Registration number: 00687176

Griffin Farms Limited
(Registration number: 00687176)

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Griffin Farms Limited
(Registration number: 00687176)

Company Information

Directors

R M Watkinson J M Robertson P D Watkinson

Registered office

Hall Farm Swardeston Norwich Norfolk NR14 8DS

Registered number

00687176

Griffin Farms Limited
(Registration number: 00687176)

Balance Sheet as at 30 September 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	441,734	443,258
Other financial assets	5	28	28
		441,762	443,286
Current assets
Stocks		47,001	49,591
Debtors	6	53,477	33,778
Cash at bank and in hand		602,406	571,772
		702,884	655,141
Creditors: Amounts falling due within one year	7	(67,650)	(57,363)
Net current assets		635,234	597,778
Net assets		1,076,996	1,041,064
Capital and reserves
Called up share capital		1,151	1,151
Share premium reserve		11,369	11,369
Capital redemption reserve		6,600	6,600
Retained earnings		1,057,876	1,021,944
Shareholders' funds		1,076,996	1,041,064

Griffin Farms Limited
(Registration number: 00687176)

Balance Sheet as at 30 September 2024

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 April 2025 and signed on its behalf by:
 

......................................... P D Watkinson Director

Griffin Farms Limited
(Registration number: 00687176)

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Hall Farm
Swardeston
Norwich
Norfolk
NR14 8DS

These financial statements were authorised for issue by the Board on 4 April 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Griffin Farms Limited
(Registration number: 00687176)

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	2% per annum straight line (freehold buildings)
Plant and machinery	20% reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

Griffin Farms Limited
(Registration number: 00687176)

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4	Tangible assets

	Freehold property £	Plant and machinery £	Total £
Cost or valuation
At 1 October 2023	599,379	63,514	662,893
At 30 September 2024	599,379	63,514	662,893
Depreciation
At 1 October 2023	156,532	63,103	219,635
Charge for the year	1,441	83	1,524
At 30 September 2024	157,973	63,186	221,159
Carrying amount
At 30 September 2024	441,406	328	441,734
At 30 September 2023	442,847	411	443,258

Included within the net book value of freehold property above is £405,351 (2023 - £405,351) in respect of freehold land, which is not depreciated.
 

Griffin Farms Limited
(Registration number: 00687176)

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5	Fixed asset investments

	Trade investments at cost £
Trade investments
Cost or valuation
At 1 October 2023	28
At 30 September 2024	28
Impairment
At 1 October 2023	-
At 30 September 2024	-
Carrying amount
At 30 September 2024	28

6

Debtors