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Registration number: 08988399

ACORN COMMERCIAL ESTATES LIMITED
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

ACORN COMMERCIAL ESTATES LIMITED

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

ACORN COMMERCIAL ESTATES LIMITED

Company Information

Directors | Mr ADRIAN HOWARD LEVY Mr MARCUS SIMON COOPER

Company secretary | Mr BENJAMIN IAIN WEST

Registered office | 16 FINCHLEY ROAD LONDON NW8 6EB

ACORN COMMERCIAL ESTATES LIMITED

(Registration number: 08988399)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 5,269,937 | 8,573,366
Investments | 5 | 100 | 100
|  | 5,270,037 | 8,573,466
Current assets |  |  |
Debtors | 6 | 3,731,116 | 2,905,876
Cash at bank and in hand |  | 465,902 | 274,752
|  | 4,197,018 | 3,180,628
Creditors: Amounts falling due within one year | 7 | (858,112) | (812,372)
Net current assets |  | 3,338,906 | 2,368,256
Total assets less current liabilities |  | 8,608,943 | 10,941,722
Creditors: Amounts falling due after more than one year | 7 | (3,884,549) | (5,504,111)
Net assets |  | 4,724,394 | 5,437,611
Capital and reserves |  |  |
Called up share capital | 8 | 200 | 200
Retained earnings |  | 4,724,194 | 5,437,411
Shareholders' funds |  | 4,724,394 | 5,437,611

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

ACORN COMMERCIAL ESTATES LIMITED

(Registration number: 08988399)
Balance Sheet as at 31 March 2025

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 March 2026 and signed on its behalf by:

Mr MARCUS SIMON COOPER Director |  |

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

ACORN COMMERCIAL ESTATES LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
16 FINCHLEY ROAD
LONDON
NW8 6EB
England

These financial statements were authorised for issue by the Board on 13 March 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of property in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

ACORN COMMERCIAL ESTATES LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Investment property

In accordance with FRS 102 as applied for Smaller Entities by section 1A of the standard, investment properties are held under the revaluation model, whereby revaluations are undertaken regularly to ensure that the carrying amount does not materially differ from the fair value at the end of the period.
Any aggregate surplus or temporary deficit from the original cost is cumulated within equity in the revaluation reserve and also reflected in other comprehensive income. Any impairment in the value of an investment property from original cost is taken to the profit and loss account for the year.
On realisation any gain or loss is calculated by reference to the carrying value at the last balance sheet date and is included in the profit and loss account. Any balance in the revaluation reserve is transferred to the profit and loss account reserve.
No depreciation is provided in respect of freehold investment properties and leasehold investment properties with over 20 years unexpired. FRS 102 requires all properties to be depreciated however the residual value of such investment properties is considered not to be materially different from that of the carrying value and therefore depreciation is not required.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

ACORN COMMERCIAL ESTATES LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

ACORN COMMERCIAL ESTATES LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Tangible assets

| Investment property £ | Total £
Cost or valuation
At 1 April 2024 | 8,573,366 | 8,573,366
Disposals | (3,303,429) | (3,303,429)
At 31 March 2025 | 5,269,937 | 5,269,937
Depreciation
Carrying amount
At 31 March 2025 | 5,269,937 | 5,269,937
At 31 March 2024 | 8,573,366 | 8,573,366

Included within the net book value of Investment Property above is £5,269,937 (2024 - £8,573,366) in respect of freehold land and buildings.

5 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 100 | 100

Subsidiaries | £
Cost or valuation
At 1 April 2024 | 100
Provision
Carrying amount
At 31 March 2025 | 100
At 31 March 2024 | 100

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 39,607 | 32,307
Other debtors | 3,691,509 | 2,873,569
| 3,731,116 | 2,905,876

ACORN COMMERCIAL ESTATES LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 1,068 | 1,040
Trade creditors |  | (225) | 47,609
Taxation and social security |  | 256,080 | 162,187
Accruals and deferred income |  | 22,332 | 21,598
Other creditors |  | 578,857 | 579,938
|  | 858,112 | 812,372

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 3,884,549 | 5,504,111

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 200 | 200 | 200 | 200

9 | Loans and borrowings

| 2025 £ | 2024 £
Non-current loans and borrowings
Bank borrowings | 3,884,549 | 5,504,111

| 2025 £ | 2024 £
Current loans and borrowings
Bank overdrafts | 1,068 | 1,040

ACORN COMMERCIAL ESTATES LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

10 | Related party transactions

Transactions with directors

2025 | At 1 April 2024 £ | At 31 March 2025 £
Mr MARCUS SIMON COOPER
Loan account | 50,000 | 50,000

2024 | At 1 April 2023 £ | At 31 March 2024 £
Mr MARCUS SIMON COOPER
Loan account | 50,000 | 50,000