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REGISTERED NUMBER: 09989985 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Grove Pond Yachts Ltd.

Grove Pond Yachts Ltd. (Registered number: 09989985)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

Grove Pond Yachts Ltd.

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mrs J C Grove





REGISTERED OFFICE: The Bothy
Haughton
Hexham
Northumberland
NE46 4AY





REGISTERED NUMBER: 09989985 (England and Wales)





ACCOUNTANTS: AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ

Grove Pond Yachts Ltd. (Registered number: 09989985)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £ £
CURRENT ASSETS
Stocks 860 260
Debtors 4 2,573 2,563
Cash at bank 41 2,275
3,474 5,098
CREDITORS
Amounts falling due within one year 5 776 1,272
NET CURRENT ASSETS 2,698 3,826
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,698

3,826

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 2,697 3,825
SHAREHOLDERS' FUNDS 2,698 3,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 23 October 2023 and were signed by:



Mrs J C Grove - Director


Grove Pond Yachts Ltd. (Registered number: 09989985)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Grove Pond Yachts Ltd. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£ £
Directors' loan accounts 2,573 2,563

Grove Pond Yachts Ltd. (Registered number: 09989985)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£ £
Tax 400 897
Accrued expenses 376 375
776 1,272

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£ £
Mrs J C Grove
Balance outstanding at start of year 2,563 (535 )
Amounts advanced 4,283 5,558
Amounts repaid (4,273 ) (2,460 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,573 2,563

Grove Pond Yachts Ltd.

Report of the Accountants to the Director of
Grove Pond Yachts Ltd.

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2023 set out on pages one to four and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ


23 October 2023