Acorah Software Products - Accounts Production 16.4.675 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 12282248 Mrs Sandra Dew Mr Christopher Dew Mr Simon Dew Mr Robert Cleaver Mr Neil Railton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12282248 2023-10-31 12282248 2024-10-31 12282248 2023-11-01 2024-10-31 12282248 frs-core:CurrentFinancialInstruments 2024-10-31 12282248 frs-core:Non-currentFinancialInstruments 2024-10-31 12282248 frs-core:ShareCapital 2024-10-31 12282248 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 12282248 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12282248 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 12282248 frs-bus:SmallEntities 2023-11-01 2024-10-31 12282248 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12282248 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12282248 frs-bus:OrdinaryShareClass1 2023-11-01 2024-10-31 12282248 frs-bus:OrdinaryShareClass1 2024-10-31 12282248 frs-bus:Director1 2023-11-01 2024-10-31 12282248 frs-bus:Director2 2023-11-01 2024-10-31 12282248 frs-bus:Director3 2023-11-01 2024-10-31 12282248 frs-bus:Director4 2023-11-01 2024-10-31 12282248 frs-bus:Director5 2023-11-01 2024-10-31 12282248 frs-countries:EnglandWales 2023-11-01 2024-10-31 12282248 2022-10-31 12282248 2023-10-31 12282248 2022-11-01 2023-10-31 12282248 frs-core:CurrentFinancialInstruments 2023-10-31 12282248 frs-core:Non-currentFinancialInstruments 2023-10-31 12282248 frs-core:ShareCapital 2023-10-31 12282248 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12282248 frs-bus:OrdinaryShareClass1 2022-11-01 2023-10-31
Registered number: 12282248
Acorns Developments Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Kent Coast Accounts Ltd
AAT Licenced Accountants
Marlowe Innovation Centre
Marlowe Way
Ramsgate
Kent
CT12 6FA
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 12282248
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 1,028,164 994,537
Debtors 5 1,029 1,225
Cash at bank and in hand 93,359 21,506
1,122,552 1,017,268
Creditors: Amounts Falling Due Within One Year 6 (13,905 ) (4,681 )
NET CURRENT ASSETS (LIABILITIES) 1,108,647 1,012,587
TOTAL ASSETS LESS CURRENT LIABILITIES 1,108,647 1,012,587
Creditors: Amounts Falling Due After More Than One Year 7 (826,000 ) (744,000 )
NET ASSETS 282,647 268,587
CAPITAL AND RESERVES
Called up share capital 8 5,000 5,000
Profit and Loss Account 277,647 263,587
SHAREHOLDERS' FUNDS 282,647 268,587
For the year ending 31 October 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 11 June 2025 and were signed on its behalf by:
Mr Christopher Dew
Director
11th June 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Acorns Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12282248 . The registered office is Unit 5, The Boulevard, Altira Business Park, Herne Bay, Kent, CT6 6GZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
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.


2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
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 development of residential properties.

a) Development of residential properties
Sales of investment properties, land and property developments are recognised in respect of contracts exchanged during the year, provided that no material conditions remain outstanding at the balance sheet date, and all conditions are fully satisfied by the date on which the accounts are signed. Full provision is made for all known or expected losses on completing a development once such losses are foreseen.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
Page 2
Page 3
4. Stocks
2024 2023
£ £
Stock 1,028,164 994,537
Land and property developments are recorded at the lower of cost or net realisable value. The Company capitalises interest on specific finance raised once development commences and until practical completion, based on the total actual finance cost incurred on the borrowings during the year.
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,029 557
Other debtors - 54
VAT - 614
1,029 1,225
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 125 1
Corporation tax 3,794 3,428
VAT 9,354 -
Other creditors - 800
Accruals and deferred income 632 452
13,905 4,681
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 826,000 744,000
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
5,000 Ordinary Shares of £ 1.000 each 5,000 5,000
Page 3
Page 4
9. Related Party Transactions
Related Party Transactions
At the year end, the Company had the following balances with related parties:
A balance of £100,000 (2023: £60,000) was owed to Blink Architecture Ltd (Loan), a company under common control. This loan is interest-bearing at a fixed rate of 8% per annum, is unsecured, and has no set repayment terms.
A balance of £50,000 (2023: £50,000) was owed to Christine Field, a close family member of a director/shareholder. This loan is interest-bearing at a fixed rate of 8% per annum, is unsecured, and has no set repayment terms.
A balance of £89,079 (2023: £89,079) was owed to Blink Architecture Ltd (Investment), a company under common control. This amount represents an interest-free capital contribution, which is unsecured and has no fixed repayment terms.
A balance of £116,759 (2023: £116,759) was owed to Robert Cleaver, a director and shareholder of the Company. This amount represents an interest-free capital contribution, which is unsecured and has no fixed repayment terms.
A balance of £167,000 (2023: £125,000) was owed to Robert Cleaver (Loan), a director and shareholder of the Company. This loan is interest-bearing at a fixed rate of 8% per annum, is unsecured, and has no set repayment terms.
A balance of £177,931 (2023: £177,931) was owed to SanRis Builders Ltd (Investment), an entity under common control. This amount represents an interest-free capital contribution, which is unsecured and has no fixed repayment terms.
A balance of £125,231 (2023: £125,231) was owed to SanRis Builders Ltd (Loan), a company under common control. This loan is interest-bearing at a fixed rate of 8% per annum, is unsecured, and has no set repayment terms.
All balances are unsecured, and no guarantees have been given or received in respect of these amounts.
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