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Registered number: 07192236

Griffin (South West) Limited

ACCOUNTS
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
D H Griffin
L C Griffin
REGISTERED OFFICE
The Court House
Ham
Creech St Michael
Taunton
TA3 5NZ
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 Sheet3
Notes To The Accounts4
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 30/04/2024
20242023
Notes££
FIXED ASSETS
Tangible assets31,490,6101,355,002
CURRENT ASSETS
Debtors574,24763,497
Cash at bank and in hand29,950129,436
104,197192,933
CREDITORS: Amounts falling due within one year680,00268,532
NET CURRENT ASSETS24,195124,401
TOTAL ASSETS LESS CURRENT LIABILITIES1,514,8051,479,403
PROVISIONS FOR LIABILITIES AND CHARGES774,41974,419
NET ASSETS1,440,3861,404,984
CAPITAL AND RESERVES
Called up share capital8100100
Revaluation reserve1c,9297,675297,675
Profit and loss account1,142,6111,107,209
SHAREHOLDERS' FUNDS1,440,3861,404,984
For the year ending 30/04/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 28/01/2025 and signed on their behalf by
.............................
D H Griffin
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
20242023
No.No.
Average number of employees22

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
PropertiesTotal
££
Fair value
At 01/05/20231,355,0021,355,002
Additions135,608135,608
At 30/04/20241,490,6101,490,610
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 20242023
££
Amounts falling due within one year
Trade debtors12,8502,100
Other debtors61,39761,397
74,24763,497

Griffin (South West) Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax21,36210,003
Directors current account51,34052,999
Trade creditors7,3005,530
80,00268,532
7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation74,41974,419
74,41974,419
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
4 Ordinary shares of £1.00 each44
24 Class B shares of £1.00 each2424
24 Class C shares of £1.00 each2424
24 Class D shares of £1.00 each2424
24 Class E shares of £1.00 each2424
100100
9. REVALUATION RESERVE 20242023
££
Fair value reserve297,675297,675
297,675297,675
10. RELATED PARTY TRANSACTIONS
D H Griffin (Director)
D H Griffin has provided a loan to the company with no fixed terms of repayment. At the balance sheet date the amount due to D H Griffin was £51,340 (2023: £52,999)