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REGISTERED NUMBER: 08878307 (England and Wales)















GRIGGS ESTATES LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2023






GRIGGS ESTATES LIMITED (REGISTERED NUMBER: 08878307)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GRIGGS ESTATES LIMITED

Company Information
for the year ended 31 March 2023







DIRECTOR: Benjamin R Griggs





REGISTERED OFFICE: Waresley Park Stud
Gamlingay Road
Waresley
Sandy
Bedfordshire
SG19 3DD





REGISTERED NUMBER: 08878307 (England and Wales)






GRIGGS ESTATES LIMITED (REGISTERED NUMBER: 08878307)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,282 -

CURRENT ASSETS
Debtors 5 143,567 -
Cash at bank 1,118 4,503
144,685 4,503
CREDITORS
Amounts falling due within one year 6 196,188 1,912
NET CURRENT (LIABILITIES)/ASSETS (51,503 ) 2,591
TOTAL ASSETS LESS CURRENT
LIABILITIES

(22,221

)

2,591

CREDITORS
Amounts falling due after more than one year 7 17,543 -
NET (LIABILITIES)/ASSETS (39,764 ) 2,591

CAPITAL AND RESERVES
Called up share capital 75 75
Retained earnings (39,839 ) 2,516
SHAREHOLDERS' FUNDS (39,764 ) 2,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 January 2024 and were signed by:




Benjamin R Griggs - Director


GRIGGS ESTATES LIMITED (REGISTERED NUMBER: 08878307)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Griggs Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 at 31st March 2023, the company's balance sheet reflected an insolvent position, together with net current liabilities. However, included within creditors falling due within one year is an amount of £135,000 owed to the company director. The director has confirmed that these amounts will not be requested for repayment until such time as the company has sufficient funds available. Accordingly, the director considers the going concern basis of preparation to be appropriate.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 3 (2022 - NIL ) .

GRIGGS ESTATES LIMITED (REGISTERED NUMBER: 08878307)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 38,566
At 31 March 2023 38,566
DEPRECIATION
Charge for year 9,284
At 31 March 2023 9,284
NET BOOK VALUE
At 31 March 2023 29,282

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 26,988
At 31 March 2023 26,988
DEPRECIATION
Charge for year 6,747
At 31 March 2023 6,747
NET BOOK VALUE
At 31 March 2023 20,241

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 142,735 -
Other debtors 832 -
143,567 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 4,569 -
Hire purchase contracts 5,398 -
Trade creditors 32,920 -
Taxation and social security 14,758 -
Other creditors 138,543 1,912
196,188 1,912

GRIGGS ESTATES LIMITED (REGISTERED NUMBER: 08878307)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/23 31/3/22
£    £   
Hire purchase contracts 17,543 -