Silverfin false false 30/11/2023 01/12/2022 30/11/2023 M Thomas 23/08/2019 29 August 2024 The principal activity of the Company during the financial year was investment in property. 12171147 2023-11-30 12171147 bus:Director1 2023-11-30 12171147 core:CurrentFinancialInstruments 2023-11-30 12171147 core:CurrentFinancialInstruments 2022-11-30 12171147 2022-11-30 12171147 core:ShareCapital 2023-11-30 12171147 core:ShareCapital 2022-11-30 12171147 core:RetainedEarningsAccumulatedLosses 2023-11-30 12171147 core:RetainedEarningsAccumulatedLosses 2022-11-30 12171147 2022-12-01 2023-11-30 12171147 bus:FilletedAccounts 2022-12-01 2023-11-30 12171147 bus:SmallEntities 2022-12-01 2023-11-30 12171147 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 12171147 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12171147 bus:Director1 2022-12-01 2023-11-30 12171147 2021-12-01 2022-11-30 iso4217:GBP xbrli:pure

Company No: 12171147 (England and Wales)

ACORN DEVELOPMENTS 3 (SW) LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2023
Pages for filing with the registrar

ACORN DEVELOPMENTS 3 (SW) LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

ACORN DEVELOPMENTS 3 (SW) LIMITED

BALANCE SHEET

As at 30 November 2023
ACORN DEVELOPMENTS 3 (SW) LIMITED

BALANCE SHEET (continued)

As at 30 November 2023
2023 2022
£ £
Current assets
Debtors 3 10,423 10,423
10,423 10,423
Creditors: amounts falling due within one year 4 ( 6,804) ( 6,538)
Net current assets 3,619 3,885
Total assets less current liabilities 3,619 3,885
Net assets 3,619 3,885
Capital and reserves
Called-up share capital 1 1
Profit and loss account 3,618 3,884
Total shareholder's funds 3,619 3,885

For the financial year ending 30 November 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Acorn Developments 3 (SW) Limited (registered number: 12171147) were approved and authorised for issue by the Director on 29 August 2024. They were signed on its behalf by:

M Thomas
Director
ACORN DEVELOPMENTS 3 (SW) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
ACORN DEVELOPMENTS 3 (SW) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
1. Accounting policies

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.

General information and basis of accounting

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 £.

Borrowing costs

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 9,343 9,343
Other debtors 1,080 1,080
10,423 10,423

4. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 1,080 1,080
Other creditors 5,724 5,458
6,804 6,538

5. Related party transactions

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.