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Registered number: 03598103






Acornstone Limited


ACCOUNTS

FOR THE YEAR ENDED 31/12/2024
























Prepared By:
Telemark Management
Accountants and Secretaries
Cambio
15A The Mead
Ashtead
Surrey
KT21 2LZ


ACCOUNTS
FOR THE YEAR ENDED 31/12/2024





DIRECTORS
Morten Brinchmann



SECRETARY
Telemark Management Services Ltd


REGISTERED OFFICE
Cambio
15A The Mead
Ashtead
Surrey
KT21 2LZ


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03598103



ACCOUNTANTS
Telemark Management
Accountants and Secretaries
Cambio
15A The Mead
Ashtead
Surrey
KT21 2LZ


ACCOUNTS
FOR THEYEARENDED31/12/2024



CONTENTS



		Page

Directors' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/12/2024

			2024		2023
	Notes		£		£

FIXED ASSETS
Investment Assets	2		87,212		154,883

CURRENT ASSETS
Cash at bank and in hand		248,589		8,126
		248,589		8,126
CREDITORS: Amounts falling due within one year	3	16,803		-
NET CURRENT ASSETS			231,786		8,126
TOTAL ASSETS LESS CURRENT LIABILITIES			318,998		163,009


CREDITORS: Amounts falling due after more than one year	4		284,180		133,179

NET ASSETS			34,818		29,830

CAPITAL AND RESERVES

Called up share capital	6		100		100
Profit and loss account			34,718		29,730
SHAREHOLDERS' FUNDS			34,818		29,830

For the year ending 31/12/2024 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 29/09/2025 and signed on their behalf by



.............................
Morten Brinchmann
Director




2. FINANCIAL ASSETS

	Other
	Investments	Total
	£	£
Cost
At 01/01/2024	154,883	154,883
Disposals	(67,671)	(67,671)
At 31/12/2024	87,212	87,212
Amortisation
Net Book Amounts
At 31/12/2024	87,212	87,212
At 31/12/2023	154,883	154,883
The investments refer to two minority shareholdings (less than 20%) in two Latvian companies. One of tese kompanies, Sia Noord Natie Ventspils Terminals, has underperformed disappointingly, and the decission was made to Liquidate the company. The Liquidation Quota was paid to the Company just before the end of the year, This liquidation Quota will be distributed during the succeeding year.
After the Liquidation the company holds shares in only one company, Sia Ventplac.




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.




1c. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.




3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2024	2023
	£	£
Accruals	16,803	-
	16,803	-

The accruals refers to payments relevant to the Liquidation Quota, and were all paid out during 2025.




4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2024	2023
	£	£
Loans >1yr	153,800	132,946
Loans >1yr	100	60
Loans Telemark >1yr	173	173
Other creditors > 1yr	130,107	-
	284,180	133,179

In connection with Liquidation of the Latvian company SNNVT, the Company received a Liquidation Quota which included a quota for shares pledged to another company, Electrotech (Europe) Ltd, according to an agreement of 2012. The sum (€ 161,606) recorded in GBP 130,107, is expected to be paid to the creditor during the next year, but may take longer. The Loan to the shareholder, Mr. Toze, is hold in Euros, and the GBP value varies with the exchange rate.




5. EMPLOYEES

	2024	2023
	No.	No.
Average number of employees	-	-
The Company employed no employees during the year under review and the previous year.




6. SHARE CAPITAL	2024	2023
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1.00 each	100	100
	100	100