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REGISTERED NUMBER: 11154933 (England and Wales)









THE GROVES PRIVATE GP GROUP LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






THE GROVES PRIVATE GP GROUP LTD (REGISTERED NUMBER: 11154933)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE GROVES PRIVATE GP GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Dr J N Harris
Dr V M Grippaudo
Dr N A Jivani
Dr V Retnasingham
Dr J K Jacob
Dr A L Fensom
Dr R A Suliman





REGISTERED OFFICE: Station House
North Street
Havant
Hampshire
PO9 1QU





REGISTERED NUMBER: 11154933 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

THE GROVES PRIVATE GP GROUP LTD (REGISTERED NUMBER: 11154933)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 185,704 44,644
Tangible assets 5 54,353 62,492
Investments 6 139,100 139,100
379,157 246,236

CURRENT ASSETS
Debtors 7 148,463 226,937
Cash at bank 62,098 45,090
210,561 272,027
CREDITORS
Amounts falling due within one year 8 314,861 282,541
NET CURRENT LIABILITIES (104,300 ) (10,514 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,857

235,722

CREDITORS
Amounts falling due after more than one
year

9

(26,667

)

(36,667

)

PROVISIONS FOR LIABILITIES (10,327 ) (11,873 )
NET ASSETS 237,863 187,182

CAPITAL AND RESERVES
Called up share capital 184 167
Share premium 258,709 105,000
Capital redemption reserve 24 -
Retained earnings (21,054 ) 82,015
SHAREHOLDERS' FUNDS 237,863 187,182

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 GROVES PRIVATE GP GROUP LTD (REGISTERED NUMBER: 11154933)

BALANCE SHEET - continued
31 MARCH 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 29 August 2023 and were signed on its behalf by:





Dr J N Harris - Director


THE GROVES PRIVATE GP GROUP LTD (REGISTERED NUMBER: 11154933)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

The Groves Private GP Group 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Computer equipment - 33% on cost

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method


THE GROVES PRIVATE GP GROUP LTD (REGISTERED NUMBER: 11154933)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
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.

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 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022 74,404
Additions 165,000
At 31 March 2023 239,404
AMORTISATION
At 1 April 2022 29,760
Charge for year 23,940
At 31 March 2023 53,700
NET BOOK VALUE
At 31 March 2023 185,704
At 31 March 2022 44,644

THE GROVES PRIVATE GP GROUP LTD (REGISTERED NUMBER: 11154933)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 April 2022 66,241 1,480 5,934 73,655
Disposals - - (2,466 ) (2,466 )
At 31 March 2023 66,241 1,480 3,468 71,189
DEPRECIATION
At 1 April 2022 6,624 929 3,610 11,163
Charge for year 6,624 370 1,145 8,139
Eliminated on disposal - - (2,466 ) (2,466 )
At 31 March 2023 13,248 1,299 2,289 16,836
NET BOOK VALUE
At 31 March 2023 52,993 181 1,179 54,353
At 31 March 2022 59,617 551 2,324 62,492

6. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 100 139,000 139,100
NET BOOK VALUE
At 31 March 2023 100 139,000 139,100
At 31 March 2022 100 139,000 139,100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,463 1,937
Other debtors 139,000 225,000
148,463 226,937

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 26,944 20,796
Taxation and social security 11,845 766
Other creditors 266,072 250,979
314,861 282,541

THE GROVES PRIVATE GP GROUP LTD (REGISTERED NUMBER: 11154933)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 26,667 36,667

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Dr R A Suliman
Balance outstanding at start of year 52,514 -
Amounts advanced - 52,514
Amounts repaid (54,614 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,100 ) 52,514

Dr A L Fensom
Balance outstanding at start of year 45,758 -
Amounts advanced - 52,520
Amounts repaid (43,843 ) (6,762 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,915 45,758