Registration number: 03706356

Gryphon I.T. Limited

Contents

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 5

Gryphon I.T. Limited

(Registration number: 03706356)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	287	141
Investment property	5	435,000	435,000
		435,287	435,141
Current assets
Cash at bank and in hand		42,913	51,578
Creditors: Amounts falling due within one year	6	(5,392)	(4,875)
Net current assets		37,521	46,703
Net assets		472,808	481,844
Capital and reserves
Called up share capital		1,000	1,000
Other reserves		27,087	27,087
Retained earnings		444,721	453,757
Shareholders' funds		472,808	481,844

Gryphon I.T. Limited

(Registration number: 03706356)
Balance Sheet as at 28 February 2025

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 October 2025
 

......................................... H J Boardman Director

......................................... J M Boardman Company secretary

Gryphon I.T. Limited

Notes to the Financial Statements for the Year Ended 28 February 2025

1	General information

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

The address of its registered office is:
20 Orchard Close
Alresford
Hampshire
SO24 9PY
England

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.

Revenue recognition

Turnover comprises the fair value of the consideration received and provision of services in the ordinary course of the company’s activities.

Tax

The tax expense for the period comprises current tax payable.

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.

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
Office equipment	33% straight line basis

Gryphon I.T. Limited

Notes to the Financial Statements for the Year Ended 28 February 2025

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers 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 profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

Gryphon I.T. Limited

Notes to the Financial Statements for the Year Ended 28 February 2025

4	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 March 2024	7,017	7,017
Additions	250	250
At 28 February 2025	7,267	7,267
Depreciation
At 1 March 2024	6,876	6,876
Charge for the year	104	104
At 28 February 2025	6,980	6,980
Carrying amount
At 28 February 2025	287	287
At 29 February 2024	141	141

5	Investment properties

	2025 £
At 1 March	435,000
At 28 February	435,000

There has been no valuation of investment property by an independent valuer.

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	3,007	2,936
Other creditors	2,385	1,939
	5,392	4,875