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REGISTERED NUMBER: 12998102 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Notgrove Property Limited

Notgrove Property Limited (Registered number: 12998102)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Notgrove Property Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: J R J Evans
M A Evans





REGISTERED OFFICE: Reedham House
31 King Street West
Manchester
Greater Manchester
M3 2PJ





REGISTERED NUMBER: 12998102 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

Notgrove Property Limited (Registered number: 12998102)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 43,354 57,805
Investments 5 - 110
Investment property 6 2,436,111 1,647,264
2,479,465 1,705,179

CURRENT ASSETS
Debtors 7 134,946 6,960
Cash at bank and in hand 216,209 42,680
351,155 49,640
CREDITORS
Amounts falling due within one year 8 447,639 251,313
NET CURRENT LIABILITIES (96,484 ) (201,673 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,382,981

1,503,506

CREDITORS
Amounts falling due after more than one year 9 982,578 430,473
NET ASSETS 1,400,403 1,073,033

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,400,203 1,072,833
1,400,403 1,073,033

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

Notgrove Property Limited (Registered number: 12998102)

Balance Sheet - continued
30 September 2024


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 20 June 2025 and were signed on its behalf by:





M A Evans - Director


Notgrove Property Limited (Registered number: 12998102)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Notgrove Property 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor Vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Notgrove Property Limited (Registered number: 12998102)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Going concern
The company's financial statements for the period ended 30 September 2024 have been prepared on a going basis as, after making appropriate enquiries the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 October 2023
and 30 September 2024 80,424
DEPRECIATION
At 1 October 2023 22,619
Charge for year 14,451
At 30 September 2024 37,070
NET BOOK VALUE
At 30 September 2024 43,354
At 30 September 2023 57,805

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023 110
Disposals (110 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 110

Notgrove Property Limited (Registered number: 12998102)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 1,647,264
Additions 788,847
At 30 September 2024 2,436,111
NET BOOK VALUE
At 30 September 2024 2,436,111
At 30 September 2023 1,647,264

The director considers the market value of the investment property not to be materially different to the value shown in the financial statements as at 30 September 2024.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 134,946 6,960

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 6,037 6,037
Trade creditors 6,844 1,132
Amounts owed to group undertakings - 70,974
Taxation and social security 7,453 -
Other creditors 427,305 173,170
447,639 251,313

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 12,442 16,298
Other creditors 970,136 414,175
982,578 430,473

10. RELATED PARTY DISCLOSURES

Included within other creditors is a balance amounting to £62,614 (2023: £104,141) due from companies in which the directors of the company are also directors and shareholders. There are no fixed repayment terms and no interest is chargeable by the company in respect of this balance.