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REGISTERED NUMBER: 13413428 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 May 2024

for

The Growing Property Group Ltd

The Growing Property Group Ltd (Registered number: 13413428)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4


The Growing Property Group Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mrs S M Kaur-Bevan





REGISTERED OFFICE: Charter House, Wyvern Court Wyvern Busin
Stanier Way
Derby
United Kingdom
DE21 6BF





REGISTERED NUMBER: 13413428 (England and Wales)





ACCOUNTANTS: M. J. Shapcott & Co. Limited
Chartered Accountants
Charter House, Wyvern Court
Stanier Way
Derby
DE21 6BF

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
The Growing Property Group Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Growing Property Group Ltd for the year ended 31 May 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of The Growing Property Group Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Growing Property Group Ltd and state those matters that we have agreed to state to the director of The Growing Property Group Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Growing Property Group Ltd and its director for our work or for this report.

It is your duty to ensure that The Growing Property Group Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Growing Property Group Ltd. You consider that The Growing Property Group Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Growing Property Group Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






M. J. Shapcott & Co. Limited
Chartered Accountants
Charter House, Wyvern Court
Stanier Way
Derby
DE21 6BF


27 February 2025

The Growing Property Group Ltd (Registered number: 13413428)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 220,000 126,525

CURRENT ASSETS
Debtors 5 1,251 420
Prepayments and accrued income - 144
Cash at bank 82,948 13,338
84,199 13,902
CREDITORS
Amounts falling due within one year 6 82,692 79,651
NET CURRENT ASSETS/(LIABILITIES) 1,507 (65,749 )
TOTAL ASSETS LESS CURRENT LIABILITIES 221,507 60,776

CREDITORS
Amounts falling due after more than one year 7 (164,965 ) (87,277 )

PROVISIONS FOR LIABILITIES (14,852 ) -

ACCRUALS AND DEFERRED INCOME (1,362 ) (1,123 )
NET ASSETS/(LIABILITIES) 40,328 (27,624 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 78,204 -
Retained earnings (37,976 ) (27,724 )
40,328 (27,624 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 27 February 2025 and were signed by:





Mrs S M Kaur-Bevan - Director


The Growing Property Group Ltd (Registered number: 13413428)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

The Growing Property Group 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.

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.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 126,525
Additions 420
Revaluations 93,055
At 31 May 2024 220,000
NET BOOK VALUE
At 31 May 2024 220,000
At 31 May 2023 126,525

The Growing Property Group Ltd (Registered number: 13413428)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2024 93,055
Cost 126,945
220,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 126,945 -
Aggregate depreciation (7,617 ) -

Investment property was valued on an open market basis on 31 May 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,251 420

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 82,692 79,651

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 164,965 87,277

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 164,965 87,277

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 164,965 87,277

The Director of the company has provided a personal guarantee for the Bank Loan on the investment property held by the company.

9. RESERVES
Fair
value
reserve
£   
Transfer 78,204

At 31 May 2024 78,204