Registration number: 09147254

Acorn Properties (South West) Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 4

Acorn Properties (South West) Limited

Company Information

Directors

Mr R Bushnell Mr Lee Smithson

Registered office

67 Boutport Street Barnstaple Devon EX31 1HG

Accountants

Ward and Co Chartered Accountants West Penhill Farm Fremington Barnstaple Devon EX31 2NG

Acorn Properties (South West) Limited

(Registration number: 09147254)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Current assets
Stock	4	713,669	421,410
Debtors	5	1,628	138
Cash at bank and in hand		15,985	4,655
		731,282	426,203
Creditors: Amounts falling due within one year	6	(760)	(963)
Total assets less current liabilities		730,522	425,240
Creditors: Amounts falling due after more than one year	6	(622,000)	(310,000)
Net assets		108,522	115,240
Capital and reserves
Called up share capital	7	8	8
Capital redemption reserve		5	5
Retained earnings		108,509	115,227
Shareholders' funds		108,522	115,240

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 November 2025 and signed on its behalf by:
 

......................................... Mr R Bushnell Director

......................................... Mr Lee Smithson Director

Acorn Properties (South West) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
67 Boutport Street
Barnstaple
Devon
EX31 1HG

These financial statements were authorised for issue by the Board on 18 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Depreciation

Asset class	Depreciation method and rate
Plant and Machinery	25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stock

Stock are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stock are assessed for impairment. If stock are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Acorn Properties (South West) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4

Stock

	2025 £	2024 £
Other inventories	713,669	421,410

5

Debtors

Current	2025 £	2024 £
Other debtors	1,628	138
	1,628	138

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	-	56
Accruals and deferred income	760	906
Other creditors	-	1
	760	963

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Other financial liabilities	622,000	310,000

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £1 each	8	8	8	8