Registration number: 14307256

McGowan Grocott Land & Property Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

McGowan Grocott Land & Property Limited

Company Information

Directors

D V Grocott L M Grocott D H McGowan

Company secretary

H J 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

McGowan Grocott Land & Property Limited

(Registration number: 14307256)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	33,213	38,889
Current assets
Debtors	5	820,126	466,433
Cash at bank and in hand		12,530	81,453
		832,656	547,886
Creditors: Amounts falling due within one year	6	(446,653)	(421,574)
Net current assets		386,003	126,312
Total assets less current liabilities		419,216	165,201
Provisions for liabilities		(8,303)	(9,722)
Net assets		410,913	155,479
Capital and reserves
Called up share capital	7	300	300
Retained earnings		410,613	155,179
Shareholders' funds		410,913	155,479

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.

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

McGowan Grocott Land & Property 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.

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.

McGowan Grocott Land & Property 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
Motor vehicles	20% straight line
Office equipment	25% straight line
Furniture and fittings	20% straight line

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 5 (2024 - 4).

McGowan Grocott Land & Property Limited

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

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	-	48,611	48,611
Additions	4,407	-	4,407
At 31 March 2025	4,407	48,611	53,018
Depreciation
At 1 April 2024	-	9,722	9,722
Charge for the year	361	9,722	10,083
At 31 March 2025	361	19,444	19,805
Carrying amount
At 31 March 2025	4,046	29,167	33,213
At 31 March 2024	-	38,889	38,889

5

Debtors

Current	Note	2025 £	2024 £
Trade debtors		77,760	48,596
Amounts owed by related parties	8	238,068	326,501
Prepayments		4,335	-
Other debtors		499,963	91,336
		820,126	466,433

McGowan Grocott Land & Property Limited

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

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	4,748	1,920
Taxation and social security	133,154	82,740
Accruals and deferred income	35,090	11,654
Other creditors	273,661	325,260
	446,653	421,574

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A of £1 each	200	200	200	200
Ordinary B of £1 each	50	50	50	50
Ordinary C of £1 each	50	50	50	50
	300	300	300	300

8	Related party transactions

At 31 March 2025 there was a total balance of £315,828 (2024 - £375,097) due to the parent company, Grocott Developments Limited, which is in debtors.

At 31 March 2025 there was a balance of £273,661 (2024 - £325,260) due to the directors and their close family, which is included in Other creditors. This balance is unsecured, accruing interest at 3.5% over base rate and has no fixed terms of repayment.

9	Parent and ultimate parent undertaking

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