Registration number: 05895523

Grove Properties Group Limited

(Registration number: 05895523)
Balance Sheet as at 31 August 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	25,431	30,875
Current assets
Debtors	5	268,904	275,235
Cash at bank and in hand		464,434	373,837
		733,338	649,072
Creditors: Amounts falling due within one year	6	(193,995)	(219,693)
Net current assets		539,343	429,379
Total assets less current liabilities		564,774	460,254
Provisions for liabilities		(6,358)	(7,718)
Net assets		558,416	452,536
Capital and reserves
Called up share capital	7	4	4
Retained earnings		558,412	452,532
Shareholders' funds		558,416	452,536

For the financial year ending 31 August 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 October 2026
 

......................................... DA Grove Director

Grove Properties Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2026

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
129 Worcester Road
Hagley
Worcestershire
DY9 0NN
England

These financial statements were authorised for issue by the director on 14 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Grove Properties Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Improvements to property	25 years over the lease of the life
Fixtures & Fittings	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Grove Properties Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2026

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 21 (2025 - 17).

Grove Properties Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2026

4	Tangible assets

	Improvements to property £	Fixtures and fittings £	Total £
Cost or valuation
At 1 September 2025	59,940	43,199	103,139
At 31 August 2026	59,940	43,199	103,139
Depreciation
At 1 September 2025	32,734	39,530	72,264
Charge for the year	4,527	917	5,444
At 31 August 2026	37,261	40,447	77,708
Carrying amount
At 31 August 2026	22,679	2,752	25,431
At 31 August 2025	27,206	3,669	30,875

5

Debtors

Current	Note	2026 £	2025 £
Trade debtors		114,012	89,231
Amounts owed by related parties	8	148,748	173,048
Prepayments		6,144	12,956
		268,904	275,235

6

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	9,230	12,348
Taxation and social security	163,666	179,273
Accruals and deferred income	17,985	25,485
Other creditors	3,114	2,587
	193,995	219,693

Grove Properties Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2026

7	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary A of £1 each	1	1	1	1
Ordinary B of £1 each	1	1	1	1
Ordinary C of £1 each	2	2	2	2
	4	4	4	4

8	Related party transactions

Summary of transactions with parent

Dean Grove Holdings Limited
During the year dividends of £150,000 (2025 - £100,000) were paid to Dean Grove Holdings Limited. At the balance sheet date the amount owed to Grove Properties Group Limited was £148,748 (2025 - £173,048)

9	Parent and ultimate parent undertaking

The company's immediate parent is Dean Grove Holdings Limited, incorporated in England & Wales.