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Reports Dated : 03/06/2025 Registered Number: 03741456
England and Wales

 

 

 

GRIFFIN CAPITAL PARTNERS LIMITED



Abridged Accounts
 


Period of accounts

Start date: 01 April 2024

End date: 31 March 2025
I consider that the company is exempt from an audit for the year ended 31 March 2025. I have acknowledged, on the balance sheet, my responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with my instructions, I have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations given to us. I have not carried out an audit or any other review, and consequently I do not express any opinion on these accounts.
Peter Kralj



....................................................
Peter Kralj
57 St James's Avenue
Hampton Hill
Middlesex
TW12 1HL
03 June 2025
1
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 7 824   
Investments 8 844,846    2,641,079 
845,670    2,641,079 
Current assets      
Debtors: amounts falling due within one year 22    2,244 
Cash at bank and in hand 24,780    83,951 
24,802    86,195 
Creditors: amount falling due within one year (126,253)   (33,912)
Net current assets (101,451)   52,283 
 
Total assets less current liabilities 744,219    2,693,362 
Creditors: amount falling due after more than one year (478,788)   (2,264,266)
Net assets 265,431    429,096 
 

Capital and reserves
     
Called up share capital 9 24    24 
Profit and loss account 265,407    429,072 
Shareholders' funds 265,431    429,096 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year ended 31 March 2024 in accordance with section 476 of the Companies Act.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 03 June 2025 and were signed on its behalf by:


-------------------------------
Peter Kralj
Director
2
General Information
Griffin Capital Partners Ltd is a limited company, registered in England, registration number 3741456, registration address 57 St James's Avenue Hampton Hill, Middlesex, TW12 1HL.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of certain financial instruments measured at fair value in accordance with the accounting policies where applicable.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors consider that the company is well placed to manage its business risks successfully. They have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
The company did not generate any turnover during the year. It's revenue consists of investment income and where they arise profits from sale of investments.
Foreign currencies
The Company maintains some investments denominated in US Dollars. These investments are long term assets and are shown in the accounts at their original cost and converted into £ sterling at the rate of exchange prevailing at the time of their acquisition. No unrealised exchange differences arising from the changes in the GBP/USD exchange rate in relation to these investments are therefore reflected in the accounts. Realised exchange gains and losses are shown as capital gains or losses where appropriate.
The Company's US Dollar brokerage account however does contain a certain amount of cash in USD and the balance at the year end in this account has been revalued at the GBP/USD rate of exchange prevailing at that time. All current year cash transactions including all income items are valued at the average exchange rate for the year.
Taxation
The tax charge in the accounts represents UK tax on the Company's taxable profits for the year together with any foreign withholding tax suffered on investment income that is not recoverable against UK Corporation tax and any prior year under or over provision.
The liability for Corporation tax represents the UK Corporation tax liability for the year less any recoverable withholding tax that qualifies for Foreign Tax Credit relief.
Dividends
Amounts shown as proposed dividends are those that have been recommended by the directors but not yet approved by the shareholders as at the end of the financial year.

Dividends paid are those that have been approved by the shareholders during the financial year.

Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis where relevant: 
Office equipment; 25% of written down value
The company has no other tangible fixed assets.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Fixed Interest Rate bearing securities are shown at an amount that represents the net present value of the future income and capital from the security, assuming that they are held to maturity discounted at the yield to maturity on the date that the security was acquired. Accordingly such securities that are acquired at a premium are amortised down to their face value over the remaining life of the investments. Securities acquired at a discount are accreted over the life of the asset. This accounting treatment ensures that at maturity these securities will be equal to their face value and the adjustment from cost to face value is recognised for accounting and tax purposes over the remaining life of the investment.
A disposal of a Fixed Interest Rate security prior to maturity for a sum that is higher or lower than its book value at the time of disposal will result in a profit or loss that is shown as a capital gain or loss outside the Profit and Loss Account.
Realised Exchange gains or losses on disposal of Fixed asset investments denominated in foreign currency resulting from changes in the rate of exchange of that currency relative to GBP are shown as capital profits or losses outside the Profit and Loss Account.
The Company holds index linked Treasury securities both in the UK and the US. Consistent with the principle of showing investments at cost these securities are shown at cost that where appropriate includes the amount paid for indexation of the cost at the time of acquisition. No adjustment for indexation after acquisition is recoginsed in the accounts. Such adjustments will be recognised when the securities are sold.
For tax purposes the indexation adjustments on the US index linked securities will be treated as liable to UK Corporation Tax on disposal. The indexation adjustment on the UK Index Linked securities are not recognised for such purposes in accordance with UK tax law.
Capitalisation of borrowing costs
The company has no interest bearing borrowing costs.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Directors' Emoluments

2025   2024
 
The Company has entered into an agreement whereby the directors would continue in office with no remuneration but would receive a payment on termination of their position under certain circumstances. No provision has been made in the company's accounts for this eventuality.

3.

Off Balance Sheet Arrangements

The company has not been party to any off balance sheet arrangements.

4.

Average number of employees

 The company had no employees during the year.
Average number of employees during the year was 0 (2024 : 0).
5.

Financial Commitments, Guarantees and Contingencies

The Company has undertaken to provide a pension to one of its directors out of current income and from a future date based upon a contingency that has not arisen. No provision has been made for that potential liability. The Directors consider that no such provision is required at this time.

6.

Indebtedness

All shareholder loans are due and payable subject to the agreement of the Directors. They are interest free and repayable on call.


7.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 April 2024  
Additions 1,099    1,099 
Disposals  
At 31 March 2025 1,099    1,099 
Depreciation
At 01 April 2024  
Charge for year 275    275 
On disposals  
At 31 March 2025 275    275 
Net book values
Closing balance as at 31 March 2025 824    824 
Opening balance as at 01 April 2024  


8.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 April 2024 2,707,654    2,707,654 
Additions 78,142    78,142 
Transfer to/from tangible fixed assets  
Disposals (1,933,807)   (1,933,807)
Revaluations (7,143)   (7,143)
At 31 March 2025 844,846    844,846 

9.

Share Capital

Authorised
24 Ordinary shares of £1.00 each
Allotted, called up and fully paid
2025
£
  2024
£
24 Ordinary shares of £1.00 each 24    24 
24    24 

3