GROVEMOOR PROPERTIES LIMITED


Director	CRAWFORD, L M


Company Secretary	CRAWFORD, L M


Registered Address	22 Pendicle Road
	Bearsden
	Glasgow
	G61 1DY


Registered Number	SC208332 (Scotland)

Statement of Financial Position
31 October 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,091		329
Investment property	4		600,000		600,000
			601,091		600,329
Current assets
Debtors	5	1,236		-
Cash at bank and on hand		7,609		12,032
		8,845		12,032
Creditors amounts falling due within one year	6	(32,571)		(31,639)
Net current assets (liabilities)			(23,726)		(19,607)
Total assets less current liabilities			577,365		580,722
Creditors amounts falling due after one year	7		(316,073)		(340,345)
Net assets			261,292		240,377
Capital and reserves
Called up share capital			210,184		210,184
Share premium			240,020		240,020
Other reserves			347,041		347,041
Profit and loss account			(535,953)		(556,868)
Shareholders' funds			261,292		240,377

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 18 May 2026, and are signed on its behalf by:

CRAWFORD, L M
Director
Registered Company No. SC208332

GROVEMOOR PROPERTIES LIMITED

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page. The company's principal activity during the period continued to be that of an investment property management company.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Judgements and key sources of estimation uncertainty
	In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

	Turnover policy
	Turnover, being rental income and outlays recoverable from tenants of the Investment Properties.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Office Equipment	25

	Investment property
	Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

	Trade and other 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.

Trade and other 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.

	Trade and other 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.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 November 24	898	898
Additions	1,125	1,125
At 31 October 25	2,023	2,023
Depreciation and impairment
At 01 November 24	569	569
Charge for year	363	363
At 31 October 25	932	932
Net book value
At 31 October 25	1,091	1,091
At 31 October 24	329	329

4.	Investment property
	The investment property is carried at an open market value of £600,000. This valuation represents the Director's opinion of fair value as at 31 October 2025.


		£
	Fair value at 01 November 24	600,000
	At 31 October 25	600,000

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	1,236	-
Total	1,236	-

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	2,612	2,995
Bank borrowings and overdrafts	13,043	-
Taxation and social security	2,810	2,853
Other creditors	-	5,120
Accrued liabilities and deferred income	14,106	20,671
Total	32,571	31,639


	The bank loan included in creditors is secured by a fixed and floating charge over the company's assets.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	124,423	148,695
Other creditors	191,650	191,650
Total	316,073	340,345


	The bank loan included above is secured by a fixed and floating charge over the company's assets.

8.	Directors advances, credits and guarantees
	Creditors: Amounts Due After One Year includes £191,650 (2024: £191,650) due to a Director in respect of finance provided by them to the company. Interest of 7.5% per annum is charged on the loan.