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Company No: 03821373 (England and Wales)

ACORN CAPITAL PARTNERS LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

ACORN CAPITAL PARTNERS LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

ACORN CAPITAL PARTNERS LIMITED

BALANCE SHEET

As at 30 June 2024
ACORN CAPITAL PARTNERS LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 32,023 0
32,023 0
Current assets
Debtors 4 64,610 5,851
Cash at bank and in hand 33,217 60,221
97,827 66,072
Creditors: amounts falling due within one year 5 ( 89,470) ( 54,621)
Net current assets 8,357 11,451
Total assets less current liabilities 40,380 11,451
Creditors: amounts falling due after more than one year 6 ( 29,864) 0
Net assets 10,516 11,451
Capital and reserves
Called-up share capital 10,000 10,000
Profit and loss account 516 1,451
Total shareholder's funds 10,516 11,451

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Acorn Capital Partners Limited (registered number: 03821373) were approved and authorised for issue by the Director on 24 March 2025. They were signed on its behalf by:

G Norfolk
Director
ACORN CAPITAL PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
ACORN CAPITAL PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 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

Acorn Capital Partners 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 Fawside Farm, Longnor, Buxton, Derbyshire, SK17 0RA.

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 following principal accounting policies have been applied:

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Employee benefits

Defined contribution schemes
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Taxation

Current tax
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 4 years straight line
Office equipment 5 years straight line

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Vehicles Office equipment Total
£ £ £
Cost
At 01 July 2023 27,951 4,698 32,649
Additions 36,598 0 36,598
At 30 June 2024 64,549 4,698 69,247
Accumulated depreciation
At 01 July 2023 27,951 4,698 32,649
Charge for the financial year 4,575 0 4,575
At 30 June 2024 32,526 4,698 37,224
Net book value
At 30 June 2024 32,023 0 32,023
At 30 June 2023 0 0 0

4. Debtors

2024 2023
£ £
Trade debtors 57,439 0
Amounts owed by director 3,256 0
Prepayments 737 702
Other debtors 3,178 5,149
64,610 5,851

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 15,276 4,448
Accruals 2,133 2,135
Taxation and social security 68,987 47,962
Obligations under finance leases and hire purchase contracts 3,074 0
Other creditors 0 76
89,470 54,621

Net obligations under finance leases and hire purchase contracts are secured by fixed charges on the assets concerned.

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

2024 2023
£ £
Obligations under finance leases and hire purchase contracts 29,864 0

Net obligations under finance leases and hire purchase contracts are secured by fixed charges on the assets concerned.