REGISTERED NUMBER: SC096728 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

ACORN PROPERTY GROUP LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss E Thomson

REGISTERED OFFICE:

6th Floor, Gordon Chambers

90 Mitchell Street

Glasgow

G1 3NQ

REGISTERED NUMBER:

SC096728 (Scotland)

ACCOUNTANTS:

BK Plus Ltd

6th Floor

Gordon Chambers

90 Mitchell Street

Glasgow

Lanarkshire

G1 3NQ

FIXED ASSETS

Tangible assets

4

54,703

145,614

Investment property

5

300,000

300,000

354,703

445,614

CURRENT ASSETS

Stocks

145,258

70,862

Debtors

6

328,555

212,551

Investments

7

10,000

10,012

Cash at bank

24,444

4,808

508,257

298,233

CREDITORS

Amounts falling due within one year

8

482,160

216,340

NET CURRENT ASSETS

26,097

81,893

TOTAL ASSETS LESS CURRENT LIABILITIES

380,800

527,507

CREDITORS

Amounts falling due after more than one year

9

70,293

158,337

NET ASSETS

310,507

369,170

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

300,507

359,170

SHAREHOLDERS' FUNDS

310,507

369,170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2025 and were signed by:

W Thomson - Director

1.	STATUTORY INFORMATION

Acorn Property Group Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on a reducing balance basis, 25% on a straight line basis and 15% on a reducing balance basis

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. For work in progress, cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investments

Fixed asset investments are stated at cost less any amounts written off for permanent diminution in value.

The company's subsidiaries have not been consolidated. Group accounts have not been prepared and these financial statements present information about the company as an individual undertaking. Group accounts are not required because of the disclosure exemptions available under Section 248 of the Companies Act 2007 for small and medium-sized groups.

Leasing

Assets held under finance leases or hire purchase contracts are included under tangible fixed assets in the balance sheet and depreciated over their useful economic lives. The capital element of the future payments is treated as a liability and the interest element charged to the profit and loss account.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the agreement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

285,616

Disposals

(102,709

)

At 31 December 2024

182,907

DEPRECIATION

At 1 January 2024

140,002

Charge for year

36,131

Eliminated on disposal

(47,929

)

At 31 December 2024

128,204

NET BOOK VALUE

At 31 December 2024

54,703

At 31 December 2023

145,614

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

300,000

NET BOOK VALUE

At 31 December 2024

300,000

At 31 December 2023

300,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2022

(280,425

)

Cost

580,425

300,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

414

Amounts owed by group undertakings

110,071

-

Other debtors

218,484

212,137

328,555

212,551

7.	CURRENT ASSET INVESTMENTS

2024

2023

£

£

Shares in group undertakings

10,000

10,012

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

15,389

26,603

Trade creditors

23,735

16,473

Amounts owed to group undertakings

-

22,290

Taxation and social security

-

1,298

Other creditors

433,036

139,676

482,160

216,340

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,167

14,167

Hire purchase contracts

66,126

144,170

70,293

158,337