REGISTERED NUMBER: 00153998 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

FOR

GRIFFITH AND COMPANY LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investments

5

3,882

8,924

Investment property

6

1,050,000

1,200,000

1,053,882

1,208,924

CURRENT ASSETS

Cash at bank

276,851

322,713

CREDITORS

Amounts falling due within one year

7

47,960

48,596

NET CURRENT ASSETS

228,891

274,117

TOTAL ASSETS LESS CURRENT LIABILITIES

1,282,773

1,483,041

PROVISIONS FOR LIABILITIES

8

262,175

299,675

NET ASSETS

1,020,598

1,183,366

CAPITAL AND RESERVES

Called up share capital

9

18,603

18,603

Non-distributable reserve

786,526

899,954

Retained earnings

215,469

264,809

SHAREHOLDERS' FUNDS

1,020,598

1,183,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 December 2025 and were signed on its behalf by:

Mrs P A Palmer - Director

1.	STATUTORY INFORMATION

Griffith and Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00153998

Registered office:

Chanceford Cottage

Sand Lane

Frittenden

Kent

TN17 2BA

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rents receivable from the investment property in the year.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less impairment.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

£

COST

At 1 April 2024

8,924

Impairments

(5,042

)

At 31 March 2025

3,882

NET BOOK VALUE

At 31 March 2025

3,882

At 31 March 2024

8,924

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,200,000

Revaluations

(150,000

)

At 31 March 2025

1,050,000

NET BOOK VALUE

At 31 March 2025

1,050,000

At 31 March 2024

1,200,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 1936

371

Valuation in 2007

329,629

Valuation in 2009

30,000

Valuation in 2013

5,000

Valuation in 2019

1,385,000

Valuation in 2020

(550,000

)

Valuation in 2025

(150,000

)

1,050,000

The Directors have given consideration to the value of investment property owned by the company, and confirm that the valuation shown in the financial statements is appropriate as at the balance sheet date.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

39,569

39,725

Corporation tax

6,778

7,329

Accruals and deferred income

1,613

1,542

47,960

48,596

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Other timing differences

262,175

299,675

Deferred

tax

£

Balance at 1 April 2024

299,675

Provided during year

(37,500

)

Balance at 31 March 2025

262,175

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

18,603

Ordinary

£1

18,603

18,603

10.	RELATED PARTY DISCLOSURES

Included within "Amounts owed to group undertakings" is a loan to the company's subsidiary. This loan bears no interest and is repayable on demand.