Silverfin false false 31/08/2024 01/09/2023 31/08/2024 G E B Whiting 31/10/2005 S A Whiting 31/10/2005 10 February 2025 The principal activity of the Company during the financial year was that of an education establishment as inspired by the Rudolf Steiner system. 05541863 2024-08-31 05541863 bus:Director1 2024-08-31 05541863 bus:Director2 2024-08-31 05541863 2023-08-31 05541863 core:CurrentFinancialInstruments 2024-08-31 05541863 core:CurrentFinancialInstruments 2023-08-31 05541863 core:ShareCapital 2024-08-31 05541863 core:ShareCapital 2023-08-31 05541863 core:RetainedEarningsAccumulatedLosses 2024-08-31 05541863 core:RetainedEarningsAccumulatedLosses 2023-08-31 05541863 core:PlantMachinery 2023-08-31 05541863 core:Vehicles 2023-08-31 05541863 core:FurnitureFittings 2023-08-31 05541863 core:PlantMachinery 2024-08-31 05541863 core:Vehicles 2024-08-31 05541863 core:FurnitureFittings 2024-08-31 05541863 core:ImmediateParent core:CurrentFinancialInstruments 2024-08-31 05541863 core:ImmediateParent core:CurrentFinancialInstruments 2023-08-31 05541863 bus:OrdinaryShareClass1 2024-08-31 05541863 2023-09-01 2024-08-31 05541863 bus:FilletedAccounts 2023-09-01 2024-08-31 05541863 bus:SmallEntities 2023-09-01 2024-08-31 05541863 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 05541863 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05541863 bus:Director1 2023-09-01 2024-08-31 05541863 bus:Director2 2023-09-01 2024-08-31 05541863 core:PlantMachinery 2023-09-01 2024-08-31 05541863 core:Vehicles 2023-09-01 2024-08-31 05541863 core:FurnitureFittings 2023-09-01 2024-08-31 05541863 2022-09-01 2023-08-31 05541863 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 05541863 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05541863 (England and Wales)

THE ACORN SCHOOL LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

THE ACORN SCHOOL LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

THE ACORN SCHOOL LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 August 2024
THE ACORN SCHOOL LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 0 17,328
0 17,328
Current assets
Debtors 4 0 32,212
Cash at bank and in hand 28,389 47,447
28,389 79,659
Creditors: amounts falling due within one year 5 ( 27,179) ( 80,870)
Net current assets/(liabilities) 1,210 (1,211)
Total assets less current liabilities 1,210 16,117
Provision for liabilities 0 ( 1,642)
Net assets 1,210 14,475
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 1,110 14,375
Total shareholder's funds 1,210 14,475

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of The Acorn School Limited (registered number: 05541863) were approved and authorised for issue by the Board of Directors on 10 February 2025. They were signed on its behalf by:

S A Whiting
Director
THE ACORN SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
THE ACORN SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
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

The Acorn School 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 C/O Bishop Fleming Llp, 10 Temple Back, Bristol, BS1 6FL, 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 £.

Going concern

In 2023 the directors made the decision that the Company would cease trading and that the residual trading activities be transferred to certain fellow group companies. The transfer was finalised in January 2024. As a result the financial statements have been prepared on a basis other than the going concern basis of preparation. The directors have included in the financial statements any provision for future costs of terminating the business, which were committed to at the balance sheet date and where appropriate the Company's assets have been written down to their net realisable value.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 15 % reducing balance
Vehicles 15 % reducing balance
Fixtures and fittings 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 22 22

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £
Cost
At 01 September 2023 31,303 18,720 19,337 69,360
Additions 425 0 0 425
Disposals ( 31,728) ( 18,720) ( 19,337) ( 69,785)
At 31 August 2024 0 0 0 0
Accumulated depreciation
At 01 September 2023 21,523 17,666 12,843 52,032
Charge for the financial year 502 110 405 1,017
Disposals ( 22,025) ( 17,776) ( 13,248) ( 53,049)
At 31 August 2024 0 0 0 0
Net book value
At 31 August 2024 0 0 0 0
At 31 August 2023 9,780 1,054 6,494 17,328

4. Debtors

2024 2023
£ £
Trade debtors 0 15,088
Amounts owed by Parent undertakings 0 17,124
0 32,212

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 27,179 0
Amounts owed to directors 0 26,394
Accruals and deferred income 0 48,477
Other taxation and social security 0 4,865
Other creditors 0 1,134
27,179 80,870

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Related party transactions

At the year end the company owed the directors £Nil(2023: £26,394). A balance of £34,142 was transferred to The Acorn School Holdings Limited at the year end.