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COMPANY REGISTRATION NUMBER: 13492864
AHCS SOUTH WALES LIMITED
FILLETED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 September 2024
AHCS SOUTH WALES LIMITED
STATEMENT OF FINANCIAL POSITION
30 September 2024
2024
2023
Note
£
£
Current assets
Debtors
4
714,461
534,957
Cash at bank and in hand
204
375
----------
----------
714,665
535,332
Creditors: amounts falling due within one year
5
( 663,242)
( 484,740)
----------
----------
Net current assets
51,423
50,592
---------
---------
Total assets less current liabilities
51,423
50,592
---------
---------
Net assets
51,423
50,592
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
51,323
50,492
---------
---------
Shareholder funds
51,423
50,592
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 24 December 2025 , and are signed on behalf of the board by:
J Skok
Director
Company registration number: 13492864
AHCS SOUTH WALES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 York Street, London, W1H 1EZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared in sterling on the historical cost basis. There are no comparative figures as this is the first year of trading.
Going concern
The company is part of the Acorn Property Group and the ultimate parent company is Acorn PG Holdings Limited. The group has made a loss and has net liabilities however has unrealised profits on future development projects and is managing group cashflows to ensure liabilities are being paid as they fall due for payment. The group is receiving financial support from related companies to provide it with adequate working capital for a period of at least 12 months from the date of signing the financial statements and the ultimate parent company has provided group support. For these reasons, the directors have prepared the company's financial statements on a going concern basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. The key judgements and sources of estimation uncertainty that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as disclosed in the financial statements.
Revenue recognition
Turnover is recognised as the fair value of construction received or receivable from project management services. Turnover is recognised when the services are performed.
Exceptional items
Exceptional items are disclosed separately in the financial statements in order to provide further understanding of the financial performance of the entity. They are material items of income or expense that have been shown separately because of their nature or amount.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Debtors
2024
2023
£
£
Trade debtors
2,819
–
Amounts owed by group undertakings and undertakings in which the company has a participating interest
654,083
447,114
Other debtors
57,559
87,843
----------
----------
714,461
534,957
----------
----------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
542,076
259,879
Amounts owed to group undertakings
71,252
163,332
Accruals and deferred income
22,638
61,529
Social security and other taxes
27,276
–
----------
----------
663,242
484,740
----------
----------
6. Contingencies
The company is part of a VAT group with other group companies and as such has a contingent liability in respect of any outstanding VAT.
7. Summary audit opinion
The auditor's report dated 24 December 2025 was unqualified , however, the auditor drew attention to the following by way of emphasis.
We draw attention to note 3 in the financial statements, which indicates that the company is reliant on support from the ultimate parent undertaking, Acorn PG Holdings Limited. We note the group is receiving financial support from related companies. The ability of the company to continue as a going concern is dependent on continuing financial support by the ultimate parent undertaking, which in turn is dependent on the continuing financial support of these related companies. These conditions, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
The senior statutory auditor was Jonathan Day , for and on behalf of Streets Audit LLP .
8. Related party transactions
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. A related party holds a debenture over the assets of the company.
9. Controlling party
A. H. Construction Solutions Group Limited is the immediate parent company. Acorn PG Holdings Limited is the ultimate parent company. The registered office of the companies is 29 York Street, London, England, W1H 1EZ. Copies of the financial statements for the parent company and group can be obtained from Companies House.