Grove Court (Dorchester) Management Company

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold land and buildings	2% on cost
Leasehold land and buildings	Nil depreciation

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Grove Court (Dorchester) Management Company

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0). The average number of directors on the board during the year was 4 (2023 - 5).

4	Loss before tax

Arrived at after charging/(crediting)

	2024 £	2023 £
Depreciation expense	612	612

5	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 January 2024	31,057	31,057
At 31 December 2024	31,057	31,057
Depreciation
At 1 January 2024	16,524	16,524
Charge for the year	612	612
At 31 December 2024	17,136	17,136
Carrying amount
At 31 December 2024	13,921	13,921
At 31 December 2023	14,533	14,533

Included within the net book value of land and buildings above is £13,463 (2023 - £14,075) in respect of freehold land and buildings and £458 (2023 - £458) in respect of long leasehold land and buildings.
 

6

Debtors

Current	2024 £	2023 £
Amounts due from lessees	6,458	11,716
	6,458	11,716

Grove Court (Dorchester) Management Company

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Amounts received in advance from lessees	10,270	2,830
Taxation and social security	238	238
Accruals and deferred income	2,555	1,200
Other creditors	147	3,477
	13,210	7,745