Financial Statements
For the year ended 31 March 2025
Registered number: 09490571
Company Information
Contents
Strategic report
For the year ended 31 March 2025
During the year the Company saw a decrease in income from investments from £1,711,093 to £353,530. This is mainly driven by a lower dividend declaration from prior year. Underlying investments continued to show strong performance despite the decreased income received during the year.
The Company has a framework through its policies, procedures and internal controls to identify risks to the business. The board approves all policies and these are reviewed on an ongoing basis by management. Compliance, legal and ethical standards are high priorities of the Company. The board and finance department monitor these important areas.
The management board monitors the progress of the company using the following KPI:
The Company makes little use of financial instruments other than an operational bank account and so its exposure to price risk, credit risk, liquidity risk and cashflow is not material for the assessment of the assets, liabilities, financial position and profit and loss of the Company.
The board is responsible for ensuring proper internal controls and framework exist and operates effectively in the management of risk to the business.
This report was approved by the board and signed on its behalf.
Page 1
Director's report
For the year ended 31 March 2025
The director presents his report and the financial statements for the year ended 31 March 2025 .
The profit for the year, after taxation, amounted to £352,530 (2024: £1,711,093 ).
Dividends paid during the year amounted to £352,530 (2024: £1,711,093).
The director who served during the year and his interest in the Company's issued share capital was:
There are no branches of the Company outside the UK.
The Company did not engage in research and development activities during the years ended 31 March 2025 and 2024.
The Company does not have any employees as such no policy is in place.
There have been no significant events affecting the Company since the year end.
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Director's report (continued)
For the year ended 31 March 2025
The auditor, Grant Thornton, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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Director's responsibilities statement
For the year ended 31 March 2025
......................................................
John Bernard McCauley
Director
Date: 19 December 2025
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Independent auditor's report to the members of Grosvenor Integrated Services Holdings Limited
We conducted our audit in accordance with International Standards on Auditing (UK) ('ISAs (UK)') and applicable law. Our responsibilities under those standards are further described in the 'Responsibilities of the auditor for the audit of the financial statements' section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, namely the FRC's Ethical Standard and the ethical pronouncements established by Chartered Accountants Ireland, applied as determined to be appropriate in the circumstances of the entity. We have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue.
Our responsibilities, and the responsibilities of the director, with respect to going concern are described in the relevant sections of this report.
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Independent auditor's report to the members of Grosvenor Integrated Services Holdings Limited (continued)
Other information comprises the information included in the Annual Report, other than the financial statements and our Auditor's report thereon, including the Director's report and the Strategic Report. The director are responsible for the other information. Our opinion on the financial statements does not cover the information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies in the financial statements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Director's report and the Strategic Report for the year for which the financial statements are prepared is consistent with the financial statements, and
∙the Director's report and the Strategic Report have been prepared in accordance with applicable legal requirements.
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Independent auditor's report to the members of Grosvenor Integrated Services Holdings Limited (continued)
The objectives of an auditor are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes their opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
A further description of an auditor's responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatement in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with ISAs (UK).
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:
Based on our understanding of the Company and industry, we identified that the principal risks of non-compliance with laws and regulations related to compliance with Data Privacy laws, Employment law, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and local tax legislation. The Audit engagement partner considered the experience and expertise of the engagement team (including industry specialists, ITGC specialists, valuation experts etc as applicable) to ensure that the team had appropriate competence and capabilities to identify or recognise non-compliance with the laws and regulation. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to manipulate financial performance and management bias through judgements and assumptions in significant accounting estimates, in particular in relation to significant one-off or unusual transactions. We apply professional scepticism through the audit to consider potential deliberate omission or concealment of significant transactions, or incomplete/inaccurate disclosures in the financial statements.
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Independent auditor's report to the members of Grosvenor Integrated Services Holdings Limited (continued)
Responsibilities of the auditor for the audit of the financial statements (continued)
Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud (continued)
In response to these principal risks, our audit procedures included but were not limited to:
∙inquiries of management on the policies and procedures in place regarding compliance with laws and regulations, including consideration of known or suspected instances of non-compliance and whether they have knowledge of any actual, suspected or alleged fraud;
∙inspection of the company's legal correspondence and review of minutes of directors' meetings during the year to corroborate inquiries made;
∙gaining an understanding of the internal controls established to mitigate risk related to fraud;
∙discussion amongst the engagement team in relation to the identified laws and regulations and regarding the risk of fraud, and remaining alert to any indications of non-compliance or opportunities for fraudulent manipulation of financial statements throughout the audit;
∙identifying and testing journal entries to address the risk of inappropriate journals and management override of controls;
∙designing audit procedures to incorporate unpredictability around the nature, timing or extent of our testing;
∙challenging assumptions and judgements made by management in their significant accounting estimates, including recognition of deferred tax assets, useful lives of depreciable assets and allowance for impairment on trade debtors; and
∙review of the financial statement disclosures to underlying supporting documentation and inquiries of management.
The primary responsibility for the prevention and detection of irregularities including fraud rests with those charged with governance and management. As with any audit, there remains a risk of non-detection or irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or override of internal controls.
This report is made solely to the Company’s members, as a body, in accordance with chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
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Independent auditor's report to the members of Grosvenor Integrated Services Holdings Limited (continued)
for and on behalf of
Chartered Accountants
Statutory Auditors
13-18 City Quay
Dublin 2
Republic of Ireland
Date:22 December 2025
Dublin 2
Republic of Ireland
Date:
Page 9
Statement of comprehensive income
For the year ended 31 March 2025
Page 10
Statement of financial position
As at 31 March 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 13 to 16 form part of these financial statements.
Page 11
Statement of changes in equity
For the year ended 31 March 2025
Statement of changes in equity
For the year ended 31 March 2024
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Notes to the financial statements
For the year ended 31 March 2025
Grosvenor Integrated Services Holdings Limited is a private limited company limited by shares, incorporated in the United Kingdom. The registered office is Unit 2d Barkers Yard, Heather Road, Skegness, PE25 3SR, England.
2.Accounting policies
The following principal accounting policies have been applied:
Page 13
Notes to the financial statements
For the year ended 31 March 2025
2.Accounting policies (continued)
Impairment of financial assets
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Notes to the financial statements
For the year ended 31 March 2025
Page 15
Notes to the financial statements
For the year ended 31 March 2025
Page 16