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REGISTERED NUMBER: 05593043 (England and Wales)






Unaudited Financial Statements for the Year Ended 31 October 2024

for

Parry Griffiths Homes Limited

Parry Griffiths Homes Limited (Registered number: 05593043)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Parry Griffiths Homes Limited

Company Information
for the Year Ended 31 October 2024







Directors: M J Griffiths
M Parry





Registered office: Unit 3 Queens Lane
Bromfield Industrial Estate
Mold
Flintshire
CH7 1NJ





Registered number: 05593043 (England and Wales)





Accountants: Ridgway and Company
The Office,
Ffordd Pentre Bach,
Nercwys.
Mold
Flintshire
CH7 4EG

Parry Griffiths Homes Limited (Registered number: 05593043)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 8,526 11,717
Investments 5 587,000 587,000
595,526 598,717

CURRENT ASSETS
Inventories 680,000 680,000
Debtors 6 1,363,728 742,722
Cash at bank 168,222 122,830
2,211,950 1,545,552
CREDITORS
Amounts falling due within one year 7 597,460 754,351
NET CURRENT ASSETS 1,614,490 791,201
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,210,016

1,389,918

CREDITORS
Amounts falling due after more than one
year

8

(2,387,694

)

(1,680,458

)

PROVISIONS FOR LIABILITIES (2,132 ) (2,226 )
NET LIABILITIES (179,810 ) (292,766 )

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings (180,310 ) (293,266 )
SHAREHOLDERS' FUNDS (179,810 ) (292,766 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Parry Griffiths Homes Limited (Registered number: 05593043)

Balance Sheet - continued
31 October 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2025 and were signed on its behalf by:




M J Griffiths - Director



M Parry - Director


Parry Griffiths Homes Limited (Registered number: 05593043)

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

1. STATUTORY INFORMATION

Parry Griffiths Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

STOCKS
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Parry Griffiths Homes Limited (Registered number: 05593043)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 November 2023 39,713
Additions 5,000
Disposals (18,971 )
At 31 October 2024 25,742
DEPRECIATION
At 1 November 2023 27,996
Charge for year 2,564
Eliminated on disposal (13,344 )
At 31 October 2024 17,216
NET BOOK VALUE
At 31 October 2024 8,526
At 31 October 2023 11,717

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2023
and 31 October 2024 587,000
NET BOOK VALUE
At 31 October 2024 587,000
At 31 October 2023 587,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 1,363,728 742,722

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 5,558 83,392
Taxation and social security 759 1,097
Other creditors 591,143 669,862
597,460 754,351

Parry Griffiths Homes Limited (Registered number: 05593043)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 15,833 25,834
Other creditors 2,371,861 1,654,624
2,387,694 1,680,458

9. RELATED PARTY DISCLOSURES

The balance on Mr M Parry's director's loan account at 31 October 2024 amounted to £593,494.21 which is included in "Other creditors".The director's loan account is unsecured and repayable on demand.

The company is owed £1,329,750.70 by a wholly owned subsidiary, Garmon Limited. This amount is included in"Other debtors" and is repayable on demand.