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Registered number: 07691077 ACORN TRAVEL GROUP LIMITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 30 SEPTEMBER 2025
ACORN TRAVEL GROUP LIMITED CONTENTS
| Page
Strategic report | 1
Balance sheet | 2 - 3
Notes to the financial statements | 4 - 12
ACORN TRAVEL GROUP LIMITED STRATEGIC REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025
Introduction
The directors present their strategic report for the year ended 30 September 2025.
Business review
The directors are delighted that 2025 saw continued growth across the business. Acorn Travel Group’s strategy is to build a one stop shop for schools and to provide a route to market for adventure centres, education providers, and travel suppliers. This year has seen continued investment into staff and the company’s online portal, The Acorn Adventure Gateway. This online portal offers a new route to market for independent adventure centres across the UK and abroad and will be a key factor in the company’s future. This report was approved by the board on 5 March 2026 and signed on its behalf.
N H Dunnett Director
Page 1
ACORN TRAVEL GROUP LIMITED REGISTERED NUMBER: 07691077 BALANCE SHEET AS AT 30 SEPTEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 5 |  | 96,806 |  | 87,994
Tangible assets | 6 |  | 11,673 |  | 18,100
Investments | 7 |  | 710,014 |  | 710,014
|  |  | 818,493 |  | 816,108
Current assets |  |  |  |  |
Stocks | 8 | 6,386 |  | 9,192 |
Debtors: amounts falling due within one year | 9 | 644,842 |  | 670,928 |
Cash at bank and in hand |  | 1,287,973 |  | 1,114,141 |
|  | 1,939,201 |  | 1,794,261 |
Creditors: amounts falling due within one year | 10 | (2,084,079) |  | (1,585,427) |
Net current (liabilities)/assets |  |  | (144,878) |  | 208,834
Total assets less current liabilities |  |  | 673,615 |  | 1,024,942
Creditors: amounts falling due after more than one year | 11 |  | (25,920) |  | (511,200)
Net assets |  |  | 647,695 |  | 513,742
Capital and reserves |  |  |  |  |
Called up share capital | 12 |  | 30,000 |  | 30,000
Merger reserve | 13 |  | 72,930 |  | 72,930
Profit and loss account | 13 |  | 544,765 |  | 410,812
|  |  | 647,695 |  | 513,742
The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 March 2026. Page 2
ACORN TRAVEL GROUP LIMITED REGISTERED NUMBER: 07691077 BALANCE SHEET (CONTINUED) AS AT 30 SEPTEMBER 2025
N H Dunnett
Director
The notes on pages 4 to 12 form part of these financial statements. Page 3
ACORN TRAVEL GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
1. | General information
Acorn Travel Group Ltd 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
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
| 2.2 | Exemption from preparing consolidated financial statements
The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
| 2.3 | Foreign currency translation
Functional and presentation currency The Company's functional currency and presentational currency is GBP.All amounts have been rounded to the nearest pound, unless otherwise indicated. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rate at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value is determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 4
ACORN TRAVEL GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.Accounting policies (continued)
| 2.4 | Turnover
Turnover represents amounts receivable for sales of travel and related services net of VAT and trade discounts. Principal Where the company operates as the principal tour operator, turnover represents the gross value of the holiday sold including air tickets, hotel bookings and other related services. The full cost related to the holiday is included within cost of sales. Agent Where the company acts as an agent, turnover represents commission earned. Turnover is recognised on departure date basis. Commissions earned from the sale of adventure trips is recognised 3 weeks prior to the point of departure.
| 2.5 | Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the period of the lease term.
| 2.6 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.7 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.8 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds. Page 5
ACORN TRAVEL GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.Accounting policies (continued)
| 2.9 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
| 2.10 | Intangible assets
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. The estimated useful lives range as follows:
|  |  |  | Computer software | - | 4 | years
| 2.11 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following useful life basis:
|  |  |  | Office equipment | - | 3-5 years
|  |  |  | Computer equipment | - | 3-5 years
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.12 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.13 | Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Page 6
ACORN TRAVEL GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.Accounting policies (continued)
| 2.14 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.15 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.16 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.17 | Advanced receipts and payments
All revenue relating to tours with departure dates after the year end are treated as advance receipts at the balance sheet date and are separately disclosed under accruals. Payments made to suppliers in respect of these tours are included in prepayments
| 2.18 | Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
| 2.19 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss. Page 7
ACORN TRAVEL GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based historical experience and other factors that are recognised 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 revision and future periods where the revision affects both current and future periods. The directors believe that there are no significant accounting estimates or critical judgements.
