Grove Surgery Ltd - Filleted accounts

Registered number

09231793

Grove Surgery Ltd

Filleted Accounts

31 March 2025

Grove Surgery Ltd
Registered number:		09231793
Balance Sheet
as at 31 March 2025

Notes		2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		886,748		886,748
Tangible assets	4		225,474		229,150
			1,112,222		1,115,898

Current assets
Stocks		3,500		3,500
Debtors	5	1,939,228		1,601,477
Cash at bank and in hand		167,314		83,112
		2,110,042		1,688,089

Creditors: amounts falling due within one year	6	(228,034)		(236,485)

Net current assets			1,882,008		1,451,604

Net assets			2,994,230		2,567,502

Capital and reserves
Called up share capital			100		100
Profit and loss account			2,994,130		2,567,402

Shareholders' funds			2,994,230		2,567,502

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




C E O'Shea
Director
Approved by the board on 18 December 2025

Grove Surgery Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment		20% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.





	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees			2025	2024
				Number	Number

	Average number of persons employed by the company			15	15


3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 April 2024				886,748
	At 31 March 2025				886,748

	Amortisation
	At 31 March 2025				-

	Net book value
	At 31 March 2025				886,748
	At 31 March 2024				886,748


















4	Tangible fixed assets
		Land and buildings	Plant and machinery etc	Motor vehicles	Total
		£	£	£	£
	Cost
	At 1 April 2024	186,792	176,022	68,351	431,165
	Additions	-	-	4,795	4,795
	At 31 March 2025	186,792	176,022	73,146	435,960

	Depreciation
	At 1 April 2024	-	138,243	63,772	202,015
	Charge for the year	-	6,479	1,992	8,471
	At 31 March 2025	-	144,722	65,764	210,486

	Net book value
	At 31 March 2025	186,792	31,300	7,382	225,474
	At 31 March 2024	186,792	37,779	4,579	229,150


5	Debtors			2025	2024
				£	£

	Trade debtors			77,664	63,107
	Other debtors			1,861,564	1,538,370
				1,939,228	1,601,477


6	Creditors: amounts falling due within one year			2025	2024
				£	£

	Bank loans and overdrafts			12,237	22,450
	Trade creditors			22,721	31,843
	Taxation and social security costs			193,076	182,192
				228,034	236,485


7	Loans to directors
	Description and conditions	B/fwd	Paid	Repaid	C/fwd
		£	£	£	£
	JB O'Shea
	Directors loans	237,715	276,980	(200,000)	314,695

		237,715	276,980	(200,000)	314,695

	Interest is charged on the loan at 2.25%. The loan is repayable on demand.



8	Related party transactions

	At the year end, the company was owed £1,540,655 by AE Holdings Ltd. A company under common control.

9	Controlling party

	There is no controlling party.


10	Other information

	Grove Surgery Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	14 Plymouth Road
	Penarth
	Wales
	CF64 3DH