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COMPANY REGISTRATION NUMBER: 06300917

RST HAMPSHIRE DEVELOPMENTS LIMITED

FILLETED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 September 2024

RST HAMPSHIRE DEVELOPMENTS LIMITED

STATEMENT OF FINANCIAL POSITION

30 September 2024

| 2024 | 2023
Note | £ | £

Fixed assets

Investments | 4 | 200 | 200

Current assets

Debtors | 5 | 300 | 300
Cash at bank and in hand | 233 | 1,207
| ---- | -------
| 533 | 1,507

Creditors: amounts falling due within one year | 6 | ( 1,308,191) | ( 1,298,094)
| ------------- | -------------
Net current liabilities | ( 1,307,658) | ( 1,296,587)
| ------------- | -------------
Total assets less current liabilities | ( 1,307,458) | ( 1,296,387)
| ------------- | -------------

Capital and reserves

Called up share capital | 100 | 100
Profit and loss account | ( 1,307,558) | ( 1,296,487)
| ------------- | -------------
Shareholder deficit | ( 1,307,458) | ( 1,296,387)
| ------------- | -------------

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:

M Omirou
Director

Company registration number: 06300917

RST HAMPSHIRE DEVELOPMENTS 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.
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.
Consolidation
The financial statements contain information about the entity as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken advantage of the exemption from preparing consolidated financial statements contained in Section 400 of the Companies Act 2006 on the basis that it and its subsidiary undertaking are included by a full consolidation in the consolidated financial statements of its ultimate parent company, Acorn PG Holdings Limited.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. The directors consider that there are no significant judgements or estimates in the preparation of these financial statements.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Investments in subsidiaries are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
Financial instruments
The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are measured at transaction price less any impairment unless the arrangement constitutes a financing transactions in which case the transaction is measured at the present value of the future receipts discounted at the prevailing market rate of interest. Loans are initially measured at fair value and are subsequently measured at amortised cost using the effective interest method less any impairment. Financial liabilities - trade creditors and other creditors are measured at their transaction price unless the arrangement constitutes a financing transaction in which case the transaction is measured at present value of future payments discounted at prevailing market rate of interest. Other financial liabilities are initially measured at fair value net of their transaction costs. They are subsequently measured at amortised cost using the effective interest method.
4. Investments

| Shares in group undertakings
| £
Cost |
At 1 October 2023 and 30 September 2024 | 200
| ----
Impairment |
At 1 October 2023 and 30 September 2024 | –
| ----

Carrying amount |
At 30 September 2024 | 200
| ----
At 30 September 2023 | 200
| ----

Subsidiaries, associates and other investments

| Class of share | Percentage of shares held
Subsidiary undertakings |  |
Heron House Bournemouth Limited | Ordinary | 100
Creek House Barton Limited | Ordinary | 100

5. Debtors

| 2024 | 2023
| £ | £
Other debtors | 300 | 300
| ---- | ----

6. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Trade creditors | 5,400 | –
Amounts owed to group undertakings | 1,302,604 | 1,298,094
Other creditors | 187 | –
| ------------- | -------------
| 1,308,191 | 1,298,094
| ------------- | -------------

Included within amounts due to group undertakings is £1,297,654 (2023: £1,292,794) which is secured against the assets of the company.
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.
9. Controlling party
RST Hampshire Limited is the immediate parent company. Acorn PG Holdings Limited is the ultimate parent company. The registered offices of the companies are Bridge House, 4 Borough High Street, London, England, SE1 9QR and 29 York Street, London, W1H 1EZ respectively. Copies of the financial statements for the parent company and group can be obtained from Companies House.