Company Registration No. 08825569 (England and Wales)
Acorn Properties (Ncle) Limited
Unaudited accounts
for the year ended 31 December 2020
Acorn Properties (Ncle) Limited
Unaudited accounts
Contents
Acorn Properties (Ncle) Limited
Company Information
for the year ended 31 December 2020
Company Number
08825569 (England and Wales)
Registered Office
61 BRIDGE STREET
KINGTON
HR5 3DJ
ENGLAND
Accountants
LP Accountants Ltd
Unit E
Colima Avenue
Sunderland
Tyne & Wear
SR5 3XB
Acorn Properties (Ncle) Limited
Statement of financial position
as at
31 December 2020
Investment property
20,238
21,303
Cash at bank and in hand
19,976
35,696
Creditors: amounts falling due within one year
(139,547)
(129,444)
Net current assets
112,479
82,052
Total assets less current liabilities
132,940
103,618
Creditors: amounts falling due after more than one year
(39,000)
-
Net assets
93,940
103,618
Called up share capital
1
1
Profit and loss account
93,939
103,617
Shareholders' funds
93,940
103,618
For the year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 September 2021 and were signed on its behalf by
S Scott
Director
Company Registration No. 08825569
Acorn Properties (Ncle) Limited
Notes to the Accounts
for the year ended 31 December 2020
Acorn Properties (Ncle) Limited is a private company, limited by shares, registered in England and Wales, registration number 08825569. The registered office is 61 BRIDGE STREET, KINGTON, HR5 3DJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on the reducing balance
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
5
Investment property
2020
Fair value at 1 January 2020
21,303
Transfers to tangible fixed assets
(1,065)
At 31 December 2020
20,238
Acorn Properties (Ncle) Limited
Notes to the Accounts
for the year ended 31 December 2020
6
Debtors: amounts falling due within one year
2020
2019
Accrued income and prepayments
300
300
Other debtors
231,750
175,500
7
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
28,651
26,578
Other creditors
110,000
101,210
Loans from directors
46
806
8
Creditors: amounts falling due after more than one year
2020
2019
9
Transactions with related parties
At the year end £231,750 was owed from a company under common ownership and control.
10
Average number of employees
During the year the average number of employees was 0 (2019: 0).