Registration number: 00149914

The Grove Trust Limited

Contents

Company Information	1
Accountants' Report	2
Abridged Balance Sheet	3 to 4
Notes to the Unaudited Abridged Financial Statements	5 to 9

The Grove Trust Limited

Company Information

Directors

Mary Armstrong Mrs Christine M Barber Mrs Ruth Conway Mr Mark Bloomer

Company secretary

Ian Stoner

Registered office

33 Park Road Hale Altrincham Cheshire WA15 9NW

Accountants

Batchelor and Company Accountants Limited Certified Charlton House 32 High Street Cullompton Devon EX15 1AE

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The Grove Trust Limited
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Grove Trust Limited for the year ended 31 March 2025 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practicing member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at

https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of The Grove Trust Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The Grove Trust Limited and state those matters that we have agreed to state to the Board of Directors of The Grove Trust Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/ october/factsheet-163-audit-exempt-companies.html.
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Grove Trust Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Grove Trust Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Grove Trust Limited. You consider that The Grove Trust Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of The Grove Trust Limited. We have prepared an independent examination taking into consideration the requirements of the Companies Act 2006. An examination includes a review of the accounting records kept by the company and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from the directors concerning such matters. The procedures undertaken do not provide all of the evidence that would be required in an audit, and consequently we do not express an audit opinion on the accounts.

In connection with my examination, I have reasonable cause to believe that:

(1)	In all material respects the requirements to keep accounting records and prepare accounts in accordance with Companies House 2006 have been met; and
(2)	There are no material matters which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

......................................

Batchelor and Company Accountants Limited
Certified
Charlton House
32 High Street
Cullompton
Devon
EX15 1AE

30 October 2025

The Grove Trust Limited

(Registration number: 00149914)
Abridged Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Investment property		2,375,000	1,740,000
Other financial assets	6	782,119	837,097
		3,157,119	2,577,097
Current assets
Debtors	7	38,852	24,255
Cash at bank and in hand		93,207	28,677
		132,059	52,932
Prepayments and accrued income		6,022	5,565
Creditors: Amounts falling due within one year		(35,152)	(15,643)
Net current assets		102,929	42,854
Total assets less current liabilities		3,260,048	2,619,951
Provisions for liabilities		(294,842)	-
Accruals and deferred income		(59,052)	(41,924)
Net assets		2,906,154	2,578,027
Capital and reserves
Called up share capital	8	35,000	35,000
Revaluation reserve		1,905,940	1,568,882
Retained earnings		965,214	974,145
Shareholders' funds		2,906,154	2,578,027

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

The Grove Trust Limited

(Registration number: 00149914)
Abridged Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 30 October 2025 and signed on its behalf by:
 

......................................... Mary Armstrong Director

The Grove Trust Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

1	General information

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

The address of its registered office is:
33 Park Road
Hale
Altrincham
Cheshire
WA15 9NW

These financial statements were authorised for issue by the Board on 30 October 2025.

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 abridged 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 abridged 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 any rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured.

Tax

The tax expense for the period comprises current tax.

Deferred tax liabilities are recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the revaluation reserve.

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.

The Grove Trust Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Trade debtors

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

Trade debtors are recognised initially at full realisable value.

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 at the transaction price.

Share capital

All issued shares are classified as Equity. The Balance Sheet value represents full payment for the shares at the time of issue.

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 and paid.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

4	Tangible assets

Investment properties

	2025 £
At 1 April	1,740,000
Fair value adjustments	635,000
At 31 March	2,375,000

Using all information available to them, including estimates and other information from agents located in the area of each property, the directors have looked at each individual property and arrived at a conservative value taking into account the state of the property, its location, the local conditions of that area and the status and length of the tenancies to arrive at what they consider to be a fair value for each property.

One of the investment properties has been valued as at the balance sheet date by an independent valuer.

The Grove Trust Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

5	Investments

2025 £

2024 £