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REGISTERED NUMBER: 12304501 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

GRIFFITHS PREMIER HOMES LIMITED

GRIFFITHS PREMIER HOMES LIMITED (REGISTERED NUMBER: 12304501)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRIFFITHS PREMIER HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: S J Griffiths
Mrs M N Griffiths





REGISTERED OFFICE: 4 The Sheepcote
Lumber Lane
Lugwardine
Hereford
HR1 4AG





REGISTERED NUMBER: 12304501 (England and Wales)





ACCOUNTANTS: Cole & Co
4 The Sheepcote
Monks Orchard
Lumber Lane, Lugwardine
Hereford
Herefordshire
HR1 4AG

GRIFFITHS PREMIER HOMES LIMITED (REGISTERED NUMBER: 12304501)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,539 1,923

CURRENT ASSETS
Stocks 1,266,018 518,550
Debtors 5 28,524 5,689
Cash at bank 14,072 133,391
1,308,614 657,630
CREDITORS
Amounts falling due within one year 6 (1,033,010 ) (329,464 )
NET CURRENT ASSETS 275,604 328,166
TOTAL ASSETS LESS CURRENT LIABILITIES 277,143 330,089

PROVISIONS FOR LIABILITIES - (365 )
NET ASSETS 277,143 329,724

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 277,141 329,722
SHAREHOLDERS' FUNDS 277,143 329,724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

GRIFFITHS PREMIER HOMES LIMITED (REGISTERED NUMBER: 12304501)

BALANCE SHEET - continued
30 NOVEMBER 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 6 March 2025 and were signed on its behalf by:





S J Griffiths - Director


GRIFFITHS PREMIER HOMES LIMITED (REGISTERED NUMBER: 12304501)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Griffiths Premier 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.

The company's functional and presentational currency in the financial statements is Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. The policies have been consistently applied to all years presented unless otherwise stated.

2. ACCOUNTING POLICIES

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

There have been no departures from FRS 102 1A.

TURNOVER
Turnover 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 - 20% on cost

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

FINANCIAL INSTRUMENTS
Basic financial instruments are recognised at amortised cost.

TAXATION
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and calculated 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.

GRIFFITHS PREMIER HOMES LIMITED (REGISTERED NUMBER: 12304501)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 3,005
DEPRECIATION
At 1 December 2023 1,082
Charge for year 384
At 30 November 2024 1,466
NET BOOK VALUE
At 30 November 2024 1,539
At 30 November 2023 1,923

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 16,556 5,689
Deferred tax asset 11,968 -
28,524 5,689

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 676,500 -
Trade creditors 19,511 11,469
Tax - 87,842
Other creditors 314,024 196,252
Directors' current accounts - 12,306
Accrued expenses 22,975 21,595
1,033,010 329,464

GRIFFITHS PREMIER HOMES LIMITED (REGISTERED NUMBER: 12304501)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2