acuity Capital SPV Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Acuity Capital SPV Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ormerod Rutter Limited
28 May 2024
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
ACUITY CAPITAL SPV LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2023
31 October 2023
- 2 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
5,265,996
1,131,989
Cash at bank and in hand
148,487
13,039
5,414,483
1,145,028
Creditors: amounts falling due within one year
4
(1,694,899)
(434,582)
Net current assets
3,719,584
710,446
Creditors: amounts falling due after more than one year
5
(3,732,782)
(730,743)
Net liabilities
(13,198)
(20,297)
Capital and reserves
Called up share capital
7
1
1
Profit and loss reserves
(13,199)
(20,298)
Total equity
(13,198)
(20,297)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 28 May 2024 and are signed on its behalf by:
Mrs S L Radley
Director
Company registration number 13655196 (England and Wales)
ACUITY CAPITAL SPV LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
- 3 -
1
Accounting policies
Company information
Acuity Capital SPV Limited is a private company limited by shares incorporated in England and Wales. The registered office is Eastern Suite, 2nd Floor The Painting House, Royal Porcelain Works, Severn Street, Worcester, Worcestershire, England, WR1 2NE.
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 have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.
Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
5,167,360
1,110,744
Other debtors
98,636
16,935
5,265,996
1,127,679
Deferred tax asset
4,310
5,265,996
1,131,989
ACUITY CAPITAL SPV LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 4 -
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
16,100
2,400
Amounts owed to group undertakings
1,351,954
408,756
Other creditors
326,845
23,426
1,694,899
434,582
5
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
3,732,782
730,743
6
Secured debts
The following secured debts are included within creditors:
2023
2022
£
£
Bank loans
3,732,782
730,743
Bank loans are secured by way of a fixed and floating charge over all assets of the company.
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1
1
1
1
8
Control
Ultimate parent company
The ultimate parent company is Acuity Capital Limited, a company registered in England and Wales.
Ultimate controlling party
The ultimate controlling party is Mrs S L Radley by virtue of her controlling interest in the ultimate parent company.