REGISTERED NUMBER: 02404533 (England and Wales)

Financial Statements

for the Year Ended 30 September 2025

for

Ivygrove Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J S Blount

N J Blount

R A Blount

V A Ashton

SECRETARY:

A M Foulke ACA

REGISTERED OFFICE:

Racecourse Industrial Park

Mansfield Road

Derby

DE21 4SX

REGISTERED NUMBER:

02404533 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

107,864

88,386

CURRENT ASSETS

Debtors

5

3,352,969

2,917,513

Cash at bank

107,635

-

3,460,604

2,917,513

CREDITORS

Amounts falling due within one year

6

1,559,779

1,496,555

NET CURRENT ASSETS

1,900,825

1,420,958

TOTAL ASSETS LESS CURRENT LIABILITIES

2,008,689

1,509,344

CREDITORS

Amounts falling due after more than one year

7

(22,801

)

(20,071

)

PROVISIONS FOR LIABILITIES

(27,000

)

(22,000

)

NET ASSETS

1,958,888

1,467,273

CAPITAL AND RESERVES

Called up share capital

60

60

Retained earnings

1,958,828

1,467,213

SHAREHOLDERS' FUNDS

1,958,888

1,467,273

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2026 and were signed on its behalf by:

J S Blount - Director

1.	STATUTORY INFORMATION

Ivygrove 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.

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.

Turnover

Turnover represents the invoiced value of completed property sales and rental income, excluding value added tax. Property sales are recognised on the completion date of the property sale. Rental income receivable is accounted for in the year in which the property is rented.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 October 2024

74,800

33,075

107,875

Additions

34,376

7,995

42,371

At 30 September 2025

109,176

41,070

150,246

DEPRECIATION

At 1 October 2024

11,220

8,269

19,489

Charge for year

14,693

8,200

22,893

At 30 September 2025

25,913

16,469

42,382

NET BOOK VALUE

At 30 September 2025

83,263

24,601

107,864

At 30 September 2024

63,580

24,806

88,386

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,450,015

1,384,663

Other debtors

105,868

162,610

Amount due from related company

1,730,000

1,370,000

Directors' loan accounts

1,796

-

Prepayments and accrued income

65,290

240

3,352,969

2,917,513

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

47,849

Hire purchase contracts

22,817

10,415

Trade creditors

966,103

1,167,327

Tax

159,010

19,253

Social security and other taxes

363,534

178,097

Other creditors

23,615

12,320

Accrued expenses

24,700

61,294

1,559,779

1,496,555

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

22,801

20,071

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

-

47,849

Hire purchase contracts

45,618

30,486

45,618

78,335

The bank overdraft is secured by a fixed and floating charge over the assets of the company.

Hire purchase is secured on the related assets.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year net advances of £1,796 were made to a director. This amount is interest free and repayable on demand.