ACCOUNTS - Final Accounts

Registered number: 01522625

GROVE LODGE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025


GROVE LODGE LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 5


GROVE LODGE LIMITED REGISTERED NUMBER:01522625

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Investment property	4		3,000		3,000
Current assets
Debtors: amounts falling due within one year	5	652		4,953
Cash at bank and in hand		24,398		31,868
		25,050		36,821
Creditors: amounts falling due within one year	6	(2,387)		(2,278)
Net current assets			22,663		34,543

Net assets			25,663		37,543

Capital and reserves
Called up share capital	7	90	90
Profit and loss account	8	25,573	37,453
		25,663	37,543

Page 1


GROVE LODGE LIMITED REGISTERED NUMBER:01522625

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The directors consider 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 directors acknowledge their 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 comprehensive income 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 by:

G Ttouli

Director

Date: 16 December 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2


GROVE LODGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Grove Lodge Limited is a limited liability company incorporated in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the company continued to be that of the administration and management of block of flats known as Grove Lodge, 9-11 Hampstead Lane in which it holds the Head Leasehold interest.
The companys' income is from ground rents. The company has no expenditure in its own right, all transactions in the year being related to the maintenance of the common parts in accordance with the lease. Service charges collected are held on trust for the purpose of meeting the relevant costs in relation to the property in accordance with the provisions of section 42 of the Landlord and Tenant Act 1987.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover represents income which is collected from the residents for rent and service charges, and is applied solely for the management and upkeep of the property.

2.3

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

2.5

Creditors

Short term creditors are measured at the transaction price.

2.6

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.

2.7

Interest income

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

Page 3


GROVE LODGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 April 2024	3,000
	At 31 March 2025	3,000

The 2025 valuations were made by the directors, on an open market value for existing use basis.

Debtors

					2025	2024
					£	£


Amounts owed by tenants	652	4,953

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Amounts owed to tenants	900	900
Other creditors	22	22
Accruals and deferred income	1,465	1,356
	2,387	2,278

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

9 Ordinary shares of £10 each	90	90

Page 4


GROVE LODGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Reserves

Profit & loss account

Included within profit and loss reserves are revaluation surpluses amounting to £3,000 (2024 - £3,000).

Page 5