2023-01-012023-12-312023-12-31false04633331ACUMEN INVESTMENT MANAGEMENT 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ACUMEN INVESTMENT MANAGEMENT LIMITED

Registered Number
04633331
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

ACUMEN INVESTMENT MANAGEMENT LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

Mr R Tandon

Registered Address

25 Ringford Road
London
SW18 1RP

Registered Number

04633331 (England and Wales)
ACUMEN INVESTMENT MANAGEMENT LIMITED
Statement of Financial Position
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets31,448,3591,354,002
1,448,3591,354,002
Current assets
Debtors52,2322,597
Cash at bank and on hand64,87320,882
67,10523,479
Creditors amounts falling due within one year6(766,141)(711,406)
Net current assets (liabilities)(699,036)(687,927)
Total assets less current liabilities749,323666,075
Creditors amounts falling due after one year7(237,261)(240,681)
Provisions for liabilities(113,155)(95,227)
Net assets398,907330,167
Capital and reserves
Called up share capital11
Revaluation reserve302,050207,450
Profit and loss account96,856122,716
Shareholders' funds398,907330,167
The financial statements were approved and authorised for issue by the Director on 9 September 2024, and are signed on its behalf by:
Mr R Tandon
Director
Registered Company No. 04633331
ACUMEN INVESTMENT MANAGEMENT LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover relates to rental income generated from investment properties owned.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 231,357,358
Additions94,600
At 31 December 231,451,958
Depreciation and impairment
At 01 January 233,356
Charge for year243
At 31 December 233,599
Net book value
At 31 December 231,448,359
At 31 December 221,354,002
4.Revaluation of property, plant and equipment

2023

2022

££
Property, plant and equipment / tangible fixed assets94,600-
5.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables2,232-
Other debtors-2,597
Total2,2322,597
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables265-
Taxation and social security9,9252,361
Other creditors755,951709,045
Total766,141711,406
7.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts237,261240,681
Total237,261240,681
8.Related party transactions
Included in other creditors is a balance owed to Mr Tandon of £755,952 (2022 - £707,807). This money has been lent to the company to help finance the running and expansion of the business. Mr Tandon is the sole director and shareholder of this company.