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REGISTERED NUMBER: 04990798 (England and Wales)










Audited Financial Statements

for the Year Ended 31 December 2017

for

ACORN LAND & STRATEGIC PROPERTY DIVISION
LIMITED

ACORN LAND & STRATEGIC PROPERTY DIVISION
LIMITED (REGISTERED NUMBER: 04990798)






Contents of the Financial Statements
for the Year Ended 31 December 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ACORN LAND & STRATEGIC PROPERTY DIVISION
LIMITED

Company Information
for the Year Ended 31 December 2017







DIRECTORS: A S Cornish
R Sargent
P S Deveney
N C Louth
J R East
T Luck
H Stavrinidis ACA





SECRETARY: H Stavrinidis ACA





REGISTERED OFFICE: 1 Sherman Road
Bromley
Kent
BR1 3JH





REGISTERED NUMBER: 04990798 (England and Wales)





AUDITORS: Maths Partnership Limited
Chartered Certified Accountants
Statutory Auditors
1 Brook Court
Blakeney Road
Beckenham
Kent BR3 1HG

ACORN LAND & STRATEGIC PROPERTY DIVISION
LIMITED (REGISTERED NUMBER: 04990798)

Balance Sheet
31 December 2017

31.12.17 31.12.16
Notes £    £   
CURRENT ASSETS
Debtors 4 320,944 273,311

CREDITORS
Amounts falling due within one year 5 34,449 (1,643 )
NET CURRENT ASSETS 286,495 274,954
TOTAL ASSETS LESS CURRENT
LIABILITIES

286,495

274,954

CAPITAL AND RESERVES
Called up share capital 1,701 1,701
Share premium 199,600 199,600
Retained earnings 85,194 73,653
SHAREHOLDERS' FUNDS 286,495 274,954

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 31 May 2018 and were signed on its behalf by:





H Stavrinidis ACA - Director


ACORN LAND & STRATEGIC PROPERTY DIVISION
LIMITED (REGISTERED NUMBER: 04990798)

Notes to the Financial Statements
for the Year Ended 31 December 2017

1. STATUTORY INFORMATION

Acorn Land & Strategic Property Division Limited 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

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
The turnover shown in the profit and loss account represents the value of work carried out in the period
excluding value added tax.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,
except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.17 31.12.16
£    £   
Amounts owed by group undertakings 320,944 273,311

All debtors are payable within one year and have therefore not been discounted.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.17 31.12.16
£    £   
Taxation and social security 34,449 (1,643 )

All creditors are payable within one year and have therefore not been discounted.

ACORN LAND & STRATEGIC PROPERTY DIVISION
LIMITED (REGISTERED NUMBER: 04990798)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Trevor Hammond FCCA (Senior Statutory Auditor)
for and on behalf of Maths Partnership Limited

7. OTHER FINANCIAL COMMITMENTS

The company has entered into a debenture with the bank in respect of all of the group's liabilities. There was also
a guarantee in respect of Acorn Investments Limited (a non group company) for £999,999.

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £120,826 (2016 - £156,709) were paid to the directors .

Acorn Limited

The company is a subsidiary of Acorn Limited. To benefit from being part of a group, costs and revenues are
centrally processed. These amounts are then allocated to a specific branch or division on a direct basis along
with an allocation of indirect and Head Office costs. The company received £1,656,084 (£1,399,376 - 2016) in
respect of property related income from Acorn Limited. Acorn Limited paid £1,269,374 (£1,307,592 - 2016) of
the administration costs on behalf of the company which were then reimbursed by the company. £320,944
(£273,311 - 2016) was owed by the holding company at the year end.

The company paid a dividend to Acorn Limited of £180,000 (£40,000 - 2016).

9. APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns
to the tax authorities and assist with the preparation of the financial statements.

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

11. ULTIMATE PARENT COMPANY

Acorn (Holdings) Limited is regarded by the directors as being the company's ultimate parent company.

The company is a 57.5% owned subsidiary undertaking of Acorn Limited which is owned by Acorn (Holdings)
Limited.