Caseware UK (AP4) 2024.0.164 2024.0.164 10truefalse2023-10-01The management of the property at Grove House, of which the company owns the freehold.10truetrue 02288570 2023-10-01 2024-09-30 02288570 2022-10-01 2023-09-30 02288570 2024-09-30 02288570 2023-09-30 02288570 c:Director6 2023-10-01 2024-09-30 02288570 d:FreeholdInvestmentProperty 2024-09-30 02288570 d:FreeholdInvestmentProperty 2023-09-30 02288570 d:CurrentFinancialInstruments 2024-09-30 02288570 d:CurrentFinancialInstruments 2023-09-30 02288570 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 02288570 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 02288570 d:ShareCapital 2024-09-30 02288570 d:ShareCapital 2023-09-30 02288570 d:RetainedEarningsAccumulatedLosses 2024-09-30 02288570 d:RetainedEarningsAccumulatedLosses 2023-09-30 02288570 c:OrdinaryShareClass1 2023-10-01 2024-09-30 02288570 c:OrdinaryShareClass1 2024-09-30 02288570 c:OrdinaryShareClass1 2023-09-30 02288570 c:EntityHasNeverTraded 2023-10-01 2024-09-30 02288570 c:FRS102 2023-10-01 2024-09-30 02288570 c:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 02288570 c:FullAccounts 2023-10-01 2024-09-30 02288570 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 02288570 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02288570










Grove House Epsom (Management) Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 September 2024

 
Grove House Epsom (Management) Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Grove House Epsom (Management) Limited for the year ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Grove House Epsom (Management) Limited for the year ended 30 September 2024 which comprise the Balance sheet 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 at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Grove House Epsom (Management) Limited, as a body, in accordance with the terms of our engagement letter dated 1 May 2024Our work has been undertaken solely to prepare for your approval the financial statements of Grove House Epsom (Management) Limited and state those matters that we have agreed to state to the Board of directors of Grove House Epsom (Management) Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Grove House Epsom (Management) Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Grove House Epsom (Management) Limited 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 result of Grove House Epsom (Management) Limited. You consider that Grove House Epsom (Management) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Grove House Epsom (Management) Limited. 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.

  



Kreston Reeves LLP
Chartered Accountants
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
17 March 2025
Page 1

 
Grove House Epsom (Management) Limited
Registered number: 02288570

Balance sheet
As at 30 September 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 3 
8,719
8,719

  
8,719
8,719

  

Creditors: amounts falling due within one year
 4 
(367)
(367)

Net current liabilities
  
 
 
(367)
 
 
(367)

Total assets less current liabilities
  
8,352
8,352

  

Net assets
  
8,352
8,352


Capital and reserves
  

Called up share capital 
 5 
9,000
9,000

Profit and loss account
  
(648)
(648)

  
8,352
8,352


For the year ended 30 September 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Dr J A Lindo
Director

Date: 23 February 2025

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
Grove House Epsom (Management) Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

1.


General information

The company is a private company limited by share capital incorporated in England, within the United Kingdom.
The address of its registered office and principal place of business is 6 Grove House, The Grove, Epsom, Surrey, KT17 4DJ.
The financial statements are presented in sterling and rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared on the basis that the company acts as agent for the statutory trust created by section 42 of the Landlord and Tenant Act 1987.
Income and expenditure in respect of the maintenance of the common parts of the property known as Grove House are shown in separate service charge accounts for the property and do not form part of the annual accounts of the company and are not filed at Companies House. All service charge monies received from the residents of Grove House are held on trust for the residents.

 
2.2

Investment property

Freehold investment property is carried at fair value determined annually by the directors and based on available market information. No depreciation is provided.

This policy represents a departure from statutory accounting principles, which require depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the financial statements may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

 
2.3

Creditors

Short-term creditors are measured at the transaction price.

Page 3

 
Grove House Epsom (Management) Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

3.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
8,719



At 30 September 2024
8,719

The directors consider that the open market value of the investment property at 30 September 2024 to be
£8,719 (2023: £8,719) which equates to cost. The freehold investment property is subject to long leases of all the flats with reversion in 2173.

The 2024 valuations were made by the directors, on an open market value for existing use basis.





4.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
367
367

367
367



5.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



9,000 (2023 - 9,000) Ordinary shares of £1 each
9,000
9,000



6.


Related party transactions

Each director is a leaseholder (or connected party of a leaseholder) and contributes to the service charges according to the terms of their lease.

Page 4