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REGISTERED NUMBER: 14545221 (England and Wales)












GROVE PROP LTD

REPORT OF THE DIRECTORS AND

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

16 DECEMBER 2022 TO 31 DECEMBER 2023






GROVE PROP LTD (REGISTERED NUMBER: 14545221)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 16 DECEMBER 2022 TO 31 DECEMBER 2023










Page

Company Information 1

Report of the Directors 2

Statement of Directors' Responsibilities 3

Abridged Balance Sheet 4

Notes to the Financial Statements 5


GROVE PROP LTD

COMPANY INFORMATION
FOR THE PERIOD 16 DECEMBER 2022 TO 31 DECEMBER 2023







DIRECTORS: Mr M Berger
Mr N I Bord





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 14545221 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

GROVE PROP LTD (REGISTERED NUMBER: 14545221)

REPORT OF THE DIRECTORS
FOR THE PERIOD 16 DECEMBER 2022 TO 31 DECEMBER 2023


The directors present their report with the financial statements of the company for the period 16 December 2022 to 31 December 2023.

INCORPORATION
The company was incorporated on 16 December 2022 .

PRINCIPAL ACTIVITY
The principal activity of the company in the period under review was that of buying and selling of own real estate.

DIVIDENDS
No interim dividend was paid during the period. The directors recommend a final dividend of £52,892 per share.

The total distribution of dividends for the period ended 31 December 2023 will be £ 52,892 .

DIRECTORS
The directors who have held office during the period from 16 December 2022 to the date of this report are as follows:

Mr M Berger - appointed 16 December 2022
Mr N I Bord - appointed 16 December 2022

Both the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr N I Bord - Director


16 September 2024

GROVE PROP LTD (REGISTERED NUMBER: 14545221)

STATEMENT OF DIRECTORS' RESPONSIBILITIES
FOR THE PERIOD 16 DECEMBER 2022 TO 31 DECEMBER 2023


The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

GROVE PROP LTD (REGISTERED NUMBER: 14545221)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

Notes £   
CURRENT ASSETS
Debtors 16,353
Cash at bank 1,016
17,369
CREDITORS
Amounts falling due within one year 17,368
NET CURRENT ASSETS 1
TOTAL ASSETS LESS CURRENT
LIABILITIES

1

CAPITAL AND RESERVES
Called up share capital 4 1
SHAREHOLDERS' FUNDS 1

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

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 September 2024 and were signed on its behalf by:





Mr N I Bord - Director


GROVE PROP LTD (REGISTERED NUMBER: 14545221)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 16 DECEMBER 2022 TO 31 DECEMBER 2023


1. STATUTORY INFORMATION

Grove Prop 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 represents amounts derived from sale of properties at date contracts are exchanged and rents charged which are recognised at the date the rental period occurred. This is stated after trade discounts, other sales taxes and net of VAT.

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1 1

1 Ordinary share of £1 was issued during the period for cash of £ 1 .

5. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is MNB Properties Ltd.