Grove Road Management (Wakefield) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06443528

GROVE ROAD MANAGEMENT (WAKEFIELD) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

GROVE ROAD MANAGEMENT (WAKEFIELD) LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

CONTENTS	PAGE

Statement of financial position	1

Notes to the financial statements	3

GROVE ROAD MANAGEMENT (WAKEFIELD) LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£	£

CURRENT ASSETS

Debtors	4	4,253	5,338
Cash at bank and in hand		2,635	7,136
		-------	---------
		6,888	12,474

CREDITORS: amounts falling due within one year	6	4,145		9,677
		-------		---------
NET CURRENT ASSETS			2,743		2,797
			-------		-------
TOTAL ASSETS LESS CURRENT LIABILITIES			2,743		2,797
			-------		-------
NET ASSETS			2,743		2,797
			-------		-------

GROVE ROAD MANAGEMENT (WAKEFIELD) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

	2024		2023
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	17	17
Profit and loss account	2,726	2,780
	-------	-------
SHAREHOLDERS FUNDS	2,743	2,797
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 22 September 2025 , and are signed on behalf of the board by:

M P Dunbar
Director

Company registration number: 06443528

GROVE ROAD MANAGEMENT (WAKEFIELD) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Westfield Farm, 73 Westgate Hill Street, Bradford, West Yorkshire, BD4 0SL.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis in accordance with the lease and on an accruals basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Income

Income represents contributions received or receivable from dwelling holders towards the maintenance of common areas, stated net of discounts and of Value Added Tax.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.

Current and deferred tax

Service charge monies are held on trust in accordance with section 42, Landlord and Tenant Act 1987. Interest earned on service charge monies held on deposit and ground rents are taxable at the basic rate of income tax. The rate of tax applied during the year was 19%.

4. DEBTORS

	2024	2023
	£	£
Amounts owed by dwelling holders	4,253	4,804
Other debtors	–	534
	-------	-------
	4,253	5,338
	-------	-------

5. CASH AT BANK

	2024	2023
	£	£
Cash at bank	2,635	7,136
	-------	-------

Service charge monies are held in trust at Lloyds Bank, Commercial Street, Halifax in the bank account entitled "Grove Road Management (Wakefield) Ltd"

6. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Accruals and deferred income	1,419	592
Other creditors	2,726	9,085
	-------	-------
	4,145	9,677
	-------	-------