2023-10-012024-09-302024-09-30false14388697GROUNDWORK VENTURES LTD2025-02-2070229falseiso4217:GBPxbrli:pure143886972023-10-01143886972024-09-30143886972023-10-012024-09-30143886972022-09-30143886972023-09-30143886972022-09-302023-09-3014388697bus:SmallEntities2023-10-012024-09-3014388697bus:AuditExempt-NoAccountantsReport2023-10-012024-09-3014388697bus:FullAccounts2023-10-012024-09-3014388697bus:PrivateLimitedCompanyLtd2023-10-012024-09-3014388697core:WithinOneYear2024-09-3014388697core:AfterOneYear2024-09-3014388697core:WithinOneYear2023-09-3014388697core:AfterOneYear2023-09-3014388697core:ShareCapital2024-09-3014388697core:SharePremium2024-09-3014388697core:RevaluationReserve2024-09-3014388697core:OtherReservesSubtotal2024-09-3014388697core:RetainedEarningsAccumulatedLosses2024-09-3014388697core:ShareCapital2023-09-3014388697core:SharePremium2023-09-3014388697core:RevaluationReserve2023-09-3014388697core:OtherReservesSubtotal2023-09-3014388697core:RetainedEarningsAccumulatedLosses2023-09-3014388697core:LandBuildings2024-09-3014388697core:PlantMachinery2024-09-3014388697core:Vehicles2024-09-3014388697core:FurnitureFittings2024-09-3014388697core:OfficeEquipment2024-09-3014388697core:NetGoodwill2024-09-3014388697core:IntangibleAssetsOtherThanGoodwill2024-09-3014388697core:ListedExchangeTraded2024-09-3014388697core:UnlistedNon-exchangeTraded2024-09-3014388697core:LandBuildings2023-09-3014388697core:PlantMachinery2023-09-3014388697core:Vehicles2023-09-3014388697core:FurnitureFittings2023-09-3014388697core:OfficeEquipment2023-09-3014388697core:NetGoodwill2023-09-3014388697core:IntangibleAssetsOtherThanGoodwill2023-09-3014388697core:ListedExchangeTraded2023-09-3014388697core:UnlistedNon-exchangeTraded2023-09-3014388697core:LandBuildings2023-10-012024-09-3014388697core:PlantMachinery2023-10-012024-09-3014388697core:Vehicles2023-10-012024-09-3014388697core:FurnitureFittings2023-10-012024-09-3014388697core:OfficeEquipment2023-10-012024-09-3014388697core:NetGoodwill2023-10-012024-09-3014388697core:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3014388697core:ListedExchangeTraded2023-10-012024-09-3014388697core:UnlistedNon-exchangeTraded2023-10-012024-09-3014388697core:MoreThanFiveYears2023-10-012024-09-3014388697core:Non-currentFinancialInstruments2024-09-3014388697core:Non-currentFinancialInstruments2023-09-3014388697dpl:CostSales2023-10-012024-09-3014388697dpl:DistributionCosts2023-10-012024-09-3014388697core:LandBuildings2023-10-012024-09-3014388697core:PlantMachinery2023-10-012024-09-3014388697core:Vehicles2023-10-012024-09-3014388697core:FurnitureFittings2023-10-012024-09-3014388697core:OfficeEquipment2023-10-012024-09-3014388697dpl:AdministrativeExpenses2023-10-012024-09-3014388697core:NetGoodwill2023-10-012024-09-3014388697core:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3014388697dpl:GroupUndertakings2023-10-012024-09-3014388697dpl:ParticipatingInterests2023-10-012024-09-3014388697dpl:GroupUndertakingscore:ListedExchangeTraded2023-10-012024-09-3014388697core:ListedExchangeTraded2023-10-012024-09-3014388697dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-10-012024-09-3014388697core:UnlistedNon-exchangeTraded2023-10-012024-09-3014388697dpl:CostSales2022-09-302023-09-3014388697dpl:DistributionCosts2022-09-302023-09-3014388697core:LandBuildings2022-09-302023-09-3014388697core:PlantMachinery2022-09-302023-09-3014388697core:Vehicles2022-09-302023-09-3014388697core:FurnitureFittings2022-09-302023-09-3014388697core:OfficeEquipment2022-09-302023-09-3014388697dpl:AdministrativeExpenses2022-09-302023-09-3014388697core:NetGoodwill2022-09-302023-09-3014388697core:IntangibleAssetsOtherThanGoodwill2022-09-302023-09-3014388697dpl:GroupUndertakings2022-09-302023-09-3014388697dpl:ParticipatingInterests2022-09-302023-09-3014388697dpl:GroupUndertakingscore:ListedExchangeTraded2022-09-302023-09-3014388697core:ListedExchangeTraded2022-09-302023-09-3014388697dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-09-302023-09-3014388697core:UnlistedNon-exchangeTraded2022-09-302023-09-3014388697core:NetGoodwill2024-09-3014388697core:IntangibleAssetsOtherThanGoodwill2024-09-3014388697core:LandBuildings2024-09-3014388697core:PlantMachinery2024-09-3014388697core:Vehicles2024-09-3014388697core:FurnitureFittings2024-09-3014388697core:OfficeEquipment2024-09-3014388697core:AfterOneYear2024-09-3014388697core:WithinOneYear2024-09-3014388697core:ListedExchangeTraded2024-09-3014388697core:UnlistedNon-exchangeTraded2024-09-3014388697core:ShareCapital2024-09-3014388697core:SharePremium2024-09-3014388697core:RevaluationReserve2024-09-3014388697core:OtherReservesSubtotal2024-09-3014388697core:RetainedEarningsAccumulatedLosses2024-09-3014388697core:NetGoodwill2023-09-3014388697core:IntangibleAssetsOtherThanGoodwill2023-09-3014388697core:LandBuildings2023-09-3014388697core:PlantMachinery2023-09-3014388697core:Vehicles2023-09-3014388697core:FurnitureFittings2023-09-3014388697core:OfficeEquipment2023-09-3014388697core:AfterOneYear2023-09-3014388697core:WithinOneYear2023-09-3014388697core:ListedExchangeTraded2023-09-3014388697core:UnlistedNon-exchangeTraded2023-09-3014388697core:ShareCapital2023-09-3014388697core:SharePremium2023-09-3014388697core:RevaluationReserve2023-09-3014388697core:OtherReservesSubtotal2023-09-3014388697core:RetainedEarningsAccumulatedLosses2023-09-3014388697core:NetGoodwill2022-09-3014388697core:IntangibleAssetsOtherThanGoodwill2022-09-3014388697core:LandBuildings2022-09-3014388697core:PlantMachinery2022-09-3014388697core:Vehicles2022-09-3014388697core:FurnitureFittings2022-09-3014388697core:OfficeEquipment2022-09-3014388697core:AfterOneYear2022-09-3014388697core:WithinOneYear2022-09-3014388697core:ListedExchangeTraded2022-09-3014388697core:UnlistedNon-exchangeTraded2022-09-3014388697core:ShareCapital2022-09-3014388697core:SharePremium2022-09-3014388697core:RevaluationReserve2022-09-3014388697core:OtherReservesSubtotal2022-09-3014388697core:RetainedEarningsAccumulatedLosses2022-09-3014388697core:AfterOneYear2023-10-012024-09-3014388697core:WithinOneYear2023-10-012024-09-3014388697core:Non-currentFinancialInstrumentscore:CostValuation2023-10-012024-09-3014388697core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-10-012024-09-3014388697core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-10-012024-09-3014388697core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-10-012024-09-3014388697core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-10-012024-09-3014388697core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-10-012024-09-3014388697core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3014388697core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3014388697core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3014388697core:Non-currentFinancialInstrumentscore:CostValuation2024-09-3014388697core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-09-3014388697core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-09-3014388697core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-09-3014388697core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-09-3014388697core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-09-3014388697core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-09-3014388697core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-09-3014388697core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-09-3014388697core:Non-currentFinancialInstrumentscore:CostValuation2023-09-3014388697core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-09-3014388697core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-09-3014388697core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-09-3014388697core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-09-3014388697core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-09-3014388697core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-09-3014388697core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-09-3014388697core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-09-3014388697bus:Director12023-10-012024-09-30

