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Company No: 13461252 (England and Wales)

BALGROVE LIMITED

Unaudited Financial Statements
For the financial year ended 05 April 2024
Pages for filing with the registrar

BALGROVE LIMITED

Unaudited Financial Statements

For the financial year ended 05 April 2024

Contents

BALGROVE LIMITED

COMPANY INFORMATION

For the financial year ended 05 April 2024
BALGROVE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 05 April 2024
DIRECTORS Cora Binchy
Jacqueline Helen Cheshire
Ian Christopher Crosby
Anton Sternberg (Appointed 16 August 2023)
REGISTERED OFFICE 22 Chancery Lane
London
WC2A 1LS
United Kingdom
COMPANY NUMBER 13461252 (England and Wales)
BALGROVE LIMITED

BALANCE SHEET

As at 05 April 2024
BALGROVE LIMITED

BALANCE SHEET (continued)

As at 05 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 47,558 61,986
47,558 61,986
Current assets
Debtors 1,017,738 220,629
Cash at bank and in hand 137,657 120,009
1,155,395 340,638
Creditors: amounts falling due within one year ( 1,110,707) ( 403,001)
Net current assets/(liabilities) 44,688 (62,363)
Total assets less current liabilities 92,246 (377)
Net assets/(liabilities) 92,246 ( 377)
Capital and reserves
Called-up share capital 1 1
Profit and loss account 92,245 ( 378 )
Total shareholder's funds/(deficit) 92,246 ( 377)

For the financial year ending 05 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Balgrove Limited (registered number: 13461252) were approved and authorised for issue by the Board of Directors on 13 March 2025. They were signed on its behalf by:

Cora Binchy
Director
BALGROVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2024
BALGROVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Balgrove Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 20 15

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 06 April 2023 72,138 72,138
At 05 April 2024 72,138 72,138
Accumulated depreciation
At 06 April 2023 10,152 10,152
Charge for the financial year 14,428 14,428
At 05 April 2024 24,580 24,580
Net book value
At 05 April 2024 47,558 47,558
At 05 April 2023 61,986 61,986