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REGISTERED NUMBER: 02404533 (England and Wales)



















Financial Statements

for the Year Ended 30 September 2023

for

Ivygrove Limited

Ivygrove Limited (Registered number: 02404533)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ivygrove Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: J S Blount
N J Blount
R A Blount
V A Ashton





SECRETARY: A M Foulke ACA





REGISTERED OFFICE: Racecourse Industrial Park
Mansfield Road
Derby
DE21 4SX





REGISTERED NUMBER: 02404533 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Ivygrove Limited (Registered number: 02404533)

Balance Sheet
30 September 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Work in progress - 50,000
Debtors 4 1,371,688 1,313,567
Cash at bank 19 3,256
1,371,707 1,366,823
CREDITORS
Amounts falling due within one year 5 31,407 13,645
NET CURRENT ASSETS 1,340,300 1,353,178
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,340,300

1,353,178

CAPITAL AND RESERVES
Called up share capital 60 60
Retained earnings 1,340,240 1,353,118
SHAREHOLDERS' FUNDS 1,340,300 1,353,178

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2024 and were signed on its behalf by:





J S Blount - Director


Ivygrove Limited (Registered number: 02404533)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Ivygrove 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.

Turnover
Turnover represents the invoiced value of completed property sales and rental income, excluding value added tax. Property sales are recognised on the completion date of the property sale. Rental income receivable is accounted for in the year in which the property is rented.

Work in progress
Work in progress is valued at the lower of cost and net realisable value. The cost of work in progress includes all production overheads and the attributable proportion of indirect overheads based on normal levels of activity.

Net realisable value is based on normal selling price less further costs expected to be incurred in completion and disposal.

At each reporting date, work in progress is assessed for impairment. If work in progress is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 97,768 63,567
Amount due from related company 1,273,920 1,250,000
1,371,688 1,313,567

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 30,194 11,683
Other creditors 1,213 1,962
31,407 13,645