Registration number: 11002211

Grocott Developments (Higher Heath) Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Grocott Developments (Higher Heath) Limited

Company Information

Directors

D V Grocott L M Grocott D H McGowan

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 (Higher Heath) Limited

(Registration number: 11002211)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	183,882	189,441
Investment property	5	1,293,146	1,292,280
		1,477,028	1,481,721
Current assets
Stocks and work in progress	6	1,263,572	1,936,423
Debtors	7	153,396	201,859
Cash at bank and in hand		995,817	519,884
		2,412,785	2,658,166
Creditors: Amounts falling due within one year	8	(2,802,068)	(2,640,372)
Net current (liabilities)/assets		(389,283)	17,794
Total assets less current liabilities		1,087,745	1,499,515
Provisions for liabilities		(47,090)	(47,360)
Net assets		1,040,655	1,452,155
Capital and reserves
Called up share capital	9	120	120
Retained earnings		1,040,535	1,452,035
Shareholders' funds		1,040,655	1,452,155

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 (Higher Heath) Limited

(Registration number: 11002211)
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:
 

L M Grocott Director

D H McGowan Director

Grocott Developments (Higher Heath) Limited

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.

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.

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.

Grocott Developments (Higher Heath) Limited

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

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
Plant and equipment	Over 20 years straight line

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.

Stocks and work in progress

Stocks and work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks and work in progress are assessed for impairment. If stocks and work in progress are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

Grocott Developments (Higher Heath) Limited

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

4	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	245,546	245,546
Additions	7,056	7,056
Disposals	(280)	(280)
At 31 March 2025	252,322	252,322
Depreciation
At 1 April 2024	56,105	56,105
Charge for the year	12,335	12,335
At 31 March 2025	68,440	68,440
Carrying amount
At 31 March 2025	183,882	183,882
At 31 March 2024	189,441	189,441

5	Investment properties

	2025 £
At 1 April	1,292,280
Additions	866
At 31 March	1,293,146

In the opinion of the directors, the open market valuation of the investment properties at the balance sheet date is not materially dissimilar to the cost at which they are included.

6	Stocks and work in progress

	2025 £	2024 £
Work in progress	1,263,572	1,936,423

Grocott Developments (Higher Heath) Limited

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

7

Debtors

Current	2025 £	2024 £
Trade debtors	1,900	-
Prepayments	17,567	15,404
Other debtors	133,929	186,455
	153,396	201,859

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		460,897	306,888
Amounts owed to group undertakings and undertakings in which the company has a participating interest		1,430,758	1,936,673
Taxation and social security		236,169	46,779
Accruals and deferred income		674,244	350,032
		2,802,068	2,640,372

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	120	120	120	120

10	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £3,140,374 (2024 - £528,000).

11	Parent and ultimate parent undertaking

The company's immediate parent is Grocott Developments Limited, incorporated in England and Wales.