Company Registration No. 01758104 (England and Wales)
Lime Grove Developments Limited
Unaudited accounts
for the year ended 28 February 2026
Lime Grove Developments Limited
Statement of financial position
as at 28 February 2026
Investment property
5,500,000
4,527,867
Cash at bank and in hand
150,768
160,910
Creditors: amounts falling due within one year
(94,032)
(95,522)
Net current assets
79,341
98,788
Total assets less current liabilities
5,579,341
4,626,655
Creditors: amounts falling due after more than one year
(1,190,000)
(1,197,265)
Provisions for liabilities
Net assets
4,228,690
3,429,390
Called up share capital
6,400
6,400
Revaluation reserve
3,275,984
2,464,502
Profit and loss account
946,306
958,488
Shareholders' funds
4,228,690
3,429,390
For the year ending 28 February 2026 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 May 2026 and were signed on its behalf by
SC Hayter
Director
Company Registration No. 01758104
Lime Grove Developments Limited
Notes to the Accounts
for the year ended 28 February 2026
Lime Grove Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 01758104. The registered office is Suites 15 & 16, Peek Business Centre, Woodside Industrial Estate, Dunmow Road, Bishops Stortford, Herts., CM23 5RG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.
Rents (net of void losses) are recognised from the date the property is first let. Invoices are raised monthly or quarterly in advance and so adjustment is made in the financial statements to recognise only income related to the financial year under review.
Investment property is carried at fair value determined by the Directors or external valuers and derived from current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, locartion or condition of the specific asset. No amortisation is provided. Changes in the fair value are recognised in the income statement. Deferred taxation is not provided on these gains.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Over 10 years
Lime Grove Developments Limited
Notes to the Accounts
for the year ended 28 February 2026
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 March 2025
4,527,867
Net gain from fair value adjustments
972,133
At 28 February 2026
5,500,000
The 2026 valuations were made by the directors, on an open market value for existing use basis.
If the investment property had been accounted for under the historic cost accounting rules, the property would have been measured as £2,063,365 (2025: £2,063,365).
Amounts falling due within one year
Trade debtors
12,940
13,995
Amounts due from group undertakings etc.
2,465
19,132
7
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
8,030
9,932
Taxes and social security
26,316
28,986
Other creditors
13,750
13,750
Deferred income
23,469
22,466
Lime Grove Developments Limited
Notes to the Accounts
for the year ended 28 February 2026
8
Creditors: amounts falling due after more than one year
2026
2025
Bank loans
1,190,000
1,197,265
Secured liabilities included above in Bank loans is £1,190,000 (2025: £1,190,000) secured by a Handelsbanken mortgage over the property known as Lime Grove Estate, Falconer Road, Haverhill, Suffolk, CB9 7XU and its associated assets.
9
Deferred taxation
2026
2025
Revaluation of investment property
160,651
-
Charged to the profit and loss account
160,651
-
Provision at end of year
160,651
-
10
Transactions with related parties
During the year the Company entered into the following transactions with Grosvenor Fabrications Ltd, a company in which SC Hayter, JSC Hayter and SE Hayter are directors and shareholders.
Rent received £65,535 (2025: £62,035) and interest received on a loan £1,333 (2025: £2,667).
Management fees paid of £15,000 (2025: £15,000).
Included in debtors at the year end is a loan of £2,465 (2025: £19,132).
Included in creditors at the year end is deferred income of £4,698 (2025: £4,457).
11
Average number of employees
During the year the average number of employees was 4 (2025: 4).