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REGISTERED NUMBER: 04524280 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

GROVES DAVEY LIMITED

GROVES DAVEY LIMITED (REGISTERED NUMBER: 04524280)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GROVES DAVEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: J L Davey





REGISTERED OFFICE: Rocklands
Heol Pant-Y-Gored
Creigiau
Cardiff
CF15 9NF





REGISTERED NUMBER: 04524280 (England and Wales)





ACCOUNTANTS: Graham Paul Limited
Court House
Court Road
Bridgend
CF31 1BE

GROVES DAVEY LIMITED (REGISTERED NUMBER: 04524280)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 - 210,190

CURRENT ASSETS
Cash at bank 12,001 12,061

CREDITORS
Amounts falling due within one year 5 - 142,500
NET CURRENT ASSETS/(LIABILITIES) 12,001 (130,439 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,001

79,751

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 6 - 25,926
Retained earnings 6 11,901 53,725
SHAREHOLDERS' FUNDS 12,001 79,751

GROVES DAVEY LIMITED (REGISTERED NUMBER: 04524280)

BALANCE SHEET - continued
31 OCTOBER 2023


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

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

The director acknowledges his 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 9 February 2024 and were signed by:





J L Davey - Director


GROVES DAVEY LIMITED (REGISTERED NUMBER: 04524280)

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


1. STATUTORY INFORMATION

Groves Davey 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.

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 as modified by the revaluation of certain assets.

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.

Fixed asset investments
Fixed asset investments are measured at open market valuation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

GROVES DAVEY LIMITED (REGISTERED NUMBER: 04524280)

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


4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 November 2022 210,190
Additions 1,236
Disposals (185,500 )
Revaluations (25,926 )
At 31 October 2023 -
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 210,190

Cost or valuation at 31 October 2023 is represented by:

Other
investments
£   
Valuation in 2016 12,856
Valuation in 2017 21,994
Valuation in 2018 (16,666 )
Valuation in 2019 7,982
Valuation in 2020 (18,866 )
Valuation in 2021 39,052
Valuation in 2022 (20,426 )
Valuation in 2023 (25,926 )

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors - 142,500

6. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 November 2022 53,725 25,926 79,651
Profit for the year 31,976 - 31,976
Dividends (73,800 ) - (73,800 )
Revaluation - (25,926 ) (25,926 )
At 31 October 2023 11,901 - 11,901

GROVES DAVEY LIMITED (REGISTERED NUMBER: 04524280)

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


7. RELATED PARTY DISCLOSURES

During the year the director provided the company with an interest free loan, the balance outstanding at the year end was nil (2022 - £142,500).

8. ULTIMATE CONTROLLING PARTY

The controlling party is J L Davey.