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REGISTERED NUMBER: SC215503 (Scotland)
















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

ACUMEN HOLDINGS (ABERDEEN) LIMITED

ACUMEN HOLDINGS (ABERDEEN) LIMITED (REGISTERED NUMBER: SC215503)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ACUMEN HOLDINGS (ABERDEEN) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: A G Robertson





REGISTERED OFFICE: The Cottage
2 Devanha Gardens
Aberdeen
AB11 7UW





REGISTERED NUMBER: SC215503 (Scotland)





AUDITORS: McLay, McAlister & McGibbon LLP
Chartered Accountants and Statutory Auditors
145 St. Vincent Street
Glasgow
G2 5JF

ACUMEN HOLDINGS (ABERDEEN) LIMITED (REGISTERED NUMBER: SC215503)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 337,209 337,209

CURRENT ASSETS
Debtors 5 1,126,943 922,277
Cash at bank 93,536 203,501
1,220,479 1,125,778
CREDITORS
Amounts falling due within one year 6 14,508 7,598
NET CURRENT ASSETS 1,205,971 1,118,180
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,543,180

1,455,389

CAPITAL AND RESERVES
Called up share capital 319,688 319,688
Retained earnings 1,223,492 1,135,701
1,543,180 1,455,389

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 director and authorised for issue on 31 July 2024 and were signed by:





A G Robertson - Director


ACUMEN HOLDINGS (ABERDEEN) LIMITED (REGISTERED NUMBER: SC215503)

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

1. STATUTORY INFORMATION

Acumen Holdings (Aberdeen) Limited is a private company, limited by shares , registered in Scotland. 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.

Preparation of consolidated financial statements
The financial statements contain information about Acumen Holdings (Aberdeen) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Other investments are recognised initially at fair value which is normally the transaction cost. Subsequently, they are measured at fair value through profit and loss if they are publicly traded or their fair value can be measured reliably.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

ACUMEN HOLDINGS (ABERDEEN) LIMITED (REGISTERED NUMBER: SC215503)

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2022
and 31 October 2023 337,209
NET BOOK VALUE
At 31 October 2023 337,209
At 31 October 2022 337,209

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Amounts owed by group undertakings 701,389 510,979
Other debtors 425,554 411,298
1,126,943 922,277

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Taxation and social security 8,510 1,600
Other creditors 5,998 5,998
14,508 7,598

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

George Macshannon (Senior Statutory Auditor)
for and on behalf of McLay, McAlister & McGibbon LLP

8. RELATED PARTY DISCLOSURES

The company has granted a bond and floating charge over its assets in respect of borrowings by a subsidiary company. The loan balance at 31st October 2023 was £1,849,772 (2022: £1,883,381)
Balances of £701,389 (2022 :£510,979) are due from group companies, the balances are interest free and repayable on demand.