Company No:
Contents
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Investment property | 3, 8 |
|
|
|
| Investments | 4 |
|
|
|
| 878,020 | 871,012 | |||
| Current assets | ||||
| Debtors | 5 |
|
|
|
| Cash at bank and in hand |
|
|
||
| 22,394 | 14,650 | |||
| Creditors: amounts falling due within one year | 6 | (
|
(
|
|
| Net current liabilities | (469,611) | (503,928) | ||
| Total assets less current liabilities | 408,409 | 367,084 | ||
| Provision for liabilities | (
|
|
||
| Net assets |
|
|
||
| Capital and reserves | ||||
| Called-up share capital | 7 |
|
|
|
| Revaluation reserve | 9 |
|
|
|
| Profit and loss account |
|
|
||
| Total shareholder's funds |
|
|
Director's responsibilities:
The financial statements of Petegriff Consulting Ltd (registered number:
|
Peter Griffin
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Petegriff Consulting Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Clifton House, Bunnian Place, Basingstoke, RG21 7JE, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
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.
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including the director |
|
|
| Investment property | |
| £ | |
| Valuation | |
| As at 01 April 2024 |
|
| Fair value movement | 28,000 |
| As at 31 March 2025 |
|
Valuation
A full market valuation of investment properties was completed at the Balance Sheet date. As a result of the valuation a number of properties have been revalued up to their market values The fair value of the Group’s residential investment properties at 31 March 2025 have been arrived at on the basis of valuations carried out on that date by the directors, having appropriate experience in the location and category of property being valued. The valuations performed were arrived at by reference to market evidence of transaction prices for similar properties. The comparison approach was used for all residential properties which involved reviewing recent market evidence from the sales of similar properties during the period.
See the Investment Properties held at Fair Value note for further analysis of Fair Value and Historic Cost.
| Listed investments | Total | ||
| £ | £ | ||
| Cost or valuation before impairment | |||
| At 01 April 2024 |
|
|
|
| Additions |
|
|
|
| Disposals | (
|
(
|
|
| Movement in fair value | (
|
(
|
|
| At 31 March 2025 |
|
|
|
| Carrying value at 31 March 2025 |
|
|
|
| Carrying value at 31 March 2024 |
|
|
The fair value of listed investments was determined with reference to the quoted market price at the reporting date. The cost of the shares on acquisition was £332,370 .
| 2025 | 2024 | ||
| £ | £ | ||
| Accrued income |
|
|
| 2025 | 2024 | ||
| £ | £ | ||
| Amounts owed to director |
|
|
|
| Accruals |
|
|
|
| Taxation and social security |
|
|
|
|
|
|
| 2025 | 2024 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
|
|
|
|
| 2025 | 2024 | ||
| £ | £ | ||
| Cost | 299,549 | 299,549 | |
| Fair Value Adjustment - 2022 | 120,451 | 120,451 | |
| Fair Value Adjustment - 2023 | 15,000 | 15,000 | |
| Fair Value Adjustment - 2024 | (2,000) | (2,000) | |
| Fair Value Adjustment - 2025 | 28,000 | 0 | |
| 461,000 | 433,000 |
Investment Properties are revalued as presented in the Investment Property note.
| 2025 | 2024 | ||
| £ | £ | ||
| Fair Value Reserve at start of period | 133,451 | 135,451 | |
| Fair Value adjustment in current year | (2,675) | (2,000) | |
| 130,776 | 133,451 |
Fair Value Reserves include the effect of Fair Value adjustments to the Investment Properties and Other Financial Investments.