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REGISTERED NUMBER: 13870958 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 25 JANUARY 2022 TO 31 JANUARY 2023

FOR

24GROVEHILL(DEVELOPMENTS) LIMITED

24GROVEHILL(DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 13870958)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 25 January 2022 to 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 6

24GROVEHILL(DEVELOPMENTS) LIMITED

COMPANY INFORMATION
for the Period 25 January 2022 to 31 January 2023







DIRECTORS: N R Swaffer
A C T Swaffer





REGISTERED OFFICE: 7a Willow Bridge Road
London
N1 2LB





REGISTERED NUMBER: 13870958 (England and Wales)





ACCOUNTANTS: Joel Richmond
Chartered Certified Accountants
The Old Creamery
North Barrow
Yeovil
Somerset
BA22 7LZ

24GROVEHILL(DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 13870958)

BALANCE SHEET
31 January 2023

Notes £   
CURRENT ASSETS
Stocks 354,551
Debtors 4 3,170
Cash at bank 6,903
364,624
CREDITORS
Amounts falling due within one year 5 1,500
NET CURRENT ASSETS 363,124
TOTAL ASSETS LESS CURRENT LIABILITIES 363,124

CREDITORS
Amounts falling due after more than one year 6 382,453
NET LIABILITIES (19,329 )

CAPITAL AND RESERVES
Called up share capital 3
Retained earnings (19,332 )
(19,329 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

24GROVEHILL(DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 13870958)

BALANCE SHEET - continued
31 January 2023


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:




N R Swaffer - Director



A C T Swaffer - Director


24GROVEHILL(DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 13870958)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 25 January 2022 to 31 January 2023

1. STATUTORY INFORMATION

24grovehill(Developments) 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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 period was 2 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 3,170

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 1,500

24GROVEHILL(DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 13870958)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 25 January 2022 to 31 January 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Other creditors 382,453

7. RELATED PARTY DISCLOSURES

The company has engaged the services of Mr Patrick Swaffer for a building contract to construct four new flats for resale and to make the arrangements for financing of these flats and to engage the services of the contractors. Mr Patrick Swaffer is closely related to the the directors of the company.

At the balance sheet date an amount of £382,453 was owed by the company to Mr Patrick Swaffer as part of the fore mentioned contract and this amount is included in other creditors due after more than one year.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
24GROVEHILL(DEVELOPMENTS) LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 24grovehill(Developments) Limited for the period ended 31 January 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's 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://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of 24grovehill(Developments) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 24grovehill(Developments) Limited and state those matters that we have agreed to state to the Board of Directors of 24grovehill(Developments) 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 the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that 24grovehill(Developments) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of 24grovehill(Developments) Limited. You consider that 24grovehill(Developments) Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of 24grovehill(Developments) 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 financial statements.






Joel Richmond
Chartered Certified Accountants
The Old Creamery
North Barrow
Yeovil
Somerset
BA22 7LZ


24 October 2023