Company No: 02162404 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	0		16,250
Tangible assets	4	1,421,831		1,441,588
		1,421,831		1,457,838
Current assets
Stocks		10,167		7,582
Debtors	5	390,877		379,260
Cash at bank and in hand		331,119		234,537
		732,163		621,379
Creditors: amounts falling due within one year	6	( 142,931)		( 97,163)
Net current assets		589,232		524,216
Total assets less current liabilities		2,011,063		1,982,054
Provision for liabilities		( 12,946)		0
Net assets		1,998,117		1,982,054
Capital and reserves
Called-up share capital	7	229,275		229,275
Profit and loss account		1,768,842		1,752,779
Total shareholder's funds		1,998,117		1,982,054

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

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Acorn Hotels Limited (registered number: 02162404) were approved and authorised for issue by the Board of Directors on 18 September 2026. They were signed on its behalf by:

D J Partridge Director

C J Knight Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Acorn Hotels Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 87 Fore Street, North Petherton, TA6 6QA, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Generally, turnover is the value of goods and services sold to third parties as part of the company's trading activities, after deducting VAT.

The rental of rooms and food and beverage sales is recognised when rooms are occupied and food and beverages are sold.

Rental income is recognised when it is receivable.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

20 years straight line

Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is [number] years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Fixtures and fittings	4 - 10 years straight line
Computer equipment	4 - 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	28		26

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2025	325,000		325,000
At 31 December 2025	325,000		325,000
Accumulated amortisation
At 01 January 2025	308,750		308,750
Charge for the financial year	16,250		16,250
At 31 December 2025	325,000		325,000
Net book value
At 31 December 2025	0		0
At 31 December 2024	16,250		16,250

4. Tangible assets

	Land and buildings		Fixtures and fittings		Computer equipment		Total
	£		£		£		£
Cost
At 01 January 2025	1,500,000		354,391		18,383		1,872,774
Additions	0		10,016		1,370		11,386
At 31 December 2025	1,500,000		364,407		19,753		1,884,160
Accumulated depreciation
At 01 January 2025	112,500		300,395		18,291		431,186
Charge for the financial year	22,500		8,372		271		31,143
At 31 December 2025	135,000		308,767		18,562		462,329
Net book value
At 31 December 2025	1,365,000		55,640		1,191		1,421,831
At 31 December 2024	1,387,500		53,996		92		1,441,588

5. Debtors

	2025		2024
	£		£
Trade debtors	19,092		18,563
Amounts owed by Group undertakings	366,939		356,565
Prepayments	2,627		2,896
Other debtors	2,219		1,236
	390,877		379,260

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	54,543		51,040
Accruals	4,676		13,875
Taxation and social security	82,480		31,256
Other creditors	1,232		992
	142,931		97,163

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
229,275 Ordinary shares of £ 1.00 each	229,275		229,275