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Company No: 13461252 (England and Wales)

# BALGROVE LIMITED

### Unaudited Financial Statements
For the financial year ended 05 April 2025
Pages for filing with the registrar

BALGROVE LIMITED

## Unaudited Financial Statements

For the financial year ended 05 April 2025

Contents

BALGROVE LIMITED

## COMPANY INFORMATION

For the financial year ended 05 April 2025
BALGROVE LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 05 April 2025

DIRECTORS | Cora Binchy
| Jacqueline Helen Cheshire
| Ian Christopher Crosby
| Anton Sternberg

REGISTERED OFFICE | 22 Chancery Lane
| London
| WC2A 1LS
| United Kingdom

COMPANY NUMBER | 13461252 (England and Wales)

BALGROVE LIMITED

## BALANCE SHEET

As at 05 April 2025
BALGROVE LIMITED

## BALANCE SHEET (continued)

As at 05 April 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 33,130 |  | 47,558
|  | 33,130 |  | 47,558
Current assets |  |  |  |
Debtors | 4 | 2,115,134 |  | 1,017,738
Cash at bank and in hand |  | 141,689 |  | 137,657
|  | 2,256,823 |  | 1,155,395
Creditors: amounts falling due within one year | 5 | ( 2,137,977) |  | ( 1,110,707)
Net current assets |  | 118,846 |  | 44,688
Total assets less current liabilities |  | 151,976 |  | 92,246
Net assets |  | 151,976 |  | 92,246
Capital and reserves |  |  |  |
Called-up share capital |  | 1 |  | 1
Profit and loss account |  | 151,975 |  | 92,245
Total shareholder's funds |  | 151,976 |  | 92,246

For the financial year ending 05 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Balgrove Limited (registered number: 13461252) were approved and authorised for issue by the Board of Directors on 05 January 2026. They were signed on its behalf by:

Cora Binchy Director |

BALGROVE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2025
BALGROVE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Balgrove Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

The company provides household services as employers of domestic personnel. Turnover is recognised in the accounting period in which services are provided at fair value of the consideration received when the outcome of the contract can be estimated reliably, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the company during the year, including directors | 29 |  | 20

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 06 April 2024 | 72,138 |  | 72,138
At 05 April 2025 | 72,138 |  | 72,138
Accumulated depreciation |  |  |
At 06 April 2024 | 24,580 |  | 24,580
Charge for the financial year | 14,428 |  | 14,428
At 05 April 2025 | 39,008 |  | 39,008
Net book value |  |  |
At 05 April 2025 | 33,130 |  | 33,130
At 05 April 2024 | 47,558 |  | 47,558

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 2,115,134 |  | 1,017,738

Other debtors have been determined by the directors of the Company to be fully recoverable.

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 886,448 |  | 258,065
Amounts owed to parent undertakings (note 6) | 153,493 |  | 174,619
Taxation and social security | 149,546 |  | 117,545
Other creditors | 948,490 |  | 560,478
| 2,137,977 |  | 1,110,707

#### 6. Related party transactions

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Cayton Park Limited | 153,493 |  | 174,619

Cayton Park Limited (the 'parent') owns 100% of the ordinary shares of the company. At the balance sheet date, the parent has advanced loans of £153,493 (2024 - £174,619). The balance is interest free and repayable on demand.