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REGISTERED NUMBER: 13192513 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2025

for

Grove Goodman Limited

Grove Goodman Limited (Registered number: 13192513)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Grove Goodman Limited

Company Information
for the Year Ended 28 February 2025







Directors: O L Emanuel
C M Emanuel
S Oliver
D S Oliver





Registered office: 114-120 Northgate Street
Chester
CH1 2HT





Registered number: 13192513 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Grove Goodman Limited (Registered number: 13192513)

Statement of Financial Position
28 February 2025

28/2/25 29/2/24
Notes £    £    £   
Fixed assets
Tangible assets 4 190 285
Investment property 5 110,000 110,000
110,190 110,285

Current assets
Cash at bank 3,582 2,863

Creditors
Amounts falling due within one year 6 69,022 64,195
Net current liabilities (65,440 ) (61,332 )
Total assets less current liabilities 44,750 48,953

Creditors
Amounts falling due after more than
one year

7

(27,097

)

(34,601

)

Provisions for liabilities 8 (1,624 ) (1,624 )
Net assets 16,029 12,728

Capital and reserves
Called up share capital 9 200 200
Other reserves 10 6,921 6,921
Retained earnings 10 8,908 5,607
Shareholders' funds 16,029 12,728

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

Grove Goodman Limited (Registered number: 13192513)

Statement of Financial Position - continued
28 February 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 April 2025 and were signed on its behalf by:





D S Oliver - Director


Grove Goodman Limited (Registered number: 13192513)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. Statutory information

Grove Goodman 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.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Revenue from property rental is recognised on an accruals basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

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.

Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.


Grove Goodman Limited (Registered number: 13192513)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 NIL (2024 - NIL).

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 March 2024
and 28 February 2025 380
Depreciation
At 1 March 2024 95
Charge for year 95
At 28 February 2025 190
Net book value
At 28 February 2025 190
At 29 February 2024 285

Grove Goodman Limited (Registered number: 13192513)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

5. Investment property
Total
£   
Fair value
At 1 March 2024
and 28 February 2025 110,000
Net book value
At 28 February 2025 110,000
At 29 February 2024 110,000

Fair value at 28 February 2025 is represented by:
£   
Valuation in 2022 110,000

6. Creditors: amounts falling due within one year
28/2/25 29/2/24
£    £   
Trade creditors 361 -
Taxation and social security 807 860
Other creditors 67,854 63,335
69,022 64,195

7. Creditors: amounts falling due after more than one year
28/2/25 29/2/24
£    £   
Other creditors 27,097 34,601

8. Provisions for liabilities
28/2/25 29/2/24
£    £   
Deferred tax
Investment property revaluation 1,624 1,624

Deferred
tax
£   
Balance at 1 March 2024 1,624
Balance at 28 February 2025 1,624

Grove Goodman Limited (Registered number: 13192513)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 28/2/25 29/2/24
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
200 200

10. Reserves

Under FRS 102 surpluses on the revaluation of investment property are treated as fair value adjustments and are recognised in the statement of income. However under company law, these surpluses are not distributable. In these financial statements, the cumulative revaluation surpluses have been included in other reserves under profit and loss - not distributable. On disposal of an investment property, any revaluation surplus realised on disposal is transferred to distributable reserves.

11. Related party disclosures

The directors have made loans to the company. At 28 February 2025 the aggregate balance
on these loans was £54,064 (2024 - £51,816). The loans are unsecured, interest free and
repayable on demand.