ACCOUNTS - Final Accounts preparation

Registered number: 10337449

O GROVE HOLDINGS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

O GROVE HOLDINGS LIMITED

CONTENTS

	Page
Balance sheet	1 - 2
Notes to the financial statements	3 - 7

O GROVE HOLDINGS LIMITED

REGISTERED NUMBER: 10337449

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024 (as restated)
Note		£		£

Fixed assets
Tangible assets	4		26		241
Investments	5		1		1
			27		242
Current assets
Debtors: amounts falling due within one year	6	711,123		589,355
Cash at bank and in hand		5,923		9,631
		717,046		598,986
Creditors: amounts falling due within one year	7	(579,742)		(458,848)
Net current assets			137,304		140,138
Total assets less current liabilities			137,331		140,380

Net assets			137,331		140,380

Capital and reserves
Called up share capital	1	1
Profit and loss account	137,330	140,379
	137,331	140,380

Page 1

O GROVE HOLDINGS LIMITED

REGISTERED NUMBER: 10337449

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 September 2025.

O Grove

Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

O GROVE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

O Grove Holdings Limited is a private company limited by shares, incorporated and domiciled in England. The address of the registered office is Lyons Court, 1666a High Street, Knowle, Solihull, England, B93 0LY.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The company's functional and presentational currency is Sterling (£).

The following principal accounting policies have been applied:

2.2

Investment in associates

Investments in associates are measured at cost less impairment.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

O GROVE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

20%

straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

O GROVE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Employees

The average number of employees, including directors, during the year was 1 (2024: 1).

4.	Tangible fixed assets

		Office equipment
		£
	Cost
	At 1 April 2024	1,370
	At 31 March 2025	1,370
	Depreciation
	At 1 April 2024	1,129
	Charge for the year on owned assets	215
	At 31 March 2025	1,344
	Net book value
	At 31 March 2025	26
	At 31 March 2024	241

Page 5

O GROVE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5.	Fixed asset investments

		Investments in associates
		£
	Cost
	At 1 April 2024	1
	At 31 March 2025	1

Debtors

					2025	2024
					£	£


Amounts owed by related undertakings	705,044	583,276
Other debtors	6,079	6,079
	711,123	589,355

7.	Creditors: Amounts falling due within one year
		2025	2024 (as restated)
		£	£

Trade creditors	191	5,495
Amounts owed to related undertakings	3,000	3,000
Corporation tax	24,522	16,514
Other taxation and social security	-	794
Other creditors	548,029	429,445
Accruals and deferred income	4,000	3,600
	579,742	458,848

8.	Prior year adjustment

During the period, a prior year adjustment has been made in relation to an £80,000 dividend that was voted in 2024, which was then subsequently cancelled. This has had an effect on the other creditors and the brought forward reserves.

Page 6

O GROVE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

9.	Related party transactions
	At the year end there was an amount of £530,860 (2024: £420,860) due to the director. This loan is interest free and has no fixed repayment date.

Page 7