Company No:
Contents
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Current assets | ||||
Debtors | 3 |
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10,423 | 10,423 | |||
Creditors: amounts falling due within one year | 4 | (
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Net current assets | 3,619 | 3,885 | ||
Total assets less current liabilities | 3,619 | 3,885 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account |
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Total shareholder's funds |
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Director's responsibilities:
The financial statements of Acorn Developments 3 (SW) Limited (registered number:
M Thomas
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Acorn Developments 3 (SW) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 40 Kingston House, 1 Kingston Road, Taunton, TA2 7ED, England, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Assets held under hire purchase agreements are capitalised as tangible fixed assets with the future obligation being recognised as a liability. Finance costs are recognised in the Profit and Loss Account calculated at a constant periodic rate of interest over the term of the liability.
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Monthly average number of persons employed by the Company during the year, including the director |
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Amounts owed by Group undertakings |
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Other debtors |
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Trade creditors |
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Other creditors |
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Other related party transactions
During the year the company entered into a number of transactions with other companies which are not fellow group companies but which are under the control of M P Thomas (director). At the year end there are amounts included in other creditors of £5,724 (2022 - £5,458) in connection with these transactions.