4. | Employees
| The average monthly number of employees, including directors, during the year was 23 (2024 - 24).
5. | Intangible assets
|  | Computer software
|  | £
| Cost |
| At 1 October 2024 | 117,325
| Additions | 50,858
| At 30 September 2025 | 168,183
| Amortisation |
| At 1 October 2024 | 29,331
| Charge for the year on owned assets | 42,046
| At 30 September 2025 | 71,377
| Net book value |
| At 30 September 2025 | 96,806
| At 30 September 2024 | 87,994
Page 8
ACORN TRAVEL GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
6. | Tangible fixed assets
|  | Office equipment | Computer equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 October 2024 | 7,516 | 59,353 | 66,869
| Additions | - | 2,450 | 2,450
| At 30 September 2025 | 7,516 | 61,803 | 69,319
| Depreciation |  |  |
| At 1 October 2024 | 4,634 | 44,135 | 48,769
| Charge for the year on owned assets | 1,157 | 7,720 | 8,877
| At 30 September 2025 | 5,791 | 51,855 | 57,646
| Net book value |  |  |
| At 30 September 2025 | 1,725 | 9,948 | 11,673
| At 30 September 2024 | 2,882 | 15,218 | 18,100
7. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 October 2024 | 710,014
| At 30 September 2025 | 710,014
Page 9
ACORN TRAVEL GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
8. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Uniform and tickets | 6,386 | 9,192
|  | 6,386 | 9,192
9. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 13,809 | 1,332
| Amounts owed by group undertakings | 203,569 | 38,653
| Other debtors | 1,474 | -
| Prepayments and accrued income | 425,840 | 630,943
| Deferred taxation | 150 | -
|  | 644,842 | 670,928
| Included within "prepayments and accrued income" above are amounts relating to payments in advance to suppliers for holidays departing after the year end, the total of which amounts to £284,042 (2024 - £591,018)
10. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 71,648 | 51,531
| Amounts owed to group undertakings | 290,000 | -
| Taxation and social security | 74,242 | 14,603
| Other taxation and social security | 90,422 | 63,599
| Other creditors | - | 32,232
| Accruals | 168,199 | 86,679
| Deferred Income | 1,389,568 | 1,336,783
|  | 2,084,079 | 1,585,427
| Included within "Deferred income" above and below are amounts relating to customer monies held on account for holidays departing after the year end, the total of which amount to £1,415,488 (2024: £1,347,983)..
Page 10
ACORN TRAVEL GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
11. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to connected companies | - | 500,000
| Deferred Income | 25,920 | 11,200
|  | 25,920 | 511,200
12. | Share Capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 7,446 (2024 - ) 'A' Ordinary shares of £1.00 each | 7,446 | -
|  | 22,554 (2024 - 30,000) Ordinary shares of £1.00 each | 22,554 | 30,000
|  |  | 30,000 | 30,000
| During the financial year, the company expanded its share capital through the allotment of 'A' Ordinary shares.
13. | Reserves
Capital redemption reserve Capital redemption reserve records the nominal value of shares repurchased by the Company. Profit and loss account Includes all current and prior period retained profit and losses.
14. | Contingent liabilities
As at 30 September 2025, there were contingent liabilities given by the Company in the normal course of business in respect of an insurance backed ABTA bond, amounting to £1,085,028 (2024: £1,000,000)
15. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held seperately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund during the year amounted to £130,938 (2024: £35,501). Contributions totalling £100,000 (2024:£nil) were payable to the fund at the balance sheet date. Page 11
ACORN TRAVEL GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
16. | Related party transactions
| During the year the company repaid £210,000 to Acorn Venture Limited, a company under common control. Interest was charged at 5% on the outstanding balance of £500,000. The interest charged is payable within one year and is recorded in accruals. The amount owed to Acorn Venture Limited at the balance sheet date was £290,000 (2024: £500,000). During the year the company purchased transport services from its subsidiary company, School Trips Limited, to the value of £2,928,508 (2024:£1,744,583) and charged management fees of £522,718 (2024: £285,365). The amount owed by School Trips Limited at the balance sheet date was £203,569 (2023: £38,653).
17. | Controlling party
The controlling party is N H Dunnett by virtue of his shareholding.
18. | Auditors' information
The auditors' report on the financial statements for the year ended 30 September 2025 was unqualified. The audit report was signed on 5 March 2026 by Alexander Wall (Senior statutory auditor) on behalf of Xeinadin Audit Limited.
Page 12