Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity00truetruefalse 12144325 2023-04-01 2024-03-31 12144325 2022-04-01 2023-03-31 12144325 2024-03-31 12144325 2023-03-31 12144325 c:Director1 2023-04-01 2024-03-31 12144325 d:Buildings 2023-04-01 2024-03-31 12144325 d:Buildings 2024-03-31 12144325 d:Buildings 2023-03-31 12144325 d:CurrentFinancialInstruments 2024-03-31 12144325 d:CurrentFinancialInstruments 2023-03-31 12144325 d:Non-currentFinancialInstruments 2024-03-31 12144325 d:Non-currentFinancialInstruments 2023-03-31 12144325 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12144325 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12144325 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 12144325 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 12144325 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 12144325 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 12144325 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 12144325 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 12144325 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 12144325 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 12144325 d:ShareCapital 2024-03-31 12144325 d:ShareCapital 2023-03-31 12144325 d:RetainedEarningsAccumulatedLosses 2024-03-31 12144325 d:RetainedEarningsAccumulatedLosses 2023-03-31 12144325 c:FRS102 2023-04-01 2024-03-31 12144325 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12144325 c:FullAccounts 2023-04-01 2024-03-31 12144325 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12144325 6 2023-04-01 2024-03-31 12144325 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 12144325





GRIFFIN ACCOUNTANTS HOLDINGS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024








img0000.png

 
GRIFFIN ACCOUNTANTS HOLDINGS LIMITED
REGISTERED NUMBER: 12144325

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
804,291
-

Investments
 5 
318,325
318,325

  
1,122,616
318,325

Current assets
  

Debtors: amounts falling due within one year
 6 
22,372
145,996

Cash at bank and in hand
 7 
85
985

  
22,457
146,981

Creditors: amounts falling due within one year
 8 
(315,025)
(196,425)

Net current liabilities
  
 
 
(292,568)
 
 
(49,444)

Total assets less current liabilities
  
830,048
268,881

Creditors: amounts falling due after more than one year
 9 
(648,714)
(111,650)

  

Net assets
  
181,334
157,231


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
181,234
157,131

  
181,334
157,231


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 September 2024.
Page 1

 
GRIFFIN ACCOUNTANTS HOLDINGS LIMITED
REGISTERED NUMBER: 12144325
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024





Misty-Jane Nickells
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
GRIFFIN ACCOUNTANTS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Griffin Accountants Holdings Limited is a private company, limited by shares domiciled in England & Wales, registration number 12144325. The registered office is Courtenay House, Pynes Hill, xeter, EX5 2AZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
GRIFFIN ACCOUNTANTS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Freehold property
-
Nil

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
GRIFFIN ACCOUNTANTS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


Additions
804,291



At 31 March 2024

804,291






Net book value



At 31 March 2024
804,291



At 31 March 2023
-

Page 5

 
GRIFFIN ACCOUNTANTS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
318,325



At 31 March 2024
318,325





6.


Debtors

2024
2023
£
£


Trade debtors
6,400
-

Other debtors
15,972
145,006

Prepayments and accrued income
-
990

22,372
145,996



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
85
985

85
985


Page 6

 
GRIFFIN ACCOUNTANTS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
85,284
20,300

Amounts owed to group undertakings
225,475
176,125

Other taxation and social security
4,266
-

315,025
196,425


The following liabilities were secured:




Details of security provided:

Bank loans provided by Lloyds Bank Plc are secured by way of legal mortgage over the property Courtenay House, as well as a fixed and floating cahrge over the assets of the company.


9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
648,714
111,650

648,714
111,650


The following liabilities were secured:




Details of security provided:

Bank loans provided by Lloyds Bank Plc are secured by way of legal mortgage over the property Courtenay House, as well as a fixed and floating cahrge over the assets of the company.

Page 7

 
GRIFFIN ACCOUNTANTS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
85,284
20,300


85,284
20,300

Amounts falling due 1-2 years

Bank loans
86,317
20,300


86,317
20,300

Amounts falling due 2-5 years

Bank loans
239,785
60,900


239,785
60,900

Amounts falling due after more than 5 years

Bank loans
322,612
30,450

322,612
30,450

733,998
131,950


 
Page 8