REGISTERED NUMBER: |
Audited Financial Statements |
for the Year Ended 31 December 2017 |
for |
ACORN LAND & STRATEGIC PROPERTY DIVISION |
LIMITED |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
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 |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
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 |
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 | ( |
) |
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. |
for and on behalf of |
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. |