ACORN PROPERTY SALES LIMITED - Accounts

ACORN PROPERTY SALES LIMITED - Accounts

ACORN PROPERTY SALES LIMITED - Company Information

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Registered Number: 06306250


 

 

 


Abridged Accounts

for the year ended 31 July 2023

for

ACORN PROPERTY SALES LIMITED

ACORN PROPERTY SALES LIMITED
Contents Page
For the year ended 31 July 2023
Report to the directors on the preparation of the unaudited statutory accounts of ACORN PROPERTY SALES LIMITED for the year ended 31 July 2023.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ACORN PROPERTY SALES LIMITED for the year ended 31 July 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys 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
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of ACORN PROPERTY SALES LIMITED, as a body, in accordance with the terms of our engagement letter dated 24 May 2024 Our work has been undertaken solely to prepare for your approval the accounts of ACORN PROPERTY SALES LIMITED and state those matters that we have agreed to state to the Board of Directors of ACORN PROPERTY SALES LIMITED, 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/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ACORN PROPERTY SALES LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ACORN PROPERTY SALES LIMITED 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 ACORN PROPERTY SALES LIMITED. You consider that ACORN PROPERTY SALES LIMITED 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 ACORN PROPERTY SALES LIMITED. 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.
31 July 2023



....................................................
Turner and Partners LLP
24 James Street West
Bath
Somerset
BA1 2BT
24 May 2024
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 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Tangible fixed assets 3 97,108    97,504 
97,108    97,504 
Current assets      
Debtors 4,589    3,961 
Cash at bank and in hand 3,759    9,038 
8,348    12,999 
Creditors: amount falling due within one year (85,593)   (81,749)
Net current assets (77,245)   (68,750)
 
Total assets less current liabilities 19,863    28,754 
Net assets 19,863    28,754 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account 19,763    28,654 
Shareholder's funds 19,863    28,754 
 


For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 24 May 2024 and were signed on its behalf by:


-------------------------------
Mr Mark Wilson
Director
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General Information
ACORN PROPERTY SALES LIMITED is a private company, limited by shares, registered in , registration number 06306250, registration address 31 High Street, Kingswood, Bristol, BS15 4AA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 August 2022 95,920    5,712    7,083    108,715 
Additions -    -    -    - 
Disposals -    -    -    - 
At 31 July 2023 95,920    5,712    7,083    108,715 
Depreciation
At 01 August 2022 -    5,600    5,611    11,211 
Charge for year -    28    368    396 
On disposals -    -    -    - 
At 31 July 2023 -    5,628    5,979    11,607 
Net book values
Closing balance as at 31 July 2023 95,920    84    1,104    97,108 
Opening balance as at 01 August 2022 95,920    112    1,472    97,504 


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