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REGISTERED NUMBER: 09549423 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

GREAT GROVE PROPERTIES LIMITED

GREAT GROVE PROPERTIES LIMITED (REGISTERED NUMBER: 09549423)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREAT GROVE PROPERTIES LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr S J Briggs
Mr B Briggs
Mrs P T Briggs
Mrs J Tsamplakos





REGISTERED OFFICE: 1 & 2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB





REGISTERED NUMBER: 09549423 (England and Wales)





ACCOUNTANTS: THB LLP
1 & 2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB

GREAT GROVE PROPERTIES LIMITED (REGISTERED NUMBER: 09549423)

Balance Sheet
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,557,358 2,500,279

CURRENT ASSETS
Cash at bank 32,129 133,778

CREDITORS
Amounts falling due within one year 5 467,878 454,709
NET CURRENT LIABILITIES (435,749 ) (320,931 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,121,609

2,179,348

CREDITORS
Amounts falling due after more than one
year

6

1,131,130

1,191,130
NET ASSETS 990,479 988,218

CAPITAL AND RESERVES
Called up share capital 7 4 4
Revaluation reserve 8 801,248 801,248
Retained earnings 8 189,227 186,966
SHAREHOLDERS' FUNDS 990,479 988,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

GREAT GROVE PROPERTIES LIMITED (REGISTERED NUMBER: 09549423)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





Mr S J Briggs - Director


GREAT GROVE PROPERTIES LIMITED (REGISTERED NUMBER: 09549423)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Great Grove Properties 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment - 25% on reducing balance method
Plant & machinery - 25% on reducing balance method

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 May 2023 2,500,000 - 1,178 2,501,178
Additions 54,000 2,000 2,198 58,198
At 30 April 2024 2,554,000 2,000 3,376 2,559,376
DEPRECIATION
At 1 May 2023 - - 899 899
Charge for year - 500 619 1,119
At 30 April 2024 - 500 1,518 2,018
NET BOOK VALUE
At 30 April 2024 2,554,000 1,500 1,858 2,557,358
At 30 April 2023 2,500,000 - 279 2,500,279

GREAT GROVE PROPERTIES LIMITED (REGISTERED NUMBER: 09549423)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 April 2024 is represented by:

Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
Valuation in 2020 801,248 - - 801,248
Valuation in 2024 54,000 - - 54,000
Cost 1,698,752 2,000 3,376 1,704,128
2,554,000 2,000 3,376 2,559,376

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 10,000 10,000
Taxation and social security 17,251 22,033
Other creditors 440,627 422,676
467,878 454,709

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Bank loans 882,378 892,378
Other creditors 248,752 298,752
1,131,130 1,191,130

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/24 30/4/23
value: £    £   
4 Ordinary £1 4 4

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 May 2023 186,966 801,248 988,214
Profit for the year 2,261 2,261
At 30 April 2024 189,227 801,248 990,475

9. RELATED PARTY DISCLOSURES

At the end of the year the company owed an amount of £429,585 (2023 : £417,976) to its directors.

GREAT GROVE PROPERTIES LIMITED (REGISTERED NUMBER: 09549423)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by Mr S J Briggs the director of the company.