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REGISTERED NUMBER: 14414394 (England and Wales)

Financial Statements for the Year Ended 30 September 2024

for

Acorn Portfolio Investments Limited

| Acorn Portfolio Investments Limited (Registered number: 14414394) |

Contents of the Financial Statements

for the Year Ended 30 September 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Acorn Portfolio Investments Limited |

Company Information

for the Year Ended 30 September 2024

| DIRECTORS: | M J Omirou

| R E Summerskill

| REGISTERED OFFICE: | 29 York Street

| London

| United Kingdom

| W1H 1EZ

| REGISTERED NUMBER: | 14414394 (England and Wales)

| Acorn Portfolio Investments Limited (Registered number: 14414394) |

Balance Sheet

30 September 2024

| 2024 |  | 2023

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 4 | 16,597,347 |  | 8,412,580 |  |

Cash at bank | 44,212 |  | - |  |

16,641,559 |  | 8,412,580 |  |

CREDITORS

Amounts falling due within one year | 5 | 3,210,399 |  | 149,944 |  |

NET CURRENT ASSETS | 13,431,160 |  | 8,262,636 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 13,431,160 |  | 8,262,636 |  |

CREDITORS

Amounts falling due after more than one year | 6 | 14,763,200 |  | 8,248,992 |  |

NET (LIABILITIES)/ASSETS | (1,332,040 | ) | 13,644 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (1,332,140 | ) | 13,544 |  |

(1,332,040 | ) | 13,644 |  |

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 Board of Directors and authorised for issue on 9 February 2026 and were signed on its behalf by:

M J Omirou - Director

| Acorn Portfolio Investments Limited (Registered number: 14414394) |

Notes to the Financial Statements

for the Year Ended 30 September 2024

1. | STATUTORY INFORMATION

| Acorn Portfolio Investments 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| 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.

| Going concern

| At 30 September 2024 the company had net liabilities of £1,332,040. The company's main creditor is a company controlled by the directors. The directors of the main creditor have confirmed it is their current intention to support the company through loans for at least the next 12 months. The financial statements have therefore been prepared on a going concern basis.

| The company has made a net loss in the year and has net liabilities however group cashflows are being managed to ensure liabilities are being paid as they fall due for payment. The group is raising funding from external lenders and receiving repayments from related parties under common control and is satisfied that the related parties have unrealised profits on future development projects. The directors are satisfied that they have access to sufficient resources to enable the company and group to meet their financial obligations as they fall due for payment for a period of at least 12 months from the date of signing the financial statements. For these reasons, the directors have prepared the company’s financial statements on a going concern basis.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2023 - NIL).

| Acorn Portfolio Investments Limited (Registered number: 14414394) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2024

4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 160,245 |  | - |  |

| Amounts owed by group undertakings | 247,801 |  | 8,412,580 |  |

| Other debtors | 16,189,301 |  | - |  |

16,597,347 |  | 8,412,580 |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade creditors | 18,591 |  | 19,450 |  |

| Amounts owed to group undertakings | 33,917 |  | 50,000 |  |

| Other creditors | 3,157,891 |  | 80,494 |  |

3,210,399 |  | 149,944 |  |

6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Other creditors | 14,763,200 |  | 8,248,992 |  |

7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| As an income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

| We draw attention to note 2 in the financial statements, which indicates that the company is receiving repayments of debt from related parties under common control, while also raising further funding from external lenders. The ability of the company to continue as a going concern is dependent on the loan repayments and raising of new debt. 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.

| Andrew Botham (Senior Statutory Auditor)

| for and on behalf of Botham Accounting Limited

| Acorn Portfolio Investments Limited (Registered number: 14414394) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2024

8. | ULTIMATE CONTROLLING PARTY

| The immediate controlling party is Acorn Green Group Limited, a company registered in England and Wales.

| The ownership of Acorn Green Group was transferred from RST Group Holdings Limited to a Melanie Omirou acting on behalf of RST Highgate Investment Trust effective 1 October 2023.

| Subsequently, control was transferred mid-year to Romy Summerskill, who also acts as a trustee

| of the same trust, effective 21 March 2024.

| As a result, the ultimate controlling party is now RST Highgate Investment Trust.