REGISTERED NUMBER: 03397032 (England and Wales)

ACORN HOMES (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M A Blesky

REGISTERED OFFICE:

Unit 73 and 74

Maple Leaf Business Park

Manston

Ramsgate

Kent

CT12 5GD

REGISTERED NUMBER:

03397032 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

Chartered Certified Accountants

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

729,811

816,636

729,811

816,636

CURRENT ASSETS

Debtors

6

2,399,332

2,484,335

Cash at bank and in hand

893,301

1,112,619

3,292,633

3,596,954

CREDITORS

Amounts falling due within one year

7

(1,384,895

)

(1,458,532

)

NET CURRENT ASSETS

1,907,738

2,138,422

TOTAL ASSETS LESS CURRENT LIABILITIES

2,637,549

2,955,058

CREDITORS

Amounts falling due after more than one year

8

(15,579

)

(26,819

)

PROVISIONS FOR LIABILITIES

(32,178

)

(52,999

)

NET ASSETS

2,589,792

2,875,240

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

2,588,792

2,874,240

SHAREHOLDERS' FUNDS

2,589,792

2,875,240

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 18 November 2025 and were signed by:

Mr M Bennett - Director

1.	STATUTORY INFORMATION

Acorn Homes (UK) Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover

Turnover represents the amounts receivable for supplies of services including value added tax.

Goodwill

Goodwill arising on the acquisition of subsidiary undertakings and businesses, representing any excess of the fair value of the consideration given over the identifiable assets and liabilities acquired is capitalised and written off over its useful economic life, which is 5 years. Provision is made for any impairment.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Improvements to property

-

Straight line over the term of the lease

Fixture & Fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 162 (2024 - 162 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

23,267

AMORTISATION

At 1 April 2024

and 31 March 2025

23,267

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

to

Fixture &

Motor

Computer

property

Fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

453,255

149,187

625,833

59,285

1,287,560

Additions

7,360

4,974

20,250

4,168

36,752

Disposals

-

-

(9,095

)

-

(9,095

)

At 31 March 2025

460,615

154,161

636,988

63,453

1,315,217

DEPRECIATION

At 1 April 2024

46,422

125,711

264,056

34,735

470,924

Charge for year

16,443

5,576

93,489

6,938

122,446

Eliminated on disposal

-

-

(7,964

)

-

(7,964

)

At 31 March 2025

62,865

131,287

349,581

41,673

585,406

NET BOOK VALUE

At 31 March 2025

397,750

22,874

287,407

21,780

729,811

At 31 March 2024

406,833

23,476

361,777

24,550

816,636

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

618,875

491,823

Sundry debtors

29,120

22,803

Acorn Homes (Kent) Limited

214,488

214,488

LSM (Kent) Limited

26,308

26,308

Lighthouse Capital Investments

1,411,502

1,639,002

Prepayments

99,039

89,911

2,399,332

2,484,335

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

13,886

27,153

Trade creditors

70,201

60,655

Corporation Tax

275,254

274,500

Social security and other taxes

136,510

208,826

Sundry creditors

74,912

87,521

Essence Media Limited

11,761

11,761

Deferred income

382,000

310,000

Accrued expenses

420,371

478,116

1,384,895

1,458,532

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

15,579

26,819

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.