Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28false2022-02-14No description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13913953 2022-02-13 13913953 2022-02-14 2023-02-28 13913953 2021-02-14 2022-02-13 13913953 2023-02-28 13913953 c:Director1 2022-02-14 2023-02-28 13913953 d:CurrentFinancialInstruments 2023-02-28 13913953 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13913953 d:ShareCapital 2023-02-28 13913953 d:RetainedEarningsAccumulatedLosses 2023-02-28 13913953 c:OrdinaryShareClass1 2022-02-14 2023-02-28 13913953 c:OrdinaryShareClass1 2023-02-28 13913953 c:FRS102 2022-02-14 2023-02-28 13913953 c:AuditExempt-NoAccountantsReport 2022-02-14 2023-02-28 13913953 c:FullAccounts 2022-02-14 2023-02-28 13913953 c:PrivateLimitedCompanyLtd 2022-02-14 2023-02-28 13913953 6 2022-02-14 2023-02-28 13913953 2 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13913953









JOHN GRIFFIN ENTERPRISES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 28 FEBRUARY 2023

 
JOHN GRIFFIN ENTERPRISES LIMITED
REGISTERED NUMBER: 13913953

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
Note
£

Fixed assets
  

Investments
 4 
308,624

Current assets
  

Debtors: amounts falling due within one year
 5 
8,682

Cash at bank and in hand
  
202,128

  
210,810

Creditors: amounts falling due within one year
 7 
(509,225)

Net current (liabilities)/assets
  
 
 
(298,415)

Total assets less current liabilities
  
10,209

  

Net assets
  
10,209


Capital and reserves
  

Called up share capital 
 8 
100

Profit and loss account
  
10,109

Total equity
  
10,209


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

J Griffin
Director
Date: 16 November 2023

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
JOHN GRIFFIN ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

1.


General information

John Griffin Enterprises Limited is a private company limited by shares and registered in England and Wales. Its registered office address is Aston House, Cornwall Avenue, London, N3 1LF.
The financial statements are presented in Sterling (£), rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial
statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue represents interest payable on loans made by the company.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.5

Valuation of investments

Unlisted investments, being financing loans made to unrelated businesses, are measured at cost less accumulated impairment

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 2

 
JOHN GRIFFIN ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

  
2.10

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.

Page 3

 
JOHN GRIFFIN ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


Additions
466,571


Disposals
(157,947)



At 28 February 2023
308,624






Net book value



At 28 February 2023
308,624


5.


Debtors

2023
£


Prepayments and accrued income
8,682



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
202,128



7.


Creditors: Amounts falling due within one year

2023
£

Corporation tax
2,371

Other creditors
499,900

Accruals and deferred income
6,954

509,225


Page 4

 
JOHN GRIFFIN ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

8.


Share capital

2023
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


On incorporation 100 £1.00 Ordinary shares were called up and fully paid.

 
Page 5