ACORN1LET LIMITED

Company Registration Number:
13358871 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

ACORN1LET LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

ACORN1LET LIMITED

Company Information

for the Period Ended 30 April 2024




Director: S Williams
S Misson-Williams
Registered office: 17
Clovelly Road
Emsworth
England
PO10 7HL
Company Registration Number: 13358871 (England and Wales)

ACORN1LET LIMITED

Balance sheet

As at 30 April 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 497,490 497,490
Total fixed assets: 497,490 497,490
Current assets
Cash at bank and in hand: 1,137 6,620
Total current assets: 1,137 6,620
Creditors: amounts falling due within one year: 5 ( 8,351 ) ( 4,719 )
Net current assets (liabilities): ( 7,214 ) 1,901
Total assets less current liabilities: 490,276 499,391
Creditors: amounts falling due after more than one year: 6 ( 481,593 ) ( 490,629 )
Total net assets (liabilities): 8,683 8,762

The notes form part of these financial statements

ACORN1LET LIMITED

Balance sheet continued

As at 30 April 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 8,681 8,760
Shareholders funds: 8,683 8,762

For the year ending 30 April 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 12 October 2024
And Signed On Behalf Of The Board By:

Name: S Williams
Status: Director

The notes form part of these financial statements

ACORN1LET LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

    Freehold buildings - 0% per annum

    The directors are of the opinion that the value of the property is in excess of cost and therefore no depreciation has been provided for on this fixed asset.

ACORN1LET LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

ACORN1LET LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 3. Off balance sheet disclosure

    No

ACORN1LET LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Tangible assets

Land & buildings Total
Cost £ £
At 01 May 2023 497,490 497,490
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 30 April 2024 497,490 497,490
Depreciation
At 01 May 2023 - -
Charge for year - -
On disposals - -
Other adjustments - -
At 30 April 2024 - -
Net book value
At 30 April 2024 497,490 497,490
At 30 April 2023 497,490 497,490

ACORN1LET LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 7,200 1,800
Taxation and social security 451 1,706
Other creditors 700 1,213
Total 8,351 4,719

ACORN1LET LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

6.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 131,390 137,095
Other creditors 350,203 353,534
Total 481,593 490,629

The Loan is secured on the Freehold Property