| Grove House Investments Ltd |
| Registered number: |
01788573 |
| Statement of Financial Position |
| as at 30 June 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
1,190,000 |
|
|
1,560,000 |
|
| Current assets |
| Debtors |
5 |
|
195 |
|
|
2,767 |
| Cash at bank and in hand |
|
|
435,480 |
|
|
66,017 |
|
|
|
435,675 |
|
|
68,784 |
|
| Creditors: amounts falling due within one year |
6 |
|
(10,324) |
|
|
(11,463) |
|
| Net current assets |
|
|
|
425,351 |
|
|
57,321 |
|
| Total assets less current liabilities |
|
|
|
1,615,351 |
|
|
1,617,321 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
- |
|
|
(107,000) |
|
| Provisions for liabilities |
|
|
|
(88,644) |
|
|
(15,314) |
|
|
| Net assets |
|
|
|
1,526,707 |
|
|
1,495,007 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
16,834 |
|
|
16,834 |
| Share premium |
|
|
|
64,716 |
|
|
64,716 |
| Revaluation reserve |
8 |
|
|
455,904 |
|
|
143,286 |
| Profit and loss account |
|
|
|
989,253 |
|
|
1,270,171 |
|
| Shareholders' funds |
|
|
|
1,526,707 |
|
|
1,495,007 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
| Karen Bartlett |
| Director |
| Approved by the board on 8 September 2025 |
|
| Grove House Investments Ltd |
| Notes to the Accounts |
| for the year ended 30 June 2025 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
|
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from property rental. Turnover from the rental is recognised by reference to the stage of completion of the tenancy. |
|
|
Investment Property |
|
Investment property is included at fair value. Gains and losses are recognised in the income statement. Deferred tax is provided on these gains at the rate expected to apply when the property is sold. |
|
|
Debtors |
|
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
| 2 |
Exceptional items |
2025 |
|
2024 |
| £ |
£ |
|
|
Value adjustments on fixed assets and current asset investments |
- |
|
(160,000) |
|
|
|
|
|
|
- |
|
(160,000) |
|
|
|
|
|
|
|
|
|
|
| 3 |
Employees and directors |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of directors and persons employed by the company |
|
2 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 July 2024 |
1,560,000 |
|
Disposals |
(370,000) |
|
At 30 June 2025 |
1,190,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 30 June 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2025 |
1,190,000 |
|
At 30 June 2024 |
1,560,000 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Prepayments |
182 |
|
1,994 |
|
Other debtors |
13 |
|
773 |
|
|
|
|
|
|
195 |
|
2,767 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
- |
|
136 |
|
Accruals |
2,580 |
|
4,885 |
|
Corporation tax |
4,679 |
|
2,128 |
|
Other taxes and social security costs |
- |
|
3,751 |
|
Other creditors |
3,065 |
|
563 |
|
|
|
|
|
|
10,324 |
|
11,463 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
- |
|
107,000 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Fair value reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 July 2024 |
143,286 |
|
- |
|
Transfer on revaluation of land and buildings |
385,948 |
|
158,600 |
|
Deferred taxation arising on the revaluation of land and buildings |
(73,330) |
|
(15,314) |
|
|
At 30 June 2025 |
455,904 |
|
143,286 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Karen Bartlett |
|
Repayable on demand |
773 |
|
13 |
|
773 |
|
13 |
|
|
|
773 |
|
13 |
|
773 |
|
13 |
|
|
|
|
|
|
|
|
|
|
| 10 |
Other information |
|
|
Grove House Investments Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
269 Farnborough Road |
|
Farnborough |
|
Hampshire |
|
GU14 7LY |