Grove Park Sports Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14088264

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		871,045		850,828

			871,045		850,828
CURRENT ASSETS
Stocks	5	8,623		9,150
Debtors		32,327		42,219
Cash at bank and in hand		161,544		157,393

		202,494		208,762
Creditors: Amounts Falling Due Within One Year		(318,601 )		(334,030 )

NET CURRENT ASSETS (LIABILITIES)			(116,107 )		(125,268 )

TOTAL ASSETS LESS CURRENT LIABILITIES			754,938		725,560

Creditors: Amounts Falling Due After More Than One Year	6		(433,658 )		(424,402 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	7		(14,557 )		(9,303 )

NET ASSETS			306,723		291,855

RESERVES
Revaluation reserve	8		152,161		152,161
Income and Expenditure Account			154,562		139,694

MEMBERS' FUNDS			306,723		291,855

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Grove Park Sports Limited

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 2025 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Mr Andrew Bridgman Director	Mr Ian Brown Director
17/08/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Grove Park Sports Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 14088264 . The registered office is Grove Park, Grove Lane, Cheadle Hulme, Cheshire, SK8 7NB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Buildings are not currently depreciated as residual value is considered to be not less than cost.
Plant & Machinery	20% straight line per annum.

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Grove Park Sports Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in surplus or deficit for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees during the pperiod was: 12 (2024: 12)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
Cost or Valuation
As at 1 September 2024	767,235	102,757	869,992
Additions	-	38,805	38,805

As at 31 August 2025	767,235	141,562	908,797

Depreciation
As at 1 September 2024	-	19,164	19,164
Provided during the period	-	18,588	18,588

As at 31 August 2025	-	37,752	37,752

Net Book Value
As at 31 August 2025	767,235	103,810	871,045

As at 1 September 2024	767,235	83,593	850,828

Cost or valuation as at 31 August 2025 represented by:

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
At cost	767,235	141,562	908,797

	767,235	141,562	908,797

include the cost or valuation arising from the transfer of assets as at 31st August 2022 of the following amounts:

Freehold Land & Property £648,902

Plant & Machinery £9,203.

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Grove Park Sports Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

5. Stocks

	2025	2024
	£	£
Stock	8,623	9,150

6. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Members loans	26,000	26,000
Other loan	100,000	100,000
Members loans - Capital Raising Scheme	307,658	298,402

	433,658	424,402

The other loan above of £100,000 is a non-repayable event loan and carries no interest. The trigger event being if the assets of the company were sold, the loan would become repayable and carry a retrospective commercial interest rate.

7. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	14,557	9,303

8. Reserves

	Revaluation reserve	Income and Expenditure Account
	£	£
As at 1 September 2024	152,161	139,694
Profit for the year and total comprehensive income	-	14,868

As at 31 August 2025	152,161	154,562

The reserves and surpluses of the company would be distributed to sports club's or other organisations carrying on similar sporting activities in the event of the company being wound up.

9. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

10. Transfer of Assets and Liabilities.

On the 31st August 2022, Machester Football Club and Cheadle Hulme Cricket Club, an unicorporated members association, transferred all of its assets and liabilities to the company in a reorganisation scheme.

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