REGISTERED NUMBER: 08911179 (England and Wales)

BOURNE GROVE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

602

53

Investment property

5

1,450,000

1,450,000

1,450,602

1,450,053

CURRENT ASSETS

Debtors

6

1,295

1,259

Cash at bank

1,547

1,603

2,842

2,862

CREDITORS

Amounts falling due within one year

7

945,797

982,040

NET CURRENT LIABILITIES

(942,955

)

(979,178

)

TOTAL ASSETS LESS CURRENT LIABILITIES

507,647

470,875

PROVISIONS FOR LIABILITIES

63,381

63,381

NET ASSETS

444,266

407,494

CAPITAL AND RESERVES

Called up share capital

50

50

Retained earnings

444,216

407,444

444,266

407,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 12 August 2026 and were signed on its behalf by:

Mr P Wharton - Director

1.	STATUTORY INFORMATION

Bourne Grove Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08911179

Registered office:

6-7 Castle Gate

Castle Street

Hertford

Hertfordshire

SG14 1HD

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.

Plant and machinery

-

Reducing balance over 5 years

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 Profit and Loss Account, 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2025

500

Additions

699

At 31 March 2026

1,199

DEPRECIATION

At 1 April 2025

447

Charge for year

150

At 31 March 2026

597

NET BOOK VALUE

At 31 March 2026

602

At 31 March 2025

53

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

1,450,000

NET BOOK VALUE

At 31 March 2026

1,450,000

At 31 March 2025

1,450,000

The four properties were purchased between 2014 and 2017 and revalued by the directors in 2026. The directors have not undertaken a further revaluation as they consider the current valuations to be of fair value.

Fair value at 31 March 2026 is represented by:

£

Valuation in 2021

1,196,528

Valuation in 2022

253,472

1,450,000

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

2026

2025

£

£

Cost

1,196,528

1,196,528

The investment properties were valued on an open market basis on 31 March 2026 by the directors. .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

1,295

1,259

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

79

6,287

Other creditors

945,718

975,753

945,797

982,040

8.	RELATED PARTY DISCLOSURES

The directors loaned the company money. There was no set repayment date and no interest is charged. The company owed Mr P Wharton £733,325 and Mrs K Wharton £210,981(2024: £763,925 and £210,481 respectively) at the year end.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Wharton by virtue of his majority shareholding.