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REGISTERED NUMBER: 04155896 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

CROPPER GROUNDS MAINTENANCE LTD

CROPPER GROUNDS MAINTENANCE LTD (REGISTERED NUMBER: 04155896)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 7


CROPPER GROUNDS MAINTENANCE LTD (REGISTERED NUMBER: 04155896)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 630,819 510,574

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 6 700,219 718,301
Cash at bank 136,365 173,935
838,584 894,236
CREDITORS
Amounts falling due within one year 7 (402,157 ) (656,792 )
NET CURRENT ASSETS 436,427 237,444
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,067,246

748,018

CREDITORS
Amounts falling due after more than one
year

8

(117,316

)

(71,929

)

PROVISIONS FOR LIABILITIES (153,960 ) (96,171 )
NET ASSETS 795,970 579,918

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 795,966 579,914
795,970 579,918

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

CROPPER GROUNDS MAINTENANCE LTD (REGISTERED NUMBER: 04155896)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 July 2024 and were signed on its behalf by:





T J Dawson - Director


CROPPER GROUNDS MAINTENANCE LTD (REGISTERED NUMBER: 04155896)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Park Lane, Fenton, Stoke On Trent, Staffordshire, ST4 3ER. The principal activity of the company during the year was contract ground maintenance.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:

As described in the accounting policies of the financial statements, depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take in to account actual asset lives and residual values as evidenced by disposals during current and prior accounting periods.

REVENUE RECOGNITION
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, Turnover from the rendering of services is recognised by reference to the stage of completion of the contract, The stage of completion of a contract is measured by comparing the costs incurred for work performed to date o the total estimated contract costs.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 25% reducing balance

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

CROPPER GROUNDS MAINTENANCE LTD (REGISTERED NUMBER: 04155896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


3. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

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.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


CROPPER GROUNDS MAINTENANCE LTD (REGISTERED NUMBER: 04155896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 59 (2023 - 62 ) .

5. TANGIBLE FIXED ASSETS
Short Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 March 2023 37,564 1,571,955 485,308 2,094,827
Additions - 120,340 259,206 379,546
Disposals - (64,300 ) (71,992 ) (136,292 )
At 29 February 2024 37,564 1,627,995 672,522 2,338,081
DEPRECIATION
At 1 March 2023 37,564 1,232,152 314,537 1,584,253
Charge for year - 110,679 100,348 211,027
Eliminated on disposal - (44,612 ) (43,406 ) (88,018 )
At 29 February 2024 37,564 1,298,219 371,479 1,707,262
NET BOOK VALUE
At 29 February 2024 - 329,776 301,043 630,819
At 28 February 2023 - 339,803 170,771 510,574

CROPPER GROUNDS MAINTENANCE LTD (REGISTERED NUMBER: 04155896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 624,291 709,146
Amounts owed by group undertakings 40,538 -
Other debtors 35,390 9,155
700,219 718,301

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 90,433 73,845
Trade creditors 49,491 70,166
Amounts owed to group undertakings - 200,462
Taxation and social security 215,232 269,039
Other creditors 37,001 33,280
402,157 656,792

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 16,667 26,666
Hire purchase contracts 100,649 45,263
117,316 71,929

The company also took out a Government bounce back loan. The loan was taken in September 2020 with a repayment holiday of 12 months. The loan is repayable by September 2026

Loan interest for the the first 12 months of the loan will be funded by the UK Government, thereafter the interest rate is 2.5% per annum and is payable by the company.

9. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Hire purchase contracts 191,082 119,108

Each hire purchase contract that is not complete is secured on the asset it relates to.

CROPPER GROUNDS MAINTENANCE LTD (REGISTERED NUMBER: 04155896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
S Edwards
Balance outstanding at start of year - 3,000
Amounts advanced 30,000 -
Amounts repaid - (3,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,000 -

By Virtue of overdrawn loan accountants, a liability to taxation exists under section S455 of CTA 2010 in the sum of £10,125.00 which will be repaid or discharged when the loans are repaid. The loans were repaid within 9 of the year end and as such, no taxation has been provided for.

11. EVENTS SINCE THE END OF THE YEAR

There were no significant events up to the date of approval of the financial statements by the Board.

12. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Cropper Holdings Limited, a company registered in England and Wales.