GROUNDWORK VENTURES LTD

Registered Number
14388697
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

GROUNDWORK VENTURES LTD
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

FAIRHURST, Katharine

Registered Address

5 Chancelot Road
London
SE2 0NB

Registered Number

14388697 (England and Wales)
GROUNDWORK VENTURES LTD
Statement of Financial Position
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,3891,117
1,3891,117
Current assets
Debtors1,044-
Cash at bank and on hand4,8054,306
5,8494,306
Creditors amounts falling due within one year4(2,266)(2,540)
Net current assets (liabilities)3,5831,766
Total assets less current liabilities4,9722,883
Net assets4,9722,883
Capital and reserves
Called up share capital1010
Profit and loss account4,9622,873
Shareholders' funds4,9722,883
The financial statements were approved and authorised for issue by the Director on 20 February 2025, and are signed on its behalf by:
FAIRHURST, Katharine
Director
Registered Company No. 14388697
GROUNDWORK VENTURES LTD
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
The company continues to adopt the going concern basis in preparing it's financial statements.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 October 231,1491,149
Additions694694
At 30 September 241,8431,843
Depreciation and impairment
At 01 October 233232
Charge for year422422
At 30 September 24454454
Net book value
At 30 September 241,3891,389
At 30 September 231,1171,117
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables8497
Taxation and social security5442,171
Other creditors813302
Accrued liabilities and deferred income6060
Total2,2662,540
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.