Registered number: 07192236 | ||||||||
FOR THE YEAR ENDED 30/04/2024 | ||||||||
Prepared By: | ||||||||
Cate Moore Ltd | ||||||||
Bankspace | ||||||||
145-147 East Street | ||||||||
Bristol | ||||||||
BS3 4EJ |
Griffin (South West) Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/04/2024 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Taunton | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 07192236 | ||||||||
ACCOUNTANTS | ||||||||
Cate Moore Ltd | ||||||||
Bankspace | ||||||||
145-147 East Street | ||||||||
Bristol | ||||||||
BS3 4EJ |
Griffin (South West) Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30/04/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Griffin (South West) Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
104,197 | 192,933 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 124,401 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Revaluation reserve | 1c,9 | 297,675 | 297,675 | |||||||
Profit and loss account | 1,142,611 | 1,107,209 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Griffin (South West) Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30/04/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting FRS 1021 a | ||||||||
Thehe 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. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. | ||||||||
The financial statements have been prepared under the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. These financial statements are presented in Sterling (£). |
1b. Investment Properties | ||||||||
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined by the directors. The directors assess the values of the properties annually and where they deem it appropriate they will adjust the value of the investment property to reflect changes in the market prices. | ||||||||
The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the profit and loss. |
1c. Revaluation Reserve | ||||||||
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 9). | ||||||||
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account. |
2. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 2 | |||||
Griffin (South West) Limited | ||||||||
3. TANGIBLE FIXED ASSETS |
Cost |
At 30/04/2024 |
Depreciation |
At 30/04/2024 |
Net Book Amounts |
At 30/04/2024 |
4. INVESTMENT PROPERTIES | ||||||||
Investment | ||||||||
Properties | Total | |||||||
£ | £ | |||||||
Fair value | ||||||||
At 01/05/2023 | 1,355,002 | 1,355,002 | ||||||
Additions | 135,608 | 135,608 | ||||||
At 30/04/2024 | 1,490,610 | 1,490,610 | ||||||
Investment properties were revalued on 30 April 2023 by the directors who are internal to the company. The basis of this valuation was open market value. | ||||||||
The historical cost of the investment properties is £1,192,935 (2023: £1,057,327) | ||||||||
5. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 12,850 | 2,100 | ||||||
Other debtors | 61,397 | 61,397 | ||||||
74,247 | 63,497 | |||||||
Griffin (South West) Limited | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 21,362 | 10,003 | ||||||
Directors current account | 51,340 | 52,999 | ||||||
Trade creditors | 7,300 | 5,530 | ||||||
80,002 | 68,532 | |||||||
7. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 74,419 | 74,419 | ||||||
74,419 | 74,419 | |||||||
8. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
4 | 4 | |||||||
24 | 24 | |||||||
24 | 24 | |||||||
24 | 24 | |||||||
24 | 24 | |||||||
100 | 100 | |||||||
9. REVALUATION RESERVE | 2024 | 2023 | ||||||
£ | £ | |||||||
Fair value reserve | 297,675 | 297,675 | ||||||
297,675 | 297,675 | |||||||
10. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||