Acorn Developments (Kirkby) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06211467 (England and Wales)

Financial Statements

for the Year Ended 31 December 2018

for

Acorn Developments (Kirkby) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S W Sachowitz

AS Field

SECRETARY:

AS Field

REGISTERED OFFICE:

c/o International ProcessPlants (Europe)

Postal Pages

The Grange Business Centre, Belasis Ave

Billingham

TS23 1LG

REGISTERED NUMBER:

06211467 (England and Wales)

AUDITORS:

Anderson Barrowcliff LLP

Statutory Auditors

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

CURRENT ASSETS

Debtors

4

1,751,749

144,897

Cash at bank

59,666

3,212,738

1,811,415

3,357,635

CREDITORS

Amounts falling due within one year

5

22,699

1,584,651

NET CURRENT ASSETS

1,788,716

1,772,984

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,788,716

1,772,984

CAPITAL AND RESERVES

Called up share capital

6

1

Retained earnings

7

1,788,715

1,772,983

SHAREHOLDERS' FUNDS

1,788,716

1,772,984

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 22 March 2019 and were signed on its behalf by:

AS Field - Director

1.	STATUTORY INFORMATION

Acorn Developments (Kirkby) 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to

the nearest £.

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.

The significant accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents management and service charges and sales of plant and equipment, excluding value added

tax.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the

current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax

rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial

statements of current and previous periods. It is recognised in respect of all timing differences, with certain

exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated

in the financial statements that arise from the inclusion of income and expense in tax assessments in periods

different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the

balance sheet date that are expected to apply to the reversal of timing differences.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the profit/(loss) on ordinary

activities.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable/payable

Debtors and creditors with no stated interest rate and receivable or payable are recorded at transaction price. Any

losses arising from impairment are recognised in the income statement in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Trade debtors

12,847

59,543

Other debtors

1,738,902

85,354

1,751,749

144,897

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Trade creditors

408

50,687

Taxation and social security

11,843

607,095

Other creditors

10,448

926,869

22,699

1,584,651

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

1

Ordinary

£1

1

7.

RESERVES

Retained

earnings

£

At 1 January 2018

1,772,983

Profit for the year

15,732

At 31 December 2018

1,788,715

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

The Report of the Auditors was unqualified.

Jerome Bury FCA (Senior Statutory Auditor)

for and on behalf of Anderson Barrowcliff LLP

9.	RELATED PARTY DISCLOSURES

Directors and key management personnel remuneration in the year totalled £95,990 (2017: £207,847).

10.	ULTIMATE HOLDING COMPANY

Kirkby Acorn Group LLC, a limited liability company registered in Naples, Florida, United States of America is

the ultimate controlling party.