Silverfin false 28/02/2023 01/03/2022 28/02/2023 M A Griffiths 30/07/2002 P R Griffiths 30/07/2002 24 November 2023 The principal activity of the Company during the financial year was holding an investment property. 04220856 2023-02-28 04220856 bus:Director1 2023-02-28 04220856 bus:Director2 2023-02-28 04220856 2022-02-28 04220856 core:CurrentFinancialInstruments 2023-02-28 04220856 core:CurrentFinancialInstruments 2022-02-28 04220856 core:ShareCapital 2023-02-28 04220856 core:ShareCapital 2022-02-28 04220856 core:RevaluationReserve 2023-02-28 04220856 core:RevaluationReserve 2022-02-28 04220856 core:RetainedEarningsAccumulatedLosses 2023-02-28 04220856 core:RetainedEarningsAccumulatedLosses 2022-02-28 04220856 2022-03-01 2023-02-28 04220856 bus:FullAccounts 2022-03-01 2023-02-28 04220856 bus:SmallEntities 2022-03-01 2023-02-28 04220856 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 04220856 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 04220856 bus:Director1 2022-03-01 2023-02-28 04220856 bus:Director2 2022-03-01 2023-02-28 04220856 2021-03-01 2022-02-28 iso4217:GBP xbrli:pure

Company No: 04220856 (England and Wales)

GRIFFITHS BROTHERS PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 28 February 2023
Pages for filing with the registrar

GRIFFITHS BROTHERS PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 28 February 2023

Contents

GRIFFITHS BROTHERS PROPERTIES LIMITED

COMPANY INFORMATION

For the financial year ended 28 February 2023
GRIFFITHS BROTHERS PROPERTIES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 28 February 2023
DIRECTORS M A Griffiths
P R Griffiths
REGISTERED OFFICE 3 Filers Way
Weston Gateway Business Park
Weston-Super-Mare
BS24 7JP
United Kingdom
COMPANY NUMBER 04220856 (England and Wales)
CHARTERED ACCOUNTANTS Albert Goodman LLP
3 Filers Way
Weston Gateway Business Park
Weston-super-Mare
Somerset
BS24 7JP
GRIFFITHS BROTHERS PROPERTIES LIMITED

BALANCE SHEET

As at 28 February 2023
GRIFFITHS BROTHERS PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 28 February 2023
Note 2023 2022
£ £
Fixed assets
Investment property 3 325,000 325,000
325,000 325,000
Current assets
Cash at bank and in hand 2,391 1,197
2,391 1,197
Creditors: amounts falling due within one year 4 ( 93,020) ( 100,861)
Net current liabilities (90,629) (99,664)
Total assets less current liabilities 234,371 225,336
Net assets 234,371 225,336
Capital and reserves
Called-up share capital 2 2
Revaluation reserve 108,743 108,743
Profit and loss account 125,626 116,591
Total shareholders' funds 234,371 225,336

For the financial year ending 28 February 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Griffiths Brothers Properties Limited (registered number: 04220856) were approved and authorised for issue by the Board of Directors on 24 November 2023. They were signed on its behalf by:

M A Griffiths
Director
P R Griffiths
Director
GRIFFITHS BROTHERS PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
GRIFFITHS BROTHERS PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Griffiths Brothers Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3 Filers Way, Weston Gateway Business Park, Weston-Super-Mare, BS24 7JP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. 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.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Investment property

Investment property
£
Valuation
As at 01 March 2022 325,000
As at 28 February 2023 325,000

4. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 1,471 0
Taxation and social security 3,996 3,683
Other creditors 87,553 97,178
93,020 100,861