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Company Registration No. 03206066 (England and Wales)
Acorn Development Limited Unaudited accounts for the year ended 31 August 2024
Acorn Development Limited Unaudited accounts Contents
Page
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Acorn Development Limited Company Information for the year ended 31 August 2024
Directors
Rinaldo Fasulo Nicolino Nino Pucacco Jane Pucacco
Company Number
03206066 (England and Wales)
Registered Office
32 Thorpe Wood Thorpe Wood Business Park Peterborough Cambs PE3 6SR United Kingdom
Accountants
P&A Accountancy Services LLP 32 Thorpe Wood Thorpe Wood Business Park Peterborough County (optional) PE3 6SR
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Acorn Development Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
223,842 
333,847 
Current assets
Debtors
98,125 
(2,082)
Cash at bank and in hand
8,988 
215,427 
107,113 
213,345 
Creditors: amounts falling due within one year
(20,802)
(17,107)
Net current assets
86,311 
196,238 
Net assets
310,153 
530,085 
Capital and reserves
Called up share capital
50 
50 
Revaluation reserve
100,000 
210,005 
Profit and loss account
210,103 
320,030 
Shareholders' funds
310,153 
530,085 
For the 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. 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by
Rinaldo Fasulo Director Company Registration No. 03206066
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Acorn Development Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Acorn Development Limited is a private company, limited by shares, registered in England and Wales, registration number 03206066. The registered office is 32 Thorpe Wood, Thorpe Wood Business Park , Peterborough, Cambs, PE3 6SR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 September 2023
333,847 
Net loss from fair value adjustments
(110,005)
At 31 August 2024
223,842 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
568 
Trade debtors
(1,875)
(2,650)
Amounts due from group undertakings etc.
100,000 
- 
98,125 
(2,082)
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Acorn Development Limited Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
888 
- 
Trade creditors
891 
551 
Taxes and social security
3,301 
1,608 
Loans from directors
1,872 
1,248 
Accruals
13,850 
13,700 
20,802 
17,107 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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