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Company Registration No. 5034342 (England and Wales)
Acornwalk Limited Unaudited accounts for the year ended 28 February 2025
Acornwalk Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Acornwalk Limited Company Information for the year ended 28 February 2025
Director
Mrs.Geraldine Smith
Company Number
5034342 (England and Wales)
Registered Office
3 Hampstead West 224 Iverson Road London NW6 2HX
Accountants
'Evolve Accounting and Tax Solutions Ltd' Congress House 14 Lyon Road Harrow Middlesex HA1 2EN
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Acornwalk Limited Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
904
1,206
Investment property
5
4,910,000
5,285,000
4,910,904
5,286,206
Current assets
Debtors
6
136,871
158,809
Cash at bank and in hand
32,779
43,504
169,650
202,313
Creditors: amounts falling due within one year
7
(32,158)
(56,913)
Net current assets
137,492
145,400
Total assets less current liabilities
5,048,396
5,431,606
Creditors: amounts falling due after more than one year
8
(1,825,560)
(1,830,525)
Provisions for liabilities
Deferred tax
(930,825)
(1,024,575)
Net assets
2,292,011
2,576,506
Capital and reserves
Called up share capital
102
102
Profit and loss account
2,291,909
2,576,404
Shareholders' funds
2,292,011
2,576,506
For the year ending 28 February 2025 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 February 2026 and were signed on its behalf by
Mrs.Geraldine Smith Director Company Registration No. 5034342
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Acornwalk Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Acornwalk Limited is a private company, limited by shares, registered in England and Wales, registration number 5034342. The registered office is 3 Hampstead West, 224 Iverson Road, London, NW6 2HX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in Â£ sterling.
Turnover
Turnover comprises rental income from the company's investment properties. The properties are residential and are therefore exempt from VAT.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Computer equipment
25% Reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Acornwalk Limited Notes to the Accounts for the year ended 28 February 2025
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 March 2024
1,100
7,368
8,468
At 28 February 2025
1,100
7,368
8,468
Depreciation
At 1 March 2024
922
6,340
7,262
Charge for the year
45
257
302
At 28 February 2025
967
6,597
7,564
Net book value
At 28 February 2025
133
771
904
At 29 February 2024
178
1,028
1,206
5
Investment property
2025
£
Fair value at 1 March 2024
5,285,000
Net loss from fair value adjustments
(375,000)
At 28 February 2025
4,910,000
The investment properties have been revalued by the director to reflect the market value as at the balance sheet date. The director has spent her professional career in residential real estate and is qualified by experience.
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
136,871
158,809
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
7,571
11,561
Taxes and social security
16,283
36,867
Loans from directors
704
1,225
Accruals
6,000
5,760
Deferred income
1,600
1,500
32,158
56,913
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
1,825,560
1,830,525
The mortgage loan balance of £1,825,560 is secured against several of the company's investment properties.
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Acornwalk Limited Notes to the Accounts for the year ended 28 February 2025
9
Transactions with related parties
The brought-forward balance included in other debtors of £9,385 due from the director’s son as at 2024 has been fully repaid during the current year. At the balance sheet date an interest free loan balance of £136,810 (2024: £157,850) to Focusdeal Investment Ltd a company with common directors.
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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