Silverfin false false 31/12/2023 01/01/2023 31/12/2023 M A Griffin 08/11/2012 S Griffin 05/06/2017 04 April 2024 The principal activity of the company is the provision of housing development consultancy and management services. 08285996 2023-12-31 08285996 bus:Director1 2023-12-31 08285996 bus:Director2 2023-12-31 08285996 2022-12-31 08285996 core:CurrentFinancialInstruments 2023-12-31 08285996 core:CurrentFinancialInstruments 2022-12-31 08285996 core:ShareCapital 2023-12-31 08285996 core:ShareCapital 2022-12-31 08285996 core:RetainedEarningsAccumulatedLosses 2023-12-31 08285996 core:RetainedEarningsAccumulatedLosses 2022-12-31 08285996 core:ComputerSoftware 2022-12-31 08285996 core:ComputerSoftware 2023-12-31 08285996 core:OfficeEquipment 2022-12-31 08285996 core:OtherPropertyPlantEquipment 2022-12-31 08285996 core:OfficeEquipment 2023-12-31 08285996 core:OtherPropertyPlantEquipment 2023-12-31 08285996 bus:OrdinaryShareClass1 2023-12-31 08285996 2023-01-01 2023-12-31 08285996 bus:FilletedAccounts 2023-01-01 2023-12-31 08285996 bus:SmallEntities 2023-01-01 2023-12-31 08285996 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08285996 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08285996 bus:Director1 2023-01-01 2023-12-31 08285996 bus:Director2 2023-01-01 2023-12-31 08285996 core:ComputerSoftware core:TopRangeValue 2023-01-01 2023-12-31 08285996 core:OfficeEquipment core:TopRangeValue 2023-01-01 2023-12-31 08285996 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-01-01 2023-12-31 08285996 2022-01-01 2022-12-31 08285996 core:ComputerSoftware 2023-01-01 2023-12-31 08285996 core:OfficeEquipment 2023-01-01 2023-12-31 08285996 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 08285996 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 08285996 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08285996 (England and Wales)

MA GRIFFIN ASSOCIATES LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

MA GRIFFIN ASSOCIATES LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

MA GRIFFIN ASSOCIATES LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
MA GRIFFIN ASSOCIATES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS M A Griffin
S Griffin
REGISTERED OFFICE Centenary House Peninsula Park
Rydon Lane
Exeter
EX2 7XE
United Kingdom
COMPANY NUMBER 08285996 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon EX2 7XE
MA GRIFFIN ASSOCIATES LIMITED

BALANCE SHEET

As at 31 December 2023
MA GRIFFIN ASSOCIATES LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 44 67
Tangible assets 4 7,654 298
7,698 365
Current assets
Debtors 5 18,991 460
Cash at bank and in hand 250,976 217,740
269,967 218,200
Creditors: amounts falling due within one year 6 ( 51,332) ( 49,537)
Net current assets 218,635 168,663
Total assets less current liabilities 226,333 169,028
Net assets 226,333 169,028
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 226,233 168,928
Total shareholders' funds 226,333 169,028

For the financial year ending 31 December 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 MA Griffin Associates Limited (registered number: 08285996) were approved and authorised for issue by the Board of Directors on 04 April 2024. They were signed on its behalf by:

M A Griffin
Director
MA GRIFFIN ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
MA GRIFFIN ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 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

MA Griffin Associates 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 Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom. The principal place of business in Shangri-la, Robins Lane, Shepton Beauchamp, Ilminster, TA19 0LT.

The financial statements have been prepared under the historical cost convention, modified to include 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 stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 3 years straight line
Other property, plant and equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

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

3. Intangible assets

Computer software Total
£ £
Cost
At 01 January 2023 305 305
At 31 December 2023 305 305
Accumulated amortisation
At 01 January 2023 238 238
Charge for the financial year 23 23
At 31 December 2023 261 261
Net book value
At 31 December 2023 44 44
At 31 December 2022 67 67

4. Tangible assets

Office equipment Other property, plant
and equipment
Total
£ £ £
Cost
At 01 January 2023 4,075 0 4,075
Additions 0 8,750 8,750
At 31 December 2023 4,075 8,750 12,825
Accumulated depreciation
At 01 January 2023 3,777 0 3,777
Charge for the financial year 227 1,167 1,394
At 31 December 2023 4,004 1,167 5,171
Net book value
At 31 December 2023 71 7,583 7,654
At 31 December 2022 298 0 298

5. Debtors

2023 2022
£ £
Other debtors 18,991 460

6. Creditors: amounts falling due within one year

2023 2022
£ £
Accruals 2,377 2,005
Corporation tax 19,341 17,200
Other taxation and social security 29,614 30,332
51,332 49,537

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Balance brought forward 328 0
Advances to director 18,452 328
Balance carried forward 18,780 328

At the year end balance of £18,780 (2022: £328) was due from a director. The loan is repayable on demand and interest is charged at a rate of 2%.