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Registered number: SC825308
Griffin Air Systems Holdings Limited
Unaudited Financial Statements
For the Period 9 October 2024 to 30 April 2025
JAXX Accountancy Scotland Limited
Griffin Air Systems Holdings Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Statement of Changes in Equity | 3
Notes to the Financial Statements | 4—5

Page 1
Griffin Air Systems Holdings Limited
Balance Sheet
As At 30 April 2025
Balance Sheet
Registered number: SC825308

| 30 April 2025
--- | ---
| Notes | £ | £
FIXED ASSETS
Investments | 4 |  | 3,500,000
|  |  | 3,500,000
CURRENT ASSETS
Cash at bank and in hand |  | 7,950 |
|  | 7,950 |
Creditors: Amounts Falling Due Within One Year |  | (1,647,472 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (1,639,522 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,860,478
NET ASSETS |  |  | 1,860,478
CAPITAL AND RESERVES
Called up share capital | 6 |  | 10,000
Profit and Loss Account |  |  | 1,850,478
SHAREHOLDERS' FUNDS |  |  | 1,860,478

Page 1
Page 2
Griffin Air Systems Holdings Limited
Balance Sheet (continued)
As At 30 April 2025
For the period ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Kieron Griffin Director
20/01/2026

The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
Griffin Air Systems Holdings Limited
Statement of Changes in Equity
For the Period 9 October 2024 to 30 April 2025
Statement of Changes in Equity

| Share Capital | Profit and Loss Account | Total
--- | --- | --- | ---
| £ | £ | £
As at 9 October 2024 | 1 | - | 1
Profit for the period and total comprehensive income | - | 1,850,478 | 1,850,478
Arising on shares issued during the period | 9,999 | - | 9,999
As at 30 April 2025 | 10,000 | 1,850,478 | 1,860,478

Page 3
Page 4
Griffin Air Systems Holdings Limited
Notes to the Financial Statements
For the Period 9 October 2024 to 30 April 2025
Notes to the Financial Statements
1. General Information
Griffin Air Systems Holdings Limited is a private company, limited by shares, incorporated in Scotland, registered number SC825308 . The registered office is 12 North Avenue , Clydebank Business Park , Clydebank , G81 2QP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Financial Instruments
The company has basic financial instruments.
Short term debtors are measured at the transaction price, less any impairment. Loans recievable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short term trade creditors are measured at the transaction price. Other financial liabilties, including bank loans, are initioally measured at fair value, Net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 4
Page 5
Griffin Air Systems Holdings Limited
Notes to the Financial Statements (continued)
For the Period 9 October 2024 to 30 April 2025
2.4. Investments
Investments are recognised at cost on initial recognition, including any directly attributable costs. Fixed asset investments are held at cost less provision for impairment. The carrying value of investments is reviewed annually and reduced where there is evidence of a permanent diminution in value.
Current asset investments are stated at fair value, with movements in value recognised in the profit and loss account. Fair value is determined by reference to market value where available, or using appropriate valuation techniques where necessary.
Investments are derecognised when the rights to cash flows expire or are transferred.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
-
4. Investments

| Unlisted
--- | ---
| £
Cost
As at 9 October 2024 | -
Additions | 3,500,000
As at 30 April 2025 | 3,500,000
Provision
As at 9 October 2024 | -
As at 30 April 2025 | -
Net Book Value
As at 30 April 2025 | 3,500,000
As at 9 October 2024 | -

6. Share Capital

| 30 April 2025
--- | ---
| £
Allotted, Called up and fully paid | 10,000

7. Related Party Transactions
Griffin Air Systems Limited was a related party during the year by virtue of being a subsidiary undertaking of the company.
8. Ultimate Controlling Party
The Shares in Griffin Air Systmes Holdings Limited are owned by Mr Kieron Griffin, Mrs Sheila Griffin, Mr Christopher Griffin, Mr Stuart Dillon and Mrs Clare McLaughlin. The Registered office of Griffin Air Systems Holdings Limited is 12 North Avenue, Clydebank Business Park, Clydebank, G81 2QP.
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