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REGISTERED NUMBER: 01900157 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Simon Griffin Antiques Limited

Simon Griffin Antiques Limited (Registered number: 01900157)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Simon Griffin Antiques Limited (Registered number: 01900157)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 372 464
Investment property 5 1,300,000 1,300,000
1,300,372 1,300,464

CURRENT ASSETS
Stocks 215,186 189,207
Debtors 6 21,008 75,965
Cash at bank and in hand 345,713 318,507
581,907 583,679
CREDITORS
Amounts falling due within one
year

7

571,549

535,485
NET CURRENT ASSETS 10,358 48,194
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,310,730

1,348,658

PROVISIONS FOR LIABILITIES 115,139 115,139
NET ASSETS 1,195,591 1,233,519

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 490,858 490,858
Retained earnings 704,633 742,561
SHAREHOLDERS' FUNDS 1,195,591 1,233,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Simon Griffin Antiques Limited (Registered number: 01900157)

Balance Sheet - continued
30 April 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 January 2024 and were signed by:





S J Griffin - Director


Simon Griffin Antiques Limited (Registered number: 01900157)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Simon Griffin Antiques Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01900157

Registered office: 3 Royal Arcade
28 Old Bond Street
LONDON
W1S 4SB

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Investment property
The investment properties have been valued by the director at 30th April 2020 and the gain less provision for corporation tax has been credited to the Fair Value Reserve.

Stocks
Stocks are valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Simon Griffin Antiques Limited (Registered number: 01900157)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022
and 30 April 2023 13,523
DEPRECIATION
At 1 May 2022 13,059
Charge for year 92
At 30 April 2023 13,151
NET BOOK VALUE
At 30 April 2023 372
At 30 April 2022 464

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 May 2022
and 30 April 2023 1,300,000
NET BOOK VALUE
At 30 April 2023 1,300,000
At 30 April 2022 1,300,000

Cost or valuation at 30 April 2023 is represented by:
£   
Valuation in 2020 1,300,000

Simon Griffin Antiques Limited (Registered number: 01900157)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

30.4.23 30.4.22
£    £   
Cost 694,007 694,007

The investment properties were valued on an open market basis on 30 April 2023 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Other debtors 21,008 75,965

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Other creditors 571,549 535,485

8. RESERVES
Fair
value
reserve
£   
At 1 May 2022
and 30 April 2023 490,858