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REGISTERED NUMBER: 10810840 (England and Wales)















Grove Estate Holdings Ltd

Unaudited Financial Statements for the Year Ended 31 May 2023






Grove Estate Holdings Ltd (Registered number: 10810840)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Grove Estate Holdings Ltd

Company Information
for the Year Ended 31 May 2023







Directors: R P Stevenson
C Stevenson





Registered office: Pockthorpe Loke
Barnham Broom
Norwich
Norfolk
NR9 4BF





Registered number: 10810840 (England and Wales)





Accountants: Fairhead Bradford
5 Queen Street
Great Yarmouth
Norfolk
NR30 2QP

Grove Estate Holdings Ltd (Registered number: 10810840)

Statement of Financial Position
31 May 2023

31/5/23 31/5/22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 452,533 452,533

Current assets
Debtors 5 18,883 18,600
Cash at bank 55,236 61,895
74,119 80,495
Creditors
Amounts falling due within one year 6 621,426 626,593
Net current liabilities (547,307 ) (546,098 )
Total assets less current liabilities (94,774 ) (93,565 )

Capital and reserves
Called up share capital 100 100
Retained earnings (94,874 ) (93,665 )
Shareholders' funds (94,774 ) (93,565 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 16 October 2023 and were signed on its behalf by:





C Stevenson - Director


Grove Estate Holdings Ltd (Registered number: 10810840)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. Statutory information

Grove Estate Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
The accounts are prepared on a going concern basis, notwithstanding the company has net liabilities.The application of this basis of accounting is based on the continued support of the directors.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

Grove Estate Holdings Ltd (Registered number: 10810840)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. Tangible fixed assets
Freehold
property
£   
Cost
At 1 June 2022
and 31 May 2023 452,533
Net book value
At 31 May 2023 452,533
At 31 May 2022 452,533

The directors feel that the market value of the land and buildings at the year end and the ongoing refurbishment costs for the barns,is not significantly different to its ongoing cost value.

5. Debtors: amounts falling due within one year
31/5/23 31/5/22
£    £   
Other debtors 18,883 18,600

6. Creditors: amounts falling due within one year
31/5/23 31/5/22
£    £   
Other creditors 621,426 626,593

7. Ultimate controlling party

The controlling party is C Stevenson.