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REGISTERED NUMBER: 13088795 (England and Wales)






















Gro Residential Management Limited

Unaudited Financial Statements for the Year Ended 31 March 2025






Gro Residential Management Limited (Registered number: 13088795)






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Gro Residential Management Limited

Company Information
for the year ended 31 March 2025







DIRECTOR: D C Garness





REGISTERED OFFICE: Riverside House
11-12 Nelson Street
Hull
HU1 1XE





REGISTERED NUMBER: 13088795 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Gro Residential Management Limited (Registered number: 13088795)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,011 4,104

CURRENT ASSETS
Debtors 5 45,693 41,091
Cash at bank 76,373 108,074
122,066 149,165
CREDITORS
Amounts falling due within one year 6 293,389 312,630
NET CURRENT LIABILITIES (171,323 ) (163,465 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(168,312

)

(159,361

)

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (169,312 ) (160,361 )
(168,312 ) (159,361 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 9 July 2025 and were signed by:





D C Garness - Director


Gro Residential Management Limited (Registered number: 13088795)

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Gro Residential Management 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.

Going concern
The accounts have been prepared on the going concern basis because of the continuing support of the parent company.

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.
Plant and machinery etc - 20% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

Gro Residential Management Limited (Registered number: 13088795)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024
and 31 March 2025 5,464
DEPRECIATION
At 1 April 2024 1,360
Charge for year 1,093
At 31 March 2025 2,453
NET BOOK VALUE
At 31 March 2025 3,011
At 31 March 2024 4,104

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 88 -
Amounts owed by group undertakings 22,175 19,844
Other debtors 23,430 21,247
45,693 41,091

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 3,795 3,039
Amounts owed to group undertakings 279,811 299,967
Taxation and social security 2,563 2,713
Other creditors 7,220 6,911
293,389 312,630

7. OTHER FINANCIAL COMMITMENTS

The company operates a defined contribution pension scheme for its employees. Included within other creditors are unpaid amounts due to the fund of £510 (2024: £474).

8. ULTIMATE CONTROLLING PARTY

The company's parent company is Garness Group Limited a company controlled by D C Garness. The parent company's registered office is the same as Gro Residential Management Limited.