Registration number: 07918392

Grocott Developments Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Grocott Developments Ltd

Company Information

Directors

D V Grocott D H McGowan L M Grocott

Company secretary

K Grocott

Registered office

Brookdale Station Road Prees Shropshire SY13 2DW

Accountants

CBSL Accountants Limited Chartered Accountants Rowan House North 1 The Professional Quarter Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

Grocott Developments Ltd

(Registration number: 07918392)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	3,057,224	3,027,591
Investment property	5	4,008,321	3,985,099
Investments	6	56,677	56,677
Other financial assets	7	1,000,000	1,000,000
		8,122,222	8,069,367
Current assets
Debtors	8	9,551,875	11,191,108
Cash at bank and in hand		207,416	223,763
		9,759,291	11,414,871
Creditors: Amounts falling due within one year	9	(1,962,127)	(2,826,181)
Net current assets		7,797,164	8,588,690
Total assets less current liabilities		15,919,386	16,658,057
Creditors: Amounts falling due after more than one year	9	(3,798,087)	(4,631,298)
Provisions for liabilities		(139,045)	(103,431)
Net assets		11,982,254	11,923,328
Capital and reserves
Called up share capital	10	11,000,040	11,000,040
Capital redemption reserve		20	20
Retained earnings		982,194	923,268
Shareholders' funds		11,982,254	11,923,328

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Grocott Developments Ltd

(Registration number: 07918392)
Balance Sheet as at 31 March 2025

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 December 2025 and signed on its behalf by:
 

D H McGowan Director

L M Grocott Director

Grocott Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Brookdale
Station Road
Prees
Shropshire
SY13 2DW

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.

Group accounts not prepared

In the opinion of the directors,the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Grocott Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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
Fixtures and fittings	25% straight line
Plant and machinery	25% straight line
Freehold buildings and improvements	2% straight line
Land	Not depreciated

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Grocott Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2024 - 13).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	2,901,291	82,057	379,278	3,362,626
Additions	36,799	7,488	67,700	111,987
Disposals	-	-	(47,245)	(47,245)
At 31 March 2025	2,938,090	89,545	399,733	3,427,368
Depreciation
At 1 April 2024	48,971	39,754	246,310	335,035
Charge for the year	23,857	9,854	48,643	82,354
Eliminated on disposal	-	-	(47,245)	(47,245)
At 31 March 2025	72,828	49,608	247,708	370,144
Carrying amount
At 31 March 2025	2,865,262	39,937	152,025	3,057,224
At 31 March 2024	2,852,320	42,303	132,968	3,027,591

Included within the net book value of land and buildings above is £2,865,262 (2024 - £2,852,320) in respect of freehold land and buildings, which includes land of £1,047,743 (2024 - £1,047,743) that is not depreciated.
 

Grocott Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Investment properties

	2025 £
At 1 April	3,985,099
Additions	23,222
At 31 March	4,008,321

The value of the investment properties at 31 March 2025 are considered to be their market value by the directors. Independent valuations have been obtained for two of the investment properties in 2021 and are reflected in the above figures.

6	Investments

	2025 £	2024 £
Investments in subsidiaries	56,677	56,677