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REGISTERED NUMBER: 12255299 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

GRIFFITHS FAMILY PROPERTIES LTD

GRIFFITHS FAMILY PROPERTIES LTD (REGISTERED NUMBER: 12255299)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRIFFITHS FAMILY PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mrs H Griffiths
M A Griffiths
Mrs J L Griffiths





REGISTERED OFFICE: 22 Tilston Drive
Brierley Hill
West Midlands
DY5 3DR





REGISTERED NUMBER: 12255299 (England and Wales)





ACCOUNTANTS: Blackthorns
Chartered Accountants
Admiral House
Waterfront East
Brierley Hill
West Midlands
DY5 1XG

GRIFFITHS FAMILY PROPERTIES LTD (REGISTERED NUMBER: 12255299)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 350,000 339,000

CURRENT ASSETS
Cash at bank and in hand 10,047 10,043

CREDITORS
Amounts falling due within one year 5 2,066 1,506
NET CURRENT ASSETS 7,981 8,537
TOTAL ASSETS LESS CURRENT
LIABILITIES

357,981

347,537

CREDITORS
Amounts falling due after more than one
year

6

(306,344

)

(309,694

)

PROVISIONS FOR LIABILITIES (9,000 ) (7,000 )
NET ASSETS 42,637 30,843

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 42,634 30,840
SHAREHOLDERS' FUNDS 42,637 30,843

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GRIFFITHS FAMILY PROPERTIES LTD (REGISTERED NUMBER: 12255299)

BALANCE SHEET - continued
31 OCTOBER 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 Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





Mrs H Griffiths - Director


GRIFFITHS FAMILY PROPERTIES LTD (REGISTERED NUMBER: 12255299)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Griffiths Family Properties Ltd is a private company, limited by shares, registered in England & Wales. The company's registered number is 12255299 and registered office is 22 Tilston Drive, Brierley Hill, England, DY5 3DR.

The presentation currency is in Sterling which is also the functional currency.

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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 339,000
Revaluations 11,000
At 31 October 2023 350,000
NET BOOK VALUE
At 31 October 2023 350,000
At 31 October 2022 339,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2021 10,492
Valuation in 2022 26,055
Valuation in 2023 11,000
Cost 302,453
350,000

The investment properties were revalued by the directors at 31 October 2023 at £350,000 (2022 - £339,000).

GRIFFITHS FAMILY PROPERTIES LTD (REGISTERED NUMBER: 12255299)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Taxation and social security 650 150
Other creditors 1,416 1,356
2,066 1,506

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 251,713 251,713
Other creditors 54,631 57,981
306,344 309,694

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 years 251,713 251,713
Other loans more than 5 years 54,631 57,981
306,344 309,694

7. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 251,713 251,713

The bank loan is secured against the investment property held.