Company registration number 10947572 (England and Wales)
ACORN HOLDCO 2 LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
ACORN HOLDCO 2 LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ACORN HOLDCO 2 LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
4
2,148,390
Capital and reserves
Called up share capital
5
2,148,390
2,148,390
Profit and loss reserves
(2,148,390)
Total equity
2,148,390
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 29 January 2025 and are signed on its behalf by:
M Groarke
Director
Company Registration No. 10947572
ACORN HOLDCO 2 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information
Acorn Holdco 2 Limited is a private company limited by shares incorporated in England and Wales. The registered office is C/O Does Liverpool The Tapestry, 68-76 Kempston Street, Liverpool, United Kingdom, L3 8HL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
1.2
Going concern
Post year end, the directors took the decision to wind down the company and therefore the financial statements have been prepared on a basis other than going concern.
Given the lack of trading during the year and the simplistic nature of the balances held at the current and prior year end (i.e. basic monetary assets and liabilities), no adjustments have been needed to reflect the current value of assets and liabilities, however the investment held in subsidiaries has been fully written down.
1.3
Fixed asset investments
Interests in subsidiaries are measured at cost.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.4
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
3
ACORN HOLDCO 2 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
3
Dividends
2024
2023
£
£
Final paid
250,000
At the time the dividend was declared in Acorn Holdco 2 Limited, there were sufficient reserves to cover the dividend. The dividends were declared prior to the impairment of the investment held by Acorn Holdco 2 Limited.
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
2,148,390
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 May 2023 & 30 April 2024
2,148,390
Impairment
At 1 May 2023
-
Impairment losses
2,148,390
At 30 April 2024
2,148,390
Carrying amount
At 30 April 2024
-
At 30 April 2023
2,148,390
During the year, the directors have taken the decision to fully impair the investment held in WABGS Limited.
ACORN HOLDCO 2 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2,148,390
2,148,390
2,148,390
2,148,390
6
Events after the reporting date
After the year end, the directors have taken the decision to wind down Acorn Holdco 2 Limited and other group entities in the near future.
7
Controlling party
In the opinion of the directors there was no individual controlling party in the year.