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REGISTERED NUMBER: 08580939 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 JUNE 2025 |

| FOR |

| GROVE RENTAL MANAGEMENT LIMITED |

GROVE RENTAL MANAGEMENT LIMITED (REGISTERED NUMBER: 08580939) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 30 JUNE 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| GROVE RENTAL MANAGEMENT LIMITED |

COMPANY INFORMATION

for the Year Ended 30 JUNE 2025

| DIRECTORS: | Mr T A Kirkwood

| Mrs K Kirkwood

| REGISTERED OFFICE: | 12 St Nicholas Close

| Tingrith

| Beds

| MK17 9EL

| REGISTERED NUMBER: | 08580939 (England and Wales)

| ACCOUNTANTS: | Foxley Kingham

| Chartered Accountants

| 260 - 270 Butterfield

| Great Marlings

| Luton

| Bedfordshire

| LU2 8DL

GROVE RENTAL MANAGEMENT LIMITED (REGISTERED NUMBER: 08580939) |

BALANCE SHEET

30 JUNE 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 163,145 |  | 184,711 |  |

Investment property | 5 | 4,587,950 |  | 4,587,950 |  |

4,751,095 |  | 4,772,661 |  |

CURRENT ASSETS

Debtors | 6 | 210,001 |  | 100,000 |  |

Cash at bank | 33,205 |  | 96,966 |  |

243,206 |  | 196,966 |  |

CREDITORS

Amounts falling due within one year | 7 | 271,965 |  | 81,127 |  |

NET CURRENT (LIABILITIES)/ASSETS | (28,759 | ) | 115,839 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,722,336 |  | 4,888,500 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (2,682,181 | ) | (2,718,397 | ) |

PROVISIONS FOR LIABILITIES | (321,391 | ) | (321,391 | ) |

NET ASSETS | 1,718,764 |  | 1,848,712 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 329,246 |  | 429,246 |  |

Fair value reserve | 11 | 1,370,140 |  | 1,370,140 |  |

Retained earnings | 19,378 |  | 49,326 |  |

SHAREHOLDERS' FUNDS | 1,718,764 |  | 1,848,712 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GROVE RENTAL MANAGEMENT LIMITED (REGISTERED NUMBER: 08580939) |

BALANCE SHEET - continued

30 JUNE 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 March 2026 and were signed on its behalf by:

Mr T A Kirkwood - Director

Mrs K Kirkwood - Director

GROVE RENTAL MANAGEMENT LIMITED (REGISTERED NUMBER: 08580939) |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 30 JUNE 2025

1. | STATUTORY INFORMATION

| Grove Rental Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Improvements to property | - | not provided

| Plant and machinery | - | 25% on cost

| Fixtures and fittings | - | 25% on cost

| Motor vehicles | - | 25% on cost

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

| The gain or loss arising on disposal of an asset is determined at the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

GROVE RENTAL MANAGEMENT LIMITED (REGISTERED NUMBER: 08580939) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 JUNE 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| to |  | Plant and |  | and |  | Motor |

| property |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 July 2024 | 152,000 |  | 10,069 |  | 26,116 |  | 89,285 |  | 277,470 |  |

| Additions | - |  | 1,247 |  | - |  | - |  | 1,247 |  |

| At 30 June 2025 | 152,000 |  | 11,316 |  | 26,116 |  | 89,285 |  | 278,717 |  |

| DEPRECIATION

| At 1 July 2024 | - |  | 9,452 |  | 26,116 |  | 57,191 |  | 92,759 |  |

| Charge for year | - |  | 491 |  | - |  | 22,322 |  | 22,813 |  |

| At 30 June 2025 | - |  | 9,943 |  | 26,116 |  | 79,513 |  | 115,572 |  |

| NET BOOK VALUE

| At 30 June 2025 | 152,000 |  | 1,373 |  | - |  | 9,772 |  | 163,145 |  |

| At 30 June 2024 | 152,000 |  | 617 |  | - |  | 32,094 |  | 184,711 |  |

GROVE RENTAL MANAGEMENT LIMITED (REGISTERED NUMBER: 08580939) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 JUNE 2025

4. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 39,090 |  |

| DEPRECIATION

| At 1 July 2024 | 19,545 |  |

| Charge for year | 9,773 |  |

| At 30 June 2025 | 29,318 |  |

| NET BOOK VALUE

| At 30 June 2025 | 9,772 |  |

| At 30 June 2024 | 19,545 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 July 2024

| and 30 June 2025 | 4,587,950 |  |

| NET BOOK VALUE

| At 30 June 2025 | 4,587,950 |  |

| At 30 June 2024 | 4,587,950 |  |

| Fair value at 30 June 2025 is represented by:

£ |

| Valuation in 2025 | 4,587,950 |  |

| If investment properties had not been revalued they would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 2,896,419 |  | 2,896,419 |  |

| Investment properties were valued on an open market basis on 30 June 2021 by the directors. .

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 210,001 |  | 100,000 |  |

GROVE RENTAL MANAGEMENT LIMITED (REGISTERED NUMBER: 08580939) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 JUNE 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 10,000 |  | 10,000 |  |

| Hire purchase contracts | 26,216 |  | 5,762 |  |

| Trade creditors | 1,579 |  | 13,099 |  |

| Taxation and social security | 16,730 |  | 14,560 |  |

| Other creditors | 217,440 |  | 37,706 |  |

271,965 |  | 81,127 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 2,682,181 |  | 2,692,181 |  |

| Hire purchase contracts | - |  | 26,216 |  |

2,682,181 |  | 2,718,397 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more than 5 years | 2,681,348 |  | 2,681,348 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 26,216 |  | 31,978 |  |

| Mortgage are secured against the investment properties.

| Hire purchase agreements are secured against the individual assets they relate to.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 164,623 | Ordinary | £1 | 164,623 |  | 214,623 |  |

| 164,623 | B Ordinary | £1 | 164,623 |  | 214,623 |  |

329,246 |  | 429,246 |  |

GROVE RENTAL MANAGEMENT LIMITED (REGISTERED NUMBER: 08580939) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 JUNE 2025

10. | CALLED UP SHARE CAPITAL - continued

| On 25 October 2024 the share capital has reduced to 164623 Ordinary £1 shares and 164623 B Ordinary £1 shares.

| All shares rank pari-pasu in relation to voting rights and dividends.

11. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 July 2024

| and 30 June 2025 | 1,370,140 |  |