Acorn Packaging Partnership LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: OC328700

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		177,848		169,379

			177,848		169,379
CURRENT ASSETS
Stocks	5	1,877,173		1,675,202
Debtors	6	1,642,860		1,709,344
Cash at bank and in hand		234,952		185,706

		3,754,985		3,570,252
Creditors: Amounts Falling Due Within One Year	7	(3,318,927 )		(3,103,446 )

NET CURRENT ASSETS (LIABILITIES)			436,058		466,806

TOTAL ASSETS LESS CURRENT LIABILITIES			613,906		636,185

Creditors: Amounts Falling Due After More Than One Year	8		(42,465 )		(63,675 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			571,441		572,510

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		571,440		572,509

			571,440		572,509

Equity
Members' other interests
Other reserves		1		1

			1		1

			571,441		572,510

TOTAL MEMBERS' INTEREST
Amounts due from members			(23,353)		-

...CONTINUED

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Acorn Packaging Partnership LLP

Balance Sheet (continued)

As At 31 August 2025

Loans and other debts due to members within one year	571,440	572,509
Members' other interests	1	1

	548,088	572,510

For the year ending 31 August 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Stephen Gillies

Designated Member

27/01/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Acorn Packaging Partnership LLP is a limited liability partnership, incorporated in England & Wales, registered number OC328700 . The Registered Office is 7 St Georges Yard, Castle Street, FARNHAM, Surrey, GU9 7LW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in May 2024 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	25% on reducing balance
Computer Equipment	50% on reducing balance

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Acorn Packaging Partnership LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was:

	2025	2024
Office and administration	5	5
Sales, marketing and distribution	9	9

	14	14

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 September 2024	130,565	267,623	14,415	41,568	454,171
Additions	428	81,759	-	1,410	83,597
Disposals	-	(65,784 )	-	(216 )	(66,000 )

As at 31 August 2025	130,993	283,598	14,415	42,762	471,768

Depreciation
As at 1 September 2024	90,709	142,925	13,179	37,979	284,792
Provided during the period	9,982	41,919	309	2,258	54,468
Disposals	-	(45,124 )	-	(216 )	(45,340 )

As at 31 August 2025	100,691	139,720	13,488	40,021	293,920

Net Book Value
As at 31 August 2025	30,302	143,878	927	2,741	177,848

As at 1 September 2024	39,856	124,698	1,236	3,589	169,379

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Acorn Packaging Partnership LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Plant & Machinery	16,821	22,427
Motor Vehicles	143,879	86,674

	160,700	109,101

5. Stocks

	2025	2024
	£	£
Stock	1,877,173	1,675,202

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,485,784	1,598,126
Other debtors	157,076	111,218

	1,642,860	1,709,344

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	59,649	52,743
Trade creditors	1,331,594	1,134,899
Bank loans and overdrafts	-	10,662
Other creditors	1,581,977	1,621,564
Taxation and social security	345,707	283,578

	3,318,927	3,103,446

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	42,465	63,675

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Acorn Packaging Partnership LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	59,649	52,743
Later than one year and not later than five years	42,465	63,675

	102,114	116,418

	102,114	116,418

10. Related Party Transactions

As at 31st August 2025 the net amount due to Acorn Packaging Products Limited amounted to £326,664 (2024 £351,289)

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