GROATHURST LIMITED

Company Registration Number:
01102587 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

GROATHURST LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

GROATHURST LIMITED

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 7,820 8,417
Investments: 4 4,483,200 4,403,200
Total fixed assets: 4,491,020 4,411,617
Current assets
Debtors: 5 333,567 341,549
Cash at bank and in hand: 84,556 113,455
Total current assets: 418,123 455,004
Creditors: amounts falling due within one year: 6 (78,148) (149,414)
Net current assets (liabilities): 339,975 305,590
Total assets less current liabilities: 4,830,995 4,717,207
Provision for liabilities: (516,700) (496,700)
Total net assets (liabilities): 4,314,295 4,220,507
Capital and reserves
Called up share capital: 96 96
Profit and loss account: 4,314,199 4,220,411
Shareholders funds: 4,314,295 4,220,507

The notes form part of these financial statements

GROATHURST LIMITED

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 April 2025
and signed on behalf of the board by:

Name: Mrs J E Hypher
Status: Director

The notes form part of these financial statements

GROATHURST LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the fair value of rents and service charges received and receivable for the period.

Tangible fixed assets and depreciation policy

Tangible fixed assets other than investment properties are stated in the balance sheet at cost less accumulated depreciation. Depreciation is provided to write off the cost of each asset over its estimated useful life at the following rates: Plant and machinery 25% reducing balance basis Improvements to leasehold office premises 4% on a straight line basis.

Valuation and information policy

Investment property is included in the balance sheet at its fair value, and the aggregate surplus net of any deficits arising from the revaluation is recognised through the income statement. No depreciation is provided on these properties. This policy is not in accordance with the Companies Act 2006 which requires all tangible fixed assets to be depreciated. The directors have departed from the strict requirements of the Act in order for the financial statements to give a true and fair view. It is not practical to quantify the amount of depreciation which might otherwise have been provided.

Other accounting policies

Deferred taxation is provided on all timing differences that have originated but not reversed at the balance sheet date, including those arising from the revaluation of investment properties.

GROATHURST LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 2 3

GROATHURST LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible Assets

Total
Cost £
At 01 August 2023 16,281
At 31 July 2024 16,281
Depreciation
At 01 August 2023 7,864
Charge for year 597
At 31 July 2024 8,461
Net book value
At 31 July 2024 7,820
At 31 July 2023 8,417

GROATHURST LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Fixed investments

Investments comprise as follows: Investment properties at valuation: At 1 August 2023 £4,395,000 Revaluation for the year £80,000 At 31 July 2024 £4,475,000. The properties have been valued on a fair value basis by the directors on 31 July 2024. The historical cost of the properties at 31 July 2024 and 31 July 2023 is £1,597,735. Other investments - at cost £8,200 at 31 July 2024 and at 31 July 2023.

GROATHURST LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Debtors

Debtors at 31 July 2024 comprise trade debtors £9,914 and other debtors £323,653. Debtors at 31 July 2023 comprise trade debtors £13,180 and other debtors £328,369.

GROATHURST LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Creditors: amounts falling due within one year note

Creditors due within one year comprise: At 31 July 2024: Trade creditors £632 Taxation £26,845 Other creditors £50,671 At 31 July 2023: Trade creditors £2,772 Taxation £112,819 Other creditors £33,823.

GROATHURST LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

7. Financial commitments

The company has entered into an informal lease agreement for the use of office premises with the director Mrs J Hypher for an annual rent of £4,200.

GROATHURST LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

8. Loans to directors

Name of director receiving advance or credit: Mrs J Hypher
Description of the loan: Advance
£
Balance at 01 August 2023 156,218
Advances or credits made: 26,498
Advances or credits repaid: 45,000
Balance at 31 July 2024 137,716

The advance to the director is unsecured and repayable upon demand. Interest charged on the loan for the year amounted to £2,541 (2023: £13,126).