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Registration number: 05090311

Chamber Acorn Fund (Humber) Ltd
(A company limited by guarantee)
Unaudited Filleted Financial Statements
for the Year Ended 30 September 2025

Chamber Acorn Fund (Humber) Ltd

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3
Statement of Changes in Equity | 4
Notes to the Unaudited Financial Statements | 5 to 9

Chamber Acorn Fund (Humber) Ltd

Company Information

Directors | Dr I S Kelly Mr H O'Neill Mr C R W Simpson Mrs S E Dennison Hull & Humber Chamber of Commerce Industry & Shipping

Company secretary | Mrs S E Dennison

Registered office | 34 - 38 Beverley Road Hull East Yorkshire HU3 1YE

Accountants | Botterill & Co Chartered Certified AccountantsFirst Floor Offices 40 Norwood Beverley East Yorkshire HU17 9EY

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Chamber Acorn Fund (Humber) Ltd
for the Year Ended 30 September 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Chamber Acorn Fund (Humber) Ltd for the year ended 30 September 2025 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Chamber Acorn Fund (Humber) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Chamber Acorn Fund (Humber) Ltd and state those matters that we have agreed to state to the Board of Directors of Chamber Acorn Fund (Humber) Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chamber Acorn Fund (Humber) Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Chamber Acorn Fund (Humber) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Chamber Acorn Fund (Humber) Ltd. You consider that Chamber Acorn Fund (Humber) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Chamber Acorn Fund (Humber) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Botterill & Co
Chartered Certified Accountants
First Floor Offices
40 Norwood
Beverley
East Yorkshire
HU17 9EY

2 December 2025

Chamber Acorn Fund (Humber) Ltd

(Registration number: 05090311)
Balance Sheet as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | - | 91
Other financial assets |  | 578,173 | 572,407
|  | 578,173 | 572,498
Current assets |  |  |
Debtors | 6 | 3,756,205 | 3,414,106
Cash at bank and in hand |  | 164,129 | 469,476
|  | 3,920,334 | 3,883,582
Creditors: Amounts falling due within one year | 7 | (6,140) | (9,672)
Net current assets |  | 3,914,194 | 3,873,910
Net assets |  | 4,492,367 | 4,446,408
Reserves |  |  |
Grant reserve |  | 3,190,627 | 3,265,013
Retained earnings |  | 1,301,740 | 1,181,395
Surplus |  | 4,492,367 | 4,446,408

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

These financial statements have been prepared and 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 2 December 2025 and signed on its behalf by:

......................................... Dr I S Kelly Director

Chamber Acorn Fund (Humber) Ltd

Statement of Changes in Equity for the Year Ended 30 September 2025

| Grant reserve £ | Retained earnings £ | Total £
At 1 October 2024 | 3,265,013 | 1,181,395 | 4,446,408
Surplus for the year | - | 120,345 | 120,345
Other comprehensive income | (74,386) | - | (74,386)
Total comprehensive income | (74,386) | 120,345 | 45,959
At 30 September 2025 | 3,190,627 | 1,301,740 | 4,492,367

| Grant reserve £ | Retained earnings £ | Total £
At 1 October 2023 | 3,344,147 | 1,050,564 | 4,394,711
Surplus for the year | - | 130,831 | 130,831
Other comprehensive income | (79,134) | - | (79,134)
Total comprehensive income | (79,134) | 130,831 | 51,697
At 30 September 2024 | 3,265,013 | 1,181,395 | 4,446,408

Chamber Acorn Fund (Humber) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1 | General information

The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
34 - 38 Beverley Road
Hull
East Yorkshire
HU3 1YE

These financial statements were authorised for issue by the Board on 2 December 2025.

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 sale of goods and provision of services 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.

Government grants

Grants received from Hull City Council and European Regional Development Fund, for the purpose of providing loans or grants in accordance with the company's principal activity have been credited to a deferral account and are then released to the grant reserve upon fulfilment of the grant conditions.
The grant reserve is then released to the profit and loss account to equal the amount of bad debts and legal fees in connection with bad debts when the loans are deemed irrecoverable.

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.

Chamber Acorn Fund (Humber) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and Machinery | Straight line over 5 years

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.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Chamber Acorn Fund (Humber) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Share capital

The company is limited by guarantee and as such has no share capital.
The members of the company guarantee its indebtedness. The liability is limited to a nominal sum of £1 each.
The sole member of the company is Hull and Humber Chamber of Commerce. The directors may admit further members in accordance with the Articles of Association.
Each member is entitled to one vote at a general meeting, irrespective of the guarantees that he or she may have made.
In the event of a winding up or dissolution of the company, the members are not entitled to a share of the assets or any surplus arising.

3 | Staff numbers

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

Chamber Acorn Fund (Humber) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

4 | Tangible assets

| Other tangible assets £ | Total £
Cost or valuation
At 1 October 2024 | 4,056 | 4,056
At 30 September 2025 | 4,056 | 4,056
Depreciation
At 1 October 2024 | 3,965 | 3,965
Charge for the year | 91 | 91
At 30 September 2025 | 4,056 | 4,056
Carrying amount
At 30 September 2025 | - | -
At 30 September 2024 | 91 | 91

5 | Investments

Other investments

The market value of the listed investments at 30 September 2025 was £578,169 (2024 - £572,407).

6 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 3,730,062 | 3,388,107
Amounts owed by related parties |  | 23,840 | 23,840
Prepayments |  | 2,303 | 2,159
|  | 3,756,205 | 3,414,106

7 | Creditors

Creditors: amounts falling due within one year

Chamber Acorn Fund (Humber) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 18 | 18
Taxation and social security | 1,342 | 1,016
Accruals and deferred income | 4,780 | 8,638
| 6,140 | 9,672