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REGISTERED NUMBER: 00684452 (England and Wales)















A.E.GROVES LIMITED

Unaudited Financial Statements

for the Year Ended 28 February 2025






A.E.GROVES LIMITED (REGISTERED NUMBER: 00684452)

Contents of the Financial Statements
for the year ended 28 February 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A.E.GROVES LIMITED

Company Information
for the year ended 28 February 2025







Directors: R A Groves
D S Groves





Secretary: D S Groves





Registered office: 5 Cyprus Road
Hatch Warren
Basingstoke
Hampshire
RG22 4UY





Registered number: 00684452 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

A.E.GROVES LIMITED (REGISTERED NUMBER: 00684452)

Balance Sheet
28 February 2025

2025 2024
Notes £ £
Fixed assets
Tangible assets 4 63 5,052
Investment property 5 1,923,616 2,170,844
1,923,679 2,175,896

Current assets
Debtors 6 1,229 2,358
Cash at bank and in hand 220,550 13,229
221,779 15,587
Creditors
Amounts falling due within one year 7 (204,393 ) (265,797 )
Net current assets/(liabilities) 17,386 (250,210 )
Total assets less current liabilities 1,941,065 1,925,686

Provisions for liabilities 8 (40,313 ) (38,990 )
Net assets 1,900,752 1,886,696

Capital and reserves
Called up share capital 9 134,500 134,500
Other reserves 547,865 611,604
Retained earnings 1,218,387 1,140,592
Shareholders' funds 1,900,752 1,886,696

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by:




R A Groves - Director


A.E.GROVES LIMITED (REGISTERED NUMBER: 00684452)

Notes to the Financial Statements
for the year ended 28 February 2025


1. Statutory information

A.E.Groves 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

Accounting convention
These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention, modified to include investment properties The principal accounting policies adopted are set out below.

Turnover
Turnover represents amounts receivable for rental income provided in the UK and is recognised on an accruals basis.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment15% reducing balance
Computer equipment15% reducing balance
Motor vehicles20% reducing balance

Any 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.

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Investment property
Investment property, which is property held to earn rentals and for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks.

A.E.GROVES LIMITED (REGISTERED NUMBER: 00684452)

Notes to the Financial Statements - continued
for the year ended 28 February 2025


2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, are classified as debt and are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Employee benefits
The cost of any material unused holiday entitlement is recognised in the period in which the employee's services are received.

3. Employees and directors

The average number of employees during the year was 2 (2024 - 2 ) .

A.E.GROVES LIMITED (REGISTERED NUMBER: 00684452)

Notes to the Financial Statements - continued
for the year ended 28 February 2025


4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 March 2024 27,753
Disposals (26,375 )
At 28 February 2025 1,378
Depreciation
At 1 March 2024 22,701
Charge for year 11
Eliminated on disposal (21,397 )
At 28 February 2025 1,315
Net book value
At 28 February 2025 63
At 29 February 2024 5,052

5. Investment property
Total
£
Fair value
At 1 March 2024 2,170,844
Disposals (247,228 )
At 28 February 2025 1,923,616
Net book value
At 28 February 2025 1,923,616
At 29 February 2024 2,170,844

The local property prices were reviewed by the directors at the year end and a fair value of £1,923,616 (2024- £2,170,844) was deemed reasonable based on the average market value of similar properties.
The historical cost of the properties held is £1,335,011 (2024: £1,518,500). The associated estimated deferred tax arising on the estimated gains has also been accounted for.

6. Debtors: amounts falling due within one year
2025 2024
£ £
Other debtors 1,229 2,358

7. Creditors: amounts falling due within one year
2025 2024
£ £
Taxation and social security 26,856 7,477
Other creditors 177,537 258,320
204,393 265,797

A.E.GROVES LIMITED (REGISTERED NUMBER: 00684452)

Notes to the Financial Statements - continued
for the year ended 28 February 2025


8. Provisions for liabilities
2025 2024
£ £
Deferred tax 40,313 38,990

Deferred tax
£
Balance at 1 March 2024 38,990
Charge to Income Statement during year 1,323
Balance at 28 February 2025 40,313

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
134,500 Ordinary £1 134,500 134,500