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REGISTERED NUMBER: 02404533 (England and Wales)



















Financial Statements

for the Year Ended 30 September 2024

for

Ivygrove Limited

Ivygrove Limited (Registered number: 02404533)






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


Ivygrove Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: J S Blount
N J Blount
R A Blount
V A Ashton





SECRETARY: A M Foulke ACA





REGISTERED OFFICE: Racecourse Industrial Park
Mansfield Road
Derby
DE21 4SX





REGISTERED NUMBER: 02404533 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Ivygrove Limited (Registered number: 02404533)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 88,386 -

CURRENT ASSETS
Debtors 5 2,917,513 1,371,688
Cash at bank - 19
2,917,513 1,371,707
CREDITORS
Amounts falling due within one year 6 1,496,555 31,407
NET CURRENT ASSETS 1,420,958 1,340,300
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,509,344

1,340,300

CREDITORS
Amounts falling due after more than one
year

7

(20,071

)

-

PROVISIONS FOR LIABILITIES (22,000 ) -
NET ASSETS 1,467,273 1,340,300

CAPITAL AND RESERVES
Called up share capital 60 60
Retained earnings 1,467,213 1,340,240
SHAREHOLDERS' FUNDS 1,467,273 1,340,300

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.

Ivygrove Limited (Registered number: 02404533)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:





J S Blount - Director


Ivygrove Limited (Registered number: 02404533)

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

1. STATUTORY INFORMATION

Ivygrove 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 represents the invoiced value of completed property sales and rental income, excluding value added tax. Property sales are recognised on the completion date of the property sale. Rental income receivable is accounted for in the year in which the property is rented.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
Additions 74,800 33,075 107,875
At 30 September 2024 74,800 33,075 107,875
DEPRECIATION
Charge for year 11,220 8,269 19,489
At 30 September 2024 11,220 8,269 19,489
NET BOOK VALUE
At 30 September 2024 63,580 24,806 88,386

Ivygrove Limited (Registered number: 02404533)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,384,663 -
Other debtors 162,610 97,768
Amount due from related company 1,370,000 1,273,920
Prepayments 240 -
2,917,513 1,371,688

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 47,849 -
Hire purchase contracts 10,415 -
Trade creditors 1,167,327 -
Tax 19,253 30,194
Social security and other taxes 178,098 -
Other creditors 12,319 1,213
Accrued expenses 61,294 -
1,496,555 31,407

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 20,071 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 47,849 -
Hire purchase contracts 30,486 -
78,335 -

The bank overdraft is secured by a fixed and floating charge over the assets of the company.

Hire purchase is secured on the related assets.