OLD ACORNS LIMITED

Company Registration Number:
10770330 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2025

Period of accounts

Start date: 01 April 2024

End date: 31 March 2025

OLD ACORNS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Notes

OLD ACORNS LIMITED

Balance sheet

As at 31 March 2025


Notes
2025
2024


£
£
Fixed assets
Investments: 3 3,981,948 3,720,794
Total fixed assets: 3,981,948 3,720,794
Current assets
Debtors:   1,558 1,558
Cash at bank and in hand: 4,893 5,698
Total current assets: 6,451 7,256
Creditors: amounts falling due within one year: 4 (12,481) (13,940)
Net current assets (liabilities): (6,030) (6,684)
Total assets less current liabilities: 3,975,918 3,714,110
Creditors: amounts falling due after more than one year: 5 (4,069,032) (3,779,981)
Total net assets (liabilities): (93,114) (65,871)
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (93,116) (65,873)
Shareholders funds: (93,114) (65,871)

The notes form part of these financial statements

OLD ACORNS LIMITED

Balance sheet statements

For the year ending 31 March 2025 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 December 2025
and signed on behalf of the board by:

Name: Manoj Varu
Status: Director

The notes form part of these financial statements

OLD ACORNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue recognition Turnover is the amount derived from ordinary activities and is comprised of rental income on the investment properties. Turnover is measured at the fair value of the consideration received or receivable and is stated net of VAT. Revenue from rentals is recognised in the period to which the rentals received relates to.

Other accounting policies

Basis of accounting The financial statements are prepared in sterling and have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. These financial statements have been prepared in compliance with FRS 102 Section 1A – The Financial Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets are reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Investment properties Investment properties are initially recognised at cost and then measured at fair value with any revaluation increase or decrease recognised in profit or loss.

OLD ACORNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

2. Employees

2025 2024
Average number of employees during the period 2 2

OLD ACORNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Fixed investments

Investment properties Investment properties are initially recognised at cost and then measured at fair value with any revaluation increase or decrease recognised in profit or loss.

OLD ACORNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Creditors: amounts falling due within one year note

Accruals and deferred income: £10,923 (2025) £12,382 (2024) Other creditors: £1,558 (2025) £1,558 (2024) Total: £12,481 (2025) £13,940 (2024)

OLD ACORNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Creditors: amounts falling due after more than one year note

Mortgages: £2,691,979 (2025) £2,491,529 (2024) Loans: £1,377,053 (2025) £1,288,452 (2024) Total: £4,069,032 (2025) £3,779,981 (2024)

OLD ACORNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

6. Related party transactions

Related party transactions During the year, the company received loans amounting to £88,601 from members of key management personnel. The loans are not repayable within five years and are presented within creditors: amounts falling due after more than one year. The rate of interest charged is 0%.