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Registration number: 01090060

Giffard Securities Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Giffard Securities Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3 to 4

 

Giffard Securities Limited

Company Information

Director

G N Underwood

Registered office

5 High Street
Pitsford
Northampton
NN6 9AD

Accountants

Hawsons Chartered Accountants
Jubilee House
32 Duncan Close
Moulton Park
Northampton
NN3 6WL

 

Giffard Securities Limited

(Registration number: 01090060)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Non-Current Assets

 

Investments

3

1

1

Current assets

 

Trade and other receivables

4

220,159

220,159

Net assets

 

220,160

220,160

Equity

 

Called up share capital

10,000

10,000

Capital redemption reserve

74,000

74,000

Profit and loss account

136,160

136,160

Total equity

 

220,160

220,160

These annual accounts and reports have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the profit and loss account has been taken.

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements were approved and authorised for issue by the director on 6 November 2024
 





G N Underwood

Director

 

Giffard Securities Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

 

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

Giffard Securities Limited is a company limited by shares incorporated in England within the United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements.

The financial statements are presented in sterling, which is the functional currency of the company.

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A Small Entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Going concern

The financial statements have been prepared on a going concern basis.

Non-current asset investments

Non-current asset investments are stated at historical cost less provision for any diminution in value.

 

2

Staff numbers

The average number of persons employed by the company (including the director) during the year was as follows:

2024
No.

2023
No.

Employees

2

2

 

3

Investments

2024
£

2023
£

Investments in subsidiaries

1

1

Subsidiaries

£

Cost or valuation

At 1 April 2023 and 31 March 2024

1

Carrying amount

At 31 March 2023 and 31 March 2024

1

 

Giffard Securities Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

 

4

Trade and other receivables

2024
£

2023
£

Amounts owed by group undertakings

220,159

220,159

Receivables includes £120,159 (2023 - £120,159) due after more than one year.

 

5

Related party transactions

Transactions with directors

During the year dividends of £49,700 (2023 - £76,800) were paid to the directors.