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REGISTERED NUMBER: 10592523 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

GROVETOWNS SOUTHERN LIMITED

GROVETOWNS SOUTHERN LIMITED (REGISTERED NUMBER: 10592523)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GROVETOWNS SOUTHERN LIMITED

Company Information
for the year ended 31 March 2024







DIRECTORS: Mr Calvin Gilmore Crane
Mrs Siew Ping Crane





SECRETARY: Mr Calvin Gilmore Crane





REGISTERED OFFICE: 381 Ewell Road
Tolworth
Surbiton
Surrey
KT6 7DF





REGISTERED NUMBER: 10592523 (England and Wales)





ACCOUNTANTS: Thorne Lancaster Parker
5th Floor
Palladium House
1-4 Argyll Street
London
W1F 7TA

GROVETOWNS SOUTHERN LIMITED (REGISTERED NUMBER: 10592523)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 5 5,365,490 5,365,490

CURRENT ASSETS
Cash in hand 1 1
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,365,491

5,365,491

CAPITAL AND RESERVES
Called up share capital 6 5,365,491 5,365,491
SHAREHOLDERS' FUNDS 5,365,491 5,365,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

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 11 October 2024 and were signed on its behalf by:





Mr Calvin Gilmore Crane - Director


GROVETOWNS SOUTHERN LIMITED (REGISTERED NUMBER: 10592523)

Notes to the Financial Statements
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Grovetowns Southern 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - NIL ) .

GROVETOWNS SOUTHERN LIMITED (REGISTERED NUMBER: 10592523)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 5,365,490
NET BOOK VALUE
At 31 March 2024 5,365,490
At 31 March 2023 5,365,490

The company's investments at the Balance Sheet date in the share capital of company include the following:

Grovetowns Limited
Nature of business: Property investment dealing

Class of shares: % holding
Ordinary shares 100



31.03.24 31.03.23
£ £
Aggregate capital and reserves 1,990,946 1,881,222
Profit for the year 129,224 88,237


6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,365,491 Ordinary £1 5,365,491 5,365,491

7. RESERVES
Retained
earnings
£   

Profit for the year 19,500
Dividends (19,500 )
At 31 March 2024 -

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Calvin Gilmore Crane.